A Matrix Secured Credit Card is issued by Continental Finance and can be used where Discover payment network is accepted. This card is specifically designed for people with insufficient or imperfect credit. It allows consumers to use a credit card even though they have limited or no credit details. And it can be used to make transactions at millions of merchants worldwide that accept Discover.
[jwplayer file="http://www.youtube.com/watch?v=Pq0BEmEXMaw"]If you have poor credit, traditional credit cards are hard to qualify for. However, secured credit card can be an option. This video explains How Does A Secured Credit Card Works and what you need to know to successfully rebuild your credit using one.
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This particular card is also perfect for people who are looking to repair their poor credit. This secured credit card is given in exchange for a deposit against the cards credit limit. So, your money is properly secured and accounted for, and it will prevent you from maxing out your cardAAÃ¢Â€ÂšAÃ¢Â„Â¢s limit.
1. No application fees
Compared to other credit card issuers, like New Millenium Bank Secured Credit Card, BECU secured credit card, Centennial Secured Credit Card, Bank of the West Secured Credit Card, Secured Credit Card Quebec, Applied Bank Secured Credit Card, Providian Secured Credit Card, Secured Credit Card Hawaii, Suntrust Secured Credit Card, Ontario Secured Credit Card, BOA Secured Credit Card, and Woodforest Secured Credit Card getting approved for this card is easy, fast and free.
2. Online Access 24/7
With this feature, you can access your account online anytime, anywhere. You can opt to receive your bill online, so you can easily check your statement details like payment history and remaining balance.
With the Fraud Liability policy set in place, you are protected if your card is lost or stolen and used without your authorization. With this added security feature, your card will be protected from unauthorized charges.
4. Credit protection
In the event that you lost your job or you were hospitalized or become disabled, six months of payments will be covered if you opted to the Credit Protection Program. This financial back up will be helpful as you try to recover from your job loss or hospitalization or disability.
5. Use Matrix Secured Credit Card everywhere
Since this card is under the Discover payment network, which is recognized worldwide, you can use this to shop everywhere where Discover is accepted.
1. Improve your finances
If you want to properly manage your finances, using a secured credit card is the best way to do it. Your online shopping will be safe and convenient, because your money will be secured and safeguarded. It will also prevent you from making impulsive purchases that can ruin your budget, and stop you from maxing out the credit limit of the card.
2. Limited or no credit history is accepted
Normally, banks will not approve your credit card application if you have no prior credit activity that they can review. But with Matrix Secured Credit Card, this will not be a major concern. You can still get approved for a credit card even if you lack a credit history. And the application process is very easy and fast.
3. Rebuild your credit history
If you happen to have a poor credit standing or history, using Matrix Secured Credit Card can give you the chance to rebuild and rehabilitate your bad credit. If you make your monthly payments regularly and on time, your credit standing will improve in no time. And once your credit has improved, you can then better manage your finances.
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