Recommended Credit Cards for Perfect
Credit - Knowing The Opportunities
When folks have
Credit, how do they
tell which Recommended Credit Cards
to pick when there are so many possibilities?
The information below will discuss a couple varieties
of cards to give you a helpful outline
of the pros of each:
Cash Back - With a Cash Back
card, customers are rewarded with a reimbursement equivalent to
a percentage of their purchases. For instance,
if a customer has been approved for a Cash Back
solution that provides 5% cashback
on supermarket, gasoline, and pharmacy
purchases, as the rebates add up they earn cash value. If you
use $150 in gasoline, food,
and drug store purchases every 5-7 days, by
the completion of a 12-month period, almost $400
in cash back rewards would be ready to cash out.
Redeemable Points - In lieu
of giving cash back, some lenders
offer points programs. Customers earn
points when purchases are made. With each swipe of the card, the points
increase. When you earn enough points they can be redeemed for all kinds of goodies including
free rental cars, gift items, magazines, and so on.
It is important to know whether or not the Recommended Credit Cards
for Perfect Credit you are considering offers
a points program.
Gas Rewards - Card Issuers
can be sensitive to the price
of gas and want to give incentives to
their customers for using their credit card by offering them a free
fuel card. As purchases are made, points are earned. Once you have completed enough transactions to accumulate a certain amount of points they can be cashed in for a
free prepaid gas station card. Sometimes, redeemable fuel rewards can be accumulated
while buying fuel.
Points for Free Hotel Accommodations, Car Rentals, or Frequent Air Travel Miles - When these cards are used, redeemable points that can be used for free travel arrangements including airline travel are accumulated. Once a certain number of points have been accumulated, they turn into vouchers that can be used for discounted or free travel arrangements like rental cars, hotels, or even airline tickets. This kind of card is great for business travelers.
0% Promotions - What does this mean? Simply put: for a limited time, finance charges are not incurred.
The promotional period usually varies from half a year to a whole year.
Many people take advantage of this promotional period
to transfer balances from their current Recommended Credit Cards
to one of these and pay the balances off within the promotional period. Making monthly payments on time is incredibly important.
When one payment is late, most
zero percent APR rates are changed to a different
rate. Customers that are offered
Recommended Credit Cards for Perfect
Credit, and have the opportunity to sign up for a 0% promotion
should choose this option.
Secured Credit Cards - People with one of these
must insert a certain amount of money into a secure account that accumulates interest.
This becomes the card's collateral Then, a card is
extended to the applicant with a credit max equal to
the amount of the deposit. Each time a transaction is approved the credit limit decreases, low rate
monthly payments are computed, and a monthly invoice
is given to you. Just like any other credit card, when you use it a relatively small monthly payment is expected. Secured Credit Cards
are perfect because they operate like
normal credit cards allowing customers
to complete all kinds of transactions including booking travel accommodations including hotels, rental cars, airline tickets, or cruises
that usually do not take prepaid or debit
cards. For those with bad credit approval is generally
guaranteed whether you have good credit or not. However, keep in mind that most
credit-rebuilding card issuers submit your payment schedule and how you keep up with your payments
to Experian, Equifax, and Trans Union. This is a wonderful
approach to prove you are creditworthy by making scheduled
payments whether you have Perfect
credit or not. Once you have paid
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.
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, you put money in and that is
the amount that can be used for purchases. After the prepaid card
balance has been completely used, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. These cards
are terrific for staying on a budget, they make it so you don't have to carry cash all the time, and they are generally granted to those that may not qualify to
acquire a normal checking account.
Quick approval is generally granted despite
your bureau report and there is
no need for the issuer to deal with Experian, Equifax, and TransUnion.
With all of the many types
of Recommended Credit Cards
for Perfect credit and
benefits that exist, there is a solution available for most credit card seekers. Look for
Recommended Credit Cards that offer rewards that match your lifestyle and spending style. No matter which card you choose, always
stay within your credit limit and make your payments on time every month. Prime credit is an awesome
To guarantee that you keep building a top notch credit report, take heed to these simple directions:
1. Maintain your outstanding balance at no more than half of the
credit max. Another way of saying it is, it is not smart to
"go wild". Try to carry
an account that is about sixty percent or less
of the limit on any
Recommended Credit Cards for Perfect Credit.
2. Make at least the minimum payment as scheduled. Even if a minimum payment is all you can afford to make, pay it before the due date. If you miss a payment, that information may be posted to the credit reporting agencies. This has adverse affects on your FICO report. Additionally, when this happens you may also have to pay more points on the card's interest rate as a consequence of a single tardy payment. Hence it is recommended that consumers stay on top of the bill.
3. Repay all balances down to zero every quarter.
When purchases are made, make it your goal to
bring the balance to zero as often as you can. Afterward, you can feel free to
start swiping your card for purchases again then pay it off once again after over the course of a few billing cycles, and make this your repayment pattern.
This cycle shows the issuing companies
that you are a great customer. Some other perks you could get when you repay in this way are
low rates, an increased credit limit, and a more favorable credit report.
Our network partners supply
one or more of these areas: 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 Perfect credit
are waiting for your application. Act now
to start the application for a solution that suits