MoneyGeek’s Take

Fit Mastercard® Credit Card Review

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ByDoug Milnes, CFA
Reviewed byAlene Laney
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ByDoug Milnes, CFA
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Reviewed byAlene Laney
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Updated: June 13, 2024

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Fit Mastercard® Credit Card

Rewards RateN/A
APR35.90% Fixed
Annual Fee$99 introductory fee for the first year, then $125...
Recommended CreditPoor–Fair
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WHY TRUST OUR REVIEWS

MoneyGeek follows a specific set of methodology and review process where we collect, analyze and compare about 56 different data points for each card and category. Our credit card rankings and recommendations are based on our analysis of Bank of America's (BLS) spending data for each card. Using a spend profile based on the mean American household from the Bureau of Labor Statistics, we projected the expected annual spending across multiple categories of purchases. The output of our calculations determines which credit cards are featured in our 'Best Cards Lists' every month.

One of the most notable Fit Mastercard® Credit Card benefits is that it's designed to help you establish or rebuild your credit, with its low entry barrier in terms of creditworthiness. Also, it reports to the three major credit bureaus. Starting at a $400 credit line, consumers are allowed to request a credit limit increase as early as six months after opening their account. MoneyGeek’s Fit Mastercard® Credit Card review will help you decide if this credit card is suitable for your profile and needs.

Fit Mastercard® Credit Card Overview

Quick Take

  • Apply with poor/limited credit history
  • $89 one-time processing fee
  • $99 annual fee
  • $6.25 monthly fee (waived for the first 12 billing cycles)
  • 3% foreign transaction fee
  • Free access to credit score
  • $0 fraud liability

Important Card Details

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    APR

    Purchases and cash advances are subject to a pretty high variable APR of 29.99% with the Fit Mastercard® Credit Card. In addition, interest is charged on balance transfers and cash advances from the date of the transaction. This APR is subject to change depending on the current prime rate as reported in The Wall Street Journal each quarter.

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    Annual and Maintenance Fee

    The Fit Mastercard® Credit Card charges an annual fee of $99. Moreover, after 12 billing cycles, the cardholder will be subject to a $75 maintenance fee, which translates to $6.25 per month.

    Late and Returned Payment Fee

    Avoid being late on payments and attempting to cover a bill with insufficient funds. Aside from hurting your credit score, which counteracts one of the main purposes of owning this card, it also charges $40 for late or returned payments. Late fees have no grace period. However, if you incur both penalties, you’ll only be charged for one.

Additional Benefits

Other features and advantages of the Fit Mastercard® Credit Card include:

  • Free Monthly Credit Score: When you sign up for e-statements, you'll have access to this feature. You may check your score every month. You can see the impact of timely monthly payments on your credit score, which can be helpful if you're developing credit for the first time or repairing your credit.
  • Authorized User: It's simple to add an authorized user to your card and watch their spending. It will cost $30 for each additional user.
  • Fraud Liability Protection: You won't be held accountable for illegal charges if your card is stolen or used without your permission. This means that you're only liable for the transactions you make with your card.
  • 24/7 Online Account Management: By signing up and receiving your login credentials, you will be able to enroll in the Online Banking Service. Then you'll be able to view your FIT credit information 24/7. It allows you to pay your FIT credit card, view previous statements, examine recent transactions and more.
  • Mobile App: Use the Android or iOS mobile app to manage your account from any mobile device at any time.
  • Monthly Reporting to All Three Major Credit Bureaus: Continental Finance will report your payments to TransUnion, Experian and Equifax, the three major credit agencies.
  • Widely-Accepted Credit Card: Use your Mastercard everywhere Mastercard is accepted.

How the Fit Mastercard® Credit Card Compares To Other Cards

Because of its minimal credit requirements and free monthly credit scores, this card is a contender against many other credit cards for people with bad credit. However, figuring out how it stacks up against other similar cards ultimately comes down to what you prioritize in a credit card.

How the Fit Mastercard® Credit Card Compares

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Fit Mastercard® Credit Card

  • APR: 29.99%
  • Security deposit: $0
  • Annual fee: $99
  • Best for: Individuals with poor credit
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Citi® Secured Mastercard®

  • APR: 27.24% Variable
  • Security deposit: $200
  • Annual fee: $0
  • Best for: Individuals with limited or no credit history

Frequently Asked Questions

What is the average credit score needed to get approved for Fit Mastercard® Credit Card?
Does Fit Mastercard® Credit Card report to all three credit bureaus?
Is the Fit Mastercard® Credit Card application process lengthy? Can you prequalify?
What information is needed to apply for Fit Mastercard® Credit Card?
Does Fit Mastercard® Credit Card have good customer service or helpful information online?
Does Fit Mastercard® Credit Card have a mobile app or the option to pay or manage your account online?
Does Fit Mastercard® Credit Card raise credit limits automatically or charge for limit increases?
Does Fit Mastercard® Credit Card offer the option to freeze your credit/account or have other security features?
Does the Bank of Missouri offer other credit cards besides Fit Mastercard® Credit Card?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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