Reflex Mastercard credit cards are specifically made for people with bad credit. It will double the credit limit for you after six months. But, to be approved, it requires that you have a valid checking account. There is an additional fee for the annual renewal. 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. This card provides a low-interest credit line with a credit limit of $200-$1,000. 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. However, the card has high fees and an annual cost.
Reflex Mastercards are not suitable for those with poor credit. The interest rate is quite high, despite the fact that the card has a low initial credit limit. You will also need to submit a credit history check in order to be eligible. You can apply for pre-qualification if you have concerns about your credit history.
It doubles your credit limit after 6 months
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. The credit card has a $30 annual fee per authorized user. To avoid a high rate of interest, you must always pay off your card's balance in full each monthly.
Reflex Mastercard, an unsecured credit card, is not intended for people with good 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. In addition, this card reports your payment and balance history to all three credit bureaus.
The annual fee is payable
The Reflex Mastercard charges an annual fee of $30 per card. After six months, you will see your credit limit increase automatically. This is an important feature for those who are concerned about credit utilization. You may be charged late fees if your payments are not made on time. These late fees may add up to 30% to your monthly balance. To avoid high interest rates, you should pay your balances in full each and every month.
Reflex Mastercard application is easy and quick. Before applying, you can check your credit eligibility by completing the free pre-qualification application. 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. You can use it to build credit even if your credit score is not great or you don't have one. Your credit score can be built by paying your balance on time.
Reflex credit cards are available online and over the phone. For you to apply for a Reflex credit card, you will need your Social Security number, date-of-birth, and employment information. 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 covers $0 of fraud liability
Reflex Mastercard offers several benefits, including zero liability if fraudulent transactions are made. Open an account to be able use in any Mastercard-accepting establishment. 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 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. 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.