What are the benefits of the Oakstone Platinum Secured Mastercard?

The Oakstone Platinum Secured Mastercard reports your credit activity to all three major credit bureaus - Experian, Equifax, and TransUnion.

This helps rebuild your credit over time through responsible usage.

The card has a relatively low annual percentage rate (APR) of around 13.99% or 9.99%, which is lower than many other secured cards on the market.

Unlike some secured cards, the Oakstone Platinum Secured Mastercard does not have a penalty APR.

This means your interest rate won't suddenly skyrocket if you're late on a payment.

The minimum security deposit to open an account is just $200, making it accessible to those with limited funds.

The maximum credit limit can reach up to $5,000, which is higher than the typical $300-$500 limit seen with many secured cards.

Oakstone allows you to gradually increase your credit limit over time by making on-time payments and managing your account responsibly.

The card comes with Mastercard benefits like extended warranty protection, price protection, and access to Mastercard's global network of ATMs.

Oakstone reports your monthly payment history to the credit bureaus, which can help you establish or rebuild your credit score.

There are no foreign transaction fees when using the Oakstone Platinum Secured Mastercard abroad, making it a convenient option for travelers.

The card has no income requirement, making it accessible to those without a traditional source of income.

Oakstone provides free access to your Vantage credit score, allowing you to monitor your progress as you build credit.

Unlike some secured cards, the Oakstone Platinum Secured Mastercard does not require a credit check to apply, making it easier for those with poor or no credit to get approved.

The card's security deposit is fully refundable after demonstrating responsible usage, allowing you to eventually graduate to an unsecured card.

Oakstone offers a mobile app that allows you to manage your account, make payments, and track your credit score on-the-go.

The card's account information is reported to the credit bureaus on a monthly basis, providing regular opportunities to improve your credit.

Oakstone has a customer service team available 24/7 to assist with any questions or issues you may have with your account.

The Oakstone Platinum Secured Mastercard is accepted at over 35 million merchant locations worldwide, providing convenient usage.

The card's security deposit can be made using a debit card, credit card, or bank account, offering flexibility in how you fund the account.

Oakstone provides free credit education resources to help cardholders understand credit building and responsible financial management.

The Oakstone Platinum Secured Mastercard is issued by Synovus Bank, a reputable financial institution with a long history of serving customers.