Best Credit Cards for Perfect
Credit - Knowing The Possibilities
If people have
Credit, how do they
know which Best Credit Cards
to select when there are so many options?
The information below will expand on a few kinds
of cards to provide a helpful outline
of the advantages of each:
Cash Back - With a Cash Back
card, you may be offered a repayment that equals
a fraction of their transactions. For instance,
if an applicant is approved for a Cash Back
solution that offers 5% cashback
on food, gasoline, and drugstore
items, as the rewards accumulate they can be cashed in. If you
spend one hundred and fifty dollars in fuel, supermarket items,
and drugstore purchases each week, by
the end of a year, almost $400
in cash would be available.
Redeemable Points - Instead
of providing cash back, some issuers
present customers with redeemable rewards. Customers earn
rewards for making purchases. With each swipe of the card, the points
increase. Once a specified number of points have accumulated they can be redeemed for perks like
free travel, gift items, subscriptions, etc.
Be sure to find out if the Best Credit Cards
for Perfect Credit you apply for offers
Gas Bonuses - Lenders
are often times considerate of the cost
of gas and will reward
their customers for using their credit card by rewarding them with a prepaid
gas card. As transactions are completed, points are accumulated and summarized. Once enough points have been earned you can get a
free prepaid gas card. The funny thing is, with some cards gas points are actually accumulated even
while making gas purchases.
Points Toward Free Hotel Stays, Rental Cars or Frequent Flyer Miles - When these cards are used, customers can earn frequent traveler's points that can be redeemed for free travel. After an accumulation of a certain number of points, they can be cashed in for discounted or free airline tickets or travel accommodations. This kind of card is great for business travelers.
0% Introductory Interest Rates - Finance charges are not applied on these cards for a specified amount of time.
This time period typically varies from 6-12 months.
Smart people are advised to utilize promotions such as this
to move outstanding balances from their current Best Credit Cards
to one of these and create a personal budget that allows them to pay the whole thing off without having to pay any finance charges. Making monthly payments on time is incredibly important.
When the first payment is not received on time, generally
the introductory rates adjust to a higher
rate. Folks that are approved for
Best Credit Cards for Perfect
Credit, and have the chance to get a 0% introductory rate
ought to choose this card.
Secured Cards to Re-establish Credit - People that have this type of card
must put money into an account specified by the secured card issuer.
This is what secures the account. Once the account is set up, a card is
sent with a line of credit in
the amount of the deposit. Every time you use it the amount of that transaction is deducted from your available credit balance, low rate
recurrent payments are calculated, and a monthly invoice
is sent. Just like any other credit card, when you use it you will receive a payment plan. Secured Cards to Re-establish Credit
are excellent because they operate like
regular credit cards allowing you
to do things that debit cards may not, like making travel arrangements such as vehicle rentals
that usually do not take debit
cards. For those with bad credit approval is generally
guaranteed no matter what. This can help in the rebuilding process because most
secured card issuers report your repayment history
to be added to your credit profile. This can be a good
practice to prove you are creditworthy by paying regular
payments no matter if you have Perfect
credit or not. After paying
several consecutive timely payments, many times the limit can be increased without
asking for more cash to be put into the account that was used to set up the card.
Pre-paid Credit Cards - With
a Pre-paid card, purchases can be made without interest, fees, or finance charges. Just like
a typical bank account, you put money in and this becomes
the credit limit. After the prepaid account
balance has been exhausted, you can recharge it with an additional deposit. Prepaid cards
work well as gifts, purchases can be tracked, and they work well for individuals that are unable to
obtain a normal banking account.
Quick approval is normally guaranteed regardless of
your credit score and there is
no need for the bank that issues the prepaid cards to contact Experian, Equifax, and TransUnion.
With all of the diverse types
of Best Credit Cards
for Perfect credit and
bonuses that they have, there is a solution available for most credit card seekers. Consider
Best Credit Cards that give the benefits that fit your situation. The most important thing is to always
spend wisely and pay the bill on or before the due date. Good credit is a terrific
thing to have.
To make sure that you keep growing the perfect FICO score, take heed to these few rules:
1. Maintain your bill lower than the
card's max. In other words, do not
"go crazy". Experts agree that consumers should carry
an account that is no more than forty percent
of the maximum spending limit on any
Best Credit Cards for Perfect Credit.
2. Make the monthly payments by the due date. Even if a small payment can be made, pay it. If the bill is paid 30 days after the due date, it could be sent to the credit reporting agencies. This negatively affects the consumer's credit score. Unfortunately, you may also have to pay more points on the card's interest rate as a consequence of something as small as a delayed payment. Thus it is smart to pay the bill.
3. Repay the entire bill every so often.
When the balance gets to be about half of the limit, do your best to
bring the balance to zero at least once a year. After completing this, it is smart to
begin creating transaction activity (like buying gas, shopping online, or making purchases) and pay it off once again after over the course of a few billing cycles, and keep utilizing this approach as you complete your monthly budget and annual financial plan.
This sequence illustrates to the lenders
that you can be an excellent credit candidate. Some of the other benefits of this approach are
low rates, more of a limit, and a better credit profile.
Our affiliates are licensed in
one or more of the following regions: 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 Perfect credit
are waiting for your application. Act now
to apply for a solution that suits