While there is no cost to apply for a First Latitude Platinum Mastercard® Secured Credit Card, there is a one-time activation fee of $19.95. The card also charges an annual fee of $25 during the first year, and $35 every year thereafter.

The First Latitude Platinum Mastercard® Secured Credit Card is suited for people who are new to credit or those who’ve had financial trouble in the past and are looking to reestablish their credit scores. Synovus Bank, the card’s issuer, aims to serve all types of credit ratings.

Yes. All account activity and on-time payments are reported to the three main credit bureaus in the country. They use this method to help their clients to keep their credit files up-to-date, which in turn increases their scores over time.

Synovus Bank states that all new applications are processed within 3 weeks or less. If your application has been pending for longer than three weeks, you can contact them via email.