So, if you've got a perfect payment history, a good idea would be to just contact them about it and make your case. Unfortunately, the Reflex Mastercard offers nothing in the way of rewards. If you would like to apply for another product, please select the "Apply Now" button. ! Reasonable efforts are made Example #2: Assume your credit limit is $1,000 and you spend roughly $800 every month on your credit card before paying it off completely every month.It can still appear that you’re using 80% of your available credit—even though you pay off your entire balance and never pay any interest. Free automatic account reviews for credit limit increases. After your first 12 months as a cardholder, the Reflex Mastercard also charges a monthly maintenance fee ranging from $0 to up to $120 annually, billed at $0-$10 per month. Enjoy all these and more when you increase your credit limit today: Greater financial flexibility; Improved lifestyle; Shopping sprees; Fine Dining; Travelling; For more information, please call RHB PhoneBanking at 03-9206 8118 for Peninsular Malaysia (available 24 … Shopping, dining, even travel are all in your future with your new Reflex credit card. When you click on This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Terms apply. In fact, we have turned down relationship request from issuers that want to influence our reviews. You’ll also have a chance at a credit limit increase if you make six consecutive on-time payments. Up to 1.5% cash back on every purchase after making 12 on-time monthly payments. If you have received a direct mail offer from us, please select the "Accept mail offer!" Credit Limit Increase. Credit One Bank® Visa® for Rebuilding Credit. The Reflex Mastercard offers new cardholders an initial credit limit between $300 and $750. Plus, there’s no guarantee you’ll be approved for the unsecured version of the card. to maintain accurate information. And while it’s still not the cheapest option, the card offers good approval odds even with poor credit. Alternatives to the Reflex credit card. The number is 866-946-9545. You can request a credit limit increase after 6 months of on-time payments, $75-$99 per year, plus $0-$120 per year (assessed as $0-$10 monthly) in maintenance fees after your first year, Features: Free access to your Vantage 3.0 score from TransUnion when you sign up for e-statements, $0 fraud liability for unauthorized charges, chance at instant approval, preapproval available. Potential Credit Limit Increase After Six Months: While the initial credit limit maximum on the Reflex Card is $500 if you make six months of on-time payments you automatically become eligible for an increase in your limit up to a maximum of $1000. You want a chance to build credit without tying up money in a deposit. I love the reflex master card. Riddled with fees, including an extremely high variable APR, the Reflex Mastercard is best seen as a last resort and stopgap for credit-builders. The offers that appear on this site are from companies from which CreditCards.com receives compensation. The card carries a ton of fees, an extremely high APR and next-to-nothing in the way of perks. I pay my bills on time, I just don't have any history because no one will approve me! You will only use a fraction of your total amount of credit. Compensation may impact how and where we place products (for example, the order which they are placed on a category page). After all, free access to your credit score and fraud liability coverage are the bare minimum needed if you want to protect and keep tabs on your credit. Pay off your card balance in full each month to avoid high interest charges. REFLEX gave me a credit line increases from $500 to $800 and I'm not even using the card. Introduction The Reflex Mastercard is one of a few credit cards by Continental Finance that is issued by Celtic Bank. As an unsecured credit card, one of the Reflex Mastercard’s main selling points is that it could give you the chance to build credit without putting down a deposit. If you opt for a secured credit card instead, you can have a bit more control over your credit limit, as your limit will usually match your security deposit. Credit Cards. I have max out on increase amd ready for the next card and level. This means credit-builders should carefully consider which cards they apply for and only try for those that offer decent approval odds. If you’re willing to put down a refundable deposit, secured credit cards could save you even more, as many charge much lower annual fees. It also comes with a cash back rewards program that can help reduce your total cost of ownership. The Capital One® Platinum Credit Card is an attractive choice for people with a limited credit history. Some secured credit cards and most credit-builder loans also offer relatively low, fixed interest rates. If you’re assigned a low limit, keep your balances low and pay them off quickly to improve your credit utilization. Reflex Mastercard® 2020 Review, Application & Rates ... - How Many Capital One Cards - How To Increase Your Credit Limit - Most Exclusive Credit Cards - No Interest Credit Cards ... After you click on an offer you will be directed to the credit card issuer's web site where you can review the terms and conditions for your offer. The Reflex card is a credit card that is well known in the bad credit credit card community for its utility. Each month, the payments you make on the Reflex