Reflex® Platinum Mastercard®
Fast and easy pre-qualification, up to $1,000 credit. Designed to help build credit.
Updated: Jan 05, 2023
The Reflex Platinum Mastercard is a credit card purposefully designed for people who are looking to start or improve their credit score. It's issued by Celtic Bank, and reports all of its statements to all 3 of the major credit bureaus, and you as well through e-statements! This is an essential tool in any credit strategy and will help you improve your credit score in a matter of months. Although the card does come with relatively high annual fees, monthly rates, and APR, it has a lot of credit-building potential. You're also given the tools to further improve your credit score, such as a monthly credit statement for free. Here, we're going to discuss the Reflex Mastercard credit card in a full, comprehensive, and honest review. Learn how it can help you improve your credit score by reading our review below.
at Reflex's Secured websiteApply Now
Intro APR Period
Recommended Credit Score
- 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
- Free access to your Vantage 3.0 score from Experian* (When you sign up for e-statements)
- 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
People who are suffering from less-than-ideal credit have been given a tool in order to repair it, and it’s called the Reflex Mastercard credit card. Getting approved or pre-qualify for a credit card can be a real nightmare, but not with the Reflex card. This starter credit card is perhaps one of the easiest to get approved for. Even if it does come with its fair share of deterrents and cons, it comes with a couple of charming and useful features and benefits as well. Applying and getting denied a credit card can further harm your credit ratings. If it’s already suffering, you should do your best to improve it. And the best way to improve it is by using a credit card for bad credit, such as the Reflex Mastercard!
RELATED: 23 Credit Score Dont’s and Do’s
Who Is This Card for?
- The Reflex Platinum Mastercard is a credit card that is well known in the bad credit community for its utility. It’s an integral tool purposefully designed for anyone who is looking to improve their credit. Anyone with a poor credit rating can pre-qualify for this card, and the application most likely going to get approved for it too.
- People who are looking to start out and have no prior credit history can benefit from this card as well, as approval is secure and the application is both simple and streamlined.
- If you’re looking to start your credit history or repair it on the right foot, the Reflex credit card is a solid choice.
Reflex Mastercard Credit Card Benefits
When it comes to benefits, there are a couple of them. If you’re thinking about getting any rewards from using this credit card, you will be surprised to know that there are none.
Helps improve your credit
All the benefits of the Reflex Mastercard are put in place to improve your credit. One such benefit is the monthly statement you’re going to get every month, free of charge, which helps you monitor your credit scores.
Sheer spending power
Another great benefit that comes with the Reflex Mastercard is the sheer spending power you’re given. The initial spending limit is set at $300, which is already higher than most of the competition. The maximum is $1,000
Ability to increase the credit limit
This is only amplified further by the ability to increase your spending limit. This is done by being responsible for your payments. You can apply for a bigger spending limit after only 6 months of use. If you have any issues with the service, you’re going to love the 24/7 live chat support that the Reflex Mastercard offers. It also comes with a mobile app, so you can take your banking on the go.
3-bureus credit reporting
Issuer reports credit statements to all three major credit bureaus.
Are There Any Disadvantages?
The disadvantages of this credit card are subjective. They all boil down to the high fees, APR, and the possibility of a required security deposit.
Possible security deposit requirement
If your credit ratings are scraping the bottom of the applicable minimum, you might be required to put down anywhere from $50 up to 500$. This money will be refunded once you close your account.
Costly annual and monthly fees
The high APR and annual fees can be a real dent in your personal finance. You should plan on them when you’re making any purchases with this card. If you’re late on your payment, you will see your credit score decrease. The Reflex Mastercard credit card reports its statements to all 3 of the major credit bureaus. This means while it can improve your credit, it can damage it too.
No Rewards program or bonus
Card owners will not get any bonus or rewards for using the card. It is solely designed to help build credit and there are no other rewards attached.
Should You Use Reflex Mastercard?
The Reflex credit card is a proper and purpose-made credit rebuilding credit card. If you lack decent credit or any credit score at all, the Reflex Mastercard might be the ideal choice for you. Financial health is essential, and you should do everything in your power to maintain it. A good credit score guarantees a sound credit card, which comes with a variety of benefits. Some of these benefits are insurance options, mortgage options, more significant spending limits, and lower fees. If you can afford the deposit for a secured credit card, that might be a better option for you. Always take into account Reflex Mastercard’s high annual fees and APR when you’re applying for it. If you can’t afford it, don’t ask for this particular card.
Frequently Asked Questions
|Review:||Full Card Review|
|Best Used For:||
|Regular APR Type:||Variable|
|Annual Fee:||See Terms|
|APR on Cash Advances:||See Terms|
|Grace Period:||25 days|
|Late Payment Fee:||See Terms|
Reflex® Platinum Mastercard® Alternatives
Reflex® Platinum Mastercard®
Rec. Credit Score