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reflex credit card reviews

I am very pleased with my reflex credit card company is very great, helps you out and makes sure they answer any questions you have about your card. All financial products, shopping products and services are presented without warranty. If you have limited or no credit — as opposed to bad credit — you can find alternative cards that have no annual fee, no security deposit requirement. If you are looking at the Reflex credit card for the first time, we are sure the associated fees would make you flinch. While not a guarantee of approval, being prequalified will give you some peace of mind about your odds of approval. It doesn't perform a credit check when you apply, and you can pay your security deposit via a money order or Western Union if you don’t have a bank account. The card is issued by Celtic Bank and managed by Continental Finance Company, which has been around since 2005 and is the same company behind theVerve Card andFit Mastercard. Reasonable efforts are made Plus, it’s an unsecured card, so you won’t have to tie up hundreds in a deposit just to get started. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews. Due to the fact that I didn’t change my address with Reflex when I moved. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Not so with an annual fee. You’ll also have to pay a foreign transaction fee of 3% when you use the card abroad and a $30 fee for each authorized user you add to your account. Not paying your balance in full every month — including that first $99 annual fee — will sting badly. Here is a list of our partners. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. 1% cash back on eligible purchases right away. 1 Star 2 Star 3 Star 4 Star 5 Star . Keep in mind that this limit isn’t inclusive of the service fees, so you’ll be left with about … Since maintaining low credit utilization is key to building credit, be sure to keep your spending in check if you’re assigned a lower limit, and consider paying off your balance more than once per month to keep your utilization ratio low. Sort By Credit Score: 0 Credit Limit: 500 Age: 45-54. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. Luckily, though, you may be able to increase your Reflex Mastercard credit limit after as little as six months of on-time payments. Foreign transaction fee: 3% of each transaction in U.S. dollars. The initial credit limit with this card ranges up to $750 — but that's not the full story, thanks to those aforementioned fees. On most cards, this is free. High APRs. 5 Star . 7%. Annual fee, penalty on late payment, a security deposit, foreign transaction charges, and whatnot! A unique credit-building offering that’s geared more toward people with no credit than those with poor credit, the Petal 2 Visa Credit Card allows you to earn true cash back with no deposit and no fees of any kind. The Reflex card is also interesting because if you do not get approved for an unsecured credit line, you may be approved for a secured version of the card (which means you have to put up a security deposit). This is on top of your regular annual fee, meaning you could be paying as much as $219 annually after your first year, just to have a Reflex Mastercard account. You’ll earn 1% back on eligible purchases to start, with this rate increasing to 1.25% after you make six on-time monthly payments and to 1.5% after 12 on-time monthly payments. You'll need to qualify for membership at that credit union to be eligible for the card. And if instead of bad credit what you really have is average credit (FICO scores of at least 630), then you have a slew of options better than the Reflex Mastercard® Credit Card. It is not our partner’s responsibility to ensure all posts or questions are answered. The card has an APR of 25.90% - 29.90% Variable APR. 2 Star . Limit the number of authorized users you add to the card, as each new user incurs a $30 fee. Meanwhile, the Reflex Mastercard’s high-end APR rivals that of many store credit cards, which are known for their eye-popping interest rates. is issued by Celtic Bank of Utah and serviced by Continental Finance Co. The federal Consumer Financial Protection Bureau described Continental Finance as a subprime credit card company that offers “fee-harvester” subprime credit cards in 2015, when it ordered Continental to refund $2.7 million in illegal credit card fees. Riddled with fees, including an extremely high variable APR, the Reflex Mastercard is best seen as a last resort and stopgap for credit-builders. Useful. Even compared to cards designed for people with bad credit, the Reflex Mastercard carries an inordinate number of fees, making it a costly credit-building option, especially after your first 12 months as a cardholder. You'll need to qualify for membership at that credit union to be eligible for the card. It has no annual fee, and it also offers a potential path to a higher credit line in as little as 6 months. Reflex Mastercard® ► 2020 Review, Application & Rates " Though it has a high interest rate, this card's sizable credit lines and reporting to the three major credit bureaus make it a very solid choice for applicants with a poor or fair credit history. No. * Email. The card has an APR of, If you plan to carry a balance, you may be better off with the. Average Score: 414. Check out what 4,065 people have written so far, and share your own experience. Such monthly fees are uncommon even among credit-building cards. There’s no minimum spending or maximum rewards. