Fremont Bank Personal World Mastercard $500 Cashback

Update 5/23/22: Fremont has reached out to say that this is not available nationwide and you either need to have an established relationship with the bank or non-clients need to visit one of the branches locations to validate identity

Update: Reader Tom tells us that this is available nationwide (not restricted to CA). Also updated below that the annual fee is waived for the first year.

The Offer

Direct link to offer

  • Fremont Bank Personal World Mastercard is offering a bonus of $500 after $5,000 in spend within the first three months

Card Details

  • Card earns at the following rates:
    • Earn 3 points for every dollar spent on travel (airfare, hotel, car rental) and dining, and
    • Earn 2 points on gasoline
    • Earn 1 point on all other purchases
  • Points are worth 1¢
  • $95 annual fee is waived first year

Our Verdict

Reader Tom T who sent this in asked why this wasn’t list on the best credit card bonus page. The simple answer is that we didn’t even know it existed (please share any good deals you find with us!) They pulled Experian for him and his partner with 25 new accounts in the last 24 months. Very good deal if you can get approved (they did have an existing relationship with Fremont Bank). Fremont Bank has offered checking bonuses in the past.

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Juan M Gonzalez
Juan M Gonzalez

Applied today in branch & approved. Took less than 15 minutes.

DTT
DTT

Applied on 5-4-22. Declined on 5-9-22. 800+ score all 3 bureaus. Reason = not a bank customer. So this is not really nationwide. Please update info.

Jun
Jun

So should we apply for a checking or savings before applying to receive a credit card?

Matt
Matt

I applied for a savings account after getting the no relationship CC rejection. No email confirmation, no call, nothing. I live like two miles from a branch. Do I really need to walk in?

JJ
JJ

I applied last week (from CA), no email confirmation from them. I called today to check on my status. The rep told me “Declined”
Reason: I am not Fremont Bank customer. WTH! Such a waste of my pulled credits.

DTT
DTT

They didnt pull my credit.

LL
LL

Declined, unable to verify infomation. I even have 2 mortgage with them. Don’t waste your time.

Turd Ferguson
Turd Ferguson

Been following this thread for a while and finally was able to get a hold of someone in the contact center at Fremont Bank who seemed like they knew what they were talking about.

The post above claiming this is not limited to CA is pretty misleading. When you apply for the card, Fremont is using their existing client database to validate application information. If you are a non-client. application is going to get declined before they can even pull credit, because there is no way for them to know who the applicant it. The only way around this is to establish a relationship (currently limited to CA if online) or visit a branch (even more restrictive than opening an account, as they are only located within the SF Bay Area).

Given the above, this post should probably be edited significantly as anyone outside of CA is going to have a pretty difficult time getting approved.

raj
raj

With given the number of DPs this should be removed from list or add caution to title…although readers may be going through comments before applying one. Waste of time & a hard inquiry on reports.

Mark
Mark

I called 855-686-3478 btwenn 9 and 4 blah blah. Lady was rude af, but told me i wasn’t a banking customer.

The LETTER shows 855-401-4743. I am going to try to call them.

Sexy_kitten7
Sexy_kitten7

Ok this is ridiculous. I’m filing cfpb. Not sure what good it’ll do but if they want to waste my time, I’ll waste theirs!

Mark
Mark

seriously? move on.

Steven B
Steven B

Keep them honest. Keep filing!

Francisco
Francisco

Application was declined…Received the unable to verify information letter.
Applied from Texas, I didn’t bother to call them.
I’m just adding this as data point.

AS
AS

Rec’d the “unable to verify information” letter. I’m guessing this is the end of the road.