OakStone Platinum Secured Mastercard® is a credit card that provides you the opportunity to build credit. As well as gives you the chance to feel what’s like to have a platinum level card.

With a relatively low annual fee, it doesn’t require minimum credit score and it has one of the lowest APR in the market.

But, as other secured credit cards, it needs a cash deposit of at least $200. This will be used as credit limit, and can be up to $5,000.

In addition, it doesn’t provide you any reward program or welcome bonus, such as other secured credit cards.

As its sibling OakStone Gold Secured Mastercard® credit card, they are not available in some states.

However, since it reports to the three nationwide credit bureaus, it ensures you a good way to rebuild credit. 

The main advantage of OakStone Platinum Secured Mastercard® credit card is promoting the opportunity for you to potentially build your credit score.

As it reports to all major credit bureaus, it ensures you can develop a credit history.

Although the security deposit is required, you will be refunded if decide to close your account. But, note that you will only be able to do that if you have no outstanding debt.

Also, this deposit amount works as your credit limit, which is a good feature as other secured credit cards don’t usually have high credit line option.

On the other hand, this card doesn’t offer rewards, perks or welcome bonus.

The great deal about this card is that you don’t need to prove a good credit history to apply for it. As a result, you can build your credit score by using it.

Also, it has low rates and a high credit limit, from $200 to $5,000.

Besides, it gives you the 25-day grace period. For example, if you pay off the card balance in this period, you will not be charged interest. 

Your credit score doesn’t have to be good for you to get your credit card. 

So, if you have bad or don’t have credit history, maybe this card is for you!

Now that you know all about credit card, read our post on how to apply for it!