Business Cards for Top Notch
Credit - Knowing The Options
When individuals have
Credit, how can they
know which Business Cards
to pick when there are so many choices?
This article will break down several kinds
of cards to provide a helpful outline
of the pros of each:
Money Back - With a Money Back
card, customers get a refund that equals
a fraction of their purchases. For example,
if a customer has been approved for a Money Back
offer that offers 5% cash back
on groceries, gasoline, and pharmacy
items, as the cash back rewards add up they can be cashed in. If you
spend $150 in petro, food,
and drug store purchases each week, by
the completion of a 12-month period, almost $400
in cash would be available.
Redeemable Points - In lieu
of rewarding customers with cash rebates, some issuers
offer points programs. Customers earn
rewards every time the card is used. With each swipe of the card, the points
add up. Once a specified number of points have accumulated they can be cashed in for items including
free merchandise, gifts, magazines, and so on.
Always check to see if the Business Cards
for Top Notch Credit you apply for offers
a points program.
Petro Bonuses - Lenders
are often times sensitive to the price
of gasoline and want to compensate
consumers for making card purchases by giving them a free
gasoline card. As the card is used, points are accumulated. Once you have completed enough transactions to accumulate a certain amount of points you can get a
prepaid gas card. The funny thing is, with some cards redeemable fuel rewards can be accumulated
while making fuel purchases.
Rewards for Free Hotel Stays, Rental Cars or Frequent Air Traveler Miles - When this kind of card is utilized, "customers receive "" points"" toward free travel including free frequent flyer miles." After an accumulation of a certain number of points, they can be cashed in exchange for free airline tickets, hotel stays, or rental cars. Business travelers find these kinds of programs to be very beneficial.
Zero Percent Introductory Interest Rates - In the beginning when these credit cards are utilized, there are no finance charges that are applied.
The promotional period typically spans six to twelve months.
Many people use this interest-free period
to move their balance from their current Business Cards
to one like this and create a personal budget that allows them to pay the whole thing off without having to pay any finance charges. Keeping monthly payments up to date is crucial.
When the first payment is not paid on time, generally
0% APR rates adjust to a different
rate. Individuals that are approved for
Business Cards for Top Notch
Credit, and have the opportunity to sign up for a 0% introductory rate
ought to consider this opportunity.
Secured Credit Cards - People with one of these
simply deposits a specified amount of cash in an account that can earn interest while it is there.
This "is what makes it a "" secured card"" ." Once the account is set up, a credit card is
issued with a credit max that is the same as
the opening balance of the interest bearing account that was created. Each time a transaction is approved your available credit is recalculated, low interest
regularly scheduled payments are determined, and a monthly invoice
is generated. Just like any other credit card, when you use it a relatively small monthly payment is expected. Secured Credit Cards
are great because they function like
conventional credit cards allowing customers
to complete all kinds of transactions including booking travel arrangements like airline tickets
that generally do not accept debit
cards. Individuals with bad credit should apply because approval is usually
guaranteed even if your credit is poor. It is important to note that most
credit-rebuilding card issuers report your payment schedule and how you keep up with your payments
to Experian, Equifax, and Trans Union. This can be a fantastic
technique to show creditworthiness by paying regular
payments whether you have Top Notch
credit or not. Once you have paid
six to twelve consecutive timely payments, some secured card companies will approve a higher limit 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, you get most of the benefits of a credit card without the debt. Just like
a checking account, a certain amount of money is deposited into an account and that is
the amount that can be spent. After the prepaid account
balance has been exhausted, it can be reloaded with more money and used again. Reloadable prepaid credit cards
are excellent as gifts, they offer the kind of flexibility that debit cards have, and they are generally granted to those that may not qualify to
acquire a regular banking account.
Approval is typically granted despite
your FICO profile and there is
no need for the bank that issues the prepaid cards to send any inquiries to Experian, Equifax, and TransUnion.
With all of the diverse kinds
of Business Cards
for Top Notch credit and
benefits that are offered, there is something for everyone. Look for
Business Cards that make sense for your situation that will allow you to control your spending habits. Remember these things and be sure to
stay within your credit limit and make your payments on time every month. Superb credit is a terrific
thing to have.
To make certain that you keep developing an excellent credit report, follow these few directions:
1. Maintain a balance at a percentage of the
card's max. Simply put, do not
"go wild". The banks encourage their cardholders to maintain
an account that is generally sixty percent or less
of the limit on any
Business Cards for Top Notch Credit.
2. Keep the credit card bill paid on time. Even if you have to make just the minimum payment that is listed on your monthly statement, make the payment in a timely fashion. If the bill is paid 30 days after the due date, it must be posted to Experian, Equifax, and Trans Union. This has adverse affects on the consumer's credit profile. As a result, you may also experience an increased interest rate as a result of just one delayed payment. Thus it is smart to pay the bill.
3. Pay the balance in total every time your finances will allow.
When the balance gets to be about half of the limit, try to
bring the balance to zero as much as possible. After the bill has been paid down to zero it is okay to
start swiping your card for purchases again and pay it off once again after over the course of a few billing cycles, and keep this cycle going.
This approach shows the issuers
that you are creditworthy. Once this sequence is repeated a couple of times, you could qualify for
lower rates, more of a limit, and a better credit profile.
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Virginia * Wisconsin * Wyoming
for Top Notch credit
are available online. Act now
to start the application for a card that fits