Accepted Credit Scores
Limited History, Bad Credit
OakStone Gold Secured Mastercard®
Editor’s Take
John Kiernan, Credit Card Editor
September 20, 2021
Review: OakStone Gold Card
The OakStone Gold Secured Mastercard® is a pretty good option for low-cost credit improvement, charging an annual fee of $39 and reporting account information to the three major credit bureaus each month. The OakStone Gold Secured Mastercard® also is better than the OakStone Platinum Secured Mastercard® for people who plan to pay their bill in full every month. In that case, the Gold card’s lower annual fee trumps the Platinum card’s lower APR.
Below, you can find more information to help you decide whether applying for the OakStone Gold Secured Mastercard® is a good move in your situation.
The OakStone Gold Secured Mastercard® interest rate is 13.99% (V), well above the 9.99% (V) charged by the OakStone Platinum Secured Mastercard®. Both rates are below-average for a credit card offer overall, however.
The OakStone Gold Secured Mastercard® requires a refundable security deposit of OakStone Gold Secured Mastercard® to $5,000. The amount you deposit will be your spending limit, and you will get the money back after bringing your balance to $0 and closing the account.
The OakStone Gold Secured Mastercard® does not reward cardholders for making purchases, like most credit cards for people with bad credit.
The OakStone Gold Secured Mastercard® reports account details to TransUnion, Experian and Equifax each month. Responsible use of the card will therefore result in positive information being added to your credit reports, which will improve your credit score. You can track your progress with free daily credit score updates from WalletHub.
The OakStone Gold Secured Mastercard® is currently unavailable to applicants in Arkansas, Iowa, New York and Wisconsin.
Below, you can find more information to help you decide whether applying for the OakStone Gold Secured Mastercard® is a good move in your situation.
OakStone Gold Secured Mastercard Review Highlights
Lower Annual Fee Than Platinum
The OakStone Gold Card annual fee is $39. For comparison, its sister card, the OakStone Platinum Secured Mastercard® charges $49. In addition, the average annual fee among new credit card offers is currently $20.
Higher APR Than Platinum
The OakStone Gold Secured Mastercard® interest rate is 13.99% (V), well above the 9.99% (V) charged by the OakStone Platinum Secured Mastercard®. Both rates are below-average for a credit card offer overall, however.
$200+ Security Deposit Needed
The OakStone Gold Secured Mastercard® requires a refundable security deposit of OakStone Gold Secured Mastercard® to $5,000. The amount you deposit will be your spending limit, and you will get the money back after bringing your balance to $0 and closing the account.
No Rewards
The OakStone Gold Secured Mastercard® does not reward cardholders for making purchases, like most credit cards for people with bad credit.
Monthly Credit-Bureau Reporting
The OakStone Gold Secured Mastercard® reports account details to TransUnion, Experian and Equifax each month. Responsible use of the card will therefore result in positive information being added to your credit reports, which will improve your credit score. You can track your progress with free daily credit score updates from WalletHub.
Not Available in Select States
The OakStone Gold Secured Mastercard® is currently unavailable to applicants in Arkansas, Iowa, New York and Wisconsin.
This OakStone Gold Card review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
September 20, 2021
OakStone Gold Card's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| $0 |
| ANNUAL FEE
|
| $39 |
| MONTHLY FEE
|
| $0 |
| REGULAR RATE
|
|---|
| 13.99% (V) |
| GRACE PERIOD
|
| 25 days |
OakStone Gold Card's Highlights
| Credit lines available from $200 to $5,000! Low 13.99% variable interest rate on purchases - with no penalty rate! |
| No minimum credit score requirements! We invite all credit types to apply! No processing or application fees! |
| Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by Experian |
| Helps strengthen your credit with responsible card use. Reports to three national bureaus |
| Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line. |
| Nationwide Program though not yet available in NY, IA, AR, or WI |
| Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined. |
| See website for additional Oakstone Gold Secured Mastercard® details |
| Offer not guaranteed |
OakStone Gold Card's Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
$0 |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
3% |
| SMART CHIP
|
No |
-
CASH ADVANCE APR
19.99% (V)
-
CASH ADVANCE FEE
3% (min $10)
- Last updated on 9/20/2021
at First Progress' secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about OakStone Gold Secured Mastercard® to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
What's the Oakstone Gold Secured card payment address? Reply 3votesvotes
Evelyn Boros
@evelyn_boros
The OakStone Gold Card’s payment address is:
First Progress
P.O. Box 9053
Johnson City, TN 37615-9053
When paying your credit card bills by mail, always make sure they’re sent at least 5-7 days before your due date. This is important because mail payments take the longest time to process, and that way you can avoid being charged late fees.
For faster processing, submit your payments online, or by calling (888) 403-4783.
3
Upvotes
How can I pay my Oakstone Gold Secured card's deposit? Reply 3votesvotes
Sydney Garth
@sydneygarth
You can pay your OakStone Gold Card’s deposit online, by following the instructions sent to you via email upon approval.
