"Second Chance"

Continental Finance Gold MasterCard® Review
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Written by: 4better on 2008-12-30

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4better's review: Callout Comment I just got approved for this card and I received it about seven days. When I called to activate the card the customer service representative was friendly and courteous. The fees are all laid out in plain English. I am just grateful at being given a chance to improve my credit history. There are a number of reasons why a person may have bad credit. It is not always the same with everyone. This card gives a person a chance to rebuild a credit history. The rewards will come in time. Every card has good and bad to it. All of my cards are rebuilders and have fees but I am just grateful for the second chance.


Comment 1 by charonh
Congratulations! User Icon on 2008-12-30

Remarks On your approval, getting some new credit history showing that is good is all that counts when you are trying to rebuild. Handle your cards well and you will be rewarded with better offers down the road. Keep your head up and enjoy your new card.
Comment 2 by brian23
Congrats As Well.... User Icon on 2008-12-30

Remarks But being a former member of this card, I have to say the fees are pretty high. There are still good rebuilder cards out there that don't charge you up the fdjkfjsdkf in fees.

You should def give Cap One and Hooters a try. And most will tell you here that instead of paying all the up front fees with this card, you could've opened a secured card and at least got your money back in about a year.

But, still congrats, and I too believe we all have to start somewhere in the rebuilding phase.
Comment 3 by colonative
Good But User Icon on 2008-12-31

Remarks Have you tried getting a secured card through BofA or Citi? I hate to see people paying all these fees when they could be using the money to get a prime card.

I am glad to see that you are not blaming Continental Finance for their fees and that you read all the fine print; that will help you in the future.

Good luck and let us know how things go for you.
Comment 4 by kellbell
Don't Even Use It User Icon on 2009-01-02

Remarks Just pay off the initial (ridiculous) fees and keep it open for history.
Comment 5 by mskiwi
It Does What It Is Supposed To Do User Icon on 2009-01-02

Remarks This card does what it is supposed to do but it is at a cost. As long as you read the t&c and are willing to put up with the high fees, it does help to rebuild.

As far as other cards, they come in due time. Not everyone will qualify for hooters, cap one or even a BOA secured when they first start to rebuild. So if this is where you can start, just take care of it and in 6 months to a year you may be able to say goodbye and get on with better cards. Best of luck to you in your rebuilding. Time is your best friend.

Keep inquiries to a minimum and NEVER be late. Your scores will come up.
Comment 6 by wanderer
Why??? User Icon on 2009-01-03

Remarks If you can possibly qualify for a Capital One, Orchard Bank, Household Bank, a secured card for a major bank such as Chase, Citibank, Bank of America why waste good money on the low life cards?!
Comment 7 by mskiwi
Why????????? User Icon on 2009-01-03

Remarks Because not everyone can or will qualify for those cards. Some people have more work to do rebuilding than others. I agree if you can qualify then do not get a high fee card, but not all can.
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