Business Cards for Excellent
Credit - Understanding The Options
When people have
Credit, how can they
tell which Business Cards
to choose when there are so many choices?
This article will break down several kinds
of cards to give you a helpful outline
of the advantages of each:
Money Back - With a Money Back
card, you may be offered a refund equal to
a percentage of their transactions. For instance,
if a customer has been approved for a Money Back
offer that awards five percent cash back
on food, fuel, and drugstore
items, as the rebates add up they earn cash value. If you
pay a hundred fifty dollars in gasoline, groceries,
and drugstore purchases every week, at
the close of a year, about four hundred dollars
in cash back rewards would be ready to cash out.
Redeemable Points - In lieu
of giving cash rebates, some companies
offer points programs. Customers receive
rewards every time the card is used. Every time the card is used, the points
add up. Once a specified number of points have accumulated they can be redeemed for things like
free rental cars, gift items, magazines, and more.
It is important to know whether or not the Business Cards
for Excellent Credit you are considering offers
Petro Rewards - Companies
are often times understanding about the price
of gas and will reward
their customers for using their cards by rewarding them with a free
fuel card. As transactions are completed, points are accumulated and summarized. Once enough points have been earned they can be cashed in for a
free prepaid gas card. The funny thing is, with some cards gas points are actually accumulated even
when you are getting gas.
Points for Free Rental Car Upgrades, Hotel Rooms, or Frequent Traveler Miles - When purchases are made with these cards, free travel points are earned. As the points add up, they can be applied toward all kinds of travel arrangements including free air travel. Frequent travelers really like these rewards.
Zero Percent Promotional Interest Rates - What does this mean? Simply put: for a limited time, finance charges are not incurred.
This time period generally varies from six to twelve months.
Typically, folks are advised to utilize promotions such as this
to transfer balances from their high interest Business Cards
to one of these and pay it off while there are no finance charges being accrued. Paying the bill on or before the due date is especially crucial.
When just one payment is late, most times
0% APR rates go up to a much higher
rate. Folks that are applying for
Business Cards for Excellent
Credit, and have the chance to get a 0% promotion
should choose this great opportunity.
Secured Cards for Rebuilding Credit - People with a secured credit card
simply inserts money into an interest-bearing savings account.
This is what secures the account. Once the account is set up, a card is
issued with a spending limit in
the amount of the deposit. Every time you use it your available credit is recalculated, affordable
monthly payments are determined, and a monthly invoice
is is mailed or emailed if you choose paperless billing. If transactions are being approved, an affordable monthly invoice will be sent. Secured Cards for Rebuilding Credit
are good because they function like
regular credit cards allowing you
to do things that debit cards may not, like making travel arrangements like airline tickets
that sometimes do not accept check
cards. Individuals with bad credit should apply because approval is usually
guaranteed whether you have good credit or not. This can help in the rebuilding process because many
credit-rebuilding card issuers submit whether or not timely payments are made
to be added to your credit profile. This is a wonderful
method to prove you are creditworthy by making scheduled
payments no matter if you have Excellent
credit or not. Once you make
several consecutive timely payments, most issuers will increase your credit limit without
asking for an additional deposit.
Pre-paid Credit Cards - With
a Pre-paid card, you get out of it exactly what you put in. Similar to
a checking account, a certain amount of money is deposited into an account and that becomes
the amount that can be spent. After the prepaid card
balance reaches zero, simply put more cash into the prepaid account and your card will be ready for use once again. Prepaid cards
are terrific for students, they allow people to make online purchases, and they are generally granted to those that may not qualify to
acquire a traditional checking account.
Quick approval is generally not a problem despite
your bureau score and there is
no need for the bank that issues the prepaid cards to deal with the three bureaus.
With all of the different varieties
of Business Cards
for Excellent credit and
rewards that are available, there is a solution available for most credit card seekers. Look for
Business Cards that give the benefits that fit your situation. The most important thing is to be sure to
spend wisely and pay the bill on or before the due date. Perfect credit is fantastic
To make sure that you keep cultivating the perfect credit score, follow these three guidelines:
1. Keep a balance at no more than half of the
credit max. Simply put, it is not smart to
"over spend". Always carry
an account that is somewhere around forty percent
of the available balance on any
Business Cards for Excellent Credit.
2. Do not default on payments. Even if a minimum payment is all you can afford to make, it is better to make that small payment on time then it is to try and pay more at a later date. If the bill is paid 30 days after the due date, that information will be reported to the credit reporting agencies. This is bad for your credit report. As a result, when this happens you may also be assessed an increased interest rate as a consequence of a solitary delayed payment. Therefore it is recommended that consumers pay on time.
3. Pay the whole thing off every time your finances will allow.
If the card is used a lot, make it your goal to
bring the balance to zero as often as you can. When you do this, it is smart to
make more purchases and pay it back down to zero again after a few months, and keep this cycle going.
This approach indicates to the lenders
that you will be a great customer. Some of the other benefits of this approach are
a lower rate, a higher credit max, and a higher FICO score.
Our affiliates have licenses 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
for Excellent credit
are available online. Click now
to start the application for a solution that could be the answer to