Discover Matrix?

[Anonymous]

Anyone heard of this secured card?

[trix_r_4_kids]

It doesn't look good.  See what others think:

http://ficoforums.myfico.com/t5/Credit-Cards/Matrix-Secured-Credit-Card-by-Discover/m-p/1421506/high...

[Anonymous]

Thx

[Anonymous]

yea this card has been frowned upon and after you read the terms you will know why

[Anonymous]

I agree,

The terms are horrible, I believe worst than First Premier, if that is even possible.

[injustifiiable]

Issued by Continental Finance. Save yourself the trouble.

[Anonymous]

Those fees are crazy, thanks for the heads up.

[Anonymous]

This card is not a good card for building credit for several reasons. With an initial credit line of 300 after the first year you not only pay $75 annual fee but a monthly maintenance fee of $12($144 annually) whether you carry a balance or not, That is $219 that you pay to them and if they raise your credit after that you pay $30 for each $100 increment. Your choice but not for me.

[LS2982]

Wow.....

That's just flat out wrong, trying to set a rebuilder up to fail again with those terms!

[Anonymous]

horrible. just got offered this car thru credit sesame...was going to go for it since it was a discover. but then i saw those fees. nope lol.