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Offered by: Services CU

Continental Finance Matrix Secured Card - OFFER EXPIRED

  • The Continental Finance Matrix Secured Card allows consumers with limited or no credit files to receive a major credit product.
  • With this card, you will have access to millions of merchants as well as be able to make purchases over the phone and Internet.
  • No application fees.
  • Use your card at locations everywhere Discover® is accepted.
  • Build positive credit by making monthly payments on time.
  • Free online account access 24/7
  • Fast and easy application process; results provided in seconds

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
N/A
Typical Low: N/A
Typical High: N/A
   

N/A

See Terms

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N/A

 

 

 

 

* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate

See Terms

Annual Fee

$75

Late Fee

Up to $35

Cash Advance Fee

5%, Min: $5

Balance Transfer Fee

N/A

Saving Details

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost

$0

$0

$0

Interest Savings on Transferred Balance

$0

$0

$0

Interest Savings on New Purchases

$0

$0

$0

Value of Rewards on New Purchases

$0

$0

$0

Value of Bonus Points

$0

$0

$0

Annual & Application Fees

‑$75

‑$75

‑$75

 

Savings

Total Annual Savings

‑$75

‑$75

‑$75

Total Savings over 3 Years

‑$225

Credit Card Usage Profile

Transfer a Balance
Edit
  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: $75
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Note: Sample data consists of Credit Karma members who hold this card.

Compare Holders of This Card

Continental Finance Matrix Secured Card - OFFER EXPIRED Cardholder Comparison Coming Soon!

We’re working hard to collect and analyze information about typical cardholders. When we have enough data available, you’ll see charts and statistics about this card, right here on Credit Karma. Check back often for updates!


18 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

Don't apply for this card Helpful to 3 out of 3 people

I had this card for a year, the billing is terrible. I paid it off last october, received a phone call today from someone, they hung up on me when i said hello. So i called them back, its a collection agency stated I owe over $500.00. Mind you I paid them off 4 months ago. She told me the last time they received a payment was in June of last year. When i told her i didn't have the card, never did she told me i was committing fraud, and hung up on me. I rechecked my records and i did pay the card off, so where is the money and why haven't i received a bill?

Jan 22, 2015
Worst card I have EVER HAD! Helpful to 1 out of 1 people

I got this card with $750 secured line, then raised it to $1100, they chages the card from Discover to Mastercard and closed the old account. So now it reports as a 2 different cards with short history. The card won't give anyone an increased line, even if youwant to add a large deposit. hey are basically in limbo. I just keep it open to keep a long history of paying on time. DON'T WASTE YOUR TIME!

YVETTE515's response was:    

 
Nov 20, 2014

YVETTE515(7, 76)

Be Aware! Helpful to 3 out of 3 people

I had this card for 1 year to help in rebuilding my credit.  Partially secured.  Payments do not post in a timely manner and expensive alternatives to what you would want as reasonable customer service.  However, I looked at it as the price you pay for being in the position of having to rebuild your credit.  After 1 year of paying my balances off in full each month on time I had to make a choice to renew the card, which is done automatically unless you cancel within 60 days.  What changes is that you pay another $75.00 annual membership fee, along with a $12.00 per month maintenance fee and any other charges that customarily are associated with the account for paper billing and phone payments, etc.  Thankfully my credit has improved and I do not need to pay these kinds of fees for a low limit card.  I chose to cancel my account.  After talking to the rep and closing my account, I should have received half of my security deposit back.  A month later I receive a phone call from their collections department stating that I owe them an excess of $130.00.  After an argument with their rep and her manager, I was told that they would be back in touch with me after ordering my last two recorded phone conversations with customer service so that they could determine if I was telling them the truth, because they did not have the mental acuity to look at the obvious mistakes and crunch the numbers.  I also told them I wanted a copy of the phone conversations, which they didn't think they could do, but they could make it so I could also listen to the calls when they did.  5 days pass and I did not get a call back from Customer Service so I called.  The manager had "just" receved the recorded calls but was unable to play it from her computer station so she would call me back from her superior's office in 5 minutes.  40 minutes later I get a call from her that they could not get things to work so I could hear the calls.  She told me the good news is that I only owe them 67 cents and they zeroed out my account.  She didn't want to hear me when I said that is all well and good, but you actually owe me money.  Still after rounds with her, where she understood what I was saying, but because of the way their system works they could not refund me anything.  - Not exactly my problem.  Her superior also was rude and did not want to listen to my reasoning.  They do not understand that they cannot charge you late fees and maintenance fees when they do not credit back their annual membership fee in the month it was charged.  I told him that it was not worth my time to try to explain/argue this with them anymore and to provide me with written proof that my account is closed and zeroed out.  It is not a matter of the amount of money that is due back to me, but the principal.  They will find ways of hanging on to whatever money than can from you.  My advice is if you need to use this card to rebuild your credit, the sooner you can cancel it and move on to better credit providers - DO IT!

Aug 20, 2014
worst credit card ever!

worst credit card i ever had. 30% interest rate and charge you to pay over phone!!

Mar 04, 2014
Not good Helpful to 1 out of 1 people

I have had this card a little over a year. The purpose was to rebuild my credit. There has never been a late payment on this card. My limit was raised from $300 to $400 in the first year. After the first year I was charged the $75 yearly fee, a $12 monthly maintenance fee, and a $35 late fee. When I called I was told that after the first year the terms are to charge this monthly fee of $12.  I then asked why I had a late fee when the payments are always on time. I was told this would be removed with no explanation, and it was. The next month again a $35 late fee, so I called again. I spoke with a man that was very rude and told me the problem was that I was making my payments to early so it went on the previous biling cycle. Now when you make a monthly payment every month on the first, this just doesn't make any sense. I was then transferred to a manager and he removed the $35 late fee. The manager then told me to make my payments on the 2nd of each month and this would not happen again. So be aware that after your first year you will be paying a $75 yearly fee, a $12 monthly fee, and will need to make numerous calls to have extra charges removed. I will be closing this card even if this lowers my score as these charges are ridiculous. When you are rebuilding credit it is understood that there will be higher fees, but this doesn't have to mean that you should be totally ripped off.  I have not had these problems with Capitol One. Also this card has just changed from Matrix Discover to Matrix Mastercard.

mackinawbridge05's response was:    

 
Dec 08, 2013

See all 18 Reviews of Continental Finance Matrix Secured Card - OFFER EXPIRED

† Credit Karma estimates your Approval Odds by comparing your credit profile with data about other members who were approved for this product. Though Approval Odds do not guarantee approval, they can show you which products may be a better fit for you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from November 2014 through April 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.