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Frequent Contributor
phumanr
Posts: 344
Registered: ‎05-29-2007
0

Matrix Discover

All,

 

I am in the credit rebuilding stage. Does any have any information on Matrix Discover? What are their general limits? I have a dismissed Ch. 13 BK.

Thanks,

Phumanr


Scores are: 661 (Exp.), 643 (TU), and 619 (Equifax).

Senior Contributor
youngandcreditwrthy
Posts: 6,211
Registered: ‎08-16-2012
0

Re: Matrix Discover

Avoid them! They are horrible!
Your scores look high enough to get a GECRB store card.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Member
hawesda1
Posts: 10
Registered: ‎02-04-2013
0

Re: Matrix Discover

+1
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Matrix Discover


phumanr wrote:

All,

 

I am in the credit rebuilding stage. Does any have any information on Matrix Discover? What are their general limits? I have a dismissed Ch. 13 BK.

Thanks,

Phumanr


Scores are: 661 (Exp.), 643 (TU), and 619 (Equifax).





Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
jsucool76
Posts: 3,260
Registered: ‎12-11-2011
0

Re: Matrix Discover

If the credit world was the star trek world, the matrix discover would be khan.

It looks nice at a glance (its a discover card, cool design) but then when you get to know it (read the T&Cs) you realize it is evil and that botany bay was the name of a penal colony on the continent of Australia in 1996....

#nerdgasm.... Combining my favorite things,
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Matrix Discover


jsucool76 wrote:
If the credit world was the star trek world, the matrix discover would be khan.

It looks nice at a glance (its a discover card, cool design) but then when you get to know it (read the T&Cs) you realize it is evil and that botany bay was the name of a penal colony on the continent of Australia in 1996....

#nerdgasm.... Combining my favorite things,

rock1.jpg




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
jsucool76
Posts: 3,260
Registered: ‎12-11-2011
0

Re: Matrix Discover

:smileytongue:

Just a quick PS...

While the matrix card runs on the discover network it isn't an actual card issued by discover. A lot of people don't notice that so they automatically assume its a good card.

ALWAYS READ THE TERMS AND CONDITIONS

that is all.
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Matrix Discover


jsucool76 wrote:
:smileytongue:

Just a quick PS...

While the matrix card runs on the discover network it isn't an actual card issued by discover. A lot of people don't notice that so they automatically assume its a good card.

ALWAYS READ THE TERMS AND CONDITIONS

that is all.

Totally agree! Great advice!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
b_seeker
Posts: 390
Registered: ‎03-24-2013
0

Re: Matrix Discover

Curious as to why everyone hated it here, I read the nerdwallet review on the card. A $75 annual fee and a $12 monthly fee once the CARD Act protection expires? Yeah, everyone can find a better card then that garbage.



|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Frequent Contributor
phumanr
Posts: 344
Registered: ‎05-29-2007
0

Re: Matrix Discover

Wow...thanks all...I guess I am not that desperate.

 

My rebuilding is paying off....2 Cap 1's, $1K each, credit one bank...$750 (card sucks), macy's ($800), and best buy mastercard ($300 and $59 annual fee...need to close this one).  I have a new mortgage $276 at 3.375.

 

I settled accounts with some very good cards (Navy, chase, justice, ge, barclays, and merrick)...with settled zero balances, but I wanted a good card for emergencies.

 

Thanks,

Phumanr


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