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Assent Platinum 0 Intro Rate APR for the first six months, you can make purchases.
It’s a solid option whether you’re just getting started with credit or working to get back on track.Â
Plus, it’s pretty straightforward—no complicated rewards programs or hidden fees to stress over.
So, if you’re curious about how it works and whether it could be a good fit for you, keep reading.
We’ll break down the details, the benefits, and what to watch out for before applying.
Assent Platinum 0 Intro Rate
0% APR for the first six months $49 annual feeHow Does the Assent Platinum 0 Intro Rate Work?
So, how exactly does the Assent Platinum 0 Intro Rate work? Well, it’s a secured credit card, which means your credit limit is linked to a deposit you make when you open the account.
For example, if you decide to deposit $500, that’s your credit limit. It’s a bit different from traditional credit cards, but this setup is what makes it “secured.”
Once you’ve made your deposit, the card works like any other credit card. You can make purchases, pay bills, or even book things like travel.
The best part is that for the first six months, you won’t have to worry about paying any interest on your balance, thanks to the 0% APR.
After those six months, the APR will jump to 12.99%, but that’s not too bad for a secured card.
Main benefits of the Assent Platinum 0 Intro Rate
Now let’s talk about the main benefits of the Assent Platinum 0 Intro Rate—it’s not just about the 0% APR! For starters, the 0% APR for the first six months is a huge deal.
If you’re looking to make some big purchases or just want to pay off smaller ones over time, this gives you a chance to do that without worrying about interest piling up. That’s a nice little break, especially if you’re on a budget.
Another big benefit is that this card reports to all three credit bureaus—Equifax, Experian, and TransUnion. This means that as long as you make your payments on time, your credit score can improve over time. It’s like a tool to help you grow your credit.
Cons for the Assent Platinum 0 Intro Rate
Like anything, the Assent Platinum 0 Intro Rate does have its downsides. One of the biggest cons is the $49 annual fee. While not huge, it’s still an extra cost to consider when you’re weighing your options. It’s something you’ll have to pay every year, so keep that in mind when you’re budgeting.
Another downside is that this card is secured, meaning you need to put down a deposit upfront. While that deposit is refundable, it can still be a challenge for some. If you don’t have the funds to make a deposit, this card may not be the right choice.
Lastly, there are no rewards with this card. If you’re looking for a card that gives you cash back, points, or miles for your purchases, you won’t find that here.
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APR and Fees
When it comes to APR and fees, the Assent Platinum 0 Intro Rate gives you a nice break at the beginning. You’ll enjoy 0% APR on purchases for the first six months, which is fantastic if you want to avoid interest while paying down your balance.
But after that intro period, the APR increases to 12.99%, which is standard for secured cards, but something you’ll want to keep in mind.
As for fees, there’s the annual fee of $49, which is pretty typical for secured cards but still something to factor in. It’s not a huge fee, but it adds up over time. Additionally, there could be fees for late payments, so make sure to keep up with your due dates to avoid extra costs.
The card doesn’t charge any fees for cash advances, but since it doesn’t allow them, that’s not really something you need to worry about. Overall, the fees are pretty manageable, but it’s always good to stay aware of them.
How to apply for the Assent Platinum 0 Intro Rate
Applying for the Assent Platinum 0 Intro Rate is easy and straightforward. All you need to do is head to the application page online. You’ll be asked to provide basic information like your name, address, birthdate, and Social Security number. These details help the bank assess your eligibility.
Next, you’ll choose how much you can afford to deposit. The deposit amount can range from $200 to $2,000, and that deposit will serve as your credit limit. The good news is that the deposit is refundable, as long as you keep the account in good standing.
Once you submit your application, the bank will review it and let you know if you’re approved. This process usually doesn’t take too long, but it can take a few days. If you’re approved, you’ll receive your card and can start using it right away.
If you have fair or poor credit, this card could be a great fit for you, as it’s designed for those looking to build or rebuild their credit. However, it’s important to know that having a minimum credit score of around 525 will increase your chances of getting approved.