If you’d rather pay over the phone, call (888) 403-4783.
3
Upvotes
Does OakStone Gold Secured report to all bureaus? Reply 3votes1votes
Faith Reeves
@faith_reeves
Yes, the OakStone Gold Card reports to all major credit bureaus TransUnion, Experian and Equifax every month. So don’t forget to always pay your bill before its due date.
3
Upvotes
How can I reach the OakStone Gold Secured card customer service? Reply 2votesvotes
Maria Adams
@m_adams
You can reach the OakStone Gold Card’s customer service:
- Online from your account
- By calling (888) 403-4783 or the number on the back of your card
- Via mail at the following address:
Oakstone Card
P.O. Box 9053
Johnson City, TN 37615-9053
2
Upvotes
How can I pay my Oakstone Gold Secured card? Reply 2votesvotes
Maria Adams
@m_adams
You can pay your OakStone Gold Card:
- Online
- Over the phone at (866) 706-5543
- Via mail using the payment address listed on your billing statement
2
Upvotes
How does the OakStone Gold Secured card's rental car insurance work? Reply 2votes2votes
Anna Weaver
@anna_weaver
The OakStone Gold Card doesn’t offer rental car insurance. But secured cards usually have lower credit limits, and aren’t ideal for car rentals, anyway.
2
Upvotes
Does OakStone Gold Secured do a hard pull? Reply 2votesvotes
Clarence Williams
@clarence_w
Yes, the OakStone Gold Card does a hard pull for applications.
But you could get approved for it regardless of your credit score, as long as you don’t have a pending bankruptcy on your record, and meet the issuer's income and identity verification requirements.
2
Upvotes
Does OakStone Gold Secured have a mobile app? Reply votesvotes
Alex Johnson
@alex.johnson2
No, OakStone Gold Card doesn't have a mobile app. If you want to manage your payments, view your statements, or edit your account information, you'll need to sign in to your online banking account. If you don't have an account yet, you must enroll first.
0
Upvotes
Can I rent a car with my OakStone Gold Secured card? Reply votesvotes
Theo Frank
@frankth19
Yes, you can rent a car with your OakStone Gold Card at any rental company that accepts Mastercard. However, using a secured card for this purpose isn't the best idea. That's because secured cards usually have lower credit limits.
If your credit limit isn't high enough or you don't have an unsecured card you can use instead, there are some alternatives. Check out our article about renting a car without a credit card to learn more.
0
Upvotes
How can I add an OakStone Gold Secured card authorized user? Reply votesvotes
Evelyn Boros
@evelyn_boros
You can add an OakStone Gold Card authorized user from your online banking account.
Unlike with most credit cards, authorized users for the OakStone Gold Card won’t receive a credit card of their own and won’t be reported to the major credit bureaus (TransUnion, Experian, and Equifax) either. They will only be able to legally use your account for purchases and check the account’s balance.
0
Upvotes
OakStone Gold Card Video Review
OakStone Gold Card Reviews
Share your insights and review the OakStone Gold Secured Mastercard®.
Jul 27, 2021
Have not received my card (approved JUNE 1st 2021. It is now JULY 28th 2021. How can you submit online when you haven't gotten an online ID or password. Why is there not a customer service number? Are you saying you ONLY deal with correspondence? ARE YOU KIDDING ME, what is the middle-ages?
Comment
Apr 06, 2021
Another subprime credit card, brought to you by.... First Progress. Yep, this is another shady card from First Progress. If you don't know anything about First Progress research them before you apply and you will see why everyone avoids them like the plague. There are a lot of better options out there, DO NOT SIGN UP FOR THIS CARD.
Apr 06, 2021
If you try to call them all of their representatives will tell you they do not know what OakStone is. So did I just sign up for a non-existent credit card??? My deposit was taken out of my account but this company literally has zero customer service at all. This was not worth the headache at all, go with OpenSky. OpenSky answers fast and has representatives you can actually call.
Apr 06, 2021
OakStone is a First Progress Credit Card, the worst out there. They will charge you TONS of unauthorized fees without your consent. Their own customer service representatives don't even know OakStone is one of their cards, what a joke. If you want to get stolen from and deal with incompetent people this is the card for you.
Apr 06, 2021
This is First Progress, it's just new branding, DO NOT USE IT. They will charge you the $20 "expedited fee" even if you do not want it expedited. Lastly, when you call up (888) 403-4783 no one even knows OakStone Gold Secured Mastercard is, totally pathetic.
Apr 06, 2021
*** CONSUMER BEWARE *** They will charge you unauthorized fees! This card is through FirstProgress. Their customer service representatives do not even know OakStone card is one of their cards! Avoid at all costs ***
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Last updated on: Sep 20th, 2021 at 13:07 ET
Related Credit Cards
If you are interested in the OakStone Gold Secured Mastercard®, check out the following credit cards as well:
Related Credit Card Categories
OakStone Gold Card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Sep 20th, 2021 at 13:07 ET