{"id":8861,"date":"2024-12-01T14:11:11","date_gmt":"2024-12-01T14:11:11","guid":{"rendered":"https:\/\/finderica.com\/5-things-to-know-about-the-seen-mastercard\/"},"modified":"2024-12-01T14:11:11","modified_gmt":"2024-12-01T14:11:11","slug":"5-things-to-know-about-the-seen-mastercard","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=8861","title":{"rendered":"5 Things to Know About the Seen Mastercard"},"content":{"rendered":"
\n
\n

The Seen Mastercard, issued by <\/span>Coastal Community Bank<\/span>, is a lower-fee unsecured credit card for those who are invited to apply and are in the process of rebuilding credit. If you\u2019ve received an invitation by mail or email, you can use the offer code on their website to access the application. As of November 2024, the card targets those who have around a 550 to 620 credit score range, according to Brad Mason, head of card risk and compliance at Seen.<\/span><\/p>\n<\/div>\n

\n

Compared to unsecured “fee-harvester” credit cards \u2014 which charge steep annual fees, monthly maintenance fees and account setup fees \u2014 the Seen Mastercard is a more affordable unsecured option. Plus, it has other beneficial features, including comprehensive credit bureau reporting and the potential for a relatively high credit limit. But even still, it may not be the best choice. <\/span><\/p>\n<\/div>\n

\n

For instance, a no-annual-fee <\/span>secured credit card<\/span> can be more cost-effective. While you\u2019ll be required to pay an upfront security deposit for these kinds of products, you can get that money back with a good track record of on-time payments. (This isn’t the case with annual fees.)<\/span><\/p>\n<\/div>\n

\n

Here\u2019s what to know about the Seen Mastercard. <\/span><\/p>\n<\/div>\n

1. It has lower fees compared to cards in its class <\/span><\/h2>\n
\n

Relative to other unsecured credit cards for those with less-than-ideal credit, the Seen Mastercard keeps the fees low. <\/span><\/p>\n<\/div>\n

\n

These are some ways the card stands out: <\/span><\/p>\n<\/div>\n

\n
    \n
  • \n
    \n

    An annual fee between $0 to $75: <\/span><\/span>The annual fee will vary depending on your creditworthiness, but it\u2019s lower than you\u2019ll get with some fee-harvester credit cards that charge annual fees that can cost almost $200. In addition to that cost, some of these cards add on account setup fees and monthly maintenance fees. With the Seen credit card, you don\u2019t have to worry about these excessive costs as you\u2019re trying to rebuild credit.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n

  • \n
    \n

    No foreign transaction fees: <\/span><\/span>Without this fee and as part of Mastercard\u2019s broad network, this card will be a solid travel companion for making purchases abroad.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n

  • \n
    \n

    A $25 late fee:<\/span><\/span> It\u2019s important to avoid paying late to stay on track with credit-building goals, but if you do have a slip-up, the late fee will be lower compared to those from other issuers. Some issuers charge up to $41 as a late payment (as of this writing).\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n

    \n
    \n
    \n
    \n
    \n
    <\/div>\n<\/div>\n<\/figure>\n
    SS rating\u00a0