The card is currently only available to those who receive a mail offer – like the Verve Mastercard.įortunately, Continental Finance offers other credit cards that are available for application, including the FIT Platinum Mastercard, the Reflex Platinum Mastercard, and the Surge Platinum Mastercard. If you have bad credit, the Cerulean Mastercard might be a good option to help re-establish a positive credit history and reclaim your financial health. Should You Apply for the Cerulean Mastercard Credit Card? Monthly reporting to the three major credit bureaus (Experian, Equifax, and TransUnion).Ability to use anywhere Mastercard is accepted worldwide.Mastercard Zero Fraud Liability coverage.Other notable features of the Cerulean Mastercard include: This program also pays off any balance in full, should the cardholder pass away. The program covers up to 12 consecutive minimum monthly payments for those that meet the qualifications. This protection benefit serves as a debt cancellation program if the cardholder loses their job or becomes disabled. If selected, Continental automatically bills this fee each month. Cardholders can access this feature by paying $0.99 for every $100 in outstanding balances on their card account. Like other continental Finance products, the Cerulean Mastercard provides optional access to the Continental Credit Protection program for an additional surcharge. These fees include variable annual and monthly maintenance fees depending on the card offer received and the applicant’s creditworthiness. Additionally, some fees associated with this card may not be present with other similar credit cards. Since good credit is not required to be approved for the Cerulean Mastercard, it features higher interest rates than some other credit cards on the market. Related Article: What Are the Easiest Credit Cards for Bad Credit to Get? Rates and Fees By paying at least the Cerulean Mastercard statement’s minimum amount due every month and keeping credit use below 30% of the overall credit limit, cardholders can build a good credit score over time. Payment history and credit utilization account for two-thirds of what comprises a person’s FICO credit score – the most popular credit scoring model among lenders. Building credit requires responsible credit card use – a process that involves paying on time every month and keeping credit use low.
#CONTINENTAL FINANCE CERULEAN CREDIT CARD REVIEW HOW TO#
How to Build CreditĪt its heart, the Cerulean Mastercard is designed to help establish a positive credit history – assisting the users in graduating to better rewards credit cards in the future. Additionally, Continental Finance may offer credit limit increases after six months should the cardholder make their payments on time and display good financial habits. While the credit limits with the Cerulean Mastercard aren’t exceptional, they do provide access to unsecured credit – something that can be critical for building a good credit score. Successful applicants enjoy an initial credit line of between $300 and $1,000 – with better credit scores receiving higher credit limits Like other credit cards for bad credit, the Cerulean credit card features a modest starting credit limit. Build Credit with Manageable Credit Limits
The card features a fast and easy application process with results available in minutes – alleviating the stress of waiting for a credit card application decision via the mail. The card from Continental Finance is a starter credit card that can help cardholders build a positive credit history with financially responsible use. The Cerulean Mastercard is a credit repair credit card that offers a lifeline for those with bad credit.
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