Continental Finance MasterCard
64Continental Finance MasterCard information
This MasterCard credit card is issued by First Bank of Delaware and it looks to be a decent solution in terms of credit cards for poor credit. Having a not so good credit rating, you can still get Continental Finance MasterCard credit card. It's an unsecured credit card with pretty high fees (expectable for all credit cards for poor credit).
Good sides:
- You can get it easily, even with poor credit
- You can use it for every occasion you need a MasterCard, just like any other MasterCard
- There are no minimum finance charges
- 25 days of grace period
- Monthly periodic rate results in lower effective rate
- Decent amount of good reviews for Continental Finance MasterCard by users
- Reports to major credit bureaus
Bad sides:
- Pretty high one time fee (understandable because it's a credit card for poor credit)
- Pretty high annual fee (also understandable for reason above)
- Available only in the USA
What it offers:
- Real MasterCard for all your MasterCard needs
- Poor credit friendly
- Monthly periodic rate resulting in lower effective rate
Summary:
Continental Finance MasterCard could be your choice for a credit card for poor credit. Downsides such as high fees shouldn't turn you away because you need to expect them with all credit cards for poor credit. Good luck!
CommentsLoading...
high fees understandable, but $200 for APPLICATION FEES? Then they charge the annual fee now? That's 250.00 and got a credit of 300? so that leads me with 50 to spend? NOT WORTH IT!!!
Yes, it's a lot, but still... this is a credit card for poor rating and high fees are expected.
This is the worst card you can ever get. DO NOT GET THIS CARD!!!!! They are a scam. They are suppose to help you get your credit back, instead they ruin your credit. There are monthly fees even if you don't use the card. There are charges I never even herd of. Trust me this card sucks!!!!!!!
I use it..and have absolutely no issues with it. Works for me and I reccomended it to my sister and works for her too!
To Veronica: I'm pretty sure that all the fees are in the papers you signed, you have to read more carefully what you sign. Also, many people report that this card is good, you can see that in the comments here too.
This card sucks. I have had my card for 1 1/2 years. At first it was good. Then once they moved me to Gold, my service with them hit rock bottom. I made a payment, they subtracted 4 payments from my bank account all the same day, left me with some bounced checks. Two months later, they tried again, after I had already paid them and had a long term stop payment with my bank on them. Do not get this card!!!
THIS CARD DOES IN FACT SUCK! VERONICA IS RIGHT AND SO IS JAMES - $250 FOR $300 DOES NOT WORK AND DID IN FACT LEAVE ME WITH $50 , I MADE PAYMENTS AND INSTEAD GOT SCREWED OVER AND NOW MY CREDIT IS WORSE AND MY NEW OWED BALANCE IS 696.84!! IF YOU GET THIS CARD DO NOT USE THEIR "HELPFUL MONEY" YOU'LL SPEND THAT $50 FOR AN EMERGENCY AND WIND UP OWEING ALMOST $700 OR MORE. HOW THE HECK DOES THAT HELP ME! DO NOT USE THIS CARD
I just got my card today... $300.00 limit fee pre taken out $253.72 bal of aval credit $46.28 I know that tey had listed the fees in the disclosure, however only a credit line off $300.00 they can KISS MY ASS!!!! I called and asked if I will be charged seems I have not activated the card and they said no, I sure hope so.... People I know times are tough but don't let assholes like this take advantage of you and your family. The feds should put them out of busness!!!!
i got my card and it ok for me right now
the people posting good things about this card on this site and others work for continental finance.
Ive had the card for about 6 months. Then all of a sudden i started getting phone calls. starting at around 8am on thanksgiving day. Asking me if i want to pay my next bill.. Which was not due yet. My bill was always paid on time, Yet they have been harassing me with 10+ calls a day asking me to pay my "nearly due" payment. Wich i still have weeks to pay. Then i aked them to please stop calling. The woman on the phone said "i'll call whoever i want, Whenever i want" and she hung up on me. Just run a google on the company's name. You will see hundreds of other complaints of the same nature..
