First Latitude Assent Secured Card Review

Rebuild your credit with rewards & zero annual fees – a secured card that gives back.

Building or repairing credit can feel like an uphill climb, but the First Latitude Assent Mastercard Secured Credit Card provides a clear pathway forward. It is specifically tailored for people who are either starting out with no history or looking to rebuild after setbacks, making it more than just another secured card.

Instead of being weighed down by costly fees or complicated structures, this card offers a straightforward design with added perks, such as rewards and full reporting to the three major credit bureaus. That combination makes it appealing for anyone eager to get on stronger financial ground while enjoying small but meaningful benefits along the way.

Unlock Your Assent Advantage

Positive Highlights of the Assent Secured Card

1. Zero annual fee
Unlike many credit cards that charge you a yearly price just to keep the account open, the Assent Secured card removes this barrier. With no annual fee, you get to focus your resources on responsible usage instead of paying recurring charges. This is especially valuable for people with tight budgets, where every dollar counts. It means you can keep the account long-term without worrying about it eroding your progress.

2. Refundable security deposit
Your security deposit becomes your credit line, with a minimum of about $200. The deposit is refundable if you pay off your balance and close the account. This setup makes the product transparent and risk-controlled. Unlike some subprime cards that charge non-refundable program fees, here you’re essentially holding money in your own account while using the card to build credit.

3. Earn 1% cash back on payments
A standout feature: every time you make a payment toward your balance, you earn 1% back. Most secured cards don’t offer rewards at all, so this is a differentiator. Since it rewards payments instead of purchases, it nudges you toward healthier financial habits—paying on time and in full to both build credit and gain rewards.

4. Reports to all three major credit bureaus
Every month, your payment history, utilization, and account status get reported to Equifax, Experian, and TransUnion. This is key for rebuilding or creating credit because positive activity reflects across your full profile. Consistent reporting ensures that lenders, landlords, and even some employers will eventually see the benefits of your disciplined use of the Assent card.

5. No prior credit score required
Many people get denied for unsecured cards because they lack history. The Assent card doesn’t require an established credit record, making it accessible to those starting from scratch. It also suits individuals recovering from financial difficulties who need a second chance. As long as you can provide the deposit and basic details, you stand a fair shot.

6. Security deposit flexibility
With deposit options starting around $200 and scaling up to about $2,000, you can choose the limit that fits your circumstances. This flexibility allows cautious users to start small and more confident ones to set a higher limit, which can help manage credit utilization better.

7. Rewards that don’t expire
The rewards you earn never expire as long as your account is active and in good standing. That means you can let them accumulate until you’re ready to redeem for statement credits. It removes the pressure of deadlines, letting you focus on credit-building without tracking expiration dates.

8. Widely accepted Mastercard network
Since it’s a Mastercard, the Assent Secured card is accepted almost everywhere credit cards are used in the U.S. and abroad. This makes it useful not only for building credit but also for everyday convenience. Whether paying bills, reserving a hotel, or shopping online, you’ll rarely encounter issues with acceptance, unlike some niche or store-branded cards.

9. Simple structure with long-term potential
The combination of no annual fee, credit bureau reporting, and rewards means the card is more than just a placeholder. Used correctly, it can be a launchpad to qualifying for unsecured cards with richer perks later, making it a steppingstone in your financial journey.

Qualification Requirements

• Applicants must be 18 years or older and legal residents of the United States. Proof of identity is required.
  
• Active bankruptcy filings are a disqualification. Applicants need to demonstrate financial stability.
  
• A valid Social Security Number is necessary for identity verification and credit bureau reporting.
  
• A refundable security deposit (minimum around $200) is required to open the account and sets your credit limit.
  
• You must reside in a state where the card is available, ensuring compliance with banking regulations.
  
• Applicants should have a verifiable income source to demonstrate ability to meet monthly payments responsibly.
  

How to Apply for the Assent Card

1. Access the official website
   Start by visiting the First Latitude Assent Secured Card application page. It provides full terms and a secure application form.
   
2. Complete the online form
   Enter your personal details such as name, date of birth, Social Security Number, address, and income information.
   
3. Select your deposit amount
   Choose between $200 and $2,000 for your refundable security deposit. This amount becomes your credit limit.
   
4. Submit to verification
   The issuer may verify your identity and review your application to ensure you meet the requirements.
   
5. Agree to terms and disclosures
   Before submission, read through the pricing, APR, and cardholder agreement so you know exactly how the card works.
   
6. Fund and activate
   After approval, you’ll provide your deposit. Once processed, your card becomes active and ready for use in building credit.
   

Frequently Asked Questions

1. Does the Assent Secured Card charge an annual fee?
No, there is no annual fee. This makes it one of the most budget-friendly secured cards on the market.

2. What is the purchase APR on this card?
The variable APR is about 28.24%. Carrying a balance can get costly, so it’s recommended to pay off the card in full each month.

3. Can I apply with no credit history?
Yes. This card is made for those with limited or no history, and even people who have had credit issues in the past.

4. Does the Assent card help improve credit scores?
Yes. Since it reports to all three major credit bureaus, consistent on-time payments and low balances can positively influence your credit score.