What states is the OakStone Gold Secured Mastercard® available?

The OakStone Gold Secured Mastercard® is available in all U.S. states.

What is the average credit score needed to get approved for an OakStone Gold Secured Mastercard®?

The OakStone Gold Secured Mastercard® doesn’t have a minimum credit score requirement for applying.

Does the OakStone Gold Secured Mastercard® report to all three credit bureaus?

Yes, the OakStone Gold Secured Mastercard® reports to all three credit bureaus, including TransUnion, Experian and Equifax.

Is the OakStone Gold Secured Mastercard® application process lengthy? Can you prequalify?

No, the OakStone Gold Secured Mastercard® application process is not lengthy. You can apply online using their website.

What information is needed to apply for the OakStone Gold Secured Mastercard®?

The OakStone Gold Secured Mastercard® requires your personal information like your Social Security number, name, date of birth, contact information and financial information.

What is the minimum security deposit?

The minimum security deposit for the OakStone Gold Secured Mastercard® is $200.

What is the maximum security deposit?

The maximum security deposit for the OakStone Gold Secured Mastercard® is $5,000.

Does the OakStone Gold Secured Mastercard® offer upgrades to an unsecured credit card?

No. Oakstone doesn’t offer unsecured credit cards.

Does the OakStone Gold Secured Mastercard® raise credit limits automatically or charge for limit increases?

No, the OakStone Gold Secured Mastercard® doesn’t raise credit limits automatically.

Does the OakStone Gold Secured Mastercard® have good customer service or satisfaction?

Yes, the OakStone Gold Secured Mastercard® has good customer service and satisfaction.

Does the OakStone Gold Secured Mastercard® have a mobile app or the option to pay or manage your account online?

No, the OakStone Gold Secured Mastercard® doesn’t have a mobile app.

Does the OakStone Gold Secured Mastercard® offer the option to freeze your credit/account or have other security features?

No, the OakStone Gold Secured Mastercard® does not offer these security features.

Does Synovus offer other credit cards besides the OakStone Gold Secured Mastercard®?

Yes, Synovus offers the OakStone Platinum Secured Mastercard in addition to the OakStone Gold Secured Mastercard®

MoneyGeek’s Take

OakStone Gold Secured Mastercard® Review

The OakStone Gold Secured Mastercard® is an excellent option for people with bad credit scores who are looking to rebuild their credit. It’s a secured card that offers a competitive APR to cardholders.

Advertising & Editorial DisclosureLast Updated: 11/8/2022

Reviewed By

Brett Holzhauer

Last Updated: 11/8/2022

The OakStone Gold Secured Mastercard® does not have a strict credit score requirement, which means it can help you rebuild your credit history. It charges a $39 annual fee and requires a minimum security deposit of $200.

MoneyGeek’s OakStone Gold Secured Mastercard® review will help you understand the card’s features and benefits, making it easier to decide if it will be the best fit for your needs.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Security Deposit Required
Has Rewarding Welcome Offer
Has APR Offer
Has Balance Transfer Fee
Has Cash Advance Fee

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

OakStone Gold Secured Mastercard® at a Glance

The OakStone Gold Secured Mastercard® charges one of the lowest APRs when compared to other cards in the same category, which helps you save money. It also reports your credit history to the three credit bureaus. If you want to rebuild your credit, this card is essential.

OakStone Gold Secured Mastercard®
A secured credit card meant for people with poor or no credit histories
- None-PoorRecommended Credit
- $39Annual Fee
- $200Min. Security Deposit
- 3# of Reporting Bureaus
- 14.74%APR
Pros
Apply with poor or no credit history
Reports to all three credit bureaus
Credit limit of $200 to $5,000
No credit inquiry when you apply

Cons
Requires a security deposit
Annual fee of $39
Foreign transaction fee of 3%
High late payment fees
Expedited processing service fee of $19.95
$39 annual fee
Apply with poor or no credit history
Reports to Experian, Equifax and TransUnion
Credit limit varies from $200 to $5,000
3% foreign transaction fee
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated cards from our partners.

Pros & Cons Explained

MoneyGeek explained the pros and cons of the OakStone Gold Secured Mastercard® to help you decide if this card offers features that can help you improve your financial health.

Pros

Benefits
Description
Low APR
This card charges a variable APR of 14.24%, which is relatively low compared to other cards in the same category.
No minimum credit score requirement
You don’t need to have a good credit score to get approved for the OakStone Gold Secured Mastercard®.
Easy application process
OakStone Gold Secured Mastercard®’s application is easy and simple. It allows you to submit your application online.

Cons

Drawbacks
Description
No rewards program
This card doesn’t offer a rewards program, unlike other secured cards that offer cash back rewards.
Annual fee
This card has a $39 annual fee.
Foreign transaction fee
The card charges a 3% foreign transaction fee.

