The Continental Finance MasterCard is a sub prime unsecured credit card. This means it is a card that was created for individuals with a bad credit rating.

When this card is issued it will give you an initial limit of $300. You will be able to receive semi-annual increases to your limit, with a maximum limit of $2000.

You account will be reported monthly to all three credit bureaus. This will give you an opportunity to rebuild your credit score.

This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill.

These two factors have a tremendous impact on your credit score. It is still important to remove bad credit items from your credit reports.

This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.

This card does offer a low 9.75% APR. This is way below the industry standard of 19% APR. Your card is accepted world wide at millions of locations.

They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application.

This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.

You will also have online account access with your card. You will be responsible to keep your balance below your credit limit and to pay your monthly bill just like any card.

The alternative is a secured credit card. However with this card it will take you longer to rebuild your score because this card is reported to the bureaus as a secured line of credit.

You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau.

In sum we do suggest the Continental Finance Card to anyone looking for a second chance with credit. You can use this card to re-establish your credit score and build positive credit because it will improve your ratio of debit to available credit and can create a positive payment history.