Best Credit Cards for Excellent
Credit - Knowing The Opportunities
If folks have
Credit, how can they
distinguish which Best Credit Cards
to choose when there are so many possibilities?
The information below discusses several kinds
of cards to offer a helpful outline
of the benefits of each:
Cashback - With a Cashback
card, customers get a refund equivalent to
a fraction of their transactions. For instance,
if a customer has been approved for a Cashback
solution that gives five percent cash back
on food, fuel, and drugstore
purchases, as the rebates add up they can converted to cash. If you
spend one hundred and fifty dollars in gas, food,
and drugstore purchases weekly, by
the conclusion of a 12-month period, about four hundred dollars
in cash back rewards would have accumulated.
Redeemable Points - Instead
of providing cash rebates, some issuers
give redeemable rewards. Customers get
points when purchases are made. As purchases are made, the rewards
add up. When you earn enough points they can be redeemed for items including
free hotel stays, gift cards, subscriptions, and more.
It is important to know whether or not the Best Credit Cards
for Excellent Credit that you want will offer
a points program.
Gas Rewards - Lenders
are often times considerate of the cost
of gas and want to reward
consumers for their purchases by rewarding them with a free
gas card. As purchases are made, points are earned. After you have earned enough points you can get a
prepaid gas station card. The cool thing is, with some cards redeemable fuel rewards can be accumulated
while you are getting gas.
Points for Free Hotel Accommodations, Car Rentals, or Frequent Air Traveler Miles - When purchases are made with these cards, free travel points are earned. Once a certain number of points have been accumulated, they turn into vouchers that can be used for discounted or free travel arrangements like rental cars, hotels, or even airline tickets. Frequent travelers really like these rewards.
Zero Percent Introductory Interest Rates - What does this mean? Simply put: for a limited time, finance charges are not incurred.
This time period generally spans six to twelve months.
Many folks take advantage of promotions such as this
to shift their balance from their current Best Credit Cards
to one of these, then pay the balances off within the promotional period. Making monthly payments on time is especially crucial.
When just one payment is not received on time, most
the introductory rates adjust to a higher
rate. People that are approved for
Best Credit Cards for Excellent
Credit, and have the chance to get a zero percent promotion
should consider this great opportunity.
Secured Cards to Re-establish Credit - People that have this type of card
must put money into an account that can earn interest while it is there.
This "is what makes it a "" secured card"" ." After the deposit is made a credit card is
issued with a line of credit that is the same as
the amount that has been deposited in the account. Every time you use it the credit limit decreases, low rate
regularly scheduled payments are computed, and a bill
is is mailed or emailed if you choose paperless billing. If purchases are made a relatively small monthly payment is expected. Secured Cards to Re-establish Credit
are excellent because they perform like
normal credit cards allowing customers
to do things that debit cards may not, like making travel arrangements such as vehicle rentals
that commonly do not take debit
cards. When applicants have bad credit approval is typically
guaranteed regardless of your credit score. It is important to note that most
secured card issuers report whether or not timely payments are made
to the credit bureaus. This is a remarkable
method to show creditworthiness by showing timely
payments no matter if you have Excellent
credit or not. After paying
six to twelve consecutive timely payments, some secured card companies will approve a higher limit without
requiring more cash to be put into the account that was used to set up the card.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no guesswork. Similar to
a regular bank account, a certain amount of money is deposited into an account and this is
your spending limit. When the prepaid card
balance reaches zero, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. Prepaid credit cards
are terrific for students, they offer the same flexibility as a check card, and they are generally granted to those that may not qualify to
obtain a standard checking account.
Fast approval is generally not a problem regardless of
your credit profile and there is
no need for the issuer to send any inquiries to the credit bureaus.
With all of the diverse sorts
of Best Credit Cards
for Excellent credit and
incentives that are offered, there is a solution available for most credit card seekers. Seek
Best Credit Cards that offer rewards that match your lifestyle and spending style. The most important thing is to always
spend within your budget and stay under the limit. Timely payments are important as well. Super credit is fantastic
To make sure that you keep growing an excellent FICO profile, obey these few instructions:
1. Always have your bill lower than the
card's max. In other words, do not
"over spend". Try to retain
a balance that is about forty percent
of the available balance on any
Best Credit Cards for Excellent Credit.
2. It is important to pay the bill when it is due. Even if the minimum is the most that your budget will allow, pay it. If the bill is paid 30 days after the due date, it could be forwarded to the credit bureaus. This negatively affects the consumer's credit report. And let's not forget the fact that when this happens you may also have to pay an increased interest rate as a consequence of just one late payment. Therefore it is recommended that consumers make this bill payment a financial priority.
3. Pay the whole thing off every so often.
When purchases are made, make it your goal to
bring the balance to zero as much as possible. When you do this, it is okay to
start using the card again and pay it back down to zero again after a few months, and keep utilizing this approach as you complete your monthly budget and annual financial plan.
This pattern demonstrates to the issuing companies
that you will be a great customer. Some other perks you could get when you repay in this way are
lower rates, a higher credit max, and a more favorable credit report.
Our network members have licenses in
one or more of the following locales: Alabama
* Alaska * Arizona * Arkansas * California
* Colorado * Connecticut * Delaware * District
of Columbia * Florida * Georgia * Hawaii
* Idaho * Illinois * Indiana * Iowa * Kansas
* Kentucky * Louisiana * Maine * Maryland
* Massachusetts * Michigan * Minnesota *
Mississippi * Missouri * Montana * Nebraska
* Nevada * New Hampshire * New Jersey *
New Mexico * New York * North Carolina *
North Dakota * Ohio * Oklahoma * Oregon
* Pennsylvania * Rhode Island * South Carolina
* South Dakota * Tennessee * Texas * Utah
* Vermont * Virginia * Washington * West
Virginia * Wisconsin * Wyoming
Best Credit Cards
for Excellent credit
are waiting for your application. Act now
to start the application for a solution that fits