Reflex Mastercard, a credit card for people with poor credit is available. The Reflex Mastercard will double your credit limit in six months. However, you must have a checking account in order to be approved. It also requires an annual fee. Read on to learn more about this credit card for bad credit.
Reflex Mastercard, a credit card that is available to people with bad credit, is the Reflex Mastercard
Reflex Mastercard can be used to help those with poor credit. The card offers a low-interest credit line and a $200-$1,000 credit limit. After you make six monthly payment, this amount will automatically increase. This benefit is not offered by many cards, but it is available with the Reflex Mastercard. The downside is that the card comes with high fees and an annual fee.
Bad credit is not a good choice for the Reflex Mastercard. The card has a very low credit limit and the interest rate is high. There are also strict requirements for eligibility, including an examination of your credit history. Pre-qualification is an option if your credit score is not in good standing.
It doubles the credit limit in 6 months
Reflex Mastercard creditcard offers credit limit growth after six months with on-time payments. This feature can improve your credit utilization and help you save money on interest. For each authorized user, the credit card has an annual $30 fee. Avoid high interest rates by paying your balance in full each month.
The Reflex Mastercard is an unsecured credit card that is not meant for those with excellent credit. It is meant for people with a low credit score, a $1,000 credit limit, and a low credit history. You can increase your credit limit by following the instructions and maintaining good financial habits. You can also have your payment and balance history reported to all three credit reporting agencies.
There is an annual charge
The Reflex Mastercard charges an annual fee of $30 per card. After six months of regular payments, your credit limit is automatically increased. This is a very important feature for those concerned about credit utilization. However, if you aren't able to make your payments on time, you may end up paying late fees. Late fees can add nearly 30% to your account. You should therefore pay your balances each month in full to avoid paying high interest.
Reflex Mastercard applications are quick and simple. You can verify your credit eligibility before applying by completing the pre-qualification form. It will not impact your credit score and takes only a few minutes. 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.
To approve the application, you need a checking bank account
Reflex Mastercard is a Celtic Bank credit card. It comes with a variable-interest rate and a very small credit limit. 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 may be applied online, or over the telephone. In order to apply, you need to give your Social Security number and date of birth. You also need information about your employment. Once you have submitted the application, you should receive a response within two to three working days. Reflex Mastercard has many benefits including no monthly fees.
It protects you from fraud at $0
Reflex Mastercard provides a range of benefits including zero liability for fraudulent transaction. When you open an account, it can be used in any Mastercard accepted establishment. After six months of on-time payments, you may be eligible for a higher credit limit. Your score is determined by the amount of credit available. A higher credit limit may help you increase your score and decrease the amount of credit you use. Reflex Mastercard also sends your activity to each of the major credit bureaus every month so that you can quickly see an improvement in your score.
Reflex Mastercard charges $30 for a one-time fee. Experian also gives you a VantageScore3.0 credit score. Additionally, you will receive free estatements which include your VantageScore3.0 Credit Score. This great feature offers peace of Mind while you use your Reflex Mastercard.