Smart Credit Cards for Perfect
Credit - Understanding The Opportunities
When individuals have
Credit, how will they
tell which Smart Credit Cards
to choose when there are so many options?
This article will discuss a few kinds
of cards to offer a useful outline
of the advantages of each:
Cashback - With a Cashback
card, you may be offered a rebate that equals
a fraction of their purchases. For instance,
if an applicant is approved for a Cashback
option that offers five percent cashback
on food, fuel, and drugstore
items, as purchases increase and rewards accumulate, they can converted to cash. If you
spend $150 in gas, supermarket items,
and drug store purchases weekly, by
the end of a 12-month period, almost $400
in rebates would have accumulated.
Redeemable Points - In lieu
of rewarding customers with cash back, some companies
present customers with points programs. Customers get
points for just about every transaction. As purchases are made, the rewards
increase. After a certain amount of points add up they can be redeemed for things like
free rental cars, gift cards, magazines, and more.
It is important to know whether or not the Smart Credit Cards
for Perfect Credit that you want will offer
a points program.
Gasoline Bonuses - Lenders
are often times understanding about the cost
of gas and will reward
consumers for making card purchases by rewarding them with a prepaid
gas card. As the credit card is utilized, reward points add up. Once you have completed enough transactions to accumulate a certain amount of points you are eligible for a
free prepaid fuel card. The funny thing is, with some cards gas rewards can even be earned
while making fuel purchases.
Points Redeemable for Free Rental Car Upgrades, Hotel Rooms, or Frequent Flyer 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 Rates - In the beginning when these credit cards are utilized, there are no finance charges that are applied.
This time period typically varies from 6-12 months.
Smart folks are advised to utilize this promotional period
to shift their balance from their high interest Smart Credit Cards
to one of these and pay the balances off within the promotional period. Keeping monthly payments up to date is key.
When just one payment is overdue, most times
the interest free rates adjust to a much higher
rate. People that are eligible for
Smart Credit Cards for Perfect
Credit, and have the opportunity to sign up for an introductory period free of finance charges
should choose this type of card.
Secured Cards to Establish Credit - Customers that have this type of card
must insert money into a bank account that can generate interest.
This "is why the card is called "" secured"" ." Then, a card is
sent with a credit max equal to
the amount that has been deposited in the account. When purchases are made the amount of that transaction is deducted from your available credit balance, affordable
monthly payments are determined, and a bill
is is mailed or emailed if you choose paperless billing. Just like any other credit card, when you use it low monthly payments will become due. Secured Cards to Establish Credit
are excellent because they perform like
normal credit cards allowing customers
the freedom to book travel accommodations such as hotels, rental cars, airline tickets, or cruises
that typically do not accept consumer checking account
cards. One of the best things about the application process is that approval is usually
guaranteed even if your credit is poor. But do not forget that most
credit-rebuilding card companies report your repayment history
to the credit bureaus. This could be a terrific
technique to establish creditworthiness by paying regular
payments no matter if you have Perfect
credit or not. After making
six to twelve payments on or before their due date, many times the limit can be increased without
asking for an additional deposit.
Prepaid Credit Cards - With
a Prepaid card, you get out of it exactly what you put in. Just like
a conventional account, a certain amount of money is deposited into an account and this becomes
the amount that can be used for purchases. When the prepaid credit card
balance reaches zero, you can recharge it with an additional deposit. Reloadable prepaid credit cards
work well for parents to use to give an allowance to their teen or college student, transactions can be tracked and recorded if necessary, and they help people that cannot
get a regular bank account.
Approval is typically guaranteed regardless of
your bureau profile and there is
no need for the prepaid company to deal with Experian, Equifax, and TransUnion.
With all of the diverse types
of Smart Credit Cards
for Perfect credit and
bonuses that are offered, it is easy to identify the best solution for your situation. Look for
Smart Credit Cards that offer rewards that match your lifestyle and spending style. No matter which card you choose, always
make wise purchases and timely payments. Super credit is a wonderful
To ensure that you keep developing a top notch credit report, follow these general directions:
1. Maintain a balance less than the
card's max. Simply put, don't
"go crazy". Try to carry
a balance that is about sixty percent or less
of the available balance on any
Smart Credit Cards for Perfect Credit.
2. Make payments on or before the due date. Even if you have to make just the minimum payment that is listed on your monthly statement, it is better to make that small payment on time then it is to try and pay more at a later date. If you miss a payment, that information may be sent to the credit bureaus. This has adverse affects on the consumer's FICO report. And let's not forget the fact that you may also have an increased interest rate as a consequence of something as small as a delayed payment. Hence it is smart to be mindful of the due dates.
3. Pay the balance in total every so often.
When purchases are made, try to
bring the balance to zero as often as you can. When you do this, it is okay to
begin creating transaction activity (like buying gas, shopping online, or making purchases) and pay it off once again after over the course of a few billing cycles, and keep this pattern going
This sequence indicates to the issuing companies
that you are an excellent credit candidate. Once this sequence is repeated a couple of times, you could qualify for
low interest rates, higher credit limits, and a better credit score.
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Smart Credit Cards
for Perfect credit
are just a few clicks away. Act now
to get approved for a card that could be the answer to