Reflex Mastercard Credit Card — A Good Option For Building Credit?

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The Reflex Mastercard® Credit Card is available to individuals with a less than perfect credit rating who are looking to build up their credit history.

Primary approval comes through a credit inquiry, but some applicants are offered the opportunity to secure their credit limit with a security deposit if they don’t meet the criteria. The Reflex Mastercard is one of few credit cards that offer both secured and unsecured lines of credit.

Let’s take a look at why you may, or may not, want to apply for this credit card.

Reflex Mastercard at a Glance

The card is a full-service credit card that can be used anywhere that Mastercard is accepted — nationally and internationally.  The card is issued by Celtic Bank but is managed by Continental Finance that provides customer support for registrations and inquiries.

Reflex Mastercard Application Process

Customers can apply by completing this online form, and the results can be available in just a few seconds (although this can take up to 30 days with individual cases). Alternatively, applications are also accepted by calling 866-513-4598 or by returning an acceptance certificate that you received in the mail.

When completing your application, the following information is required:

  • Full name
  • Residential address and status
  • Phone number
  • Email address
  • Social Security number
  • Date of birth
  • Income details
  • Employment details

Once approved, your credit card and welcome documentation are mailed within 3 working days. You’ll need to activate your card over the telephone within 30 days of receiving it by calling from the number you registered on your application.

Reflex Mastercard Pre-Qualification

Applications require a credit inquiry, which can deduct points from your credit score. To avoid an unnecessary credit inquiry where approval may not be granted, applicants can see if they pre-qualify without impacting their credit score.

Reflex Mastercard
Image Credit: Reflex Mastercard

Reflex Mastercard Fees

Annual and Monthly Maintenance Fees

The Reflex Mastercard comes with an annual fee that is assessed before you begin to use your card. The annual fee reduces the amount of credit you have.

After the account has been open for a year, a monthly maintenance fee may be charged.

Interest Rate

The interest rate charged on the Reflex Mastercard is a variable APR. As this is a variable rate, it is subject to change depending on the market rate. Provided you pay your full monthly balance, you will not incur any interest on your account unless you have used your card for a cash advance.

To see the APR, please see card’s terms.

Cash Advance Fee

Cash advances incur the same interest rate as purchases, but unlike purchases, the interest builds from the day the transaction occurs. In addition to the interest, cardholders are also charged a cash advance fee.

A cash advance is an expensive way of obtaining cash, so you’ll want to avoid this at all costs. Although cash advances don’t directly impact your credit score, the increased interest you’ll incur could push you well over your 10-30% credit utilization ratio.

Late and Returned Payment Fees

If you’re late on your monthly repayment or an attempted payment can’t be processed, then you may incur a late or returned payment penalty. If the cardholder fails to make a payment within 6 billing months after the initial penalty or attempts another payment that can’t be processed, then a fee is applied.

Reflex Mastercard Credit Limit

For a starter credit card, the Reflex Mastercard has an initial credit limit between $300 and $750, with the potential to increase after 6 months. Most unsecured credit cards granting $300 initially. The credit limit is less any service fees, so customers are left with a credit limit of around $400 once the annual fee has been deducted.

Applicants who do not meet the application requirements may be offered the opportunity to submit a security deposit to qualify for the credit card. Credit limits will still fall between $300 to $750, but a security deposit may be required at the discretion of Continental Finance.

Reflex Mastercard Credit Increase

After 6 months of responsible account management, such as paying off monthly minimum balances and avoiding late payments, cardholders may be offered a credit limit increase. Initially, this would increase to $1,000 to a maximum of $2,000 over time.

Hot Tip: With a high APR and annual fee, the Reflex Mastercard is not the most cost-effective option for a secured credit card. Alternatives such as the First Progress Platinum secured cards offer an APR as low as 9.99% and annual fee from $29.  

Building Credit

Paying off your monthly balance and not incurring any late payments will help improve your credit rating over time. Once you’ve achieved 6 months of responsible money management, it’s worth pursuing a credit increase to achieve a better utilization ratio.

