Reviews

Reflex® Platinum Mastercard® credit card review: is it worth it?

If you have bad credit, you know that it can be hard to find a card that is right for you. But don't worry, Reflex® Platinum Mastercard® can help you! Check out this review and learn how to use this product to rebuild your credit today.

Advertisement

Reflex® Platinum Mastercard® credit card: Get your credit score back on track!

Reflex® Platinum Mastercard® credit card
Learn more about the Reflex® Platinum Mastercard® credit card. Source: The Mad Capitalist.

There is a wide range of cards available in the market made especially to help consumers build or rebuild their credit. But with so many options to choose from, finding the one that suits your financial needs can be a little tricky. To help you decide, we brought a suggestion that you might find appealing: the Reflex® Platinum Mastercard® credit card. 

So, if you have a bad credit score and are searching for a new credit card to help you improve it, this is the article for you. Keep reading and see how this card may be just what you need. 

Reflex® Platinum Mastercard®

How do you get the Reflex® Platinum Mastercard®?

Applying to the Reflex® Platinum Mastercard® card is easy and can be done online. Check out this article and learn how to do so in a quick step-by-step guide!

Credit ScoreFair/Poor/Bad/Limited.
Annual Fee$75 – $125.
Regular APR35.90% fixed.
Welcome bonusN/A
RewardsNone.

Reflex® Platinum Mastercard® credit card

a mobile phone displaying a credit score range
How can this card put you on the path towards better credit? Source: Canva.

The Reflex® Platinum Mastercard® credit card can be a valuable tool if you are looking for a specific product to help you build or rebuild your credit score.

That is because this card caters to consumers with bad credit that had their applications denied by other institutions. 

It is a very straightforward product that offers an initial credit limit between $300 and $1000 with a potential increase in just six months.

It also provides reports to all three main credit bureaus once a month. And to top it all off, this card allows you to have access to your monthly score at Experian after signing up for e-statements. 

However, those are all the benefits this product has to offer. Since it’s a product designed for low credit scores, the issuer needs compensation if a new client fails to pay their credit card bill on time.

Therefore, the card charges their cardholders a high annual fee and high interest rates. 

The card company even charges some of those fees before you begin to use their product, reducing the amount of credit available from the start.

For instance, if you have an initial credit limit of $1000 and your annual fee is $75, your actual spending limit will be $925. 

That said, check out some of the benefits and drawbacks of this product below.

Pros

  • 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.
  • 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.

Cons

  • High annual fees.
  • High APR.
  • Charges maintenance fee after 12 months.
  • No intro bonus, rewards, or cash back.
  • Charges $30 for an additional credit card.
  • A checking account is required.

Credit scores required

This card is for people with limited or bad credit. Therefore, if you’re interested in applying for it, a credit score as low as 300 should get you approved.

Be sure to read all the information before sending in your application. Not using this product properly can impact your financial health even further.  

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Reflex® Platinum Mastercard® credit card application: how to do?

After learning everything there is to know about the Reflex® Platinum Mastercard® credit card, how do you feel about getting one for yourself? We’ll give you a step-by-step guide at the following link!

Reflex® Platinum Mastercard®

How do you get the Reflex® Platinum Mastercard®?

Applying to the Reflex® Platinum Mastercard® card is easy and can be done online. Check out this article and learn how to do so in a quick step-by-step guide!

Trending Topics

content

Axos Bank Rewards Checking Account Review: Earn Amazing Rewards

Looking for a great rewards? Then take a closer look at this Axos Bank Rewards Checking Account review - earn up to $300 welcome bonus!

Keep Reading
content

11 things you need to do before applying for a mortgage

Here is a list of the eleven most important things you need to do before applying for a mortgage. Keep reading!

Keep Reading
content

Learn all the main pros of rewards credit cards

Do you know the pros of credit card rewards? You can take advantage of your credit cards and get a lot of benefits. Learn how to do it.

Keep Reading

You may also like

content

First Citizens Bank Secured Cash Back Credit Card review

Looking for a secured credit card with cash back rewards? Get a complete First Citizens Bank Secured Cash Back Credit Card review here!

Keep Reading
content

A small glossary of investment terms: a guide for starters!

We've made this glossary of investment terms to help you understand them better and start investing with confidence. Check this article.

Keep Reading
content

Application for the Freedom Gold card: how does it work?

Get your Freedom Gold card to buy everything you need from the Horizon Outlet. The application is easy and you can make it right now.

Keep Reading