Matrix Secured Credit Card by Discover

[MM25]

Has anyone applied, have, know minimum deposit or know any info on approval odds (score). One site said no score is needed other said it pulls experian. This card seems new if you ask me

[Anonymous]

This seems to be a relatively new card. I did a quick google search and found they offer unsecured option, partially secured and fully secured. Anyone on here have this card?

[Brusilov]

As far as secured cards go I wouldn't really consider this a good deal.

29.99% APR

Annual fee of $75

Maintenance fee of $12/mo

[LS2982]

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@vonmannstein wrote:

As far as secured cards go I wouldn't really consider this a good deal.

29.99% APR

Annual fee of $75

Maintenance fee of $12/mo

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Wow......thats almost FP standards....

[Anonymous]

12.00 a month maint fee? LOL thats insane

75.00 AF plus 144.00 for 1 yr maint. fees = no way

[kevinjjc]

It doesn't look like it's issued directly by Discover.

"Discover® and the Discover acceptance mark are service marks used by Continental Finance Company, LLC under license from Discover Financial Services."

My advice: don't do it.

[Anonymous]

just went on the site and read more on their terms and conditions for the unsecured card -

https://www.matrixcardapply.com/pages/termsus

29.99 APR

$30.00 for every $100 credit limit increase fee - if you request a CLI after 12 mo of having the card.

No way to ever waive the AF...

this might be the worst card ever

[Brusilov]

They don't even offer it in my state.  I had to switch to CA to view the terms.  

[Anonymous]

I hate to say this, but you would be better off with an Orchard card than this (I think).  This card just wants to milk your cash from your wallet.  They are charging a larger AF than AMEX Gold!!!  At least AMEX Gold you can benefit from it with decent usage, I see no benefit with this card, even to (re)build your credit.

There are other options, this is a very bad one!

[kevinjjc]

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@vonmannstein wrote:

As far as secured cards go I wouldn't really consider this a good deal.

29.99% APR

Annual fee of $75

Maintenance fee of $12/mo

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25.00% APR for New York