What is Mainland Finance?


Continental Finance is a credit card company that provides credit card services to consumers with limited funds. Fair or bad credit (FICO score is 300-689). Its product portfolio includes the following cards:

These products all have some important similarities.they are Unsecured card, so no deposit is required to open an account. All cards report user activity to the three major credit bureaus, so you may be able to improve your credit score by spending below your credit limit and paying off your balance in full each month. As an incentive, the initial credit limit on either card is doubled after the first six months of minimum payments are made on time.

That's good news—but it doesn't outweigh the bad news. The main disadvantages of the Continental Finance credit card include numerous expensive fees, eye-watering interest rates, and the inability to upgrade to a better product when you're ready. To get any of these cards, you'll need a checking account, which can present some obstacles.

Here's an overview of the Continental Financial credit card, along with suggestions for some lower-cost, higher-return alternatives, even if you have bad credit.

at first glance

Fees waived for the first 12 months, then $6.25 per month.

Reflex® Platinum Mastercard®

$75-$125 for the first 12 months, then $99-$125 per year.

Fees waived for the first 12 months, then $10 per month.

$75 – $125 for the first 12 months, then $99 – $125 per year.

Fees waived for the first 12 months, then $0-$10 per month.

$75-$125 for the first 12 months, then $99-$125 per year.

Fees waived for the first 12 months, then $0-$10 per month.

$75-$125 for the first 12 months, then $99-$125 per year.

Fees waived for the first 12 months, then $0-$10 per month.

🤓Nerd Tips

The annual fees for all six Continental Financial credit cards are assessed at account opening and therefore immediately reduce your available credit limit. For example, if the card has a $300 credit limit and an annual fee of $99, you can spend $201. You won't have access to your full credit limit until you pay the annual fee.

Azure Credit Card

Chime Credit Builder Visa® Credit Card
NerdWallet Ratings

Cerulean credit cards charge high annual fees, but the credit card offers few advantages. The annual fee is $125, and you won't receive more than $1,000 in credit when you open the account.Unlike a prepaid deposit, secured credit card, the annual fee is non-refundable. While these terms are unappealing, they're not the worst compared to some of the other credit cards offered by Continental Financial. (This stigma may apply to the next card on this list, the Fit Credit Card.)

Alternatives: Chime Secured Credit Builder Visa® Credit Card In some ways, it works like a prepaid debit card, but it reports user activity to all three credit bureaus like a credit card. There is no annual fee or fee for this card, but you do need a Chime® account to get it.

Suitable for credit cards

The Fit credit card has an annual fee of $99, which seems better than Cerulean at first glance. But the costs don't stop there. If you want to use the Fit credit card, you'll have to pay a one-time fee of $89 to open an account. Because of these two charges, you'll immediately owe $188 before using the card to make your own purchases. After the first 12 months of owning the Fit Credit Card, you'll pay a monthly fee of $6.25 ($75 for the full year) in addition to the annual fee. The Fit Credit Card may have a credit limit of up to $3,000, but that feels like a meager reward for hundreds of dollars in fees.

Alternatives: Petal® 1 “No Annual Fee” Visa® Credit Card It dwarfs the Fit credit card because it has no annual fee, foreign transaction fee, monthly fee or activation fee. (The variable annual interest rate range is 25.24%- 34.74%.

🤓Nerd Tips

The next three credit cards on this list—Reflex, Surge, and Verve—offer a range of possible annual fees. Your actual charges assessed will be based on the initial amount of credit you receive. The first-year annual fee is $75, with a $300 credit limit; the first-year annual fee is $125, with a $1,000 credit limit.

Reflex® Platinum Mastercard®

this Reflex® Platinum Mastercard® Earning a 1.8 out of 5 star rating from the NerdWallet Credit Card team, it's easy to see why. Annual fees range from $75 to $125 for the first year, then $99 to $125 per year, plus a $10 monthly fee that is waived the first year. Initial credit limits range from $300 to $1,000.

Discover it® Guaranteed Credit Card
NerdWallet Ratings

Alternatives: Instead, consider Discover it® Guaranteed Credit Card.Its annual fee is $0, although it does have a $200 security deposit requirement, which is refundable. The card also earns rewards and even a sign-up bonus, with the Discover phrase going like this: Introductory Offer: Unlimited Cash Back Matches – only from Discover. Discover will automatically match any cash back you earn at the end of your first year! There is no minimum spend or maximum reward. It’s just a dollar-for-dollar game. Best of all, you may eventually be eligible to upgrade to a better Discover card.

carnival credit card

Carnival cards are only available by invitation, but if you happen to receive one, it's best to decline.Its annual and monthly fees are the same as Reflex® Platinum Mastercard®Considering this card doesn't even earn a rating of 2 out of 5 stars on NerdWallet's grading scale, that's a bright red flag.

Alternatives: this Varo Believe Security Cardproducts similar to the above Chime Secured Credit Builder Visa® Credit Card, secured by the balance in the linked Varo bank account. However, the account must have received at least $200 in direct deposits within the past 90 days to be eligible for the Varo Believe card. And, if secure payments are enabled, Varo will automatically take credit card payments on your behalf from your Varo bank account, ensuring payments are made on time.

surge credit card

Capital One Quicksilver Secured Cash Rewards Credit Card
NerdWallet Ratings

The Surge credit card has the same approach as the Continental Finance credit card: a high annual fee of $75-125 in the first year, then $99-125. You may also be charged a monthly fee of up to $10 per month after the first 12 months after opening your account. That means you could owe up to $245 a year just to have this card, which is outrageous.picture Reflex® Platinum Mastercard®you must also have a checking account to open a Surge credit card.

Shen Yun Credit Card

The Verve Credit Card is actually the same as the Surge Credit Card; the only meaningful difference is the card issuer. Otherwise, the Verve and Surge credit cards have the same annual fees of $75-$125 for the first year, and $99-$125 thereafter. The Verve Credit Card has an initial credit limit of $300-$1,000, the same range as the Surge Credit Card. The Verve credit card has no monthly fee for the first 12 months, but monthly fees after that can be as high as $10.

Is Continental Financial Credit Card suitable for you?

Given its various strange fees, the Continental Finance Credit Card won't be suitable for most consumers. If you already have one of the cards on this list, note when the annual and monthly fees are due and try to pay them off immediately to avoid accruing interest. If your credit score is high enough, you might also consider canceling the card and switching to a better one. Closing a credit card may lower your credit score, but if it means getting rid of a card with excessive charges, the penalty may be worth it.

You may cancel your credit card and receive a refund of your annual fee by notifying your card issuer that you want to close your account within 30 days of the monthly statement date showing the annual fee. Since the annual fees for all of these Continental Financial credit cards are assessed at account opening, you'll need to close your account within the first 30 days to get a refund.



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