Learn how to apply for the Fit Mastercard Card
This card has low eligibility requirements and cardholders may qualify for a credit limit increase after six months.
Applying for the Fit Mastercard Card: What to Expect
If you’re interested in the Fit Mastercard Card, you may be wondering about the next steps. The Fit Mastercard Card offers the opportunity to double your initial credit limit from $400 to $800 in just six months. All you need to do is make the first six monthly minimum payments on time. By doing so, not only will you increase your credit limit, but you’ll also improve your credit score.
One of the key benefits of the Fit Mastercard Card is its ability to help you rebuild or improve your credit score. To achieve this, it’s essential to make your payments on time and keep your balance below your credit limit.
Continental Finance Company, the provider of the Fit Mastercard Card, offers a valuable benefit: a free monthly credit score. When you activate your Fit Mastercard, you’ll need to create an account. The account provides access to a free monthly credit score when you enroll in e-statements. This allows you to monitor your credit score and see the impact of actions like making monthly payments on time.
Logging into Continental Finance’s online account management system will also allow you to view statements, make payments, check due dates, and more.
It’s worth noting that Continental Finance reports your payments to the three major credit bureaus – TransUnion, Experian, and Equifax. Regular on-time payments to a creditor that reports to credit bureaus can demonstrate your financial responsibility and help improve your credit.
Eligibility for the Fit Mastercard Card
The Fit Mastercard Card is primarily aimed at individuals looking to rebuild or establish credit, including those with bad or no credit. The application process is quick, and in most cases, Continental Finance provides an instant decision.
How to Apply for the Fit Mastercard Card
Applying for the Fit Mastercard Card is straightforward. You can apply online by visiting this link, or if you prefer phone assistance, you can call 1-866-513-4598. Basic information will be required during the application process, such as your full name (as it appears on government documents), social security number, date of birth, and physical address (a P.O. box will not be accepted).
If approved, your new Fit Mastercard and welcome materials will be mailed to you within three business days.
Is the Fit Mastercard Card Worth Applying For?
If you have less than perfect credit, a Fit Mastercard Card can help you reestablish your credit history. If you need to rebuild or establish credit and prefer not to pay a security deposit, don’t plan to carry a balance on your card, and can budget for the associated fees, then the Fit Mastercard may be a suitable choice.
Fit Mastercard Card vs Capital One Venture Rewards
The Capital One Venture Rewards card is a different proposition compared to the Fit Mastercard Card. While the Fit Mastercard targets individuals with less than good credit, the Capital One Venture Rewards card caters to credit profiles from good to excellent (690-850 credit score).
With an annual fee of $95, the Capital One Venture Rewards card offers various benefits to compensate. These include no transaction fee for purchases outside of the United States and travel insurance for travelers. The card also has an initial offer of 75,000 bonus miles for eligible cardholders who spend $4,000 on purchases within the first 3 months. Additionally, cardholders earn unlimited 2 miles per dollar on every purchase.
Ultimately, if you can afford the high annual fee, the Capital One Venture Rewards card provides more benefits compared to the FIT Mastercard. However, if your goal is to rebuild credit, the Fit Mastercard would be a better choice.
Fit Mastercard Card Pros:
- Cardholders may be eligible for a credit limit increase after six months.
- Low eligibility requirements.
- All credit types are welcome to apply.
- Monthly reporting to the three major credit bureaus.
Capital One Venture Rewards Pros:
- High rewards rate.
- Flexible rewards redemption.
- No foreign transaction fees.
- Additional travel benefits.
