Question 1

Who is the Surge Credit Card designed for?

Accepted Answer

The credit recovery card is designed for individuals with less-than-ideal credit profiles, including those with low credit scores, a history of bankruptcy, or those looking to rebuild their credit.

Question 2

What is a soft pull through Experian?

Accepted Answer

A soft pull is a credit inquiry that does not negatively affect your credit score. In the case of the Rebuilding Credit, the application process involves a soft pull through Experian, meaning that checking your eligibility won't harm your credit score.

Question 3

How does the Surge Credit Card's initial credit limit work?

Accepted Answer

The credit recovery card typically starts with an initial credit limit as low as $300. However, with responsible credit management, such as making on-time payments and keeping your credit utilization low, this limit can double to $2,000 within six months.

Question 4

Does the Rebuilding Credit report to all three major credit bureaus?

Accepted Answer

Yes, one of the significant benefits of the Rebuilding Credit is that it reports your financial activity to all three major credit bureaus: Experian, Equifax, and TransUnion. This reporting can help improve your credit history over time.

Question 5

What are the key fees associated with the credit recovery card?

Accepted Answer

The credit recovery card has several fees to be aware of, including an annual fee (which varies based on your creditworthiness), a monthly maintenance fee of $10, an additional card fee of $30 if you need an extra card, and a late payment fee of $41 for missed payments.