Here is what i think they are doing. They hit you with $250 or so of fee's before you even use the card. It is my firm belief that what they do is allow you to activate the card, And if youre lucky even get some use out of it.. Then they sttart harassing people, in hopes they will pay off the card and cancel the account. Because if you just pay them the balance and close the card, before you have really even used it, they just made $250 for absolutely nothing. I had also read that people had closed their accounds, and still revieced bills every moth after cancelling the card. and the company would not do anything about it. VERY shady company. and i am going to be contacting the attourney general.
We have had the card for almost a year now and really have no problems. Yes the fees are high, but we didn't get this card so we could run out and buy stuff. A revolving credit account in good standing is very important to getting your credit scores up. That is why we got it. We have been paying the minimum and every month they report that we pay on time and our scores go up. Once we get them to a high enough number to qualify for a card with less fees and a better intrest rate we will pay it off and eventually close it out. In theory these cards are really for "buying" a better credit score.
In refrence to "shawn's" post: we got one of those calls before our very first bill was due. Once we made our first payment on time they never called us again.
Do not get this card! It is horrible. I've had card for 3 years - always paid balance off but every time I went to use it there was a problem - card was declined saying I didn't have credit when I did - everytime I called customer service they blamed it on Mastercard but as I told them I have other Master Cards and this only happens with them - I cancelled this card because they are pathetic!
Hands down best card i've ever owned they've really helped me build a solid and stable credit score i approached this company when i had seriously a 430 credit score.. that's the lowest you can go. THE LOWEST. over the course of 3 years I've had multiple credit line increases AND best of all they've helped me get a new capital one card.. AND that's not all people i just checked my credit score yesterday 3/10/10 and it was at a 690. a Friggin 690 for equifax and a 670 with TU. this card really makes me want to cry with how much they helped me but alas nothing last forever. I will cancel this card once i transfer my balance over to my capital one card. The fees are high and that is the reason I'm leaving. However for the while they were the best and the ONLY thing I've ever had.
stay away from this one, internet payment fees, "account maintenance fees" of 18 dollars a month, they never increase your credit limit, i have had it for 3 years and have gotten one credit limit increase of 150 dollars, and with all the fees its a black hole for money, if you have bad credit find out why, pay off the bad debt, and wait. While waiting stay away from garbage credit cards because getting them did not help my score at all. Only time did. But if i used them i certainly saw a drop in my score, so once again garbage.
i have had this credit card for about 3 years. to say in the least it does suck. the fees are so high that it hurts but i guess that's the price you pay when you credit is not so great. the card is getting better though. they are leaving first bank of Delaware. all in all avoid this card. get a secured credit card and wait till your credit gets better to apply for a quality credit card.
I don't work for Continental, but i had the card for 3 years, never had a single issue with it. 2 credit limit increases, my interest rate had always been 9.9% and decent customer service.
I never been past due with them always try to pay off my balance, and really i went from 0 credit to having 5 credit cards and still have my continental vip master card
It is a scam. Write your congressman and demand that it be outlawed.
I never had a card through these people and now i am receiving a debt collection from them saying that i owe them money but when i asked them for the records of the spending on the account they "mysteriously" don't have any records to send of it that they can send me.... they scammed me... DON'T LET THEM SCAM YOU TOO!!!!!
I've had this card for a little over 3 years now. I've never had a problem with it. Yes taking out $250 is stupid, but you have to understand they do it for people who screw them over. Like I said I've had it for a little over 3 years and my credit limit is now $750. The only problem I have with this card is they only raise your limit $75 every six months you're in good standing. Because of that it takes forever to get to the $2000 maximum limit.
Jerome 4 years ago
If you are looking to get early benefit of credit cards while improve your credit score, this is certainly a good option to have. We only need to allocate some cash on the first fee.