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Matrix Credit Card

We're sorry, but the Matrix Credit Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. For customer service call: 800-518-6142.

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matrix unsecured credit card
Required Credit Score:
Bad
Minimum. Security Deposit:
None
2.5 1,257 reviews   Write a Review!
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Matrix Credit Card’s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE $75
  • MONTHLY FEE None 1st year, $12 after
  • REGULAR RATE 29.99% (V)
  • GRACE PERIOD 25 days

Matrix Credit Card’s Highlights

  • Monthly reporting to the three major credit bureaus.
  • No application fees.
  • If you elect to receive your Monthly Billing Statement via paper, you will be charged a Paper Statement Fee of $4.95 per paper statement each month. You can avoid being charged this fee by electing to receive the Monthly Billing Statement electronically.
  • If you are granted a Credit Limit Increase, your account will be assessed a Credit Limit Increase Fee of $30 for each $100 increase in your Credit Limit.
  • Upon approval, this credit card will grant you a credit limit of $300. In some cases, you may be required to provide a security deposit to qualify for the credit card.

Matrix Credit Card’s Additional Info

  • MAX LATE FEE   $35
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   None
  • FOREIGN TRANSACTION
    FEE  
    None 1st yr, 3% after
  • SMART CHIP   No
  • CASH ADVANCE RATE 29.99% (V)
  • CASH ADVANCE FEE None 1st yr, $5 or 5% after
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Matrix Credit Card Reviews

