Continental Finance focuses on bank cards for individuals with below-average credit histories. Whereas playing cards similar to these might help you enhance your credit score for those who make your funds on time, the charges you’ll pay make them not harmful. Our full overview / evaluation of Continental Finance bank cards is beneath:
Final we appeared, the most typical present card being provided by Continental Finance was the Matrix MasterCard, however you might also see playing cards just like the Reflex, Match, Verve, Surge, Cerulean or Merely Gold playing cards, in addition to playing cards branded with the Continental Finance identify. Most of them provide comparable phrases.
These Continental Finance playing cards are unsecured, that means you don’t must put a safety deposit down in an effort to get them. Nevertheless, you will still pay:
- An annual price of $125 for the primary yr; this instantly comes out of your $500 credit score line, that means you’re right down to a $375 credit score line earlier than you ever use the cardboard.
- After the primary yr, you’ll pay a $96 annual price.
- After the primary yr, a $10 month-to-month upkeep price kicks in.
- In case you don’t pay your stability off fully every month, you can be charged curiosity at 30.49%
In our view, this can be a excessive hurdle to get a bank card. In lots of circumstances, you’d be higher off making an attempt to rebuild your credit score with a secured bank card. A secured bank card requires you to place down a safety deposit in an effort to get the cardboard, however the charges are normally not as excessive. See our Secured Credit Cards page for an inventory of secured bank cards — a few of which promise you’ll be thought of for an unsecured card after a yr of on-time funds.