Reflex Mastercard is a credit line that's specifically for those with low credit scores. The Reflex Mastercard will double your credit limit in six months. However, you must have a checking account in order to be approved. The annual fee is small. Learn more about this credit card to bad credit.
Reflex Mastercard, a credit card that is available to people with bad credit, is the Reflex Mastercard
Reflex Mastercard, a credit card for people with bad credit, is available. You can get a $200-$1,000 credit card limit, as well as a low rate credit line. This amount is increased automatically after you make six monthly payments. Reflex Mastercard is the only card that offers this benefit. Unfortunately, the card is subject to high fees and an additional annual fee.
The Reflex Mastercard is not ideal for those with bad credit. While the initial credit limit for the card is very low, the interest rate can be quite high. Eligibility is subject to strict criteria, including a credit check and a review of your credit history. You can apply for pre-qualification if you have concerns about your credit history.
After 6 months, it doubles your credit limit
Reflex Mastercard creditcard offers credit limit growth after six months with on-time payments. This feature can help you improve your credit utilization and save you money on interest costs. For each authorized user, the credit card has an annual $30 fee. You should pay the entire balance each month to avoid paying high interest rates.
The Reflex Mastercard is an unsecure credit card. It is not for people with great credit. Instead, it is designed for those with a low credit score and an average credit limit of $1,000. If you follow the instructions, and keep good financial habits, your credit limit could double in six months. Additionally, the card transmits your payment and balance history directly to all three credit agencies.
It charges an annual fee
Reflex Mastercard is charged a $30 annual fee. However, after six months of on-time payments, your credit limit will be increased automatically. This is an important feature if you are concerned about your credit utilization. If you don't make your payments on the due date, you could end up paying late charges. These late fees can add almost 30% to your balance. As a result, it's important to pay off your balances in full each month to avoid paying high interest rates.
Reflex Mastercard's application process is simple and fast. Pre-qualification is a free tool that will help you determine your credit eligibility. It doesn't impact your credit score. The application takes just a few seconds. Once you're approved, you'll be sent your new card and be notified of your decision. You can also activate the card within seven to 10 business days.
To approve the application, you need a checking bank account
Reflex Mastercard from Celtic Bank is a credit card that offers a variable interest rate as well as a limited credit line. It's great for building credit, especially if you have poor credit or no bank account. You can build up your credit score over time by making on-time payments on your balance.
Reflex credit cards are available online and over the phone. You will need to provide your Social Security Number, date of birth, as well as employment information in order to apply. A decision will be made within two to three weeks after your application is submitted. Reflex Mastercard has many benefits including no monthly fees.
It offers $0 fraud liability
Reflex Mastercard provides a range of benefits including zero liability for fraudulent transaction. Open an account to be able use in any Mastercard-accepting establishment. After six months of regular payments, you might be eligible for a greater credit limit. Your score is based upon the total amount of credit available. A higher limit on credit can help you improve both your score as well as the percentage of credit you have available. Reflex Mastercard sends monthly reports on your activity to all three major credit bureaus. This will help you quickly improve your score.
Reflex Mastercard has a $30 one time fee. Experian will also provide a VantageScore 3.0 credit rating for free. You'll also receive free e-statements that include your VantageScore3.0 credit score. This wonderful feature will give you peace-of-mind when you use your Reflex Mastercard.