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Continental Finance Credit Card Review
This card has an initial credit limit of $300. With semi-annual credit limit increases up to a maximum limit of $2000. This card does report monthly to all three credit bureaus. It is frequently used as a second chance credit card. This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill. These two factors carry a lot of weight when your credit score is being calculated. We do encourage you to remove any derogatory items on your credit report too. This card is unsecured which means that you do not have to put a deposit down. However you will have to pay an annual fee. This is typical with sub prime cards. It does offer 9.75% APR, which is well below the standard 19% APR that most sub prime credit cards offer. It is accepted at millions of locations worldwide. They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application. This card is issued by the First Bank of Delaware. This bank has a long history of lending in the sub prime market. In addition you will receive online account access. This card works just like any other credit card, you will be responsible to pay your monthly bill. The alternative is a secured credit card. However with this card it will take you longer to rebuild your score because this card is reported to the bureaus as a secured line of credit. You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau. In sum we do suggest the Continental Finance MasterCard and with proper use you can rebuild your credit score. You don't have to just live with bad credit you can take steps to improve your score and lower the cost of getting credit. Article Directory: http://www.articledashboard.com For more about the Continental Finance MasterCard or for a review of another suggested unsecured sub prime card the Tribute MasterCard or for a review of the popular Orchard Bank Card visit us. |
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