Reflex Mastercard credit cards are specifically made for people with bad credit. 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. Continue reading to learn more about this credit line for people with bad credit.
Reflex Mastercard is a credit card for people with bad credit
Reflex Mastercard is a credit line that helps people with poor credit. The card comes with a $200-$1,000 credit limit and a low-interest line of credit. After you make six monthly payment, this amount will automatically increase. Reflex Mastercard is the only card that offers this benefit. The drawback is the high annual fees and high fees associated with the card.
Reflex Mastercard is not recommended for people with poor credit. While the card offers a low initial credit limit, the interest rate is relatively high. You will also need to submit a credit history check in order to be eligible. Pre-qualification is an option if your credit score is not in good standing.
After six months, your credit limit is doubled
Reflex Mastercard creditcards offer an increase in credit limits after six consecutive months of timely 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. Avoid high interest rates by paying your balance in full each month.
Reflex Mastercard - An unsecured credit cards that are not suitable for those with exceptional credit. Instead, it is designed for those with a low credit score and an average credit limit of $1,000. Follow the steps and you can double your credit limit in six months if you have good financial habits. In addition, this card reports your payment and balance history to all three credit bureaus.
It charges an annual fee
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 an important feature if you are concerned about your credit utilization. You may be charged late fees if your payments are not made on time. Late fees can add nearly 30% to your account. In order to avoid paying high interest rates, it is crucial to pay your balances every month in full.
Reflex Mastercard application procedures are simple and fast. The free pre-qualification application can be used to determine your credit eligibility. It won't affect your credit score and only takes a few moments to complete. Once you are approved, you will be sent your new credit card and notified about your decision. You can also activate your card within seven to ten 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. This card is ideal for building credit, even if you don't have a bank account or have poor credit. Paying on-time on your balance can help you build your credit score.
Reflex credit cards are available online and over the 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 is free of monthly fees and offers many other benefits.
It protects you from fraud at $0
Reflex Mastercard offers a variety of benefits, including zero liability for fraudulent transactions. You can open an account and use it at any Mastercard-accepting establishment once you have opened it. After six months, on-time payments may qualify you for a higher credit line. Your score is set based on the total amount of available credit, so a higher credit limit can help you improve your score and decrease the percentage of available credit that you have to 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. In addition, you receive a free VantageScore 3.0 credit score from Experian. You'll also receive free e-statements that include your VantageScore3.0 credit score. This feature is a great way to have peace of mind with your Reflex Mastercard.