Reflex Credit Card Review – Avoid At All Costs

Introduction

It seems every few months continental finance (issued by Celtic Bank) send out a mass of pre-approved offers for a different credit card. The latest batch seem to be for the Reflex Credit Card (I haven’t linked to it, because I don’t want it to rank in the search engines). One of my favorite things to do is to review these cards, in the hopes that somebody will read the review before thinking about applying and end up with a vast array of much better options.

Card Basics

Let’s take a quick look at this card to see why I don’t want anybody to apply:

• Annual fee $125 for the first year, then $96 annually
• Monthly maintenance fee $120 annually ($10 per month) not charged first year
• $30 additional card fee
• No rewards program
• 30.49% APY

Our Verdict

Year one you get hit a $125 annual fee, year two onwards is actually worse though due to that monthly maintenance fee – you’ll be paying $216 per year then. These card issuers will try and say that they are serving a market segment that is high risk and because of that these fees are needed.

My argument is that even if a consumer has terrible credit, they still have so many options that are much better than this card. For example:

• Discover offers a secured credit card, you’re required to put down a security deposit but it’s still much better than paying these massive fees. It also comes with a rewards program that is extremely generous for a secured card & and it can unsecure to a normal credit card after only 7 months.
• You can use the shopping cart trick to get some cards without a credit checking being done. These do not have excessive fees.
• Here’s a list of the easiest credit cards to get.
• You might be eligible for better cards than you expect, check online for pre-approved offers.

I’m trying to review as many of these bad cards as possible, hopefully this blog can save at least a few people for signing up for them. You can read other reviews of bad cards below (if you have a suggestion for another card to review let us know in the comments):

• A New Contender For The Worst Credit Card: Verve Credit Card Review
• Surge Card By Celtic Bank Review – Taking Terrible Credit Card To A New Level
• The Worst Credit Card That Exists
• Matrix Mastercard Review – This Card Is Terrible
• Milestone Gold Credit Card Review – An Honest Review Of A Bad Card