 
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2.6
Overall Rating: 2.6 / 5
Total Ratings: 1257
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Dec 11, 2013
Photo of Chelsea M.
1
By:
Dec 11, 2013
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.
Dec 8, 2013
Photo of Jason B.
1
By:
Dec 8, 2013
What a horrible card! 29.99% APR, on top of an absolutely ridiculous fee structure! A 12 dollar monthly fee to have the privilege of carrying this turd in your wallet, on top of a 75 dollar annual fee? That’s over 200 bucks a year people. Oh yeah, plus a 29.99% APR. Bottom-line, this is predatory lending to people with bad credit at its worse, and you could probably get better rates at a payday loan institution. No wonder they don’t make this anymore. Stay Away!!
Dec 6, 2013
Photo of Kermit P.
1
By:
Dec 6, 2013
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 more
Dec 5, 2013
Photo of David F.
1
By:
Dec 5, 2013
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 more
Nov 25, 2013
Photo of Cody D.
1
By:
Nov 25, 2013
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!
Nov 21, 2013
Photo of Eric M.
2
By:
Nov 21, 2013
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. more
Nov 16, 2013
Photo of Susan M.
1
By:
Nov 16, 2013
The Matrix Credit Card accepts people with bad credit history, this is unusual and would be beneficial to people who have had a rough time and are trying to rebuild their credit rating. The interest rate is really high, however it's to be expected with a less than stellar credit history. The seventy five dollar annual fee is a bit steep. I don't like the fact that there is a $4.95 per page fee for a paper statement each month. That could add up really fast for someone who isn't computer literate or doesn't have access to a computer. A credit limit increase fee is practically unheard of . Overall, more
Nov 8, 2013
Photo of Sean P.
4
By:
Nov 8, 2013
I've actually had really good luck with the Matrix Credit Card. It was the first card I got after trashing my credit and because of this over the course of a year I was able to raise my credit easily with this card. I purchased nothing but gas with this card because I didn't trust myself to purchase anything else while I was trying to build my credit and this card was perfect for that. I had the chance to get a similar card with Capital One and they wanted me to put down a $400 deposit. I would actually recommend this card to anyone trying to build their credit.
Nov 5, 2013
Photo of Krystal M.
2
By:
Nov 5, 2013
The first thing that turns me off about the Matrix Credit Card is you can't get an online response immediately. You have to wait to get something in the mail. Now, this credit card has terrible rates and they're significantly high. The reason is this Matrix Card can be used by people who have bad credit. If you have terrible credit, getting a credit card like this can help you rebuild it. That's why they can get away with charging such atrocious rates. Their annual fee is about average but after the first year you have to pay a $12 monthly fee, which shoots the cost of this card sky more
Oct 29, 2013
Photo of Jacoby G.
1
By:
Oct 29, 2013
The Discover Matrix Credit Cards is one of the worse cards that anyone could sign up for. This card has an atrocious purchase interest rate at 29.99, with a cash advance APR of the exact same rate. On top of the extremely high purchase and cash advance interest rates that this card charges, it comes with an insanely high annual fee of $75. Yet still, this card has a monthly maintenance fee of $12, $144 a year, that is charged whether you make purchases during a billing cycle or not. Essentially, with the Discover Matrix Credit Card, a typical card user is paying $219 in annual fees per year, and more
Oct 21, 2013
Photo of Bela K.
1
By:
Oct 21, 2013
As we can see from the website, this card has apparently been discontinued. The reasons are obvious. With high fees, such as the annual seventy five dollar fee, as well as the 29 percent purchase rate, it's no wonder they cancelled this card. There are basically no rewards programs with this card and I don't even know why I bothered to use this card. I should have frozen it or cut it to pieces when the offer came in the mail! Horrible card and I would not recommend this card to anyone. The fees are high, the customer service was also bad. I once called in asking a question and more
Oct 12, 2013
Photo of Alex S.
1
By:
Oct 12, 2013
I usually don't rate credit cards as low, but this is one of the first. It's a disappointing card. Annual fee of $75 is very high, and the monthly fee after the first year is ridiculous. I feel like there's no rewards with this card at all. This card may be an option for those in really bad credit, but if you're not, definitely look elsewhere, because there are tons of cards way better than this one if you are in good credit. The paper statement fee is also very frustrating. I can go on and on about how many negatives this card has. Just trust me and don't do more
Oct 3, 2013
Photo of Lily Y.
2
By:
Oct 3, 2013
I felt that the annual fee was too much. Besides this card, the only card that I ever had that had an annual fee was the airlines card. The fee from this card is more than an airlines card. This card is frustrating since I don't get any rewards from it. I had this card as a way to repair credit. I wish I would saw how bad the reviews were. I felt that it was strange that they charge for paper statements. A stamp and paper does not cost $5.
The grace period was nothing special. It was very typical, for a card that is aim to help repair credit, more
Sep 27, 2013
Photo of Janet P.
3
By:
Sep 27, 2013
The Matrix Credit Card is good for one thing and one thing only: To repair bad credit. The fees are not the best but when your options are limited you have to take what you can get. The percentage will allow you to make purchased on the card without having to pay too much extra, just make sure that you make your payments on time. The 25 day grace period is nice in case you CAN'T make your payment. The cash advance option is a nice one to have also in case of an emergency situation where you have to get the cash now. Once you get your credit score more
Sep 18, 2013
Photo of Janine O.
1
By:
Sep 18, 2013
The Matrix credit card comes with a lot of additional fees that I haven't incurred with other cards. An annual fee of $75 seems hefty, but when you consider that there's a monthly fee of $12 after the first year...the fees are astronomical! There's an additional $4.95 per month fee for receiving paper statements (which is a first!). Not to mention one of the highest interest rates I've experienced with a credit card (29.99%).
Sep 12, 2013
Photo of Sheryl P.
1
By:
Sep 12, 2013
If you have bad credit the Matrix Unsecured Credit Card might be your only alternative. The only good thing about this card is that they report your activity to the major credit bureaus, but at the expense of lots of tacked on fees. There are both annual fees and monthly fees, credit limit increase fees, and fees for simply wanting a paper statement. There are better credit cards out there for people with bad credit, this is not one of them I can honestly recommend. I won't only recommend this card if you truly have no other options for getting a credit card and need one to build up your more