INTERESTED IN COMPARING THE BEST CREDIT CARDS OF 2022?

MoneyGeek didn’t feature this card in our roundup of the best secured credit cards for your wallet in 2022. You can review the list to explore your options and see if any other card better fits your financial needs.

Other Features Explained

MoneyGeek analyzed the OakStone Gold Secured Mastercard®’s features and explained them to help you determine if applying for this card is worth it.

Card Feature
Description
Low interest rates
The OakStone Gold Secured Mastercard® has lower interest rates than many other cards in the same category, which can help you save money if you tend to carry a balance.
Flexible credit limit
This card allows you to set your credit limit anywhere between $200 to $5,000.
Reports to major credit bureaus
The card reports to the three major credit bureaus, including TransUnion, Experian and Equifax, which is essential if you want to rebuild your credit history.

MONEYGEEK QUICK TIP

Even if you have a bad credit score or no credit history, you can apply for this card. This makes it a great option to help build or rebuild your credit.

Understanding the Fine Print

Understanding the fine print of the OakStone Gold Secured Mastercard® can give you an idea of the various fees charged by this card. In turn, this can help you save money in the long run.

Card Feature
Amount or Rate
APR
14.74%
Annual Fee
$39
Min. Security Deposit
$200
Balance Transfer Fee
Unspecified
Balance Transfer APR
Unspecified
Late Fees
$40.00
Cash Advance Fee
3%
Cash Advance APR
16.74%
Foreign Transaction Fee
3%

Annual fee
The OakStone Gold Secured Mastercard® charges a $39 annual fee. It’s normal for secured credit cards to charge an annual fee.
Foreign transaction fee
If you use the OakStone Gold Secured Mastercard® internationally, you would have to pay 3% of each transaction.
Regular APR
This card charges a variable APR of 14.24%, which is relatively lower than other cards in the same category
Late fee
You’ll pay a late fee of up to $41 if you’re late when making a payment.

HOW TO FIND THIS INFORMATION ON YOUR OWN?

The best resource for this information is your credit card issuer’s website, mobile app, your latest billing statement or the credit card agreement database maintained by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider OakStone Gold Secured Mastercard®?

Other Considerations for OakStone Gold Secured Mastercard®

Since your spending habits and whether or not this is your first credit card may impact how you use it, it’s best to keep the following considerations in mind before deciding to apply.

Things to Consider if This Will Be Your First or Only Credit Card

If the OakStone Gold Secured Mastercard® is the only card in your wallet or your first card, you can use it for your everyday purchases. This will positively affect your credit history and help you rebuild your credit score.

Also, you won’t have to worry about paying off your balance in full every month, as this card has one of the lowest interest rates among its competitors.

This is also a good first card since you don’t need any credit to apply for it.

Things to Consider if This Will Be an Additional Card in Your Wallet

If the OakStone Gold Secured Mastercard® is an additional card in your wallet, you can use it simultaneously with other secured credit cards to rebuild your credit history without worrying about reaching your credit limit.

However, it would be best if you didn’t use it while traveling internationally, as this card charges a high foreign transaction fee.

WHY TRUST OUR REVIEWS:

At MoneyGeek, we follow a six-step process to review credit cards. Our methodology involves collecting credit card information, standardizing data points, analyzing potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.

How OakStone Gold Secured Mastercard® Compares to Other Cards

The OakStone Gold Secured Mastercard® offers a 14.24% APR, which is lower than other cards in the same category. However, it charges a foreign transaction fee and an annual fee. There are other cards in the same category that don’t charge annual or foreign transaction fees. As a result, you might want to consider other options if you want to rebuild your credit.

Quick Comparison of OakStone Gold Secured Mastercard®

OakStone Gold Secured Mastercard®

Annual fee: $39
Purchase APR: 14.24%
International transaction fee: 3% on each transaction
Rewards rate: Not offered
Best for: People with bad or no credit scores who are looking to rebuild their credit history

Capital One Platinum Secured Credit Card

Annual fee: $0
Purchase APR: 27.24%
International transaction fee: $0
Rewards rate: Not offered
Best for: People with bad credit scores who are looking to rebuild their credit history with a card that offers multiple security deposit options

Other Helpful Decision-Making Q&As

MoneyGeek researched the following frequently asked questions about the OakStone Gold Secured Mastercard® to help you make a more informed decision about whether or not it’s the right card for you.

Still not sure about this card? Consider these options.

The OakStone Gold Secured Mastercard® is a good choice if you’re looking to rebuild your credit history with a card that charges a low-interest rate. However, if you want to explore other options, you can look at MoneyGeek’s list of the best credit cards for people with bad credit.

View All Credit Cards

Learn more about credit cards in general

sources

Oakstone. "OakStone Gold Secured Mastercard." Accessed April 11, 2022.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.