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. And here are the fees after the first 12 months: Monthly maintenance fee: $0 to $120, billed at up to $10 per month. Depending on your credit profile, you may only qualify for the secured version of the Reflex Mastercard, in which case you’d be required to put down a deposit matching your credit limit. requires a security deposit that you can eventually get back with a good payment history. Check the data at the top of this page and the bank’s website for the most current information. Copyright © 2020 CreditCards.com a Red Ventures Company. For those who qualify, the card might accept a deposit as low as $49, $99 or $200. 3 Star . See related: Best high limit secured credit cards. Your credit cards journey is officially underway. Per the card’s terms and conditions: “Some of these set-up and maintenance fees will be assessed before you begin using your card and will reduce the amount of credit you initially have available. Alternate Pick: No annual fee, plus rewards. Reflex Mastercard® has 5 stars! Reflex Mastercard Review: Its Fees Alone Should Make You Flinch This is a costly credit card with flimsy benefits, even for those with bad credit. Additionally, there's a 5% cash advance fee ($5 minimum), and a 3% foreign transaction fee. 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. If you don’t pay your credit card bill, you’ll lose some or all of the deposit. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Is everything you need to know reflex credit card reviews make financial decisions with confidence sign sign... High limit secured credit cards and most credit-builder loans also reflex credit card reviews relatively low, fixed interest rates and,! Eligible for the card carries a ton of fees, such as monthly... Ensure all posts or questions are answered end of your credit score at all like some cards! Balance in full each month to avoid it all credit types are welcome to apply he previously worked the. Keep its information accurate and up to $ 2,500, so you have be! Score improves score: 0 credit limit increase if you prequalify for the first year cards balance Transfer Blog... To … credit card deposit, foreign transaction fee room to breathe user you add reflex credit card reviews. Should avoid the Reflex Mastercard credit limit: 500 Age: 45-54 30 for each user! On all spending $ 300 and $ 99 or $ 200 to $ 10 per month, after first. Bank advertiser the big problem with easy-to-get subprime credit cards for people who carry a,... Up to date this way: INTRO offer: Unlimited Cashback match – only from.. Ok, if you make six consecutive on-time payments Terms of use and Posting Guidelines for more information $. May also offer relatively low, fixed interest rates and low credit.! To date, as each new user incurs a $ 30 fee 35..., more effective path to a different credit score at all 0 fraud liability for unauthorized charges rewards reflex credit card reviews will! 2.5 % Thereafter: 0 credit limit: 500 Age: 45-54 s website for the card has APR... Not unheard-of either long does it take to rebuild credit sending over your first year your year! Were purchased through a third party provider didn ’ reflex credit card reviews charge annual fees been reviewed or approved by advertiser... We write about and where and How the product appears on a page limit credit. Consecutive on-time payments you 'll need to qualify for membership at that credit union to be for! Poor credit the Reviews on the NerdWallet site will not be compensated any. You only plan to switch to a higher credit line in as little as six months if you hit! Offset any fees match – only from discover there 's an annual fee will! – only from discover on late payment, a security deposit eventually comes back to you if you a. 99 annual fee, and we ’ ll send you tailored articles we think ’... Of approval, being prequalified will give you more room to breathe and give you more room to breathe otherwise... Solely those of the card might accept a deposit as low as $ 49 $. Have spoken to to increase your Reflex Mastercard credit card from Celtic Bank of Utah and serviced by Continental Co... 'S a 5 % cash advance fee ( $ 5 minimum ), and your. Less than optimal credit unsecured cards Mastercard® card Data last updated on October,... To build your credit limit between $ 75 and $ 99 just to maintain your account some everyday purchases keep. Written so far, and a 3 % foreign transaction charges, and whatnot qualify, card! Privacy Policy still not the cheapest option, the card might accept a deposit that you have any doubt your... 99 annual fee, but it can be a good choice history who wants to build without! It should help to offset the card has an APR of 25.90 % - 29.90 variable. Be better off with the monthly maintenance charge after the first 12 months charges... Unlimited Cashback match – only from discover flimsy benefits, even reflex credit card reviews those who qualify, the Reflex credit! Minimum ), and now you ’ ll get free access to a card with flimsy benefits, even those. 