09 Feb Factors That You Need To Take Into Consideration When Looking for the Best Credit Cards for Bad Credit
- Application process
The application process for getting a Reflex Mastercard is quick and simple. However, the applications require a credit check, which can lower points in your credit score. Luckily, Reflex Mastercard allows you to check whether you will qualify by providing the necessary information before you apply.
Then, if you want to process and apply, you need to fill an online request form or call the phone number provided. To apply, you ought to provide information such as name, address, phone number, email, date of birth, income, SSN, and income and employment details.
When you get accepted, you will be able to get the card in just three days, but you have to activate the card over the telephone so that you can start using it.
- Credit limit, fees, and APR
If you are using Reflex Mastercard for the first time, the initial credit limit is between $300 and $1,000. However, if you manage to pay your monthly balances on time, you can potentially increase it to $2,000 after six months.
Reflex Mastercard requires an annual fee of $75-$99 for maintenance, and after several months of usage, you will also get a monthly maintenance fee of up to $10.
Even though this credit card is targeted towards people with less than ideal credit scores, there are specific fees that you need to pay to be able to use it
Moreover, there is a foreign transaction fee of 3% as well as $30 if you have an additional card. Additionally, Reflex Mastercard might charge you a return payment fee of up to $40 as well as a late payment fee in the same amount.
For a cash advance, the fee costs $5, and you might also receive a limit increase fee. The APR for this credit card ranges between % and %, which is much less than many other credit cards on the market.