Popular Credit Cards for Awesome
Credit - Knowing The Possibilities
If folks have
Credit, how will they
tell which Popular Credit Cards
to select when there are so many options?
The information below will expand on several types
of cards to provide a helpful outline
of the advantages of each:
Cashback - With a Cashback
card, you may be offered a refund equivalent to
a percentage of their transactions. For instance,
if there is a Cashback
offer that provides five percent cashback
on food, fuel, and drugstore
items, as the cash back rewards add up they can converted to cash. If you
use $150 in petro, supermarket items,
and drug store purchases each week, at
the completion of a 12-month period, almost $400
in cash would be available.
Rewards Points - Instead
of giving money back, some companies
give redeemable rewards. Customers receive
points for making purchases. With each swipe of the card, the points
increase. Once a specified number of points have accumulated they can be cashed in for things like
free rental cars, gifts, subscriptions, and more.
It is smart to be aware of whether or not the Popular Credit Cards
for Awesome Credit you are considering offers
a points program.
Fuel Bonuses - Lenders
can be considerate of the price
of gasoline and want to reward
consumers for using their cards by rewarding them with a prepaid
fuel card. As the card is used, points are accumulated. Once a certain number of points are earned they can be cashed in for a
free prepaid gas card. Sometimes, fuel points can be earned
when buying gas.
Points for Free Hotel Stays, Rental Cars or Frequent Traveler Miles - When purchases are made with these cards, redeemable points that can be cashed in for free travel miles are earned. Once enough points are accumulated, they can be cashed in exchange for free airline tickets, hotel stays, or rental cars. This kind of card is great for business travelers.
Zero Percent Introductory Interest Rates - Customers that utilize these cards are not charged any interest or finance charges for a certain number of months.
The period where no finance charges are being applied typically varies from 6-12 months.
Typically, folks are advised to utilize this promotional period
to move balances from their interest bearing Popular Credit Cards
to one of these and pay it off while there are no finance charges being accrued. Making monthly payments on time is extremely important.
When a single payment is late, generally
the interest free rates are changed to another
rate. People that are offered
Popular Credit Cards for Awesome
Credit, and have the chance to get a zero percent promotion
ought to think about this money saving option.
Secured Cards for Rebuilding Credit - Customers that have a secured card
simply deposits money 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
offered with a credit limit in
the opening balance of the interest bearing account that was created. Each time a transaction is approved the credit limit decreases, low rate
recurrent payments are determined, and a bill
is generated. If transactions are being approved, a relatively small monthly payment is expected. Secured Cards for Rebuilding Credit
are excellent because they perform the same as
standard credit cards allowing people
to do things that debit cards may not, like making travel arrangements including hotels
that sometimes do not take debit
cards. However, just like prepaid cards approval is ordinarily
guaranteed even if your credit is poor. This can help in the rebuilding process because most
secured card issuers submit whether or not the bill is paid on time
to Experian, Equifax, and Trans Union. This can be an excellent
practice to prove you are creditworthy by showing regular
payments whether you have Awesome
credit or not. After paying
a certain number of consecutive timely payments, some secured card companies will approve a higher limit without
requiring another deposit to the initial secured account.
Pre-paid Credit Cards - With
a Pre-paid card, there is no guesswork. Similar to
a typical bank account, a deposit is made into an account and this becomes
your spending limit. When the prepaid card
balance becomes depleted, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. Reloadable prepaid credit cards
are fantastic for financial planning, purchases can be tracked, and they help people that cannot
acquire a traditional checking account.
Fast approval is typically not a problem regardless of
your FICO profile and there is
no need for the prepaid company to send any inquiries to Experian, Equifax, and TransUnion.
With all of the various sorts
of Popular Credit Cards
for Awesome credit and
incentives that are offered, there is a solution available for most credit card seekers. Seek
Popular Credit Cards that allow for the most rewards. Remember these things and always
stay within your credit limit and make your payments on time every month. Excellent credit is a great
To ensure that you keep growing the best credit profile, take heed to these simple directions:
1. Keep your outstanding balance at no more than half of the
credit max. In other words, don't
"go crazy". It is important to keep
an account that is somewhere around fifty percent
of the available balance on any
Popular Credit Cards for Awesome Credit.
2. Do not default on payments. Even if the minimum is the most that your budget will allow, be sure to pay the bill on time. If you miss a payment, that information may be told to Experian, Equifax, and Trans Union. This is bad for your FICO profile. Additionally, when this happens you may also experience an increased interest rate as a result of just this one tardy payment. Hence it is wise to pay the bill.
3. Repay all balances down to zero every few months.
When purchases are made, do your best to
pay the balance back down to zero as often as you can. After the bill has been paid down to zero it is okay to
start using the card again then after a couple of billing cycles, pay the whole thing off just like you did before, and keep utilizing this approach as you complete your monthly budget and annual financial plan.
This repayment history shows the issuers
that you are a great customer. Most lenders reward customers like this with
a lower interest rate, a higher credit max, and a better FICO score.
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Popular Credit Cards
for Awesome credit
are our specialty. Click here
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