The Reflex Card is a good starter credit card for people with no credit history or limited credit history. Additionally, this card can be a good option for those who want to build their credit. The card is issued by Celtic Bank, and Continental Finance Company manages the card.
The card’s APR is 25.99% to 29.99% with an annual fee of $99. This is something that can sway people who contemplate applying for this card as there are other credit cards that charge zero annual fees. The card also comes with a $0 fraud liability feature.
Reasons to apply if You’ve Received a www.yourreflexcard.com Offer
One of the major benefits of using the Reflex Mastercard is you can increase your credit scores. The card reports all your credit payments and activities to three major credit agencies, i.e., Equifax, TransUnion and Experian. Just use the card responsibly and pay the amount on time.
Unlike other credit cards, this card doesn’t require a security deposit for most of the users. So, if you don’t have the available resources for a security deposit, the Reflex Mastercard can be a good option. However, in very rare cases, you can be asked to pay $50, $150 or $500 for your security deposit but you will get it back while closing your account. This will typically be highlighted in yourreflexcard.com documents.
The Reflex Mastercard comes with an initial credit limit of $500. But if you utilize the card responsibly and maintain a good payment record, then your credit limit can be increased up to $2000 after one year. Some experts have suggested that, if your credit score improves, then you should switch to a new credit card that comes with lower fees.
When the cardholders apply for E-statements, they can get their Vantage 3.0 TransUnion score without paying any fees.
You can instantly access your account through its mobile app. Through this app, you can make payments, check your balance, and know your FICO score. The app is highly secure.
Unattractive Reflex Mastercard Traits
The annual fee of the card is high at $99, albeit waived for the first year. As there are no rewards, it may not attract more people. There is also a monthly maintenance fee of up to $10 per month. Since the first year of account opening there’s no annual fee, the overall fee sum for that year will be lower. But, with the annual fee in year two, you may be facing fees of over $200.
The APR is high and with an interest rate in the 30% range, carrying a balance is not a good idea at all. The unfortunate reality is that yourreflexcard.com mail offers don’t have the added bonus of giving you the APR you will have on an account so in order to find out exactly where you will be in the range, you have to fill out and submit the application.
If you are using the card through a non-US merchant, you will pay 3% per transaction. So, be careful about it. In conclusion, if you’re on the fence about whether to respond to a www.yourreflexcard.com mail offer, if you have other es, those would be a better option. However, as a second choice, there are worse options out there.