Reviews

OakStone Platinum Secured Mastercard® full review: should you get it?

The OakStone Platinum Secured Mastercard® has the best tools to build credit with one of the lowest APR on the market: 9.99% without penalty rate. See other advantages of this card in this review!

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OakStone Platinum Secured Mastercard®: your chances of building credit with one of the lowest APRs on the market

OakStone Platinum Secured Mastercard®
Learn all about the OakStone Platinum Secured Mastercard®. Source: OakStone

In fact, people with bad credit also deserve a second chance. That’s exactly what the OakStone Platinum Secured Mastercard® offers: rebuilding credit even with a bankruptcy in your history.

OakStone logo

OakStone Platinum Secured Mastercard®: check out how to apply!

Apply for the OakStone Platinum Secured Mastercard® and build your credit regardless of the credit score you have today. Know how!

Read this review and learn more:

Credit ScoreNo minimum score required
Annual FeeN/A
Regular APR9.99% (variable or purchases)
Welcome bonusNone
RewardsNone

OakStone Platinum Secured Mastercard®: learn more about this financial product

Indeed, beginnings (or restarts) are not always easy. Therefore, all possible help is needed at these times. Thus, this card was designed for those who want to build or rebuild their own credit.

Thus, it accepts applicants with any credit score and even those with a history of discharged bankruptcy. This card reports your payments to the country’s three main credit bureaus to improve your score.

The entire application process is simple, easy, completely online, and takes just a few minutes. To activate this card, a secured deposit is required.

This will also define your credit limit and can range from $200 to $2,000 initially. Based on responsible use of this card, your limit can be expanded up to $5,000.

To minimize the worry of late payment interest, this card offers one of the lowest APRs on the market and no penalty rate.

Finally, it is a Mastercard card, accepted in most stores in the country and around the world.

OakStone Platinum Secured Mastercard® features

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Learn more about the card’s pros and cons. Source: OakStone

If your mission is to build credit, choosing your credit card wisely is important. Therefore, we have listed the main advantages and disadvantages of this option.

That way, you will be sure if this is your best option. Check it out below:

What are the benefits?

  • One of the lowest APR in the credit card market: 9.99%;
  • Credit Building: Reports your payments to the three major credit bureaus;
  • This is a Mastercard card, accepted anywhere in the country;
  • It does not establish a minimum credit score and accepts applicants with a history of bankruptcy.

And what are the drawbacks?

  • Requires security deposit;
  • This card does not offer a welcome bonus or rewards program.

What credit score do you need to get the OakStone Platinum Secured Mastercard®?

Indeed, your score is not a factor in applying for this card. So, you can get them even with bad credit or no credit.

How does the OakStone Platinum Secured Mastercard® application process work?

In effect, this card accepts remote applications made by computer. To see how this process works, check out our post below!

OakStone logo

OakStone Platinum Secured Mastercard®: check out how to apply!

Apply for the OakStone Platinum Secured Mastercard® and build your credit regardless of the credit score you have today. Know how!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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