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. What's more, it requires a small annual fee. Continue reading to learn more about this credit line for people with bad credit.
Reflex Mastercard: A credit card for people who have bad credit
The Reflex Mastercard is a credit card that can help people with bad credit. The card comes with a $200-$1,000 credit limit and a low-interest line of credit. After six monthly payments, the amount is automatically increased. Many cards do not offer this benefit, but the Reflex Mastercard does. The drawback is the high annual fees and high fees associated with the card.
Reflex Mastercard may not be the best choice for people with bad credit. Although the initial credit limit is low, the interest rates are 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.
After six months, your credit limit is doubled
Reflex Mastercard credit cards offer a credit limit enhancement after six months of regular payments. This feature can increase your credit utilization, and it can also save you money on interest. For each authorized user, the credit card has an annual $30 fee. To avoid a high interest rate, you should always pay off the balance of your card in full each month.
Reflex Mastercard - An unsecured credit cards that are not suitable for those with exceptional credit. It is intended for people with low credit scores and a credit limit of $1,000. Follow the steps and you can double your credit limit in six months if you have good financial habits. The card will also report your payment history and balance history to all three of the credit bureaus.
The annual fee is payable
Reflex Mastercard is charged a $30 annual fee. Your credit limit will automatically be increased after six months of timely payments. 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. It is important that you pay your monthly balances in full to avoid high interest rates.
Reflex Mastercard application is easy and quick. Pre-qualification is a free tool that will help you determine your credit eligibility. This will not affect your credit score, and it only takes a few minutes to complete. 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 be approved, you will need a checking account
Reflex Mastercard is a Celtic Bank credit card. It comes with a variable-interest rate and a very small credit limit. It's great for building credit, especially if you have poor credit or no bank account. It is possible to build credit by paying on time on your balance.
Applying for a Reflex credit card can be completed online or over the phone. In order to apply, you need to give your Social Security number and date of birth. You also need information about your employment. 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 offers $0 fraud liability
Reflex Mastercard offers several benefits, including zero liability if fraudulent transactions are made. You can open an account and use it at any Mastercard-accepting establishment once you have opened it. You might be eligible to have a higher credit limit after six months of making on-time payments. 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 reports your activity each month to the three largest credit bureaus, which can help you see a rapid improvement in your score.
Reflex Mastercard will charge a $30 once-off fee. Experian provides a VantageScore 3.0 credit score as an additional benefit. In addition, you'll get free e-statements, which include your VantageScore 3.0 credit score. This wonderful feature will give you peace-of-mind when you use your Reflex Mastercard.