Reply
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Approved!

[ Edited ]

What are the fee's? Is it just an annual fee, or are there monthly fees as well? Nevermind, I found the fees...ouch that is horrible. Did you make a post before apping? We probably could have found you something better. Be sure to cancel before you get hit with another AF, plus the monthly fees.

 

The Matrix card makes sure to celebrate your anniversary as a cardholder with a mess of fees you wouldn’t wish upon your worst enemy. As soon as the 12-month CARD Act protection expires, these fees are immediately effective:

  • Monthly maintenance fee of $12 per month (on top of your annual fee)
  • Cash advance fees of $5 or 5% of each transaction
  • 3% foreign transaction fee
  • $25 late payment fee each billing cycle, turning into $35 if you’ve missed 6 cycles
  • $35 returned payment fee
  • Credit limit increase fee of $30 for every $100 increase
  • $30 one-time fee per additional user on the card
  • $4.95/month fee for paper statements (online banking is free, but make sure to manually opt out of paper statements to avoid fees)

http://www.nerdwallet.com/blog/2012/matrix-credit-card-afraid-afraid/

 

A secured rewards card is always a better option. Why pay fees when you can secure the funds and earn interest on the money instead of paying it to a bank to never get it back.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.