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. You will also have to pay a small annual fee. You can read on to learn about this credit-card for people with poor credit.
Reflex Mastercard is a credit line for people with poor 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 you make six monthly payment, this amount will automatically increase. The Reflex Mastercard offers this benefit. This is unlike many other cards. However, the card has high fees and an annual cost.
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. You must also meet strict eligibility criteria. This includes a credit review. A pre-qualification can be applied for if you are concerned about your credit rating.
It doubles the credit limit in 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. However, this credit card comes with a $30 annual fee for each authorized user. In order to avoid high interest rates, it is important that you pay your entire card balance each month in full.
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. If you follow the instructions and maintain good financial habits, your credit limit can double after six months. Additionally, the card transmits your payment and balance history directly to all three credit agencies.
There is an annual charge
Reflex Mastercard charges a $30 annual fee per card. However, after six months of on-time payments, your credit limit will be increased automatically. This is an important feature for those who are concerned about credit utilization. Late fees can be imposed if you're unable to pay your bills on time. These late fees can add almost 30% to your balance. In order to avoid paying high interest rates, it is crucial to pay your balances every month in full.
Reflex Mastercard applications are quick and simple. By completing the free prequalification application, you can determine if your credit is eligible before applying. It will not impact your credit score and takes only a few minutes. After approval, you'll receive your new card. You'll also be notified. Your card can be activated within 7-10 business days.
You will need to have a checking or savings account in order to approve it
Reflex Mastercard, a card from Celtic Bank, comes with a variable rate of interest and a small credit limit. It is great for building credit if you have a bad credit history or do not have a 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. To apply, you must provide your Social Security number, date of birth, and employment information. Within two to three days of submitting your application, you will receive a decision. Reflex Mastercard offers multiple benefits, including no monthly fees.
It covers $0 of fraud liability
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, 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 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 has a $30 one time fee. Experian will also provide a VantageScore 3.0 credit rating for free. E-statements are also included with your VantageScore 3 credit score. This is an excellent feature that offers you peace of mind while using your Reflex Mastercard.