Mastercard® Credit Card are reported to the three major credit bureaus—Equifax, Experian, and Transunion—which may help raise your score if you are paying on time and using your new credit card responsibly. Consider these alternatives, all of which are unsecured credit-building cards that offer cash back rewards programs that will help offset any fees. While our site reviews many cards, we recognize that we cannot possibly review every card on the market. It is not our partner’s responsibility to ensure all posts or questions are answered. If you are looking to build your credit, there are better options available.. Additionally, your annual fee is immediately assessed and deducted from your available credit. Such monthly fees are uncommon even among credit-building cards. I went from 545 to 711 in 14 months. The Reflex Mastercard® can help you build credit with all three bureaus and you might get offered the unsecured version. You want a chance at a higher limit than you’ll find on most unsecured credit-building cards. Of course, there’s no guarantee you’ll be offered a $750 limit. Ask the Credit Card Issuer Directly Calling up your credit card company to ask for a credit line increase can give you more purchasing power if you're approved. But watch out for the fees. This is especially disappointing given the card’s high fees, as even 1% back on select purchases would help offset the Reflex Mastercard’s high cost of ownership. Limit the number of authorized users you add to the card, as each new user incurs a $30 fee. 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. Plus, it’s an unsecured card, so you won’t have to tie up hundreds in a deposit just to get started. I stopped using the REFLEX Card 3 months after I got it. The Reflex Mastercard is from Continental Finance and issued by Celtic Bank. Whether or not you purchase CONTINENTAL CREDIT PROTECTION will not affect your application for credit or the terms of any existing credit agreement you have with The Bank of Missouri. 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. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Customers receive an initial line of credit but can increase that credit line after making their first five monthly payments on time. Card Features. 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. One of my favorite things to do is to review these cards, in the hopes that somebody will read the review before thinking about applying and end up with a vast array of much better options. 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. While both cards offer reasonable, manageable credit limits and the chance at a credit limit increase after just six months, they also have factors that applicants should be … 1. Credit One Bank Platinum Visa. New credit card applications almost always result in a hard pull of your credit report, which will temporarily lower your credit score. If you feel that the reflex credit card might not be a good option or you, there are hundreds of other cards designed for people with bad credit. However, if you are cautious, only charge a tank of gas or Netflix subscription on your Reflex card. Getting a credit line increase could help your credit because having a roomier credit line will help to lower your debt utilization – which is one of the bigger factors in your credit score. By providing my email address, I agree to CreditCards.com’s My credit score is 533, I don't have any credit cards or loans, therefore I can't build my credit! I wish someone would give me a small credit limit card so I can increase my score. 1% cash back on eligible purchases including gas, groceries and phone services. Boosting your credit limit is a real achievement, and in this case, it comes with a couple of additional features. In general, each credit limit increase request can cause a small, short-term drop in your credit score. Use your Reflex card at locations everywhere Mastercard is accepted. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Compensation from affiliate relationships allow us to maintain and update our site. In most cases, a secured card will be a better credit-building option. See related: How long does it take to rebuild credit? Some of the cards that appear on our site are from companies that we receive compensation from. Free Credit Score. The Reflex Mastercard®, issued by Celtic Bank, is one of many credit cards for bad credit or no credit score at all. People who are looking to start out and have no prior credit history can benefit from this card as well, as approval is secure an… See related: Best high limit secured credit cards. Credit One Bank Visa for Rebuilding  Credit, Unlike the Reflex Mastercard, the Credit One Bank Visa for Rebuilding Credit does not charge a monthly maintenance fee. Copyright © 2020 CreditCards.com a Red Ventures Company. The card charges a variable interest rate and has a lower-than-average line of credit, though this credit line may increase with financial responsibility. Instead, wait for an automatic review — whether it’s your Reflex Mastercard® or your Hilton Honors American Express. Get essential reads every week with our newsletter. Paying at least the minimum payment is important if you want to improve your credit score. Thank you Reflex!! In the big picture, this is how you increase your creditworthiness. The Reflex Mastercard is designed for people with a damaged or limited credit history (and a credit score of 580 or better). I love the reflex master card. Below are they key highlights: See if you’re Pre-Qualified with no impact to your credit score, Free access to your Vantage 3.0 score from TransUnion* (When you sign up for e-statements), Monthly reporting to the three major credit bureaus, Fast and easy application process; results in seconds, Use your card at locations everywhere Mastercard® is accepted. If you are trying to build up your credit, getting a credit limit increase is a milestone achievement. Keep an eye on your credit score, and switch to a card with fewer fees and better terms when it improves. 