Surge MasterCard

[Red1Blue]

Did any one hear about Surge MasterCard ? I received an email today asking me to apply for it.

[hpotterfan77]

Unless it says your are pre-approved, don't do it.  And even if you are, don't do it. Ridiculous fees.

[Red1Blue]

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@hpotterfan77 wrote:

Unless it says your are pre-approved, don't do it.  And even if you are, don't do it. Ridiculous fees.

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Thanks. I am not intrested in applying for it. Just curious what it is all about.

[OmarGB9]

Don't do it. Throw that email into the spam folder. It's a sub-subprime creditor.

[Red1Blue]

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@OmarGB9 wrote:
Don't do it. Throw that email into the spam folder. It's a sub-subprime creditor.

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That is what I am going to do. I have a card from Indigo with very high AF. $99/ Year. I dont want another card like that.  I am going to slowly start closing the account when they hit 1 year mark and they start assessing annual fees.

[coreyb80]

Yeah, if they sent you an offer definitely pass on it.  I have one so this is speaking from experience.  I've had the card a year and a half now.  Started with $500 and now I'm at a whopping $625.  It's definitely SD and only keeping it active until my 13 is completed September 2021.

[Red1Blue]

I read the offer again. It says first year AF is $125 and after that $96/year. Starting second year there is also a $10/month fees in addition to $96/AF. That is steep. It says there might be a security deposit of $50 / $100 / $150 / $500. Interest rate is 29.99%. I am not sure if that is the secured card or unsecured card. Not sure why so much high fees.  I am sending that email to my trash bin.

[OmarGB9]

Yea those predatory cards are LITTERED with fees, no grace period, and ridiculously high interest rates. Definitely trash it and never give it another thought.

[sjt]

Stay away from that card.