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FIT Platinum Mastercard Review: Is It Worth It?

FIT(TM) Platinum Mastercard® review
  • The FIT™ Platinum Mastercard® helps you build credit without making a security deposit to secure your initial credit limit.
  • This card does have some relatively high fees, including an annual fee, monthly maintenance fee and initial processing fee.
  • The lender reports to all three credit bureaus, so your timely payments can help you build your credit history.
  • Those who are willing to make a security deposit have other options that may be less expensive in the long run.

The FIT Platinum Mastercard application process is fast and easy, and if you can move beyond the relatively hefty fees associated with this card, you can gain credit-building benefits. 

Read the entire review of the FIT credit card below to find out:

  • What benefits you can get with this card
  • How much the card will cost in terms of fees
  • Whether there are other options to consider for building your credit

With this information, you’ll be able to decide if the FIT Platinum Mastercard is the best credit card for you.

Pros & Cons


  • Doesn’t require a security deposit
  • Reports to 3 main credit bureaus
  • Possible credit line increase after 6 months


  • No rewards
  • Expensive fees
  • Low credit limit
FIT(TM) Platinum Mastercard®
Key Information
No rewards. Unsecured card with required $89 sign-up fee and $400 starting credit line. $99 annual fee & $6.25 monthly maintenance fees.

Is the FIT Mastercard worth it?

The FIT™ Platinum Mastercard® may be worth it if you want to build credit and don’t have the upfront cash to make a $400 security deposit with another card. You can get approved for this card with a fairly low credit score, and accounts are considered for a credit line increase after six months.

These pros and cons can help you decide if getting this card is worthwhile.

Pros and Cons of the FIT™ Platinum Mastercard®

  • You don’t need good credit to get approved
  • No security deposit required
  • Potential credit line increase in six months
  • The annual fee is relatively high for this type of card
  • You also pay a monthly maintenance fee
  • While you don’t have to make a security deposit, you do pay a one-time processing fee

Learn more about the FIT™ Platinum Mastercard® 

FIT Mastercard benefits

The FIT Mastercard offers several benefits for approved cardholders.

Benefits include:

FIT Mastercard rewards

The FIT Card doesn’t offer any rewards, such as cash back or points accumulation. This is fairly standard for credit cards designed for people with bad credit. There are only a few rewards card options on the market, and those cards may be more difficult to get than the FIT Mastercard and the rewards are often minimal.

FIT Mastercard fees, rates & limit

While the FIT Mastercard is an unsecured credit card, there are some fees and expenses to consider before you apply for an account.

FIT Mastercard fees

You’ll need to pay a one-time processing fee of $89 before your account is fully set up and you can use your card. 

After that, you’ll pay a variety of ongoing fees, including:

FIT Mastercard interest rates

Understanding the interest rate you may pay if you carry balances from statement to statement is important. It helps you know how much your credit card debt may end up costing and can help you decide between multiple credit card products. 

The FIT Mastercard offers the following interest rates:

FIT Mastercard credit limit

Approved FIT Mastercard account holders begin with a credit limit of $400. If you make your payments on time for the first six months, you’re automatically considered for a credit limit increase. If the increase is approved, your credit limit goes up to $800.

Always consider how fees and other factors may impact your available credit. Since your first annual fee is charged to your credit card account immediately, you’ll start out with a balance of $99. That means your available credit limit is only $301. If you opt for a second card because you want a spouse or someone else to have one, you also have to pay an additional $30 card fee right away. In that case, you’d only have $271 in available credit until you pay down the balance.

How the FIT Mastercard compares

When compared to the overall market of credit-building credit cards, the FIT Mastercard can be thought of as mediocre. The fact that it doesn’t require a security deposit is a stand-out feature. However, the high annual fee, initial processing fee and monthly maintenance fee makes it a fairly expensive card to hold in your wallet.

FIT Platinum Mastercard vs. Capital One Platinum Secured Credit Card

The Capital One Platinum Secured Credit Card requires an upfront deposit. However, unlike other secured credit cards, the amount you must deposit depends on your creditworthiness and may be $49, $99 or $200.

