Comenity Bank MasterCard Review By: WalletHub. WalletHub gathered information on the Comenity Bank MasterCard to help users better compare all cards available in the market. The bank only permitted customers to open up their account without undergoing credit checks. However, most experts believe that this policy might hurt the bank in the long run. Consumers may not have credit history to back them up if they are denied of a MasterCard. This could result to bad business with a company that might not be reliable.
What's great about MasterCard is that it lets its users enjoy the benefits of having rewards cards while enjoying the convenience of carrying cash or traveler's checks. Comenity Bank offers three different credit cards which would suit individual needs of consumers. These cards include the MasterCard, the Travelers Check, and the Reward Plus. The various features each one of these cards have is discussed below. Let's have a look:
Free Trial Run. One of the most popular credit cards offered by Comenity Bank is the Free Trial Run. This offer allows consumers to try out their store credit cards for a thirty-day period for free. During this period consumers are provided an estimate reading time, free rewards, and rewards cards are reduced or removed from their card account and customers are sent on their way.
Easy Application Status. The Free Trial Run application status is good as it allows customers to conveniently look at the estimated reading time without being slowed down by pop ups. Most credit card companies make it difficult to see the estimated reading time because it slows down the processing of the application. The Comenity Bank MasterCard application status allows consumers to look at the estimated reading time right away.
Low Interest Rate. This is another great advantage of the Comenity Bank MasterCard. Compared to a traditional credit card with a high interest rate consumers will pay less in interest by applying for a MasterCard. Comenity Bank offers low interest rate to its consumers who apply for the MasterCard. There are no annual fees attached to the credit account application, which is why more people prefer to apply for the MasterCard when they have a credit account.
Rewards. Many companies offer rewards, but most of them are not very useful. However, with the Comenity Bank MasterCard you can enjoy rewards like having a free watch, receiving cash back for every dollar spent, and other freebies. Aside from the usual things, you can also find account info, which includes expenditures and transactions made using your Visa Credit Card, on their website.
Another advantage of the Comenity Bank MasterCard is that it provides a one-time bonus that is only good for five dollars. It's good if you have many credit card accounts with other companies or have obtained them through rebates or cash back programs. Consumers may need to take note that the one-time bonus offered by the MasterCard is not good when it comes to increasing their credit score. The Comenity Bank Visa has a lower rewards visa credit card finder than the MasterCard, but there are still rewards to be had.
It's easy to apply for a Comenity Bank Visa MasterCard and receive your credit card accounts immediately. All you need to do is find an approved merchant account and apply online. You can also apply right away, as long as you have applied within the last thirty days. The application process takes a very short period of time and does not take any extra time, since the application process is self-explanatory and easy to complete.