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Reflex Mastercard® - Rebuild Your Credit Score

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Reflex Mastercard® - Rebuild Your Credit Score

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Nick M.-

The Reflex Mastercard® is an ideal starter card for people learning to use and build credit or repair their credit.

You’ll find Reflex worth checking out because they work with people of all credit types. Plus, they can pre-qualify you without the inquiry showing up on your credit report.

People with all credit types are encouraged to apply. It’s fast and straightforward--takes about 10 minutes. The sooner you begin improving your credit, the better.

As with all credit cards, we recommend using your limit wisely when your goal is credit score improvement.

Reflex Mastercard® Highlights

  • 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 TransUnion* (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
  • Simple and quick application, a decision in seconds

How to Qualify

Credit Limits

Reflex Mastercard® offers $300, $500, and $750 credit limits. They also provide an option to pay a security deposit for the $500 level. You pay the deposit upfront when you open the account, and it helps protects you if you forget to pay your bill. It’s a useful security net for people learning how to manage their finances.

Credit Building and Repair

The greatest strength of the Reflex Mastercard® is how it helps you improve your credit record.

Monthly Credit Reporting

Each month that you make an on-time payment, Reflex reports your favorable activity to all three major credit bureaus (Experian, Equifax, and Transunion). As you build a history of timely payments, your credit score climbs a little more.

Credit Limit Increase

Also, higher credit scores provide can translate to credit limit increases. Keep up your payments on time. Reflex Mastercard® may increase your credit limit automatically after six months at no additional charge.

You can benefit from gradually increasing the amount of credit you can access. Your credit score looks at how much your outstanding balance is during any given month, out of your total credit. If you use all of your credit limit each month, or max it out and cannot pay it off fast enough, it might hurt your score.

However, if you are cautious, only charge a tank of gas or Netflix subscription on your Reflex card. You will only use a fraction of your total amount of credit. In the big picture, this is how you increase your creditworthiness.

Free Credit Score

Reflex Mastercard® provides free access to Vantage 3.0 when you sign up for e-statements. Vantage 3.0 service helps you monitor your credit score. You’ll have instant gratification seeing your score improve each month.

Reflex Does Not Hard Check Your Credit

Typically, when you apply for a credit card, the bank submits a hard credit check. Hard checks show up on your credit report and can stay there for months or years.

Practically, if you apply for several cards simultaneously, the other banks will see several hard checks in a short time. They might be suspicious that you have a financial hardship and might be too much of a credit risk. In the short term, hard checks can cause your credit rating to drop. It could take a year or more to bring your score back up.

If you’re concerned about a hard credit check, Reflex Mastercard® has your back. They offer Pre-Qualification checks that do not show up on your credit report.

If you struggled to receive a card in the past because of a hard credit check, Reflex only does a soft credit check. They get a snapshot of your credit report, but it does not show up on your credit report since you don’t have a specific application yet.

The soft credit check is an unusual feature in the banking industry. Reflex is generous to consumers who have low or no credit. If you need to take out a loan or apply for more than one card, applying for the Reflex card is invisible to other banks. Consequently, they won’t worry about why you’re requesting credit.

Account Management

Reflex makes it easy to keep tabs on your account.

Online Account Management

Check your balance, recent transactions, view and save statements, make payments

App for iPhone or Android

If you prefer to manage your banking on the go, grab the Reflex app, and access the same web account features at your fingertips.

Account Notifications

Manage your account on a real-time basis with custom notifications about purchases and payments.

$0 Fraud Liability

If someone steals your card number and goes on an Amazon shopping spree, Reflex Mastercard® will not hold you responsible for unauthorized charges.

Program Specs

  • Regular APR: 25.90% - 29.99%
  • Late Payment Fee: Up to $40
  • Return Check Fee: Up to $40
  • Annual Fee: See Terms
  • Credit Recommended: Fair/Poor/Bad/Limited
  • Intro Rate: N/A
  • Intro Period: N/A
  • Balance Transfer: N/A

Editor’s Take

Reflex Mastercard® is an excellent option if you’re serious about building or repairing your credit. If you have bigger and better things you want to accomplish with your credit, like a mortgage or car loan, get started right away on improving your credit score.

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