Aug 30, 2013
Photo of Pat E.
2
By:
Aug 30, 2013
The Matrix Credit Card, by Discover, is a card that is certainly for people with bad credit scores, and it shows in how little it has to offer. With a $75 annual fee and 30% APR, you better be sure you really need this card in order to improve your credit score. I also see that they will charge you $5 for a monthly paper statement unless you opt out, and you might need to make a safety deposit on the account first. Then, if you want more than $300 in credit, you need to pay a limit increase fee. The other reviews by users show how unfavorable this card might actually be.
Aug 22, 2013
Photo of Chris M.
2
By:
Aug 22, 2013
With all the credit cards I have, it was bound to go bad at some point. Enter the Matrix Credit Card. I got this card to help me build my credit a long time ago, it's a horrible card, in pretty much every way. The fees, oh god the fees, they just keep piling on and getting higher and higher. The annual fee, the monthly fees, even fee's for getting a statement in the mail. How ridiculous is that? High APR as well. The only good thing about it is it does report to the credit agencies so it will help build your credit, but there are much better cards more
Aug 9, 2013
Photo of Darrell V.
1
By:
Aug 9, 2013
These clowns are nothing but jerks. Even though I paid yesterday and i am not overdue until tomorrow they will call you on any number you gave them all day and all night harassing when they could easily log in on the system and see that you have a payment pending..DO NOT DO BUSINESS WITH THESE JERKS. THEY ARE NOT WORTHY OF ANYONE'S BUSINESS.
Feb 17, 2013
Photo of Rick C.
1
By:
Feb 17, 2013
Received an application in the mail for a Matrix card, so I got on line to check on the reviews. Thank God for the internet and some honest to God feedback from John Q Public. This application is going in the trash. During my recovery from bankruptcy (Dec 2010) I received a bunch of applications (just like this one) for a credit card with "Loan Shark" conditions, and I refused to get sucked into one of these. Then, about a year after my bankruptcy, along came Capitol One with a damn good offer. No Applications Fees......NO annual or monthly fees.....NO interest rate for 6 months. I was apprehensive when applying more
Jan 13, 2013
Photo of Atlean W.
1
By:
Jan 13, 2013
I wish I had not applied for this card.I have not had it long and I'm going to pay it off and canceal.
Aug 9, 2013
Photo of Darrell V.
Darrell Vollmer
Aug 9, 2013
I am doing the same thing. They are just rude jerks.
Jan 11, 2013
Photo of Frank T.
2
By:
Jan 11, 2013
Lesson learned with this card! With a desperate need for a credit card I applied for the Matrix card without really looking into all the details. Huge mistake. This card was pretty much worthless from the moment I got it. My balance took a hit from the first fee, and then the interest rate was just horrible. I would not suggest this card to anyone looking for a new credit card due to their lack of credit. If you take the time to look around, you will find far better cards than this one! I wish I would of, and regret my decision to take this card. I canceled it more
Dec 19, 2012
Photo of Alex A.
3
By:
Dec 19, 2012
The Matrix card was one of my first credit cards. I got it only because I had virtually no credit, and did not qualify for any better cards. The annual fee on this card is very high at $75. I've seen cards that charge about $60, but this is the first I have seen that charges more than that. The interest rate is also extremely high. I know this is for people with little credit or bad credit, but 29% is just crazy. I would only recommend this card if it is literally the only one that you can get. If you can get something else, don't even think about more
Nov 4, 2012
Photo of Zafar M.
1
By:
Nov 4, 2012
It is a very frightening card.Beware.I was not aware Of its huge fees.It has overdrawn my Bank Account before the card is received. I am going To cancel it before i activate this card.It is a horrible card. Zafar malik
Sep 27, 2012
Photo of Stephen S.
2
By:
Sep 27, 2012
Many people have found themselves in a position where they either don't have any credit because they are just starting out or they have bad credit because of financial hardship. This card is designed to help those situations. You start out small and you work on building. The bad part is it comes with an annual fee, low credit line, high apr and lots of potential fees. If you need help with your credit this card is okay just know what you are getting into before hand and be sure to pay it off each month. If you don't need help with your credit this card is simply a waste more
Aug 30, 2012
Photo of Margarita A.
4
By:
Aug 30, 2012
The Matrix Discover Unsecured credit card if for those of us who do not have the best credit and really want to try and re-establish credit to get us back on our feet. There is a pretty steep annual fee allocated to this card, but the really hard part is dealing with the 28-29% apr! Is this the best card out there for people with poor credit like myself? Maybe no but I really like being able to get the monthly credit report to see if I am climbing back up to positive credit scores again. If you are smart and pay off the majority of your credit card each more
Aug 1, 2012
Photo of John U.
3
By:
Aug 1, 2012
I found it really hard when I was looking for a card to help me rebuild my credit. I can understand the $75 because I have had bad credit, but the interest rate was very hard to manage at 29%. I find it somewhat ridiculous that I want to rebuild my credit at the expense of being broke on interest. I am trying to get in the habit of paying it off each month and not having interest charges, so I guess the good thing about the high interest rate is that I am afraid of having any money left on the card to pay at the end of the more
Jun 14, 2012
Photo of Sher-yce R.
1
By:
Jun 14, 2012
I got this card when I was in college, and everyone thought it was so cool to be able to spend money that you didn't necessarily have at the time. Well, this credit card made me hate credit cards! I was recommended this card by my school's website, and I have no idea why. I felt like I was paying more fees and interest than I was actually paying for the items that I purchased. I understand that this credit card is made for individuals with poor credit, but stacking fees on fees is going to make it even more impossible for them to pay it back on time, where more
Jun 21, 2012
Photo of Card H.
Card Hub
Jun 21, 2012
You are not kidding. The fees you could rack up just owning this card could really hurt.
Jun 13, 2012
Photo of Joe W.
3
By:
Jun 13, 2012
Should you get the Matrix Credit Card or not? That’s kind of like when Neo had to decide whether to take the red or the blue pill, huh? I don’t know whether Continental Finance is trying to attract the sci-fi crowd or whether the Matrix Unsecured Credit Card is at all related to the movie, but I suppose it doesn’t really matter. You don’t want to choose a credit card for its branding; it’s not a lunchbox, after all. You need to judge cards on their merits alone, so let’s go ahead and do that.