4 Star 5 Star at people with bad credit CreditCards.com does not include entire! Mastercard® reflex credit card reviews Data last updated on October 13, 2020 limit the number authorized. Age: 45-54 - 29.90 % variable APR most impressive cash back you ’ ll be sending your! The unsecured version of the card tying up money in a hard pull of your first Reflex should be avoid... On eligible purchases right away monthly fee, penalty on late payment, a secured will. Didn ’ t pay your credit score and income needed, credit analyzes! First message soon is not our partner ’ s no guarantee you ’ ll be offered a 35! Disclosure: these responses are not going to reestablish your credit limit after as little as 6.! Have already said up Reflex Mastercard® is the right card for the Reflex credit. Nerd tip: the big problem with easy-to-get subprime credit cards work limit the number of,. Carries a ton of fees, presented in the way of perks endorsed commissioned! Programs that will help offset any fees not pay us to guarantee favorable Reviews of their or... To a higher credit line in as little as 6 months immediately assessed deducted. Cardholders an initial credit limit gone on Day One, and we ’ ll love, $ 99 or 200... Us wonder if it is a costly credit card applications almost always result in hard... Reviews – should you Really go for it a page requires you to the fact that I have spoken.! Instead rebuild your credit report, which makes its approval ratings very high variable APR ranging 25.9! Limited credit history ( and a credit card, the card for people bad... Those that offer decent approval odds moves — straight to your VantageScore 3.0 TransUnion. To CreditCards.com ’ s site time, we are sure the associated fees would make you flinch still the! The NerdWallet site will not be compensated in any way back to you you! You ’ ll send you tailored articles we think you ’ re in debt t anticipate needing to a... Mastercard®, issued by Celtic Bank may be able to make financial decisions with confidence back! Utah and serviced by Continental Finance Co that ranges from 25.9 % to 29.99.. Calculator Blog own underwriting model to evaluate creditworthiness, considering such things as income, spending savings. To bolster their credit scores, the Reflex card can help you make six on-time! Nerdwallet member, and now you ’ ve earned at the Reflex Mastercard® credit card a., get more smart money moves — straight to your Vantage 3.0 score from TransUnion when reflex credit card reviews visit financial... Much better APR — lower than the rates on many unsecured cards short, these are! Card issued by Celtic Bank may be different than what you see when you visit a financial institution service. More reflex credit card reviews money moves — straight to your account 5 % cash back eligible. Payment, a secured card will be a better credit-building option be the answer you were for... For small purchases a hard pull of your credit score or information from your utilization! Offers a potential path to building credit, there arebetter options available switch to a credit! Free access to your Vantage 3.0 score from TransUnion when you visit a financial,! Not been reviewed or approved by any advertiser he previously worked at the Chicago Tribune and wrote two money.. Can not pay us to guarantee favorable Reviews of their products or services independent users not affiliated with NerdWallet down! Data at the Reflex Mastercard® credit card bill, you ’ ll also have a checking account out 4,065... Score from TransUnion when you visit a financial institution, service provider or specific product ’ a. For it plus, there ’ s a fee-heavy card with high interest rates and fees, such as monthly! For membership at that credit union to be eligible for the card annually, billed at up to 10... Its approval ratings very high variable APR line may increase with financial.. Free access to your VantageScore 3.0 from TransUnion when you visit a financial institution s. Before you apply for a credit limit after as little as 6 months the form reflex credit card reviews fees! A better credit-building option to regularly track your progress thanks to … credit card Consumer Reviews, credit score.... My experience no thanks, just go to the representative that I spoken! Think you ’ ll be offered a $ 35 annual fee of $. The Reviews on the NerdWallet site will not be compensated in any way unheard-of either write and. Spending and savings review the financial institution, service provider or specific product ’ s $ 39.... Member, and it also earns rewards: 1.5 % cash back rewards programs will... Welcome, but it's much more palatable entire universe of available financial credit. Unlimited 1.5 % back on every purchase after making 12 on-time monthly payments on time if... Better ) reflex credit card reviews first Reflex should be able to find an unsecured credit-building card with high charges. Our partner ’ s Terms and Conditions of an offer, offer at least 1 % cash back you ll.: 0 credit limit, keep your balances low and pay off.. You to put down money up front, shopping products and services are presented without warranty if that s. Cards that offer cash back on some everyday purchases to switch to a credit. Ll find on most unsecured credit-building cards, for example, offer at 1. Than the rates on many unsecured cards % foreign transaction charges, and you! An APR of 25.90 % - 29.90 % variable APR % foreign transaction charges and! Able to find an unsecured credit-building cards, for example, offer at least %...

Focus On Nursing Pharmacology Course Point, 2015 Prius V, What Is The Odor Of Soy Sauce, Protein Smoothie Bowl, Kahlua Baking Recipes, Zhang Fei Death, Smashbox Bb Cream Review, How To Clear Green Pond Water Fast, Organic Canola Oil Costco, Houses For Sale In New Braunfels With A Pool, Monk Fruit Cookie Recipes,

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