Reflex Mastercard Review 2022 | High Fees and Expensive APR Make it a Poor Choice

The Reflex Mastercard is an expensive starter credit card for people with limited or no credit history, as well as those with bad credit looking to start over. It has

a high annual fee and an APR that’s nearly double the average for subprime cards, which makes it one of the most expensive options out there.

In Reflex mastercard® review, we will show you how this card’s fees and APR make it a poor choice for anyone trying to improve their credit. We’ll also compare it to other options to help you decide if it’s the right card for you.


Introduction

The Reflex Mastercard is a credit card that is part of the Mastercard network but is issued by Celtic Bank. It is managed by Continental Finance Company. The card has many features that make it attractive to consumers with different credit types.

For example, it offers monthly reporting to the three major credit bureaus, which can help improve your credit score. Additionally, the application process is fast and easy, and you can get a credit limit of up to $1,000. If you make your first six monthly minimum payments on time, your credit limit will double to $2,000!

This card can be one option to help you rebuild your credit. But it’s important to know that the Reflex Mastercard comes with some fees and a high APR that make it an expensive choice, particularly if you carry a balance. Read on for our full review.


Quick facts

  • Reflex Mastercard is a credit card designed for people with limited or no credit history.
  • There is no security deposit required, and you can see if you’re pre-qualified with no impact to your credit score. 
  • 24.99% – 29.99% APR (variable)
  • $75 – $99 annual fee
  • All credit types are welcome to apply. 
  • Reflex Mastercard comes with free access to your Vantage 3.0 score from Experian
  • Monthly reporting to the three major credit bureaus, and a fast and easy application process that results in seconds. 
  • You can use your Reflex Mastercard at any location where Mastercard is accepted.
  • A checking account is required, and Reflex Mastercard comes with Mastercard Zero Fraud Liability Protection.  
  • You may also be eligible for an increased credit limit of up to $2,000 after making your first 6 monthly minimum payments on time.
  • There are no rewards or bonuses associated with Reflex Mastercardso the focusis rebuilding credit .
  • Lastly, thereisno intro APR on purchasesor balance transfersallowed which could be beneficialfor some consumers..

Pros and Cons

The Reflex Mastercard has some pros and some cons that consumers should be aware of before they apply.

Pros:-

  • No security deposit is required.
  • You can see if you’re pre-qualified with no impact to your credit score.
  • All credit types are welcome to apply.
  • Reflex Mastercard comes with free access to your VantageScore® from Experian.
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process
  • Use your Reflex Mastercard at any location where Mastercard is accepted.
  • $0 fraud liability
  • If you pay your bill on time every month, your credit limit may be increased after six months.

Cons:

  • Very high annual fee
  • High APR
  • No intro APR on purchases or balance transfers
  • No rewards or bonuse
  • Monthly Fees after 1st year
  • Credit limit increase fee.
  • Foreign transaction fee between 0% to 3%

Now that we’ve gone over the basics of the Reflex Mastercard, let’s take a detailed review of this credit card.

Reflex Mastercard Review
Reflex Mastercard Review

“Should I Get A Reflex Mastercard Credit card?”

The Reflex Mastercard can be a good choice for people with limited or no credit history who are looking to establish or rebuild their credit. Below are the benefits that make the Reflex Mastercard an option worth considering.

Lets check out the Reflex Mastercard’s Benefits in detail.

#1. No security deposit is required.

Reflex mastercard® credit card do not require a security deposit, which is common among unsecured credit cards. This can make it easier to get approved for the card, and you won’t have to worry about losing your deposit if you can’t pay your bill.

#2. Up to $1,000 credit limit

You can get a credit limit of up to $1000 with the Reflex Mastercard, which is higher than many other cards designed for people with limited or no credit.

The unsecured credit card for bad credit comes with very limited Credit limit and high fees. This not the case for Reflex Mastercard as they offer $1000 credit limit. So Reflex Mastercard is a good card to have if you want to improve your credit score.

#3. You can check if you’re Pre-Qualified with no impact to your credit score.

If you’re asking yourself, “Should I get a Reflex Mastercard credit card?” then the answer may be based on your credit profile.

A good place to start is by checking if you’re Pre-Qualified. This doesn’t impact your credit score and will give you an idea of what kind of card you may be able to get.

#4. Free access to your VantageScore® from Experian

Another benefits is that you get free access to your VantageScore® from Experian. This score is used by lenders to determine your creditworthiness, so it’s important to stay on top of it.

By having free access to your score, you can track your progress and work on improve your credit score.

#5. Credit limit increase after six months

The Reflex Mastercard credit card offers a high credit limit and the opportunity to automatically increase your credit limit if you make your first six monthly payments on time. With no annual fee, the Reflex Mastercard is a great way to build your credit history.

Plus, if you make your first six monthly minimum payments on time, you could be eligible to have your credit limit doubled up to $2,000.

#6. Help you improve your credit Score

The Reflex Mastercard can help you improve your credit score in a few different ways. First, the card reports to all three major credit bureaus every month. This means that as you use the card responsibly and make on-time payments, you could see your credit score start to improve.

Second, the Reflex Mastercard offers a high credit limit, which can also help boost your score.

#7. $0 fraud liability

One of the great benefits of the Reflex Mastercard is that you’re never responsible for unauthorized charges. This means that if your card is lost or stolen, you won’t be liable for any fraudulent charges.

Plus, you can rest assured knowing that your information is safe with Reflex Mastercard’s fraud monitoring services.