The Matrix Card is for people with bad credit, so its $75 annual fee in somewhat more
Page: 1
+1228 users submitted a rating without a full review
 
Jul 1, 2013
Photo of Allen H.
By:
Jul 1, 2013
I got this card to rebuild my credit. I'd recommend it to only buy candy bars with, due to the stupid intrest rate. Let's see, 1 Hershey bar, and a Snickers a month should do. Well, maybe 2.
May 4, 2013
Photo of David R.
By:
May 4, 2013
Website does not work Customer service is not in service , Paying the outstanding Balance by mail cutting card in Half and returning it.
May 4, 2013
Photo of Norm L.
May 4, 2013
Annual Fee $75, Interest rate 29%....Didn't Tony Soprano have a deal like this?
Apr 11, 2013
Photo of Gloria W.
By:
Apr 11, 2013
Why won't Matrix access my Discover card balance on line?
Apr 12, 2013
Photo of Card H.
Apr 12, 2013
If you're having problems with their online service you should call Matrix's customer service at 1-866-449-4514.
May 4, 2013
Photo of David R.
May 4, 2013
Yea I would But its NOT IN SERVICE
May 6, 2013
Photo of Card H.
May 6, 2013
You might try that number again, it just worked.
Nov 29, 2012
Photo of Kyra D.
By:
Nov 29, 2012
I am looking for an Unsecured Card with a $500 limit, for now.
Nov 30, 2012
Photo of Card H.
Nov 30, 2012
Even if you get approved for the unsecured version of the Matrix Card, your credit limit will be $300 with a $75 annual fee already charged on the card (i.e. $225 in available credit). Assuming you have bad credit, there is no unsecured credit card, unfortunately, that will give you anything close to $500 in available credit.
Oct 18, 2012
Photo of Jazmin P.
By:
Oct 18, 2012
I keep getting prescreened offers from captial one. I recently bought a new truck a couple of months ago and my credit score was like a 590. Do you think I would qualify for this card, its unsecured for like 500.
Sep 3, 2012
Photo of Manda K.
By:
Sep 3, 2012
having issue applying for matrix card your link is broken.
Sep 4, 2012
Photo of Card H.
Sep 4, 2012
Can you please try applying again - it works fine for us.
Sep 4, 2012
Photo of Manda K.
Sep 4, 2012
i did lets u put in email then asks if married then nothing
Sep 4, 2012
Photo of Card H.
Sep 4, 2012
hmm - pls email us a screenshot of the application page at customer.care@evolutionfinance.com and we will take a look. Are you trying to access the page from outside the country? If yes, it can only be accessed from within the US.
Jul 16, 2012
Photo of Marion R.
By:
Jul 16, 2012
I'm looking for a credit card, with 500-1000. Due to some bad decisions out of high school, and the unexpected loss of a career level job my credit took a serious hit. What is my best option Card hub?
Jul 16, 2012
Photo of Kenneth L.
Jul 16, 2012
No
Jul 6, 2012
Photo of John S.
By:
Jul 6, 2012
I need a maximum of 5,000.00 unsecured credit card with bad credit.
Jul 9, 2012
Photo of Card H.
Jul 9, 2012
Unfortunately, if you have bad credit and you want a high credit line a secured credit card is your only option.
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Last updated on: Dec 11th, 2013 at 6:23 EST