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5 Reasons Why You Should Apply for the Surge Secured Mastercard

Last updated on April 27th, 2021

The Surge Secured Mastercard® is a new secured card from Continental Finance, the popular unsecured Surge Mastercard makers. The new card is an exciting addition to the ranks of secured credit cards. It offers a competitive APR on purchases, the chance at credit limit increases with no additional deposit, and 1% cash back rewards on all purchases. Here’s why we think you should consider applying for the Surge Secured Mastercard.

Five Reasons Why You Should Apply Consider Getting the Surge Secured Mastercard®

Here are five reasons why you should consider applying for the Surge Secured Mastercard:

Earn Rewards with Every Purchase

The Surge Secured Mastercard is one of very few secured credit cards that earn rewards. Surge cardholders earn 1% cash back on all eligible purchases, with cash back rewards applying towards statement credits to help offset the monthly payments due.

Very few secured cards offer rewards of any kind, with one notable exception being the Discover it Secured card. That card earns 2% cash back on the first $1,000 in combined purchases each quarter on gas and groceries – but features a purchase APR almost three percentage points higher than the Surge Secured card.

A Chance at Credit Limit Increases

Secured credit cards are a great way to repair damaged credit and establish a good credit score through on-time payments and responsible credit use. They are such excellent credit repair tools because they are easier to receive than unsecured cards, thanks to their security deposit requirement.

Like other secured cards, the Surge Secured Mastercard requires a fully refundable minimum cash deposit of $300 to open an account. Unlike other secured cards, however, Continental Finance (the card’s issuer) offers the potential for credit limit increases with responsible usage of the Surge Secured Card.

Demonstrate that you pay your bill on time and use your Surge card responsibly, and you may receive a credit limit increase with no additional security deposit required.  And since Continental Finance and Celtic Bank also issue the Surge Mastercard (an unsecured version of the Surge Secured Mastercard), they are the ideal partner for your credit-building journey!

Build Credit with Monthly Reporting to the Major Credit Bureaus

Building credit requires making your payments on time every month. Not only that but using as little credit as possible (also known as credit utilization) also impacts your credit score and can quickly boost a sagging score.

The Surge Secured Mastercard reports to the three major credit bureaus (Experian, Equifax, and TransUnion) every month. Some other secured (and unsecured) options for a bad credit score report to just one bureau every month – and some report only every few months. Because Surge reports monthly to all three bureaus, you give yourself the best chance at a credit score boost thanks to all your hard work.

Free Credit Score Access

The Surge Secured card also offers users free access to their Vantage 3.0 score from TransUnion free-of-charge when they sign up for e-statements. VantageScore is a newer scoring model created by the three leading credit agencies and is excellent for tracking credit score growth for those newer to credit.

VantageScore places a much greater emphasis on newer credit histories than FICO Score, meaning Surge Cardholders can watch their recent responsible credit use show results much faster than some other users.

Competitive APR

Secured cards feature higher-than-average APRs than credit cards for people with good credit. Often, those rates are exceedingly high – well into the mid-20s – but not so with the Surge Secured.

The average APR for someone with bad credit is approximately 21.74% – higher than the 19.99% interest rate that Surge Secured Mastercard® charges cardholders. This makes it an ideal option for someone who wants the versatility to build credit, earn rewards and carry a small balance at the same time.

Thinking About Applying for the Surge Secured Mastercard?

The Surge Secured Mastercard® is an enticing secured card that offers excellent value for those looking to repair their credit score – or build credit for the first time. Interested in applying? Click below for more info:

Surge Secured Mastercard®

Earn Rewards While Building Credit!

Surge Secured Mastercard®
  • Regular Purchase APR 19.99% variable based on the Prime Rate
  • Cash Advance APR 19.99% variable based on the Prime Rate
  • Annual Fee $69
  • Credit Needed Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • 1% Cash back Rewards on every purchase
  • Free access to your Vantage 3.0 score from TransUnion* (When you sign up for e-statements)
  • Monthly reporting to the three major credit bureaus
  • $0 fraud liability
Rates & Fees
  • Regular Purchase APR: 19.99% variable based on the Prime Rate
  • Cash Advance APR: 19.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $5.00 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: See Terms
  • Annual Fee: $69
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: See Terms
  • Return Payment Penalty Fee: See Terms
  • Over Limit Penalty Fee: See Terms
  • Minimum Deposit Required: $300
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Featured photo by jerrykimbrell10 / PixaBay
About: Cory
Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.