Surge Secured Mastercard®

Advertiser Disclosure Editorial Disclosure

Last updated on April 27th, 2021

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
  • Earn 1% cash back rewards on every purchase
  • Free access to your Vantage 3.0 score from TransUnion
  • 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
Credit Card Deals
  • Save 5% - Offer Expires on December 31, 2030 - See Details
  • Save 5% - Offer Expires on December 31, 2030 - See Details
  • Receive up to 50% off hotels in addition to a 1% rebate - Offer Expires on December 31, 2030 - See Details
  • Save 15% - Offer Expires on December 31, 2030 - See Details
  • Save 1% - Offer Expires on December 31, 2030 - See Details
  • Save 5% - Offer Expires on December 31, 2030 - See Details
  • Enjoy 5% rebate on all online bookings, global pass memberships and all premium subscription - Offer Expires on December 31, 2030 - See Details
  • Save 10% - Offer Expires on December 31, 2030 - See Details
  • Save up to 20% - Offer Expires on December 31, 2030 - See Details
  • Save $500.00 - Offer Expires on December 31, 2030 - See Details
  • View All Deals -

At a Glance

The Surge Secured Mastercard® is a secured credit card that offers rewards – and the ability to build credit – in one package. The card differs from most secured cards on the market in that it earns 1% cash back rewards on every purchase and can help users build their credit score at most places in the United States where Mastercard is accepted.

Ideal for Those Who:

  • Have a limited credit history – or no credit history at all
  • Have damaged credit
  • Want to earn cash back rewards with every purchase
  • Want free access to their credit score every month

Surge Secured Mastercard® Review

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. Beyond that, however, there usually isn’t much to offer from a secured card. The Surge Secured Mastercard® is looking to change this rather outdated idea about what a secured card is by changing how consumers use their secured credit card.

Earn 1% Cash Back on Every Eligible Purchase

The Surge Secured Mastercard® offers cardholders 1% cash back on all eligible purchases, making it one of the few cards in the market to provide rewards while building credit. One percent cash back means cardholders earn one cent for every dollar they spend on purchases. For example: spend $100 and get $1 back – not bad for a credit builder card. Cash back rewards apply towards statement credits, which is an excellent feature – and a great way to help pay down the card’s balance.

Refundable Security Deposit

Like other secured credit cards, the Surge Secured Mastercard® requires a security deposit. This deposit acts as the collateral for the account and serves as the line of credit. With the Surge, that refundable security deposit is a minimum of $300. This is on par with other secured card options and makes the card a solid choice for those who want a low rate and a modest initial deposit requirement.

Opportunity for Credit Limit Increases

While the security deposit is refundable, Continental Finance (the card’s issuer) offers the potential for credit limit increases with responsible usage of the Surge Secured Mastercard®. Make your payments on time, keep your credit use in check, and you may receive additional credit – without the need for an additional security deposit.

Continental Finance also issues the popular Surge Mastercard®, an unsecured card for people looking to rebuild their credit. This relationship makes the opportunity for credit limit increases with the Surge Secured Mastercard® the ideal stepping stone from secured to an unsecured credit card.

Monthly Credit Reporting and Free Credit Scores

While cash back rewards are great, a secured card’s actual role is in establishing a positive credit history. This process involves making on-time payments and ensuring you only use the credit you need. Credit use and payment history account for over two-thirds of your FICO score, so these two factors are essential for boosting a subprime credit score.

If you keep those two factors in mind, the Surge Secured Mastercard® makes building credit a snap – thanks to monthly reporting to the three major credit bureaus (Experian, Equifax, and TransUnion). Even better, cardholders have access to their Vantage 3.0 score from TransUnion free-of-charge when they sign up for e-statements.

Competitive APR on Purchases

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. That rate sits below 20% for purchases.

The average APR for someone with bad credit is approximately 21.74% – higher than the 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.

Other Card Featured

Other notable features of the Surge Secured Mastercard® include:

  • A fast, easy application process that takes minutes
  • Fast and easy application process, with results in seconds
  • Reasonable $69 annual fee
  • Ability to use at locations in the United States where Mastercard® is accepted

Should You Apply for the Surge Secured Mastercard®?

Overall, the Surge Secured Mastercard® is an enticing secured card that offers excellent value for its $69 annual fee. The card earns an unlimited 1% back on eligible purchases, which puts it in rarified air among secured cards – most of which provide no rewards at all.

The Surge also provides the opportunity for credit limit increases without an additional security deposit. This feature lets responsible cardholders bridge the gap from secured to unsecured credit cards seamlessly and adds an extra incentive for correct card usage.