First Digital NextGen Mastercard

Andrew Reyes
A store clerk swipes a credit card into a payment terminal.
  • Annual percentage rate (APR): 35.99%.
  • Purchase intro APR: None.
  • Rewards: None.
  • Annual fee: $75 for the first year, then $48.
  • Late fee: Up to $41.
  • Other fees: One-time program fee of $95.
  • Credit score: Poor to Average (300-701).
  • Apply Today.

Table of Contents


  • Good for borrowers with bad credit: Unlike many other traditional credit cards out there, the First Digital NextGen Mastercard is forgiving if you don’t have the best credit score. Whether you’ve hit hard financial times and are trying to build yourself back up, or just don’t have an extensive credit score yet, this credit card accepts applicants with average and poor credit. Opening a credit card is a good way to start practicing financial responsibility and to build up your credit score with on-time payments.
  • No security deposit required: Many credit cards targeted towards borrowers with poor credit are secured, meaning they require security deposits of several hundred dollars. The First Digital NextGen Mastercard doesn’t require a security deposit, making it an affordable option for borrowers who might not have that much cash on hand.
  • Initial credit limit of $300: This card comes with an initial credit limit of $300. While that may not sound like much, it’s a welcome financial cushion if you’re strapped for cash and looking for a safety net for emergencies. $300 is a common entry threshold for secured cards, but the First Digital NextGen Mastercard is unsecured, offering a compelling alternative for borrowers looking to build up their credit. Borrowers also have the chance to increase this limit over time through a history of on-time payments and responsible borrowing.


  • Very high APR: With an APR of 35.99%, the First Digital NextGen Mastercard has a much higher rate than many other credit cards, secured or otherwise. If borrowers keep a balance on their card, they’ll quickly accumulate interest. For consumers already struggling with poor credit and financial instability, paying off extra interest on top of purchases may make it even more difficult to resolve debt and achieve financial freedom.
  • High fees: An unsecured card for low-credit borrowers doesn’t come cheap. There’s a $75 annual fee for the first year, which falls to $48 for subsequent years. Borrowers are charged a one-time fee of $95 when they open an account. After the first year, they also incur a monthly servicing fee of $8.25 per month. There’s also a late fee of up to $41. Ultimately, borrowers have to consider whether the fees associated with this unsecured card are worth it compared to a more traditional secured card for rebuilding credit.
  • No rewards: The card doesn’t offer any rewards in the form of cash back, points, or other perks, but this is typical of cards for borrowers with rocky credit histories.

What Can You Expect From the First Digital Mastercard?

The First Digital Mastercard has a modest initial credit limit, a high APR, and a variety of fees. However, this card also accepts borrowers with poor to average credit, making it a potentially appealing option for those who don’t qualify for better cards, and who don’t want or cannot initially pay the deposit for a secured card.

Good for Building Credit

This card is a good option for borrowers who have poor credit but are interested in building up their credit score. By using the card responsibly and making on-time payments each month, borrowers can begin to repair their credit. Eventually, borrowers may be able to qualify for a card with additional perks after working to build up their score.

Fees and Costs

The First Digital Mastercard has a variety of fees and costs associated with it. This includes a one-time $95 fee to open an account, an annual fee, late fees, and a monthly servicing fee after the first year. This means that the card probably isn’t the best fit for borrowers who are already tight on cash and struggling to make ends meet, though it may be a viable alternative for those who can’t make the initial deposit on a secured card.

High Approval Odds

Borrowers who are having trouble getting approved elsewhere might want to consider the First Digital NextGen Mastercard. Approval odds are good, even if you have poor credit. While this card might not be the best out there, it’s a good stepping stone on the way to credit cards with more benefits, and provides an opportunity for those with poor credit to build up their score.

Who Should Get the First Digital Mastercard?

The First Digital Mastercard is a good option for borrowers who may not qualify for other cards, and who prefer an unsecured card. Even customers with poor credit will likely qualify, and there’s no security deposit required. This card probably isn’t the best fit for borrowers with average to good credit, who will likely qualify for cards with a lower APR, fewer fees, and more lucrative rewards.

Apply Today for the First Digital NextGen Mastercard.

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