Credit Card Review & Application

Continental Finance Matrix Discover credit card (Secured)

4.0

out of 5

- The Continental Finance Matrix Discover® credit card accepts individuals of all credit types
- No application fees or processing fees
- Use your card at locations everywhere Discover® is accepted
- Free online account access 24/7
- Fast and easy application process; results provided in seconds
- Build positive credit by making monthly payments on time



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: 29.99% *
Annual Fee: $75*
Card Issuer: Service Credit Union
Card Network: Discover®
Card Category: Consumer (Secured)
Card Type: - Card for Bad Credit
- Co-Branded Credit Card
- Instant Decision Card
Credit Needed: Bad Credit OK*

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Anyone with poor credit can get a credit card without it being a prepaid one. The Matrix Secured Card is designed for those with fair to poor credit that are unable to get traditional, unsecured credit cards. The secured card means paying a security deposit, but it allows a person to establish credit again. The card reports to the credit bureaus monthly, making it possible to improve a credit score faster.

The card is affordable. There are no application fees. The credit line is low, which will make the monthly minimum payments low as well. As one improves credit, they can switch to the unsecured card and begin to apply for lower APR cards as well.

Discover is accepted at millions of locations. Cardholders will be able to make purchases nationwide or internationally. The card can also be used online, over the phone and at local merchants. It can be used at gas pumps, kiosks and anywhere else. This will make it possible to purchase on credit when cash is not an option

Online account management is possible. The cardholder will be able to create a username and password for a secured connection. Once logged on, it will be possible to view account balance, credit line available, past transactions and much more. Statements can be read on the screen, printed or downloaded to the computer. The monthly bill can be paid online for added convenience. This saves time and a postage stamp. Customer service can also be contacted online for various reasons.

When it's necessary to talk to a customer service representative, they can be reached with a toll free number. There is no charge to talk to a representative. They can answer questions about an account, help to dispute charges on the account and much more. The representatives are available 24 hours a day, 7 days a week.

The application for the card is available online. It will take just minutes to complete the details of the application, covering basic personal information. After the application is submitted, a credit decision will be provided within minutes. If a person is approved for the card, they will be told about the security deposit. Once that has been paid, a card will be mailed out and features will begin.

Other Benefits: *See Terms and Condition
Credit Reporting: Yes
Online Account Access: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: 29.99% *
Annual Fee: $75*
Grace Period: 25 days*
Min Credit Line: $300
Late Payment Fee: $35.00*
Balance Transfer: No
APR Cash Advances: 29.99%
Cash Advance Fee: 5.00%
Minimum Fee: $5.00
Additional Fees Foreign transaction fee: 3%
Returned payment fee: $35.00
Monthly maintenance fee (billed annually): $144
We do not offer online application for this card at the moment.


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† The information provided for Continental Finance Matrix Discover credit card (Secured) is believed to be accurate at the time of evaluation (Jul 2, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.




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