Smart Credit Cards for Awesome
Credit - Learning The Choices
If people have
Credit, how do they
know which Smart Credit Cards
to choose when there are so many options?
This article discusses a couple kinds
of cards to provide a helpful understanding
of the advantages of each:
Money Back - With a Money Back
card, customers get a reimbursement that is the same as
a fraction of their transactions. For example,
if there is a Money Back
offer that provides 5% cash back
on supermarket, fuel, and drugstore
purchases, as the cash back rewards add up they can be cashed in. If you
pay one hundred and fifty dollars in gasoline, food,
and drugstore items every week, at
the completion of a 12-month period, $390
in rebates would have accumulated.
Redeemable Points - In lieu
of offering money back, some lenders
give redeemable rewards. Customers earn
points for just about every transaction. With each swipe of the card, the points
accumulate. Once a specified number of points have accumulated they can be redeemed for great stuff, such as
free merchandise, gifts, subscriptions, and so on.
Be sure to find out if the Smart Credit Cards
for Awesome Credit you apply for offers
a points program.
Fuel Bonuses - Companies
can be considerate of the price
of gas and want to offer an incentive to
people for using their credit card by giving them a prepaid
gas card. As the card is used, points are accumulated. After a specified amount of points are accumulated you are eligible for a
free prepaid fuel card. The cool thing is, with some cards fuel points can be earned
while making fuel purchases.
Rewards for Free Hotel Accommodations, Car Rentals, or Frequent Traveler Miles - When these cards are used, "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 for discounted or free airline tickets or travel accommodations. This kind of card is great for business travelers.
Zero Percent Promotions - In the beginning when these credit cards are utilized, there are no finance charges that are applied.
This time period typically lasts anywhere from 6-12 months.
Many folks are advised to utilize this kind of card
to transfer their balance from their high interest Smart Credit Cards
to one like this and pay it off while there are no finance charges being accrued. Making monthly payments on time is especially crucial.
When one payment is not received on time, most
the interest free rates are changed to another
rate. Individuals that are applying for
Smart Credit Cards for Awesome
Credit, and have the chance to get an introductory period free of finance charges
ought to think about this type of card.
Secured Cards for Rebuilding Credit - People with a secured credit card
would insert money into an account that can earn interest while it is there.
This account serves as the security for the issuer. Once the account is set up, a card is
extended to the applicant with a line of credit equal to
the amount of the deposit. Every time you use it the amount of that transaction is deducted from your available credit balance, affordable
regularly scheduled payments are determined, and a monthly invoice
is is mailed or emailed if you choose paperless billing. If the card is being used a relatively small monthly payment is expected. Secured Cards for Rebuilding Credit
are perfect because they operate like
standard credit cards allowing you
the freedom to book travel accommodations like airline tickets
that generally do not accept consumer checking account
cards. One of the best things about the application process is that approval is typically
guaranteed whether you have good credit or not. However, keep in mind that many
secured card issuers report your repayment history
to Experian, Equifax, and Trans Union. This is a great
technique to prove you are creditworthy by showing regular
payments whether you have Awesome
credit or not. After paying
six to twelve payments on or before their due date, most times the bank that gave you the card will allow you to make purchases over your current limit without
requiring more cash to be put into the account that was used to set up the card.
Prepaid Credit Cards - With
a Prepaid card, you get out of it exactly what you put in. Similar to
a typical bank account, you put money in and this is
the credit limit. When the prepaid account
balance runs out, it can be reloaded with more money and used again. Reloadable prepaid cards
are fantastic as gifts, purchases can be tracked, and they work well for individuals that are unable to
get a standard bank account.
Quick approval is normally granted regardless of
your bureau profile and there is
no need for the bank that issues the prepaid cards to deal with the credit bureaus.
With all of the many kinds
of Smart Credit Cards
for Awesome credit and
bonuses that each of them offer, there is a solution available for most credit card seekers. Seek
Smart Credit Cards that allow for the most rewards. Stay smart and be sure to
stay within your credit limit and make your payments on time every month. Awesome credit is fantastic
thing to have.
To be certain that you keep growing a prime FICO score, take heed to these few guidelines:
1. Always have your outstanding balance lower than the
credit max. In other words, do not
"max out". Always keep
a balance that is generally sixty percent or less
of the limit on any
Smart Credit Cards for Awesome Credit.
2. Make at least the minimum payment as scheduled. Even if you cannot make more than the minimum payment due, it is better to make that small payment on time then it is to try and pay more at a later date. Once a payment is more than 30 days behind, that information must be forwarded to Experian, Equifax, and Trans Union. This could bring down your FICO score. As a result, customers may also be assessed a rising interest rate as a result of something as small as a past due payment. Thus it is advised that you make payments.
3. Pay the entire bill every quarter.
When purchases are made, try to
pay it all off as often as you can. After completing this, it is okay to
start swiping your card for purchases again then pay it back down to zero again after a few months, and keep this cycle going.
This repayment history demonstrates to the lenders
that you can be an excellent credit candidate. You could also be rewarded with
low rates, a higher limit, and a better credit score.
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Smart Credit Cards
for Awesome credit
are available online. Click here
to get approved for a card that could be the answer to