This card is not worth the plastic that it come with. If you are rebuilding your credit, I would recommend a secured card. You are paying them after the first year $10 a month for a maint fee. That $120 just to walk around with a $500 credit limit. Then to increase your limit it will cost you. I only got this card to help my credit for a year. I close on my home next month and will be closing this card and my Credit One Visa. If you must get this card! Only do if you really need too.

Trying to apply for this card sucks. It says its for people with fair or bad credit. When you try to apply and you put in all your information and you submit your application you get a message saying sorry we could not approve you. Then it takes you a page for a unsecured page and to deposit $500 who in the hell has $500 to put on a card.

You cannot activate this card on a Sunday because their offices are closed. Ridiculous!

I applied and was approved for $500 unsecured credit line with a 645 score.

It slow on payment posting, don't taken electronically payments as bank send check option, as it not on clearance house for E-PMT.

The Matrix Credit Card would not be the card for me although for someone who cant get credit this may be a great starter option, a way to build. The annual fee coupled with a 29.99%APR, in comparison to other cards for those with bad or no credit the fees are pretty high. It offers no rewards. Im not sure if card has been discontinued but i would save it for a last resort and only apply if you truly need to BUILD credit.

I have had this card for a year. When I first got it I had no credit cards or credit. I applied and received it and had to pay 75.00 annual fee out of a checking account to first get it. I read other reviews speaking of less than stellar credit and what not, that is the case with no credit. So i got this card and built up my credit right away by getting other cards. Matrix is now a MasterCard due to being sold. I am about to close this before my year is up avoiding an annual fee and those monthly fees. Also I can tell you to do Credit Karma and watch how this card reports to the credit bureaus. They bill you and then immediately report to the bureaus showing the same balance 2 months in a row, hurting your score. Also you can only pay by check online or through the mail. It takes them over 8 days to apply the payment though the money is out of your account not long after approving an online payment this also causes discrepancies on your credit report. They somewhat hinder your growth beyond needing them. If anyone does get this card, spend small and pay it monthly or off. Close it before your 1 year anniversary. If you want to try a better card for troubled credit do Credit one Bank. It is 75 the first year on your card start up with 300.0 dollar limit leaving 225. the second year is 99.00 billed at 8.50 a month and no other fees. Matrix charges 4.99 a month if you have a statement mailed to your home and not emailed. If you are smart and work hard at clearing scarred credit, you can make this card like any other bad credit card in less then a years time. Customer service sounds as if they are working out of a basement and very unprofessional.

This card is possibly the worst card I have ever researched. There is literally nothing positive about this card unless you are the credit company. If I had to choose one word to describe this card, it would be "predatory". I am shocked a credit card charges a $75 annual fee on top of a $12 monthly fee and a $30 fee for every $100 increase. That $30 dollar fee will add up quickly considering the starting limit is only $300. Reviewing the terms of this card makes me appreciate my Discover Open Road card, which only charges late fees like any decent credit card, 5% off of gas, and online shopping discounts. Steer clear of this Matrix card especially if you have bad credit, it will only dig you deeper into debt.

The Matrix credit card is supposed to be great for people that have a bad credit history but I don't think that it's doing anyone any good. If someone starts to need a higher credit limit and have proved themselves, I think a $30 Fee per $100 needed is outrageous. I have seen similar cards from Capital One that don't have a fee structure like that and also don't have an annual fee like this card, $75. With there being a monthly fee of $12 after your first year I would be weary about signing up for this card at all, it seems like they are just out there to take your money!

The matrix credit card is the premiere option for individuals with low credit to use.However, the fees regarding this card seem exponentially high. For your first year you are spending 75 dollars as an annual fee, then after the first year, you are required to pay an additional monthly fee. The interest rates are also very high with the card, I would not recommend this card to anyone looking to rack up large transactions. I would also be quite weary of the purchase rate of almost 30 percent, that is higher than almost any card I have ever seen. The only purpose of this card should be to rebuild credit. Otherwise look for another card.