It’s beneficial to use only 10-30% of your allocated credit limit, which is much easier to do with a higher credit limit. Over time, you could increase your credit limit to $2,000, which would allow $200-$600 of monthly expenditure.

Free Credit Score

When signing up for e-billing, cardholders receive a free monthly credit score to keep an eye on their progress. To enroll, log in to your online account and follow the steps under Account Info to view your VantageScore 3.0 credit score.

Reflex Mastercard Features and Drawbacks

  • Lower approval requirements mean individuals with poor credit may be eligible
  • Applicants can check whether they pre-qualify for approval without a credit inquiry
  • Applicants that are not approved may be offered the option to secure their credit with a security deposit
  • A credit limit may be increased after just 6 months and does not incur a credit increase fee
  • Applicants with a secured deposit may have their credit limit increased without the requirement to increase their security deposit
  • The monthly maintenance fee is not charged for the first 12 months
  • The card offers 0% fraud liability, so cardholders are not responsible for any unauthorized transactions
  • A checking account is required to be eligible for this credit card
  • No activation fee is charged
  • Cardholders are charged a high annual fee and a high monthly maintenance fee regardless of usage
  • The interest rate is high compared to other credit cards on the market

Reflex Mastercard Account Management

Reflex Mastercard Credit Card Online Account
Reflex Mastercard online account. Image Credit: Continental Finance

Cardholders may enroll in online banking to access their account and to carry out the following:

  • Enroll to receive online statements
  • Check an account balance
  • Pay a credit card bill
  • View payment history
  • View previous statements
  • View recent transactions

Reflex Mastercard App

Manage your account on the go by downloading the mobile app from the App Store or Google Play.

Reflex Mastercard Phone Number

For assistance with an account, cardholders may call 866-449-4514 or write to Reflex Card, P.O. Box 3220, Buffalo, NY 14240-3220.

Other Unsecured Credit Cards (Our Recommendations)

Curious about unsecured credit cards worth considering? The Deserve® PRO Card is a great option that earns 3% back on travel and entertainment and 2% back on dining on your first $500 in purchases each month, plus an unlimited 1% back on all other purchases. Not only does it offer a great rewards structure, but the card also does not charge an annual fee!

Another great option to consider is the Petal® Visa® Credit Card. The Petal Visa card is a truly fee-less card as it does not charge an annual fee, late payment fee, returned payment fee, or anything of the sort. As if charging zero fees wasn’t good enough, the Petal Visa card also allows you to earn 1-1.5% in cash-back rewards on every purchase you make, staring at 1% and increasing to 1.25% after 6 months of on-time payments, then 1.5% after 12 months of on-time payments.

Final Thoughts

The Reflex Mastercard can help people get back on track with their credit after troublesome times or establish a credit history when just starting out. The low approval requirements may make this card accessible to those who have been declined from other credit card applications.

Even if you’re planning to pay off your monthly balance, this is an expensive credit card when it comes to its fees. There are alternative credit cards available with cheaper annual fees and no monthly maintenance charge.

If you’re accepted based on providing a security deposit, then this is not the best card for you, as secured credit cards offer a much lower APR and lower annual fees.


Frequently asked questions

What is a Reflex Mastercard?

The Reflex Mastercard is available to individuals with a less than perfect credit rating who are looking to build up their credit history. The card is a full-service credit card that can be used anywhere that Mastercard is accepted and charges a high APR.

What credit score is needed for a Reflex credit card?

Applications are based on a combination of requirements, but customers have been accepted for the Reflex Mastercard with a sub-500 credit score.

Erin Miller

About Erin Miller

Erin currently maintains her status as Alex's adventure-seeking partner-in-crime and contributes to Upgraded Points through in-depth content creation & relationship management.
She caught the travel bug just after high school when her grandmother took her on a two-week, whirlwind trip around Europe. That was that - she's been gallivanting around the globe ever since (26 countries & counting)!

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