Now that we’ve gone over benefits of the Reflex Mastercard, let’s take a disadvantage .


Why should you not get the Revvi unsecured credit card?

The Reflex Mastercard has a few disadvantages that are important to be aware of before you apply.

#1. High APR

The Reflex Mastercard has a high APR, which means you’ll accrue interest on your balance if you carry it over from month to month. This can make it difficult to pay off your balance in full, and you could end up paying more in interest than you would with a card with a lower APR.

For Reflex have 24.99% – 29.99% APR (variable), if you have a $1000 balance and only make the minimum payment, it would take you over four years to pay off your debt and you would end up paying more than $1100 in interest.

#2. No rewards program

The Reflex Mastercard doesn’t offer any type of rewards program, which means you won’t earn points or cash back on your purchases. If you’re looking for a card that offers rewards, you may want to consider a different option.

#3. Checking Account Required

The Reflex Mastercard requires that you have a checking account in order to be approved for the card. This could be difficult for some people to obtain, especially if they’re trying to improve their credit score.

If you don’t have a checking account, you may want to consider a different credit card option.

#4. Monthly maintenance fee

One of the biggest disadvantages of the Reflex Mastercard credit card is the monthly maintenance fee.

For the first 12 months, there is no monthly fee. However, starting in the second year, cardholders are charged a $10 monthly fee. This can be a significant disadvantage for those who do not have a high credit limit.

However, monthly Fees have been waived off whose credit limit between $750 – $1000.

#5. Late payment fees

The Reflex Mastercard also charges a late payment fee of up to $41 if you don’t make your minimum payment on time. This is a significant disadvantage, as it can add to your debt and make it more difficult to pay off your balance.

Now that we’ve gone over the advantages and disadvantages of the Reflex Mastercard, you can decide if it’s the right credit card for you.

If you’re looking to build your credit history, the Reflex Mastercard may be a good option for you.

However, if you’re looking for a card with no monthly fees, you may want to consider a different option.


Who is this card ideal for?

The Reflex Mastercard is ideal for people who are looking to build their credit history. The card reports to all three major credit bureaus every month, and offers a high credit limit which can help boost your score.

Plus, you’re never responsible for unauthorized charges, and your information is safe with Reflex Mastercard’s fraud monitoring services. If you’re looking to build your credit history, the Reflex Mastercard may be a good option for you.

However, if you’re looking for a card with no monthly fees, you may want to consider a different option.


The alternative of Reflex Mastercard Credit Card?

If you’re looking for a credit card with no or low monthly fees, there are a few alternatives to the Reflex Mastercard that you may want to consider.

Here are a few of the best credit cards:

#1. PREMIER Bankcard Mastercard Credit Card

PREMIER Bankcard Mastercard Credit Card
PREMIER Bankcard Mastercard Credit Card

The PREMIER Bankcard MasterCard Credit Card is a good choice for people with bad credit who want to improve their credit score. There is no security deposit required, and the annual fee is $50 – $125 for the first year and $45 – $49 after that.

The monthly fee is $0 – $8 for the first year and $6.25 – $10.4 after that. There is no intro APR on purchases, but there is a high membership fee of $55 – $95. There are no rewards or rewards bonus, but you can qualify with bad credit.

This card is a good choice for people who want to improve their credit score and get access to credit cards with better terms and conditions.

#2. Surge Mastercard®

Surge Mastercard Credit Card
Surge Mastercard Credit Card

If you’re looking for an alternative to the Reflex Mastercard Credit Card, the Surge Mastercard might be a good option for you. This card offers a credit limit of up to $1,000, which doubles to $2,000 in your second year with the card.

Additionally, all credit types are welcome to apply. You’ll also get free access to your Vantage 3.0 score from Experian when you sign up for e-statements. Plus, there’s no annual fee and you can get started with an initial credit limit of $300-$1,000 (subject to available credit).

So if you’re looking for a credit card with great benefits and no annual fee, the Surge Mastercard might be a good option for you.


What Is the Credit Score Needed for the Reflex Mastercard?

If you’re wondering what credit score you need to qualify for the Reflex Mastercard, the answer is that there is no set minimum.

However, the card is marketed as an option for consumers who have fair credit or bad credit. That being said, your credit score is just one of several factors that will be considered when you apply for the card.

Other factors include your current monthly debt obligations, your current income, and the amount of credit already extended to you by other lenders. So even if you have a very poor credit score, you may still qualify for the card if you have a reliable income.


Is it possible to have your credit limit increased with the Reflex Mastercard?

The Reflex Mastercard is designed for people with bad credit, and as such, comes with a relatively low credit limit. However, after six months of timely payments, cardholders are eligible to request a credit limit increase that could double their original limit.

Though not guaranteed, this is a fast way to potentially get more credit than with other cards designed for bad credit. To request an increase, call customer service at 866-449-4514.

There is no harm in asking, and you may be surprised at the result. So if you’re looking to give your credit a boost, the Reflex Mastercard is worth considering.


Is the Reflex Mastercard Credit Card worth it?

Reflex Mastercard Review 2022 | High Fees and Expensive APR Make it a Poor Choice

Although the Reflex Mastercard isn't the best choice for everyone, it's a good option for people with bad credit or no credit. The card offers access to monthly credit score updates and other tools needed to improve your credit score.

Editor's Rating:
2.3

If you’re dedicated to rebuilding your credit, the Reflex Mastercard can help you reach your goal.

Just be sure to read the fine print before you apply, as the card comes with some fees that could add up over time.

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