A potentially low deposit and no annual fee could make this card less expensive than the FIT Platinum Mastercard. You can also earn back your initial deposit by managing your account well — or get it back when you close your account as long as your balance is $0. In the case of the FIT Platinum Mastercard, you don’t get the initial processing fee back.

The Capital One card does have a slightly higher interest rate at 30.75 variable APR on purchases. However, depending on how much of a deposit you can make, your initial credit limit can be up to $1,000, and there’s a path for upgrading to an unsecured card with responsible account management.

You can learn more about this card with our Capital One Platinum card review.

FIT Platinum Mastercard vs. OpenSky Secured Visa Credit Card

If you want a credit-building credit card that doesn’t require a credit check, the OpenSky® Secured Visa® Credit Card may be a better option than the FIT Mastercard. You’ll need to deposit at least $200 to secure your credit limit, but the OpenSky Secured Visa offers better terms. The APR is 25.64% variable and the annual fee is only $35. The OpenSky card is also one of the easiest bad debt credit cards to get approved for, and it offers a path to upgrade to an unsecured credit card in the future.

Learn more about this card with our complete OceanSky Secured Visa review.

FIT Platinum Mastercard vs. Chime Secured Credit Builder Visa Credit Card

The Chime Secured Credit Builder Visa is another option that doesn’t require a credit check, and it doesn’t have an annual fee or interest. While those factors may make you think the Chime product is an easy pick over the FIT Platinum card, there is a downside. The Chime secured credit card is designed to be used with a Chime checking account to build credit. You move money from your Chime checking account to create a credit limit on the card, and then you can use that available credit to make purchases.

Is the FIT credit card right for me?

The FIT credit card may be a good choice if you don’t have great credit but you want to avoid paying a deposit to secure a credit card. 

Unfortunately, the fees on this card are quite high compared to some competitors. However, you can pay most of the fees with the credit available on your card instead of having to come up with $200 or more to secure a credit limit. 

If you don’t think the FIT credit card suits your exact needs, consider these other card options for building and establishing credit:

How to apply for the FIT credit card

You can learn more about the FIT Platinum Mastercard and apply onlineat your convenience.

The application requires the following:

The lender pulls your credit report during the application review process, and most applicants receive an answer about approval in seconds. In some cases, the lender may need additional information or clarification from you, and that can increase the time it takes to find out about approval.

While this is a credit-building credit card, you do need a fair credit score to get approved. While the lender may approve applicants with lower scores, you likely need a score of 580 or higher.

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FAQ: FIT Mastercard

Should I get the FIT Mastercard?

Whether this credit card is right for you depends on your personal preferences and unique financial situation. However, it’s important to consider the high fees and your other available options before you apply for this card. You may be able to find another credit-building card with a more attractive fee structure, even if you have to make a deposit to secure the credit limit.

What credit score is needed for the FIT Mastercard credit card?

Generally, you need a fair credit score or better to get approved for this card. That means a score of 580 or higher. However, depending on other factors related to your credit history and personal finances, you may get approved for the card with a lower score. Alternatively, you might also be denied for the card even if you have a higher score.

How do I check my FIT Mastercard application status?

Most applicants will get a status update, including an approval or denial, almost immediately after submitting their credit card application. However, if you don’t get a yes or no right away, you can call the customer service number on the website where you applied to find out about the status of your application. You can also follow any instructions for checking application status that are provided to you via email or at the time you submit your application.

What is the FIT Mastercard credit limit?

The initial credit limit for the card is $400. Accounts can be considered for a credit limit increase after six months. The credit limit increase, if approved, increases the total available credit to $800.

What bank issues the FIT Mastercard?

The FIT Mastercard is issued by the Bank of Missouri.

Sarah Stasik
Sarah Stasik Personal Finance

Sarah Stasik is well versed in personal finance thanks to her previous role as a Revenue Cycle Manager for a Fortune 500 healthcare company. Using her inside knowledge and expertise, Sarah often covers topics ranging from insurance and the economics of private healthcare to personal finance and small business management.

Over the past 12 years, Sarah has contributed to numerous publications in the personal and small business finance sector, including content on budgeting, bankruptcy, small business accounting, and financial tech. Her writing focuses on making complex or seemingly daunting financial topics more accessible and providing helpful, relevant resources for readers.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.