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Matrix Discover

Frequent Contributor

Matrix Discover

Got a pre-approval in the mail. Mind you, I am rebuilding my credit so my offers haven't been great ones but...

 

$75 annual fee.

$144 annual fee for god knows what which is spread out for $12/month.

For a $300 CL. Smiley Surprised

 

Seriously? People actually apply for these!? Bad or no credit... I would never pay $75 for a $300 CL!!! Crazy.

Message 1 of 12
11 REPLIES
Moderator Emeritus

Re: Matrix Discover

These cards are terrible... run; as fast as you can!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Message 2 of 12
Frequent Contributor

Re: Matrix Discover

I shredded it! No way!

Message 3 of 12
Valued Contributor

Re: Matrix Discover

Totally glad they cannot issue these in Connecticut...I guess they were blocked from doing so after the first legal spectacle with Continental Finance.

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Message 4 of 12
Established Contributor

Re: Matrix Discover

they are good bank to people whoever want to BK

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Message 5 of 12
Established Contributor

Re: Matrix Discover

It's terrible! I can imagine what kind of APR they must have, let alone for cash advance. Smiley Indifferent

Gardening Since: March 4, 2013.
In My Wallet: Chase: Freedom Visa Signature | Sapphire Preferred World Mastercard. |
Message 6 of 12
Frequent Contributor

Re: Matrix Discover


ObeyJohnny12 wrote:

It's terrible! I can imagine what kind of APR they must have, let alone for cash advance. Smiley Indifferent


If I remember correctly, it said 29.99% APR I believe!

Message 7 of 12
Mega Contributor

Re: Matrix Discover

And the hilarious part of it is myFICO says they are the top bad credit card!!

 

myfico.PNG




EQ FICO 548 3/3/16
Message 8 of 12
Super Contributor

Re: Matrix Discover

They must have 2 promo's 

mine said 39% 1500 

Marked return to sender on it....let em pay postage twice on it Lol

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 9 of 12
Established Contributor

Re: Matrix Discover


LS2982 wrote:

And the hilarious part of it is myFICO says they are the top bad credit card!!

 

myfico.PNG


Lmao!!

Gardening Since: March 4, 2013.
In My Wallet: Chase: Freedom Visa Signature | Sapphire Preferred World Mastercard. |
Message 10 of 12