Continental Finance Matrix Discover® Credit Card for People with Bad Credit
Continental Finance Matrix Discover® Credit Card for People with Bad Credit Summary
An excellent credit card for rebuilding bad credit scores
Reports to 3 major credit bureaus monthly
Individuals of all credit levels are approved!
Use your card at locations everywhere Discover® is accepted.
Creditnet's Full Review
It can be very difficult for those of us with poor, limited, or no credit history to be approved for a credit card. But we all know one of the best ways to build (or rebuild) positive credit history is with responsible use of a credit card.
Enter the Continental Finance Matrix Discover® Credit Card, one of the best credit cards for bad credit available today. The Matrix Credit Card is custom fit for people with bad credit who need a credit card in their name. Although you will be charged an annual fee of $75 (and after your first year, you'll be charged a monthly maintenance fee of $12), this card can be a great first step to building positive credit history if you have run out of options.
There are three versions of the MAtrix Discover card: unsecured, secured, and partially secured. Provide some basic information and you'll be offered the type of card that best fits your financial situation. At that point, you can choose whether or not you'd like to move forward with the application.
Here are some more details on the Continental Finance Matrix Discover® credit card:
Build positive credit. Make monthly payments on time, stay within your credit limit, use this credit card responsibly and you'll start building positive credit. Since this is a credit card (not a "debit" card), your payment and usage activity is reported to the 3 major credit bureaus each month.
No application fees. It will cost you $0 to apply for this credit card.
Enjoy the convenience of a credit card—online, over the phone, and in person. No more PINs to remember, no more heavy wads of cash to bulk up your wallet. And if your wallet is lost or stolen, simply call customer service and your card will be immediately deactivated and replaced.
Use everywhere Discover® is accepted, even online. Anytime you see the Discover® logo, you can use your Continental Finance Matrix Unsecured Credit Card to pay. Discover® is widely accepted worldwide!
Keep tabs on your spending with free online access 24/7. Keep track of your spending, balances, and payments to help you stay within your budget. Through online account access, you can also pay your credit card bill and enroll to receive online statements in addition to viewing your recent transactions, payment history, and current balance.
Easy application, quick response. It only takes a few minutes to fill out the easy application. Once submitted, you'll receive results of your application in a matter of seconds.
Pay no interest on purchases. When you pay your entire balance by the payment due date (at least 25 days after the close of each billing cycle), you won't pay any interest. Other subprime credit cards may provide you with no grace period, charging interest starting the day you make a purchase. But you can avoid interest charges altogether on your purchases when you pay your bills in full and on time each and every month.
Creditnet's Expert Rating & Review
The biggest pro of the Matrix credit card is that it gives people with bad credit the opportunity to have credit in their name again. With responsible use (we recommend paying your bills on time and in full every month), you could see a positive effect on your credit score. We also like that you're presented with the type of card that will best fit your financial situation. After you fill out a simple form with basic personal information, you'll be shown which version of the credit card best suits you, increasing your chances of approval. Then, you'll have the ability to choose whether or not you'd like to continue and apply for the card.Least Favorite Features:
The annual fee and monthly maintenance fee (waived the first year) are substantial, but for those who have been unsuccessful at being approved for other credit cards, consider this the cost of having the chance to improve your credit. These fees are automatically charged to your card, thereby lowering your available credit. As this is a credit-building credit card, your credit limit will be low. With a period of responsible use, however, your credit scores should improve to the point that you can apply for other credit cards (like credit cards for fair credit) that will offer you a higher credit limit.Our Final Take:
The Continental Finance Matrix Discover® credit card allows consumers with damaged credit to add positive credit activity to their credit history. This card is a good choice if you've exhausted all other options, despite monthly fees (waived the first year), annual fees, and a low credit limit. If you're worried about being denied again, fill out the simple form to see if any versions of the credit card fit your financial situation (this will not appear as a credit application on your credit report).
Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.
|Intro APR:||N/A||Credit Required:||bad|
|Intro Period:||N/A||Set Up Fee||$0.00|
|Ongoing APR:||29.99%||Annual Fee||$75.00|
|Ongoing APR:||N/A %|
|✝ Must initiate transfer:||N/A|
|Advance Fee:||Either $5.00 or 5% of the amount of each cash advance, whichever is greater.|
|Min. Interest Charge:||N/A|
Up to $35
|Over the Credit Limit:||N/A|