Reflex® Platinum Mastercard®: Up to $1,000 Starting Limit

In-Depth Review: Reflex® Platinum Mastercard®

The Reflex® Platinum Mastercard® is a basic credit card designed to serve as both a payment solution and a tool for building credit. This card offers several benefits, including a credit protection program and a waiver of maintenance fees for certain cardholders after the first 12 months.

Who Can Benefit from Reflex?

The Reflex Platinum Mastercard can be beneficial for the following types of individuals:

No Credit? No Problem

Those with a limited credit history or working on building their credit may benefit from the Reflex Platinum Mastercard. Since it’s not a secured card, it can be a suitable option for establishing or improving credit without requiring a security deposit.

People Rebuilding Credit

Individuals who are in the process of rebuilding their credit may find the Reflex Platinum Mastercard useful. While it doesn’t offer rewards, it can still provide an opportunity to demonstrate responsible credit management, which is essential for improving credit scores (and is a reward in itself).

Those who are in the process of rebuilding their credit may find the Reflex Card useful. While it doesn’t offer rewards, it can still provide an opportunity to demonstrate responsible credit management, which is essential for improving credit scores (and is a reward in itself).

How to Get the Reflex Mastercard

Credit Requirements

You can still be approved for the Reflex Card even with fair to poor credit. However, please note that applicants with lower credit scores may have different terms and conditions.

Pre-Qualify Before Applying

One great feature of the Reflex® Mastercard® is the ability to pre-qualify without worrying about damaging your credit. This feature provides valuable insight and helps you effectively prepare to obtain your card. If you don’t qualify, your credit will not be affected.

Continental Finance has the following rules regarding who is eligible for its credit cards:

• Age: Applicants must be at least 18 years of age.
• Social Security Number (SSN): Applicants need to provide a SSN to prove U.S. citizenship and eligibility.
• U.S. address: Applicants must provide a United States mailing address; PO Boxes are not allowed.
• Proof of income: Applicants need to provide proof of income and demonstrate the ability to make the minimum monthly payment.
• Bank account: Applicants need to provide a valid checking or savings account to link to the card for payments.
• Credit: Bad credit (sub 500 FICO Score) or better required.

Credit Building Benefits

The Reflex Mastercard is one of many credit booster cards for near-prime and subprime credit scores. As such, it comes with many features you might expect from a card of this variety.

One of the key advantages of this card is its ability to help you build or rebuild your credit history. The Reflex Mastercard can improve your credit score with responsible use and timely payments. This is especially beneficial for individuals who may have had past credit issues or are new to credit.

Other Card Benefits

Other features of the Reflex Mastercard include:

Continental Credit Protection

Reflex Mastercard cardholders can access the credit protection program for an additional fee. The Continental Finance Company provides this program. The cost is $0.99 for every $100 outstanding balance on your credit account, and this amount is automatically billed to you each month once you sign up.

This program offers debt cancellation if the cardholder loses their job or becomes disabled. If you qualify for the program, it will cover up to 12 consecutive minimum monthly payments. Additionally, if the cardholder passes away, the program will pay off the entire balance.

Credit Score Access

Cardholders who enroll in e-statements also receive complimentary access to their credit score. The application process is simple, and it allows you to view your credit score on a monthly basis. This enables you to see how actions such as making your monthly payments on time impact your credit score each month.

Mastercard Benefits

Cardholders also enjoy basic protections through the Mastercard payment network. The Reflex credit card is a Platinum Mastercard product featuring the following essential benefits:

• Zero Liability Protection
• Mastercard Global Services
• ID Theft Protection

Comparison

The Reflex Mastercard compares to several other near-prime card options. These include the Fortiva® Mastercard®, Surge® Platinum Mastercard®, Aspire® Cashback Rewards, and Total Visa® Card.

All the cards provide an online pre-qualification tool before applying, which is great for anyone concerned about dinging their credit score should they not qualify for the card.

Additionally, all the cards charge an annual fee, but exactly what that yearly charge will be depends not just on the card, but also your credit worthiness. Fortiva® Mastercard® charges a fee ranging from $49 to $175 for the first year, with subsequent years having a fee of up to $49. On the other hand, the Surge® Platinum Mastercard® has an annual fee ranging from $75 to $99. The Aspire® Cashback Rewards and Total Visa® Card have similar fee structures, with the first year costing $49 to $175 and subsequent years having a fee of up to $49 for the former, and an initial fee of $75 followed by $48 for the latter.

In terms of rewards, the Fortiva® Mastercard® and Surge® Platinum Mastercard® do not offer any rewards program. However, the Aspire® Cashback Rewards card provides 3% cash back on gas, groceries, and utilities, along with 1% cash back on all other eligible purchases. Similarly, the Total Visa® Card offers 1% cash back on all purchases.

What We Like About Reflex

Bad Credit Welcome

The Reflex® Platinum Mastercard® is available to applicants with all types of credit. It offers the convenience of prequalifying in seconds without impacting your credit score. Most applicants are not required to provide a security deposit and will receive a decent credit limit.

This card is designed to help you build credit. It reports your timely payments to the three major credit bureaus and allows you to increase your credit line in as little as six months. It also offers $0 liability for fraudulent charges and free access to your Vantage 3.0 score from Transunion.

Things to Consider

Pay Attention to the Fees

Before applying for the Reflex Mastercard, one of the most important factors to consider is the fees associated with the card. The card comes with various fees; the exact amount will only be known after you prequalify.

The card has a variable annual fee ranging from $75 to $125 per year. Additionally, there is a monthly maintenance fee, which Reflex waives for after the first year for cardholders with credit limits of $750 or $1,000. It is crucial to carefully read the fine print before finalizing your application to avoid unexpected fees.

FAQs

Here are some answers to commonly asked questions about the Reflex Mastercard: