FIT Credit Card Reviews: Is It Good for Your Pocket? Key Points:
FIT credit card is issued by the Bank of Missouri and serviced by Continental Finance. It offers fraud liability coverage and free monthly credit score checks. Annual fee : $99 Foreign transaction fee : 3% Late payment fee : $30 Processing fee : $89 Monthly maintenance fee : $6.25 per month after first year. Credit limit : $400 It can be seemingly daunting to get a credit card when you have a bad or no credit history. But the good news is that certain cards are specially designed to help repair and rebuild FICO scores. And, one such is the Bank of Missouri and Continental Finance issued FIT credit card.
It is one of the best credit cards for no credit history . This unsecured card company reports to major credit bureaus, does not ask for security deposits, and gives free monthly credit checks. That’s just not it, read this blog till the end to know more about the FIT card features and charges.
FIT Credit Card – Overview FIT MasterCards are offered by Continental Finance for people looking to build or rebuild their credit score. Cardholders have an initial credit limit of $400 and may be eligible for an increase after six months of on time payments. Plus, you get access to Mastercard Zero Fraud Liability Protection and can opt for online statements to view your score for free once per month. However, you will pay high fees to access credit with this card, and you will not earn rewards.
Now that you’re introduced to the card, let’s move ahead in this FIT MasterCard review and discuss its positives and negatives in the next section.
FIT MasterCard Credit Card – Pros and Cons Before we dive into the fundamentals, it is important to discuss its positives and negatives to get a clear view.
Pros: The FIT Platinum MasterCard comes with a $400 credit limit , which can be increased in six months. Accepts candidates with poor and fair credit scores. The FIT card includes fraud liability coverage , which means you won’t have to pay for unauthorized transactions. The company does not ask for any security deposits. Cons: The card charges multiple fees . A FIT MasterCard processing fee of $89, an annual fee of $99, a monthly maintenance fee of $6.25 (waived for the first year), and a 3% foreign transaction fee. This card’s 29.99% APR on purchases is higher than that of many competing credit cards, and it does not provide a 0% introductory APR promotion. It does not provide a sign-up bonus or rewards for purchases. Requires on time payments for the first 6 months for the credit limit to double. Keeping all the pros and cons in mind, note that this card is only best if you’re willing to pay multiple fees.
FIT MasterCard Credit Card – Features The card can help you shore up your credit score with its unique features. These are the hallmark benefits that you can get:
FIT MasterCard Credit Limit of $400 Increase in Credit Limit MasterCard Zero Liability Protection Regular Reporting to Credit Bureaus Monthly Credit Score Checking So these are the great features provided by this Continental Finance-issued card. Moving ahead, let’s look at its fees and other charges.
FIT Credit Card – Fees and Other Charges Every card has different annual fees, APR, and other charges. Here is what you can expect to pay with FITcard :
Annual fee : $99.Foreign transaction fee : 3%.Cash advance fee : Either $10 or 3% of the amount of each cash advance, whichever is greater.Late payment fee : $30, if you miss a second payment on the next six bills, you will have to pay equal to your minimum payment, or up to $41.00.Returned payment fee : A Fee equal to your minimum payment, or $30.FIT MasterCard Processing fee : $89.Monthly maintenance fee : $6.25 per month after first year.Additional card fee: $30 fee for each authorized user you add.So these are the fundamentals of the card that you need to keep in mind. If you agree to the charges, you can proceed with the application process.
How to Apply for a FIT Credit Card? Applying for the card is simple, but there are a few requirements that you need to fulfill for the application and qualification process.
These are the prerequisites:
The applicant must be a citizen of the US . He or she must be 18 and above. The applicant must have a Social Security Number. Cardholders need to have a stable source of income. Applicants must have a 500+ credit score. By noting all these points, you can apply for your brand-new card with the help of the steps listed below:
First, go to the official site Apply Now button on the homepage. On the new page, enter the following details:Your first name Last name Address City State ZIP Code Email address Social Security Number Date of Birth Your monthly income Phone number Now, choose between Yes or No – Do you have an active checking account? Again, select between Yes and No – Would you like an additional card? Read all the e-sign disclosures, prices , and terms carefully. Tick the “I have read and agreed to terms” box and enter your primary and secondary phone number in the given fields. Lastly, tick the “I agree to the SMS terms of use” box and click on Submit Application . So this is how you can apply for a new card. It will get delivered within 7-10 business days to your registered address.
How to Do FIT Credit Card Login? Once you receive the card, you can activate FIT card via the official site. Similar to other Continental Finance-issued Cerulean credit cards and Reflex credit cards , you get access to a personal dashboard with this card as well.
Here are the steps for the login:
Now, enter your username and password in the given field. Click on the Log In button, and you’ll be redirected to your dashboard. You can manage and keep track of your card transactions, all with ease, by following the above-mentioned steps.
FIT MasterCard Reviews by Customers 91% of customers on Trustpilot have rated FIT MasterCard with 5 stars, and only 4% with 1 star. Talking about the negative reviews, customers are mainly unhappy with the customer helpdesk assistance and its high fees.
Well, it is always best if you get some experience of your own. For that, you can contact the customer support team and learn about the card basics.
Who Should Choose FIT Credit Card? As one size doesn’t fit all, this card doesn’t need to work perfectly for every person. So who should get it? a) if you are desperate to build or rebuild your CIBIL score, and b) you can manage the finances well and do not plan to carry a balance. Plus, you must have a budget to pay for the high charges.
Who Shouldn’t Apply for the FIT MasterCard? You must stay away from this card if you do not want to pay outrageous fees and hefty charges. It will put you through a hard time if you are already tight on budget. Secondly, this card does not have any update option. So you can not ask for a better card with lower expenses and better perks.
Alternatives of FIT Credit Card Some good alternatives to FIT credit cards can also help to repair your credit history along with great features and rewards. Here are two of our recommendations:
Chime Secured Credit Builder Visa Card Chime provides Stride Bank N.A.-issued secured credit builder cards. All you need is a direct deposit of $200 or more from employers, gig payers, or other reliable sources to be eligible.
Features of Chime Secured Credit Builder Visa card are:
Free high-yield savings account. Access to 60,000 ATMs. No overdraft and debit card charges. Funds can be added via various Chime Reload locations . APR: No APR
Annual Fees: $0
Tomo Credit Card Community Federal Savings Bank offers Tomo credit cards to help those with average or no credit. The best part is that anyone living outside the United States with a valid bank account and proof of identity can also apply for this one. It gives cell phone protection, zero liability protection, and protection against identity theft.
These are the features of the Tomo credit card:
You can earn 1% cashback plus exclusive benefits with every transaction. Simple approval requirements and a straightforward application process. There is no annual percentage rate because a month’s balance cannot be carried over to the next. APR: No APR
Annual Charges: $0
So this was all about the FIT Credit Card by Continental Finance. You can either have it or check out the alternative cards that will help you build your credit history.
Whatever decision you take, make sure to understand all the fees, card charges, and terms and conditions carefully. Also, share this review with your friends to make them aware.
Read Next: SoFi Bank Reviews 2024: Financial Products and High Yield Savings
Frequently Asked Questions Ans: No, the company does not offer any reward with this card.
Ans: The maximum limit that you get is $3,000.
Ans: Customers have to pay a one-time fee of $89.
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