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The Mercury Mastercard by First Bank & Trust is a rare option for those rebuilding or starting credit.
It’s targeted at people who may not have access to premium cards, offering a more flexible entry point into the credit system without the need for a security deposit or extensive credit history.
It’s not marketed as a rewards card or luxury travel tool. Instead, it focuses on core functionality—allowing users to make everyday purchases, manage payments digitally, and build credit through consistent use and timely payments.
For many, this makes it a strategic choice in their financial recovery or credit-building journey.
It’s an unsecured card that doesn’t overpromise. While it lacks many of the extras seen in high-end products, it offers what matters most at this stage: a fair chance, transparent structure, and the tools needed to move forward.
Mercury® Mastercard® by First Bank & Trust
No security deposit required High APRHow does the Mercury® Mastercard® by First Bank & Trust work?
This card is designed to be simple and easy to manage. It functions like a standard credit card: users receive a credit limit upon approval, and they can make purchases anywhere Mastercard is accepted, both online and in-store.
Each month, the user receives a statement and must make at least the minimum payment, with interest applied to any unpaid balance.
Unlike secured cards, the Mercury Mastercard does not require an upfront cash deposit. Instead, creditworthiness is assessed through pre-screening or a soft credit check that does not affect your score.
Many users receive invitation codes, allowing them to apply more easily and with a higher chance of approval based on previous financial behavior.
All usage is reported to the major credit bureaus, which is a key benefit. Responsible use, including on-time payments and keeping balances low, can help users improve their credit score over time.
The issuer also provides access to your FICO score and account management tools through its app and website, helping users stay informed and in control.
Main benefits of the Mercury® Mastercard® by First Bank & Trust
One of the most valuable aspects of this card is that it provides access to unsecured credit without requiring perfect credit.
It is often available to individuals who might otherwise only qualify for secured cards. This gives cardholders the opportunity to work toward rebuilding their credit without tying up money in a security deposit.
Another benefit is the straightforward digital platform that allows users to view transactions, check balances, and pay bills online or through the mobile app.
These tools make it much easier to manage a credit card responsibly and avoid missing payments—something especially helpful for those rebuilding trust with lenders.
Many cardholders also appreciate the transparency of the card. Depending on your offer, it may come with no annual fee, and there are no hidden charges buried in the terms.
The absence of complex features makes the card easier to use and understand, which reduces the chances of making costly mistakes.
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Cons of the Mercury® Mastercard® by First Bank & Trust
While the card is accessible, it does come with some drawbacks. One of the biggest is the relatively high annual percentage rate (APR), which can make carrying a balance expensive.
This is common among cards designed for credit rebuilding, but it means users need to be cautious and aim to pay off their balances in full each month.
Another limitation is the lack of a rewards program. Unlike many credit cards that offer cashback, points, or travel perks, the Mercury Mastercard doesn’t provide any such incentives.
For users looking to earn from their spending, this can be a significant disadvantage, especially once they’ve improved their credit.
Lastly, the application process can be restrictive. Many applicants must receive a pre-approved offer or invitation code to apply.
This limits access for people who haven’t yet been targeted, even if they might benefit from the product. It also lacks premium protections such as rental car coverage or extended warranty benefits.
APR and Fees
The Mercury Mastercard typically carries a variable APR that may be considered high when compared to traditional cards.
The exact rate depends on the user’s credit profile and can increase significantly if balances are not paid off monthly. For users who tend to carry debt, this can result in rapidly compounding interest.
There is no required annual fee for many approved applicants, but others may be assigned a modest fee depending on their creditworthiness.
It’s important to carefully review the terms of your offer before accepting, as these details can vary based on the individual application.
Balance transfers are not typically supported, and foreign transaction fees may apply.
These small but significant costs can add up, especially for users who travel or make purchases from international merchants. Reviewing the fee schedule in advance is crucial to avoid surprises later.
How to apply for the Mercury® Mastercard® by First Bank & Trust
Most applications begin with a pre-approved offer, which arrives by mail or email with a reservation code.
This invitation allows the recipient to apply through the Mercury Cards website by entering the code and completing a short form. The process includes submitting basic financial and personal information.
Once submitted, applicants often receive a near-instant decision. If approved, the card is mailed to the address provided and typically arrives within 7–10 business days.
After activation, users can begin making purchases and managing their account online or via the mobile app.
To use the card effectively, it’s recommended to set up payment reminders or enroll in autopay. Monitoring the FICO score included with your account can also help you track progress and stay motivated as your credit improves.
Over time, responsible use of the Mercury Mastercard can serve as a stepping stone to better financial products and stronger credit health.