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. 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 the Verve Card and Fit Mastercard.They claim to offer, “credit cards for consumers with less-than … Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. Designed for cardholders looking to bolster their credit scores, the Capital One QuicksilverOne card offers unlimited 1.5% cash back on every purchase. For questions specific to this credit line increase offer, please call 1-866-863-8940 Monday through Friday between 8 a.m. and 11 p.m. EST or Saturday and Sunday between 10 a.m. and 8 p.m. EST. The OpenSky® Secured Visa® Credit Card, for example, charges all cardholders just $35 per year, while the Discover it® Secured and Secured Mastercard® from Capital One charge no annual fee at all. Keep an eye on your inbox—we’ll be sending over your first message soon. 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. All credit types welcome to apply! While cash back and other rewards programs are uncommon among credit-building cards, they’re not unheard-of either. Reflex Mastercard® Features Possible Credit Limit Increase After Just 6 Months You may be eligible for your first credit limit increase after just 6 months. Cash advance fee: $5 or 5% of the amount of each cash advance (whichever is greater), Foreign transaction fee: 3% in U.S. dollars (or $1, whichever is greater), Account reviewed for possible credit limit increase after 6 months of on-time payments, Includes free access to your Experian credit score and $0 fraud liability, Pre-qualify and see what kind of fee you’re offered before you apply, Issuer considers alternative credit data (like income and bill payment history) when evaluating applications, not just credit score, Includes money-management tools and free credit reporting. A number of secured cards charge no annual fee, offer lower APRs and higher credit limits and give you the chance to “graduate” to an unsecured card if you use your card responsibly. Privacy Policy. That said, the card does include a couple of useful perks. Luckily, though, you may be able to increase your Reflex Mastercard credit limit after as little as six months of on-time payments. Once you’re approved, your Reflex Mastercard and welcome materials should be mailed within three business days. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. While not a guarantee of approval, being prequalified will give you some peace of mind about your odds of approval. Request a credit limit increase after six months of on-time payments. These perks are certainly welcome, but they’re far from impressive. I got this mailer today to apply for a Reflex Visa (with no rewards): Credit Limit: $500 APR: 30.49% Annual Fee: $125 first year, $96 - 4854180 1% cash back on eligible purchases right away. If you have any doubt about your ability to pay your card balance in full each month, you should avoid the Reflex Mastercard. However, if you’re set on an unsecured card, the Reflex Mastercard may be worth it for the first year, if only as stepping stone to better credit and better cards. Additionally, your credit card may be charged a non-refundable $1 fee. But, as we mentioned above, if an issuer should pull a copy your credit report, this will result in a hard inquiry being placed on your credit report. Whether you have bad credit or average credit, you should be able to find an unsecured credit-building card with a lower APR. The stronger your credit, the better it is for both the credit card issuer and for you, the customer. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. If you have general questions regarding your credit card account, call Cardmember Service at the phone number on the back of your credit card. Luckily, though, you may be able to increase your Reflex Mastercard credit limit after as little as six months of on-time payments. If you’re only approved for the minimum credit line of $300, however, your account will be reviewed for a credit limit increase after 12 months. While this is not the most impressive cash back rate, it should help to offset the card’s $39 fee. Below are some viable options to consider. Unfortunately, however, there’s no guarantee you’ll be approved for the unsecured version of the card. If you’re only approved for the minimum credit line of $300, however, your account will be reviewed for a credit limit increase after 12 months. ! A Reflex Mastercard ® with an initial credit limit that ranges from $300 to $750 gives you the financial clout you need. The card also offers a chance at instant approval for online applications, so you may not need to wait days or weeks to hear back on the status of your application. See the online credit card applications for details about the terms and conditions of an offer. 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