Question 1

What is the Reflex Credit Card?

Accepted Answer

The Reflex Credit Card is a credit card designed for individuals who want to rebuild their credit. It's issued by Continental Finance and underwritten by Celtic Bank. This card is an excellent option for those with low credit scores or recent bankruptcy filings.

Question 2

How can I apply for the Reflex Credit Card?

Accepted Answer

You can apply for the Reflex Credit Card by visiting their official website. However, please note that the application process may be temporarily unavailable due to maintenance. Be sure to check back for updates on its availability.

Question 3

What credit score is required for approval?

Accepted Answer

One of the appealing features of the Reflex Credit Card is that it is designed for individuals with low credit scores. While there is no specific credit score requirement, it is an ideal choice for those with less-than-perfect credit.

Question 4

Does the Reflex Credit Card report to credit bureaus?

Accepted Answer

Yes, the Reflex Credit Card reports your payment history to the major credit bureaus. This means that as you make on-time payments, your responsible credit behavior can positively impact your credit score over time.

Question 5

What is the initial credit limit on the Reflex Credit Card?

Accepted Answer

The Reflex Credit Card typically starts with a minimum credit limit of $500. While this may not be substantial, the good news is that they offer periodic credit limit increases. Many clients have seen their limits rise to $750 or even $1,000 as they demonstrate responsible credit management.

Question 6

Is there an annual fee for the Reflex Credit Card?

Accepted Answer

Yes, there is a $75 annual fee associated with the Reflex Credit Card. This fee is deducted from your initial available credit, so your starting available credit limit may be slightly less than your approved limit. However, as you clear your balance, you'll regain access to your full credit limit.

Question 7

Can I get approved for the Reflex Credit Card with a recent bankruptcy on my record?

Accepted Answer

Yes, one of the notable advantages of the Reflex Credit Card is that it is accessible even if you have recently filed for bankruptcy. It's one of the few credit cards that offer approval in such cases.

Question 8

How long does it take to see improvements in my credit with the Reflex Credit Card?

Accepted Answer

The time it takes to see improvements in your credit will depend on your specific financial situation and how responsibly you manage your credit. Making on-time payments, keeping your balance low, and using your credit responsibly are key factors in rebuilding your credit.

Question 9

What are the alternatives to the Reflex Credit Card for rebuilding credit?

Accepted Answer

While the Reflex Credit Card is a valuable option, there are other credit cards designed for individuals with poor or fair credit. Some popular alternatives include secured credit cards and credit builder loans. Research and compare these options to find the one that best suits your needs.

Question 10

Is the Reflex Credit Card worth it for rebuilding credit?

Accepted Answer

If you're in a situation where you're looking to rebuild your credit, the Reflex Credit Card can be a valuable tool. While it does come with an annual fee, it provides an opportunity to establish a positive credit history and open doors to better credit opportunities in the future.