Fremont Bank Personal World Mastercard 50,000 Point Bonus ($500)

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 50,000 bonus points 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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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.

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.

Chris
Chris

Applied 6/18: No instant approval
– Got the “Thank you for your credit card application. We may need some additional information from you to complete our review” screen.
– Called in and the CSR said my application was with the underwriting team and no additional information was needed.

Today 7/6: Received rejection letter.
– Reason: Unable to verify information.
– Suspect this is because I have no prior relationship with Fremont Bank.

fpc

Declined. Reason: Unable to verify information. Called and was redirected twice from Apex Cardmember Services –> Fremont Bank branch —> some other credit card dept. Was told that because I do not have any existing relationship with the bank, they could not verify my identity and approve the application. Was told I can try applying again, but no guarantees on anything changing. I also offered to provide any possible supporting doc but was told they cannot accept that. Probably will just let this one go…

AD
AD

Same letter.

BW
BW

What a disaster. Cardmember services says to contact Fremont, Fremont says to contact card member services. Each one says they can’t do anything call the other one.

Sexy_kitten7
Sexy_kitten7

I agree. What I suspect is the underwriter is in a back office at Fremont. So someone at Fremont would have to reach out to them on your behalf.

AD
AD

Are you thinking you’ll just wait to hear or do you think it makes sense to contact them (again)? I had the same experience as BW, so I’m not looking to get dizzy all over again.

Sexy_kitten7
Sexy_kitten7

I think I’ll let mine sit for another week. I agree it’s stupid to give people a phone number that doesn’t help them!