Reflex credit card complaints

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This card caters to people with bad credit, but with its high fees and high interest, it's just not worth it. True, it can help you build or rebuild credit. And issuers that accept applicants with bad credit those with FICO scores of or below need to be compensated for all the customers who will fail to pay their credit card bills. That compensation comes in the form of high fees and rates. But even the credit-desperate have better choices.

Reflex credit card complaints

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Reports to all three major consumer credit bureaus.

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However, the downsides are steep annual and monthly fees and costly interest rates. These reviewers lament the high APR and fees. However, many remark on how expensive this card is. The lower your credit utilization is, the better it is for your credit. The higher your credit limit is, the easier it is to keep a low good credit utilization rate, and this in turn benefits your credit score. The Reflex Mastercard promises to double your initial credit limit if you make your first six monthly minimum payments on time. Most Mastercard cards offer a few fairly basic benefits. One guaranteed benefit of the Reflex Mastercard is the free credit scores you get each month as long as you enroll to receive online statements.

Reflex credit card complaints

Written by: Nouri Zarrugh. Riddled with fees, including an extremely high variable APR, the Reflex Platinum Mastercard is best seen as a last resort and stopgap for credit-builders. Learn more about this card. Features: Access to your Vantage 3. If you have a limited credit history or are looking to repair your bad credit , signing up for a new credit card can be a great first step. You get a chance to practice good financial habits and build your track record as a responsible cardholder, which will help you qualify for better terms in the future. The catch is that cards designed for credit-builders tend to be burdened with harsh terms, including high interest rates, big penalties and exorbitant fees.

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High interest rates. Alternate Pick: No annual fee, plus rewards. Show details. This increases the risk of missed payments and late fees. There are much better options available, even for bad credit. And the card earns rewards. NerdWallet rating. More details from Continental Finance. That compensation comes in the form of high fees and rates. Edited by Kenley Young. Quick Tips for Your Credit Health. Personal Loans Articles. Reports to all three major consumer credit bureaus. How to decide if it's right for you There are much better options available, even for bad credit. Jump to: Detailed Review.

This full-service credit card can be used both at home and abroad wherever Mastercard is accepted. Continental Finance offers customer service for registrations and questions—while Celtic Bank issues the cards.

Rates, fees and offers. See the NerdWallet best credit cards roundup to find out more about some of those other options. Home Current Mortgage Rates. Understanding your Credit Scores. Quick Tips for Your Credit Health. Free Credit Report. Apply Now on Continental Finance's website. Financial Podcast. Personal Loans for Bad credit. Emergency Loans. Online Savings. By Gregory Karp. Balance Transfer Cards.