Credit Cards

Cerulean Credit Card Review

Cerulean Credit Card Review 24.10.2019Leave a comment
Cerulean credit card review

The Cerulean Credit Card is an unsecured credit card serviced by Continental Finance Company and issued by the Bank of Missouri.

If you find yourself with subprime credit history, this card will give you the opportunity to rebuild your credit score and qualify for other cards afterward.

However, this is an invite-only credit card, and you cannot apply online if you haven’t received an invite code via email.

Terms and conditions will vary from person to person. You will get one of the three offers according to your creditworthiness, read more to find out about what the offers include.

Rates and Fees

Offer #1

The first offer from Continental Finance has an Annual Percentage Rate of 22.65%, which varies based on the Prime Rate. The Prime Rate is not decided by the bank, is published by the Wall Street Journal on the 25th of each month and applies to all providers.

Read Now
Fortiva Credit Card Review

The APR for cash advances is also 22.65%. There is no minimum interest charge, and to avoid paying any interest at all, you must pay your full amount at least 25 days after the closing of the billing cycle.

Offer 1
Offer 1

The monthly maintenance fee will be billed at $10 per month and will come to a total of $120 annually. To receive an additional card will cost you a one-time fee of $30.

There are also significant transaction fees which you should consider.

Cash advances cost either $5.00 or 5% of the amount of the cash advance, whichever is greater. Foreign transaction fees are 3% of each transaction in U.S. dollars. For late payments and returned payments, you may be charged a fee of up to $37.

Your initial credit limit will be assigned, but if you use the card responsibly, you may apply for a credit limit increase after at least six months of the account being open. The maximum credit limit with this account is $2,000.

Read Now
The Best Citi® Credit Cards of 2019

Read more here to learn about tips and tricks to increasing your credit limit easily.

Offer #2

Offer number two provides a lower APR of only 19.65% on all purchases and cash advances. But, this number also varies according to the market Prime Rate. The payment will once again be due at least 25 days after the closing of each billing cycle. You must make this payment in full if you want to avoid any interest payments. There is no minimum interest charge. The annual fee is $120 and will be billed at only $10 a month. The additional card fee is once again $30 and will only be charged once.

Offer 2
Offer 2

Returned and late payment fees may cost you up to $37.

Cash advances will cost you either $5.00 or 5% of the amount of the cash advance, whichever is greater. All foreign transaction fees are 3% of each transaction in U.S. dollars. Similar to the first offer; this deal gives you the opportunity to increase your credit limit to a maximum of $2,000.

Offer #3

The last offer has a variable APR of 19.65%, once again depending on the Prime Rate. The billing cycle stays the same, so you must pay your dues at least 25 days after the end of the cycle.

Read Now
Legacy Credit Card Review

The cards annual fee is only $99 and $30 to add an authorized user. But, you should consider that some of these set-up and maintenance fees will be assessed before you can begin to use your card and will reduce the amount of credit that will initially be available to you.

So, if your credit limit is determined to be $750, your initial available credit will be $651 (or $621 if you choose to have an additional Card).

Offer 3
Offer 3

Cash advances cost either $5.00 or 5% of the amount being transferred, depending on whichever is a larger sum. Foreign transaction fees are 3% of each transaction that is made. Late and returned payments will cost you up to $37. Once again, the upper limit of your credit increase is $2,000.


The biggest benefit and selling point of this card is that it accepts customers with bad credit scores. If your credit score is low, you are sure to get rejected for other credit cards from more prominent banks, but not this one. They give you not only credit to use but also a way to increase your credit score.

Read Now
What Is Nerdwallet? How Did It Start And What’s Interesting About It?

The Cerulean credit card reports to every single one of the three major credit bureaus (Equifax, Experian, and TransUnion), so if used responsibly, you will definitely be able to rebuild your credit with this card.

Your account will also automatically be reviewed for credit line increases after a year of having this account, which is a huge help for your personal finances.

Cerulean also has a mobile app on the App Store and Google Play Store so you can easily manage your accounts straight from your phone. Through the app, you can also make payments and monitor your recent purchasing activity.

There are no monthly fees or processing fees on this card, and there usually are with these types of accounts. There is only an annual fee that may be charged partially by month or at once, but at least you know you will be charged a specific amount with no surprise processing fees.

Along with this offer, you also receive a free Vantage 3.0 Transunion score with an E-Statement.

Not many other subprime credit cards have this feature, so this makes it even easier to monitor your credit rebuilding process.

You are also able also to pay all your bills online, and it will be a completely free process, while paper statements will cost you a fee.


If you are only now discovering this card and found it to be suited to all your needs, a drawback that will disappoint you is that it is only available to you if you have received a pre-qualified offer, and you cannot independently apply for it.

But, if you haven’t received an offer in the mail, you can try reaching out to the card issuer, Continental Finance, and trying your luck to see if they will accept you.

The Cerulean Credit Card initially comes with a credit limit ranging from $400 to $750. And even though this is higher than other similar cards provide, it isn’t enough to make significant purchases.

But if your main focus is rebuilding your poor credit, a few small purchases each month should be sufficient to do just that. The Cerulean Credit Card doesn’t offer any extra rewards. Some similar cards offer rewards for a small price.

Earning rewards isn’t an essential feature of a credit card, but it can help to make up for the annual fee and make spending feel more satisfactory.


Most reviews are filled with praises of this card doing what it’s meant to do, which is help rebuild credit scores. Users say if you use this card, pay off all the fees on time, and be responsible, this card will open many other doors for you.

