Reflex Mastercard® Credit Card
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More about the Reflex Mastercard® Credit Card
  • All credit types welcome to apply!
  • Monthly reporting to the three major credit bureaus
  • Initial Credit Limit of $500.00!* (subject to available credit)
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere that Mastercard® is accepted
  • Free online account access 24/7
  • Checking Account Required

Reviewing The Reflex Mastercard

The Reflex Mastercard is a credit card for people with less than perfect credit. Many people have had a difficult financial time at some point and may need to build or re-establish their credit. The Reflex Mastercard is a viable option, especially if you don’t have the money to put down as a deposit for a secured credit card. But you will need a checking account in order to be considered. The card is issued by Celtic Bank.

Main Benefits Of The Reflex Mastercard

The Reflex Mastercard is an unsecured card, so you do not have to put down an initial security deposit. The card has an easy-to-navigate application process, so you will find out the results of your application fairly quickly. If you are approved, you will receive an initial credit limit of $500 and that can increase to $2,000 after one year of responsible use. But you should note that the annual fee for the first year will be charged to your account and lower your credit limit for the first month.

If you are declined for an application to the unsecured card, you may be be offered a secured card. In this case, you will have to put down a security deposit of either $50, $100, $150 or $500. This deposit will be refundable when you close your account and pay off your complete balance.

The Reflex Mastercard reports to all three major credit bureaus on a monthly basis so you have an opportunity to build your credit with proper use of the card. The card will have almost universal acceptance in the United States since it is part of the Mastercard network.

Main Drawbacks Of The Reflex Mastercard

Cards for people with less than ideal credit come with a number of fees and this card is no exception.

The card’s annual fee for the first year is quite steep. This will be billed immediately so your credit limit for the first month will be lowered by the amount of the annual fee. This annual fee decreases slightly in year two and in subsequent years, but consumers are assessed an additional monthly maintenance fee which is charged to your account.

The APR on the card is also one of the highest in the credit card industry.

Who The Reflex Mastercard Is Right For

The Reflex Mastercard could be an option for consumers who are trying to rebuild or establish their credit and who don’t want to put down a security deposit for a secured card. But you will need to have a checking account in order to be approved. The initial credit limit of $500 gives consumers some freedom. With prudent use, the card could be a tool to improve your credit profile since it reports to all three major credit bureaus. But the card has a high APR as well as a substantial annual fee in year one and both an annual fee and monthly maintenance fee beginning in the second year. So consumers need to weigh these costs versus the card’s benefits.