Smart Credit Cards for Perfect
Credit - Learning The Options
When people have
Credit, how will they
know which Smart Credit Cards
to pick when there are so many options?
The information below will discuss several varieties
of cards to give you a helpful understanding
of the advantages of each:
Money Back - With a Money Back
card, customers get a refund equivalent to
a percentage of their purchases. For instance,
if an applicant is approved for a Money Back
offer that provides five percent cashback
on supermarket, fuel, and drugstore
items, as purchases increase and rewards accumulate, they earn cash value. If you
use a hundred fifty dollars in gas, food,
and drug store items every week, at
the end of a year, $390
in cash would be available.
Redeemable Points - In lieu
of rewarding customers with cash back, some issuers
offer points programs. Customers get
rewards for just about every transaction. As purchases are made, the points
increase. After a certain amount of points add up they can be redeemed for perks like
free hotel stays, gift items, magazines, etc.
Always check to see if the Smart Credit Cards
for Perfect Credit you are considering offers
a points program.
Gasoline Bonuses - Credit card issuers
can be considerate of the cost
of fuel and will offer an incentive to
people for using their cards by giving them a free
gas card. As the credit card is utilized, reward points add up. Once a certain number of points are earned they can be turned in for a
free prepaid gas card. Sometimes, redeemable fuel rewards can be accumulated
while making fuel purchases.
Points for Free Hotel Stays, Rental Cars or Frequent Flyer 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 for discounted or free airline tickets or travel accommodations. Frequent travelers really like these rewards.
0% Promotions - Finance charges are not applied on these cards for a specified amount of time.
This time period usually lasts anywhere from 6-12 months.
Generally, folks are advised to utilize this kind of card
to move their balance from their current Smart Credit Cards
to one of these, then create a personal budget that allows them to pay the whole thing off without having to pay any finance charges. Making monthly payments on time is extremely important.
When just one payment is not paid on time, typically
0% APR rates adjust to a higher
rate. Folks that are applying for
Smart Credit Cards for Perfect
Credit, and have the opportunity to sign up for an introductory period free of finance charges
ought to choose this opportunity.
Secured Cards to Establish Credit - Individuals with one of these
must put money into an account that can earn interest while it is there.
This account serves as the security for the issuer. After the deposit is made a card is
issued with a credit limit in
the amount that has been deposited in the account. Each time a transaction is approved the amount of that transaction is deducted from your available credit balance, low rate
monthly payments are computed, and a bill
is generated. If the card is being used an affordable monthly invoice will be sent. Secured Cards to Establish Credit
are awesome because they perform the same as
standard credit cards allowing customers
to do things that debit cards may not, like making travel arrangements such as hotels, rental cars, airline tickets, or cruises
that typically do not accept debit
cards. For those with bad credit approval is ordinarily
guaranteed no matter what. It is important to note that many
credit-rebuilding card companies report whether or not you are keeping up with your payments
to the credit bureaus. This is a great
method to establish creditworthiness by showing scheduled
payments no matter if you have Perfect
credit or not. Once you make
a certain number of payments in a row, most issuers will increase your credit limit without
requiring 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. Just like
a regular bank account, a certain amount of money is deposited into an account and this becomes
the credit limit. As the prepaid account
balance has been exhausted, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. These cards
work well as gifts, 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 conventional bank account.
Quick approval is typically guaranteed despite
your credit score and there is
no need for the prepaid company to deal with the credit bureaus.
With all of the diverse types
of Smart Credit Cards
for Perfect credit and
rewards that each of them offer, there is something for everyone. Seek
Smart Credit Cards that offer rewards that match your lifestyle and spending style. Stay smart and always
spend wisely and pay the bill on or before the due date. Top notch credit is an awesome
To guarantee that you keep cultivating the best FICO profile, obey these easy directions:
1. Keep your bill lower than the
card's max. Another way of saying it is, do not
"go wild". It is smart to maintain
a balance that is somewhere around half
of the limit on any
Smart Credit Cards for Perfect Credit.
2. Make at least the minimum payment as scheduled. Even if you have to make just the minimum payment that is listed on your monthly statement, be sure to pay the bill on time. Once a payment is more than 30 days behind, it may be posted to the credit reporting companies. This is bad for your credit score. Unfortunately, you may also be assessed an increased interest rate as a consequence of a solitary tardy payment. Hence it is advised that you stay on top of the bill.
3. Repay the balance in total every time your finances will allow.
If the card is used a lot, make it your goal to
bring the balance to zero as much as possible. Once you do this it is okay to
start swiping your card for purchases again and pay it back down to zero again after a few months, and keep this pattern going
This repayment history indicates to the issuing companies
that you can be an excellent credit candidate. Some other perks you could get when you repay in this way are
a lower interest rate, an increased credit limit, and a higher FICO score.
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Smart Credit Cards
for Perfect credit
are simple to apply for. Click here
to apply for a card that suits