One user has had the Cerulean card for only a year and has had their limit increased from 700 to 1050 with no additional charges. Customers say that the fees and rates are significantly high, but they realize that this is what should be expected of any subprime credit card.

There are complaints of bad customer service, such as their calls not being picked up and their emails being left unresponded to, but we have grown to understand that this is the case with almost all banks.

There are also some problems that have to do with making payments online and activating the card, so you must deal with those problems over the phone. But customers complain that sometimes the only way to solve a problem is to write a letter and send it with snail-mail and wait for their answer.

NerdWallet has named it one of the “Best Credit Cards for Bad Credit,’ and says, “If you’ve received a pre-qualified offer for the Cerulean Credit Card, you may want to consider it.


Other Options

Because this is an invite-only card and you might be struggling with low credit score but not receive an invite, we have set aside some other options for you to consider.

Discover It Secured

This is a completely free credit card without any annual fees and allows you to earn cashback while simultaneously building your credit with responsible use. It’s a real credit card so, you can build a credit history with the three major credit bureaus. After being approved, you must provide a refundable security deposit of at least $200, and then your credit line will be established.

Discover It Secured
Discover It Secured

After eight months, reviews will start to become automatic, and you can transition into an unsecured credit line and get your deposit back. The APR for the introductory period of 6 months is only 10.99% on balance transfers. After the six months are up, the variable APR becomes 24.74%. With the reward system, they provide on purchases at restaurants and gas stations on up to $1,000; you will be able to collect 2% cashback combined during every quarter. Additionally, you will earn an unlimited 1% cashback on all other purchases made with this card. As an introductory bonus, you will get all the cash back you’ve earned matched at the end of the first year.

Capital One Secured Credit Card

This is the card Capital One offers for those with bad credit along with a whole variety of other cards. This has no annual fees, so it costs nothing, No annual fee, and has all the credit building benefits with responsible card use. Unlike all prepaid cards, this builds credit when used responsibly, with regular reporting to the three major credit bureaus for a credit increase.

Capital One Secured Credit Card
Capital One Secured Credit Card

There is a 26.49% variable APR based on the prime rate. Once you make a $49, $99, or $200 refundable deposit, you will qualify for an initial credit line of $200. But if you deposit more money into your account before it opens, you will get a higher credit line. If your first five monthly payments are made on time, you will get access to an even higher credit line. You can also easily manage your account 24/7 with their online platform, by calling them on the phone or using the mobile app.

Green Dot Secured Credit Card

With this credit card, you will have complete control over your credit limit, so whether you put down $200 or $5000, your limit will be equal to the amount of the refundable security deposit.

But the minimum refundable deposit and credit limit is equal to $200. And yes, this is a real credit card, not a prepaid or debit card, so you can spend within your credit limit and then pay your balance monthly. The annual fee of this card is $39.

Green Dot Secured Credit Card
Green Dot Secured Credit Card

Good credit is not needed to get this card, and the application process is all done online, quick, and simple. Once you’re approved, make the security deposit of your choice online with a debit card for free. If this does not suit you, you also have the choice of waiting for your card to arrive in the mail and making a security deposit with cash at any participating retail store for only $4.95.


Since there’s no credit check, there is also no effect on your credit when you apply. If you make your payments on time and keep your card balance low, this usage history will be reported to the major credit bureaus will positively impact your credit score over time. The variable APR on all purchases and cash advances is 19.99%, which is not very high.

Bank of the West Secured Credit Card

This is our last recommendation of credit cards for those with a low credit score. No past credit history or minimum credit score is needed to qualify for this account, and the credit limit is decided by your deposit into a savings account. To secure your card, you must enter an opening deposit of $300 to $12,000. Pave the way to becoming eligible for a standard credit card by building your credit with timely payments. You can also pay-off and close the account at any time, and that will get you your entire deposit back with added interest.

Bank of the West Secured Credit Card
Bank of the West Secured Credit Card

There is a variable 22.74% variable APR on all purchases and a small annual fee of $25. Also included with the card is fraud monitoring, identity theft solutions, zero liability for unauthorized purchases, price protection, and extended warranty protection.

They also offer a fantastic online platform with many features that allow you to always stay on top of your finances and control your account online 24/7. Some of these features which can be accessed online include temporarily locking and unlocking your card, setting travel alerts, viewing your statements, activating your card, changing your PIN, making a balance transfer, and disputing a transaction.

Our verdict

Your credit score is a highly important number in your life, and it’s going to stick with you and follow you everywhere you go, so make sure to look after it. Whatever point you are at right now, you must think of ways to build up your credit score because you never know what big and necessary purchases the future has in store for you, so you should always be ready. A high credit score will lead to a high credit limit, which will open the door to endless hassle-free spending opportunities.

These other cards will also include rewards, cashback, and perks, which will make your purchases beneficial. It’s better to start early so you won’t have to worry so much about this number in a later period of your life.

If you’re struggling with a low or damaged score, are just starting to build your credit or are looking for a card that will not reject you, then this is the card for you.

Don’t be discouraged if your initial limit is low or your credit score doesn’t seem to be growing quickly. If you spend responsibly, keep your balance low and pay your dues on time each month, everything will go in your favor. It will probably take you some time, but it will be worth it in the end and will open the window to many more opportunities.

If your credit score is already decent or good, we urge you to consider other cards because this card will be of no use to you, and you have far better options, with lower fees, better rates, and better rewards.

Follow me

Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

Linkedin Profile with Licenses & Certifications
Follow me

Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to content

Spelling error report

The following text will be sent to our editors: