The Reflex Mastercard is a credit card specifically designed for people with poor credit. After six months, your credit limit will be doubled. To be approved, you will need a checking bank account. There is an additional fee for the annual renewal. 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
The Reflex Mastercard is a credit card that can help people with bad credit. The card has a low interest credit line and a credit limit between $200-$1,000. After six consecutive monthly payments, the amount you receive is automatically increased. Reflex Mastercard is the only card that offers this benefit. The downside is that the card comes with high fees and an 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. You must also meet strict eligibility criteria. This includes a credit review. If you are worried about your credit history, you can try to apply for a pre-qualification.
It doubles credit limits after six months
Reflex Mastercard creditcard offers credit limit growth after six months with on-time payments. This feature can increase your credit utilization, and it can also save you money on interest. However, this credit card comes with a $30 annual fee for each authorized user. To avoid a high interest rate, you should always pay off the balance of your card in full each month.
The Reflex Mastercard is an unsecure credit card. It is not for people with great credit. This card is for those with low credit scores and a credit limit less than $1,000. Your credit limit will double if you follow the guidelines and have good financial habits. You can also have your payment and balance history reported to all three credit reporting agencies.
It charges an annual fee
Reflex Mastercard charges $30 an annual fee. However, after six months of on-time payments, your credit limit will be increased automatically. This is a very important feature for those concerned about credit utilization. Late fees can be imposed if you're unable to pay your bills on time. Late fees can add nearly 30% to your account. To avoid high interest rates, you should pay your balances in full each and every month.
The application process for the Reflex Mastercard is quick and easy. Pre-qualification is a free tool that will help you determine your credit eligibility. It won't affect your credit score and only takes a few moments to complete. After you have been approved, your card will be sent to you and you will be notified. You can activate your card in seven to ten days.
Approval of the checking account is required
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. You can build up your credit score over time by making on-time payments on your balance.
Reflex credit cards can be applied online or by phone. To apply, you must provide your Social Security number, date of birth, and employment information. You can expect to hear back within 2 to 3 business days after you have submitted your application. Reflex Mastercard includes multiple benefits, including no monthly charge.
It provides $0 in fraud liability
Reflex Mastercard offers a variety of benefits, including zero liability for fraudulent transactions. After opening an account, you are able to use it in any Mastercard accepting establishment. After six months, on-time payments may qualify you for a higher credit line. 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 automatically reports your activity every month to the three major credit agencies, so your score can improve quickly.
Reflex Mastercard will charge a $30 once-off fee. Experian will also provide a VantageScore 3.0 credit rating for free. 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.