The Reflex Mastercard is a credit card specifically designed for people with poor credit. It will double your credit limit after six months, but you have to have a checking account to get approved. There is an additional fee for the annual renewal. 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 is a credit line that helps people with poor credit. This card provides a low-interest credit line with a credit limit of $200-$1,000. After six monthly payments, the amount is automatically increased. This benefit is not offered by many cards, but it is available with the Reflex Mastercard. However, there are high fees for the card and an annual fee.
Reflex Mastercard may not be the best choice for people with bad credit. While the initial credit limit for the card is very low, the interest rate can be quite high. You will also need to submit a credit history check in order to be eligible. A pre-qualification can be applied for if you are concerned about your credit rating.
It doubles your credit limit after 6 months
The Reflex Mastercard credit card offers a credit limit increase after six months of on-time payments. This feature is designed to improve credit utilization and reduce interest costs. The credit card has a $30 annual fee per authorized user. 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. It is meant for people with a low credit score, a $1,000 credit limit, and a low credit history. If you follow the instructions, and keep good financial habits, your credit limit could double in six months. This card also reports your balance and payment history to all three credit bureaus.
There is an annual charge
Reflex Mastercard has an annual fee of $30. After six months of regular payments, your credit limit is automatically increased. 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 up to nearly 30% to your balance. You should therefore pay your balances each month in full to avoid paying high interest.
Reflex Mastercard applications are quick and simple. Before applying, you can check your credit eligibility by completing the free pre-qualification application. It is quick and easy to complete, and will not affect credit scores. Once your application is approved, you will receive your new card and be informed of your decision. You can activate your card in seven to ten days.
You will need to have a checking or savings account in order to approve it
Reflex Mastercard from Celtic Bank is a credit card that offers a variable interest rate as well as a limited credit line. You can use it to build credit even if your credit score is not great or you don't have one. It is possible to build credit by paying on time on your balance.
Reflex credit cards can be applied online or by phone. Your Social Security number, birth date, and employment information are required to apply. You can expect to hear back within 2 to 3 business days after you have submitted your application. Reflex Mastercard has many benefits including no monthly fees.
It protects you from fraud at $0
Reflex Mastercard offers a variety of benefits, including zero liability for fraudulent transactions. When you open an account, it can be used in any Mastercard accepted establishment. After six months, on-time payments may qualify you for a higher credit line. 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 also reports your activity to the three major credit bureaus each month, so you can see your score improve quickly.
Reflex Mastercard requires a $30 one-time payment. Experian provides a VantageScore 3.0 credit score as an additional benefit. Additional, you will get free estatements, which contain your VantageScore 3.0 score. This feature is a great way to have peace of mind with your Reflex Mastercard.