Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
See if you’re Pre-Qualified with no impact to your credit score
All credit types welcome to apply
Free access to your Vantage 3.0 score from Experian* (When you sign up for e-statements)
Initial Credit Limit of $300 – $1,000* (subject to available credit)
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
Checking Account Required
October 6, 2021
In this Reflex Mastercard® review, we’ll look at the card’s credit score requirements, the key considerations, the benefits, and more.
Let’s dive into this Reflex credit card review.
Who is the Reflex Credit Card for?
Celtic Bank, the Reflex Mastercard card issuer, designed this starter credit card for those with a poor or fair credit score or no credit history.
As a result, the Reflex Mastercard welcomes all applications, regardless of your credit report.
If you’re looking for ways to improve your poor credit score by maintaining an unsecured credit card, the Reflex Mastercard could be a good credit card for you.
Reflex Credit Card credit score requirements
Since the card’s primary purpose is helping those with less than perfect credit rebuild their credit score, it’s aimed at those with poor credit (300) to fair credit (669), or those with no credit history.
However, since the credit card company uses your credit score to determine your fees, you’ll have more costs if you have low credit. It’s also worthwhile noting that you’ll need a checking account to use the Reflex Credit Card.
Tip: If you’re interested in learning more about credit scores or want to track and improve yours, check out Credmo.
Now, we’ll take a look at the kind of fees you can expect:
Reflex Credit Card fees
Since this is a starter credit card for building credit, there are some fees.
Firstly, the card has an annual fee between $75 and $99, based on creditworthiness. Secondly, there is a $10 monthly maintenance fee from the second year onwards.
Reflex also charges a foreign transaction fee of up to 3% of each transaction in U.S. dollars.
Missing your due date the first time will result in an initial late payment fee of up to $29. Repeating this offense anytime during the next 6 billing cycles will result in a late payment fee of up to $41. The same rules apply to returned payments i.e. cardholders pay up to $29 for the first returned payment and any subsequent bounced payments during the next 6 billing cycles will add to the tally, up to $41 per returned payment.
The credit limit ranges from $300-$1,000 depending on your creditworthiness. Currently, there is an offer to double your credit limit provided that you pay your first six minimum payments on time.
Reflex Credit Card APR
The Reflex Credit Card comes with high interest rates.
Both the purchase and cash advance annual percentage rates (APRs) are at a variable rate of 24.99% – 29.99%. As a result, it’s best to avoid taking a cash advance wherever possible.
Although this isn’t the highest interest rate among credit cards targeted towards poor credit histories, it isn’t the lowest either.
Note: Since this card doesn’t support a balance transfer, it has no balance transfer APR.
Reflex Credit Card benefits
Reflex Mastercard cardholders have access to the optional Continental credit protection program.
Offered by Continental Finance Company, you pay $0.99 on every $100 you still owe on your credit card account.
If you lose your job or become disabled, you're covered for the minimum payment due on your card account, minus any delinquent amounts. Continental will cover you for up to 12 continuous months or until you return to work, whichever comes first.
The program will also pay off any balance in full if the cardholder were to pass away.
Next, let’s take a look at some of the pros and cons of the Reflex Credit Card.
Key Considerations With The Reflex Credit Card
Let’s look at some key considerations with this credit card:
Now that you have a good idea of what this card can offer you, here are a few alternative credit building cards worth considering:
Alternatives to the Reflex Mastercard
If you have less than perfect credit and don’t have the cash for a secured credit card, this credit card offer could be worth considering. The Reflex Mastercard is also great for building credit as it reports to each credit bureau.
You can apply for this card here.