Continental Finance MasterCard®
Overall Rating |
Benefit Rating |
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|
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- Get Your Application Results in Seconds
- Monthly Reporting to the Major Credit Bureaus
- Free Online Access
- Excellent Online Tools for Managing Your Finances
- Semi-Annual Credit Limit Increases
- No Minimum Monthly Income Requirements*
- Unsecured MasterCard Accepted at Millions of Locations Worldwide
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APR |
Annual Fees |
Credit Type |
19.92% |
$50 |
Bad (600-650 FICO credit score) |
The Continental Finance MasterCard®, issued by First Bank of Delaware, is a credit card designed for those with poor credit who would like a second chance.
The main benefit of the Continental Finance MasterCard is that it reports to credit bureaus. This is a rare opportunity for those with poor credit who would otherwise only qualify for secured or prepaid cards, which often do not report to credit bureaus or charge fees to report to credit bureaus.
The Continental Finance MasterCard has an above average APR of 19.92%, and it has an average annual fee of $49. It also charges a monthly maintenance fee of $10 ($120 per year). There is a one-time account set-up fee of $99 and a one-time program participation fee of $89. This means that the total amount of fees that a cardholder can expect to pay in the first year will be $357.
Cardholders will also receive free online access, excellent online tools for managing their finances, and semi-annual credit limit increases.
Therefore, those who want a second chance with their credit, do not mind paying the various fees, and would prefer an unsecured credit card may find the Continental Finance MasterCard to be beneficial.
Review Date: 11/13/2007
Continental Finance MasterCard
Most Attractive Feature(s): Reports to credit bureaus; no security deposit required.
Least Attractive Feature(s): Annual and monthly fees.
Additional Perks
Various Internet account related services.
Access to semi-annual credit limit increases.
See website for additional benefits.
Important Notations
***There is a one-time account set-up fee of $99 and a one-time program participation fee of $89.
There is a $25 fee for credit limit increases.
There is a $4 fee for Internet payments.
See website for complete terms and conditions of card usage and application disclosure.
You may also be interested in the
Continental Finance Gold Mastercard®
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