Recommended Credit Cards for Good
Credit - Understanding The Opportunities
If individuals have
Credit, how can they
tell which Recommended Credit Cards
to choose when there are so many possibilities?
The information below will expand on a few varieties
of cards to offer a helpful understanding
of the benefits of each:
Cashback - With a Cashback
card, you may be offered a rebate equal to
a fraction of their transactions. For example,
if there is a Cashback
offer that offers 5% cashback
on groceries, fuel, and drugstore
purchases, as the rebates add up they can be cashed in. If you
use a hundred fifty dollars in gas, supermarket items,
and pharmacy items weekly, by
the end of a 12-month period, $390
in cash back rewards would have accumulated.
Rewards Points - In lieu
of providing cash rewards, some issuers
give points programs. Customers earn
points when purchases are made. With each swipe of the card, the points
accumulate. When you earn enough points they can be redeemed for perks like
free hotel stays, gift items, subscriptions, and so on.
Be sure to find out if the Recommended Credit Cards
for Good Credit you are considering offers
a points program.
Petro Bonuses - Credit card issuers
can be sensitive to the price
of gasoline and will compensate
consumers for using their credit card by rewarding them with a free
gasoline card. As transactions are completed, points are accumulated and summarized. Once enough points have been earned you are eligible for a
free prepaid gas card. Sometimes, fuel points can be earned
when you are gassing up your vehicle.
Points for Free Hotel Stays, Rental Cars or Frequent Traveler Miles - When these cards are used, free travel points are earned. Once a certain number of points have been accumulated, they can be redeemed for free travel accommodations. Frequent travelers really like these rewards.
Zero Percent Promotional Interest Rates - With these cards, finance charges are not accrued for a certain amount of time.
The period where no finance charges are being applied usually lasts anywhere from 6-12 months.
Smart folks use this time
to move outstanding balances from their high interest Recommended Credit Cards
to one like this and pay the balances off within the promotional period. Keeping monthly payments up to date is key.
When the first payment becomes past due, most times
zero percent APR rates are changed to an interest-bearing
rate. Individuals that are applying for
Recommended Credit Cards for Good
Credit, and have the opportunity to sign up for a zero percent promotion
ought to consider this card.
Secured Cards - People that have this type of card
would insert money in an account that generates interest that the secured card issuer will set up.
This "is what makes it a "" secured card"" ." Then, a card is
delivered with a credit limit equal to
the amount that has been deposited in the account. Each time you swipe your card the credit limit decreases, affordable
regularly scheduled payments are calculated, and payment plan
is is mailed. If transactions are being approved, you will receive a payment plan. Secured Cards
are great because they perform the same as
normal credit cards allowing you
the freedom to book travel accommodations including hotels
that commonly do not take debit
cards. For those with bad credit approval is ordinarily
guaranteed whether you have good credit or not. This is good because most
credit-rebuilding card issuers report your repayment history
to be added to your credit profile. This could be a wonderful
practice to establish creditworthiness by paying timely
payments no matter if you have Good
credit or not. After paying
several payments on or before their due date, most issuers will increase your credit limit without
asking for another deposit to the initial secured account.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, you get most of the benefits of a credit card without the debt. Similar to
a typical bank account, you put money in and that is
the amount that can be used for purchases. After the prepaid account
balance is used up, 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 fantastic as gifts, purchases can be tracked, and they work well for individuals that are unable to
get a traditional bank account.
Approval is usually granted regardless of
your FICO profile and there is
no need for the issuer to send any inquiries to the credit bureaus.
With all of the various kinds
of Recommended Credit Cards
for Good credit and
benefits that they have, there is a solution available for most credit card seekers. Seek
Recommended Credit Cards that make sense for your situation that will allow you to control your spending habits. When you receive your card be sure to
try to keep your purchases at less than half of your credit limit and make more than the minimum payment every month. Awesome credit is a great
To make sure that you keep building the best credit report, obey these three rules:
1. Maintain your bill at a percentage of the
card's max. In other words, don't
"max out". It is important to keep
an account that is somewhere around forty percent
of the maximum spending limit on any
Recommended Credit Cards for Good Credit.
2. Keep the credit card bill paid on time. Even if a small payment can be made, 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 must be posted to the credit reporting companies. This is not good for the consumer's credit profile. Additionally, when this happens you may also have an increased interest rate as a consequence of a solitary late payment. Hence it is smart to be mindful of the due dates.
3. Pay all balances down to zero every couple months.
When you make purchases, do your best to
pay the balance back down to zero as much as possible. Afterward, it is smart to
begin creating transaction activity (like buying gas, shopping online, or making purchases) then after a couple of billing cycles, pay the whole thing off just like you did before, and don't stop this habit.
This process indicates to the issuers
that you will be an excellent credit candidate. Most lenders reward customers like this with
a lower rate, more of a limit, and a higher FICO score.
Our network partners proudly serve
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
Recommended Credit Cards
for Good credit
are our specialty. Act now
to apply for a card that fits