First Digital Mastercard® Credit Card
Consumer Reviews, Fees, Credit Score, Application & Best Alternatives
Updated: Dec 05, 2020
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The First Digital Mastercard® is designed for people looking to build good credit, even if they have no credit history at all. Issued by the Synovus Bank, it reports monthly to all 3 major credit bureaus, so it can help you quickly improve your credit score or build one from scratch. Although it comes with higher fees and APR, it can be a great tool for getting your finances in order. You'll have a low credit limit, but you may become eligible to increase it after a year of being a responsible cardholder. Read our honest First Digital editorial review below to find out if this card is the right fit for you.
Features
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Our Take
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Pros & Cons
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Basics
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Rates & Fees
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Additional Info
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Similar Cards
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Consumer Reviews (3)
Introductory APR
N/A
Intro APR Period
N/A
Minimum Credit Score
Bad Credit OK*
Key Features
- Get the security and convenience of a full-feature, unsecured MasterCard Credit Card - accepted at millions of merchant and ATM locations worldwide and online.
- You may be eligible for a Credit Line Increase after 12 months.
- Build up your credit history with a card that reports to all three major credit bureaus every month.
- Bad credit application accepted
- Online Customer Center available 24 x 7.
- Application results in 60 seconds.
- Issued by Synovus Bank, Member: FDIC
- Read the Review of First Digital NextGen Mastercard
https://marketprosecure.com/credit-cards/first-digital-mastercard.html
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2021-01-26
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Our Take
People with less-than-perfect credit will find the First Digital Mastercard offer to be an excellent tool for building good credit. Applying for this card is incredibly easy, and getting approved is much easier than with most cards for bad credit. Apart from very low application requirements and high approval ratings, this card comes with several more benefits to look forward ...
People with less-than-perfect credit will find the First Digital Mastercard offer to be an excellent tool for building good credit. Applying for this card is incredibly easy, and getting approved is much easier than with most cards for bad credit.
Apart from very low application requirements and high approval ratings, this card comes with several more benefits to look forward to.
It does have high fees and APR, but it can still come in pretty handy when you want to build or rebuild your credit.
Who Is This Card for?
The First Digital card is purposefully designed for all those looking to improve a bad credit score. People who may have had credit issues in the past and want to repair their FICO score can do so easily with this card.
People with no credit history at all can also benefit from this offer and quickly reach better financial stability.
So, if you want to build or rebuild your credit, the First Digital credit card might be a good fit for you.
The Benefits
This credit card doesn't have any rewards and additional perks, but its sole purpose is to help you build up your credit, after all.
Since it reports your monthly usage and payment activity to all 3 major credit bureaus, it can help you improve your credit score fairly quickly.
Another benefit is that no security deposit is required to open your account. You only need to have a checking account and meet the other low application requirements.
Yet another great thing is the possibility of increasing your credit limit. Although you get a low initial spending limit, you may be eligible to increase it after 12 months of responsible use.
The Disadvantages
The low initial credit limit of $300 might deter some consumers from applying for this card. The limit is set low because the card is primarily a tool for repairing credit. And since it is an unsecured card that doesn't require a security deposit, you simply can't control the spending you get. However, it's a good thing you may be able to increase it later on.
The greatest disadvantage of this card is a bevy of high rates and fees. Its fees might be more than enough to push you away, as well as the fact that it has one of the highest APRs on the market.
But annual and maintenance fees aside, you can avoid high-interest rates and late payment fees by always providing full payments on time and keeping your spending below 30% of your credit limit. Otherwise, you would hurt your credit score too.
Should You Use the First Digital Card?
This credit card is truly an excellent choice when you want to boost your credit score or establish a good credit history from scratch. If you can't afford a security deposit that comes with secured credit cards, then this card might be a good option for you.
If you can afford a security deposit, you might be better off with a secured credit card. This is because the First Digital comes with high fees and APR, which you don't get back like the refundable deposit with secured cards.
If you think you can provide all your payments in full and on time - every single month - to avoid higher APR and fees, then go for it, because you'll be able to build good credit quickly that way.
But if you don't think you can afford it all and always be punctual with your payments, then this card might not be a sound choice for you.
Read the Review of First Digital Mastercard.
Pros
- Bad credit applications accepted
- Secure online application with an instant response
- No security deposit required
- Possibility of credit limit increases
- Monthly reporting to all three major credit bureaus
Cons
- A low initial credit limit
- Hefty annual and maintenance fees
- High APR
- No rewards and bonuses
- No additional perks for cardholders
Basic Information |
Issuer: | Synovus Bank |
|---|---|
| Network: | Mastercard® |
| Category: | Consumer (Regular) |
| Review: | Full Card Review |
| Common Uses: |
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| Rewards: | No |
Rates & Fees |
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|---|---|
| Introductory APR (%): | N/A |
| Applied Towards: | N/A |
| Intro Period: | N/A |
| Regular APR: | See Terms |
| Regular APR Type: | Variable* |
| Annual Fee: | See Terms* |
| Balance Transfer: | No* |
| APR on Cash Advances: | 35.99%* |
| Grace Period: | 23 days* |
| Late Payment Fee: | $40* |
Alternatives, Compare First Digital Mastercard® Credit Card With Similar Offers
Additional Info & Comments
*Checking account required; Annual Fee is $75.00 for the first year. After that, $48.00 annually.
** The card may not be used at automated fuel pumps, for gambling transactions or at merchants outside the United States.
IMPORTANT
*The information provided for First Digital Mastercard® Credit Card is believed to be accurate at the time of evaluation or recent update on December 05, 2020. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
First Digital Mastercard® Credit Card Reviews - (3 User Reviews)
Share your experience and review the First Digital Mastercard® Credit Card
December 2, 2020
Ryan
(26-35) - Cardholder
Income on Application
$37500
Credit Score
Needs Work (300-579)
Credit Limit
$300
File for Bankruptcy
No
Helpful for poor credit
Another commenter mentioned how her credit score dropped after falling back on a cash loan for surgery and I had a similar experience. My medical bills drove me to bankruptcy a few years ago and it’s been a long journey getting back on my feet.
First Digital Mastercard was the only card I found to be decent for poor credit scores and I applied for it immediately. It’s slowly helping me build up my score but I have a long journey ahead.
Fees & Charges:
2/5
Features & Benefits:
5/5
Customer Support:
5/5
Application Process:
5/5
August 20, 2020
Tanya
(36-45) - Cardholder
Income on Application
$48321
Credit Score
Needs Work (300-579)
Credit Limit
$300
File for Bankruptcy
No
Just what I need to improve credit scores
I never knew that a small cash loan could create such massive problems in the long-run. I needed some cash to pay for a surgery I had, and once I didn’t return it on time, my credit score went down faster than a speeding rocket.
I reviewed many bad credit cards, and this one seemed to have the best features. It comes with a 75 dollar annual fee, which is acceptable if you ask me. I just hope that it’s really going to help me get back on my feet.
Fees & Charges:
3/5
Features & Benefits:
5/5
Customer Support:
5/5
Application Process:
5/5
April 25, 2020
Nick S
(36-45) - Applicant
Income on Application
$31500
Credit Score
Fair (580-669)
Credit Limit
$300
File for Bankruptcy
No
Pricey but convenient
Easy to apply and delivers what promised. A bit pricey..
Fees & Charges:
2/5
Features & Benefits:
4/5
Customer Support:
4/5
Application Process:
5/5