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Do you have a limited credit history or are looking to repair your bad credit and want a new credit card to help you with that? Look no further than the Reflex Platinum Mastercard.
Reflex boasts a sizable initial credit line of up to $1,000 that can double in only six months, monthly reporting to all three major credit bureaus, and the buying power of Mastercard. These benefits make it a solid choice for applicants with poor, fair, or limited credit.
Let’s dive into the details you should consider before applying.
Advantages of the Reflex Platinum Mastercard
Elevate Your Credit Score
The Reflex Platinum Mastercard was specifically designed to help people build or improve their credit history. The card issuer reports your monthly activity to all three major credit bureaus. As the credit bureaus note your responsible card usage – on time payments and low utilization ratio – your score will improve.
Credit Made Accessible
The Reflex Platinum Mastercard does not have a minimum credit score requirement for approval. All credit types are welcome to apply. It doesn’t matter if you have limited or poor credit, Reflex will consider you and may give you the opportunity to begin rebuilding your credit.
Double Your Credit Limit
You can double your credit limit in just six months! All you have to do is make your first six monthly payments on time. Make your payments on time, establish a positive payment history, and see your credit limit double up to $2,000. A higher credit limit can positively impact your credit score and provide increased purchasing power.
Easy Online Access
Easily manage your account online and track your credit activity. Reflex offers a user-friendly online platform and mobile app so you can view transactions, make payments, and monitor your credit progress where ever you go.
Prequalify Today for Reflex Platinum Mastercard
Check if you prequalify without hurting your credit score! It’s always a good idea to prequalify before you officially apply for a credit card. While being prequalified does not automatically guarantee approval, it can offer peace of mind that you at least meet the basic requirements.
Instant Approval
Apply online and be notified in seconds. Celtic Bank, the card’s issuer, will approve you right away if they are able to verify your identity and ability to pay. Otherwise, expect a decision in a few business days. Once you’re approved, the card will arrive in the mail within 3 business days.
I had no credit history due to being afraid of credit cards. This card helped me get started on the path to getting a better credit score. The customer service was friendly and answered my newbie questions about credit cards which helped me make the leap to getting my first credit card.
Holly WNew
Enjoy Mastercard’s Universal Appeal
You can use your Relfex credit card at any location Mastercard is accepted. This is not a retail card that is limited to one store. It’s a Mastercard. Enjoy the power of a credit card accepted almost anywhere.
Free Access to Your Vantage 3.0 Score from Experian
When you sign up for e-statements you’ll receive free access to your Vantage 3.0 score from Experian. You’ll no longer be in the dark about what your credit score is. Now you can monitor your score and track your progress as you work to build credit.
Get Mastercard’s Zero Fraud Liability Protection
It’s your money, you want it protected. That’s why Reflex offers Mastercard’s Zero Fraud Liability Protection. With Mastercard’s protection, you are not held responsible for unauthorized transactions made on your card. If your card is lost, stolen, or used fraudulently, you can report it to the card issuer promptly, and they will investigate and take appropriate action. It’s important to note that timely reporting of unauthorized activity is crucial to benefit from this protection, so it’s advisable to regularly monitor your card activity and report any suspicious transactions promptly.
Fees to Consider
Navigating Annual Fees
The Reflex Platinum Mastercard does come with an annual fee of $75-$125. The fee covers the services the card offers and is common amongst credit cards designed for people with less-than-perfect credit histories. While the fee might initially seem substantial, it’s important to consider the broader picture – this card can help you improve your credit. The annual fee is simply an investment in towards building credit. Assess your budget and usage patterns to determine if the annual fee is justifiable for your individual circumstances.
Reflex Platinum Mastercard’s Additional Fees
In addition to the annual fee, the Reflex Platinum Mastercard includes a monthly fee of $10, which is waived for the first year. There is also the standard foreign transaction fee of 3%, late payment fees, and returned payment fees. It is essential to review the card’s terms and conditions to fully understand the fee structure associated with this card. Being aware of these potential fees can help you plan your card usage effectively and avoid unnecessary charges.
Variable APR
The Reflex Platinum Mastercard comes with an APR of 29.99% which is variable depending on the market. While high, even for a credit card for bad credit, it is manageable. Be sure to pay your balance off in full each month and you won’t be charged any interest.
Pro tip: Stay on top of your payment dates! Pay in full and on time to avoid those pesky interest charges.
Final Thoughts
The Reflex Platinum Mastercard can help you get back on track and improve your credit score after tough times or establish a credit history if you’re just starting out. Use the card responsibly, make timely payments, maintain a low credit utilization ratio, and you can leverage its credit-building potential. The card has low approval requirements making it accessible to almost everyone. So even if you’ve been turned down by other credit cards, Reflex is likely to accept you. Reflex is the Mastercard that can help you build your credit with a high initial credit limit.
