Smart Credit Cards for Prime
Credit - Understanding The Choices
When people have
Credit, how do they
tell which Smart Credit Cards
to choose when there are so many opportunities?
This article will expand on several types
of cards to give you a helpful understanding
of the pros of each:
Cashback - With a Cashback
card, customers are offered a rebate equal to
a fraction of their purchases. For instance,
if somebody has a Cashback
option that offers 5% cashback
on groceries, fuel, and drugstore
items, as purchases increase and rewards accumulate, they can be cashed in. If you
spend a hundred fifty dollars in gasoline, food,
and pharmacy purchases every 5-7 days, at
the completion of a 12-month period, $390
in cash would be ready to cash out.
Rewards Points - Instead
of rewarding customers with money back, some lenders
present customers with redeemable rewards. Customers get
points every time the card is used. As purchases are made, the points
accumulate. After a certain amount of points add up they can be redeemed for things like
free travel, gifts, subscriptions, etc.
It is wise to see if the Smart Credit Cards
for Prime Credit you apply for offers
a points program.
Gas Rewards - Credit card issuers
are often times considerate of the cost
of fuel and will offer an incentive to
people for making card purchases by rewarding them with a free
gasoline card. As the credit card is utilized, reward points add up. After you have earned enough points you can get a
prepaid gasoline card. The cool thing is, with some cards gas points are actually accumulated even
when buying fuel.
Rewards for Free Rental Car Upgrades, Hotel Rooms, or Frequent Air Traveler Miles - When purchases are made with this kind of card, free travel points are earned. Once enough points are accumulated, they can be redeemed for free travel accommodations. This kind of card is great for business travelers.
Zero Percent APR Promotions - What does this mean? Simply put: for a limited time, finance charges are not incurred.
The period where no finance charges are being applied usually varies from 6-12 months.
Typically, customers use this interest-free period
to transfer balances from their high interest Smart Credit Cards
to one of these and pay it off while there are no finance charges being accrued. Paying the bill on or before the due date is crucial.
When just one payment is overdue, most times
the introductory rates are changed to a different
rate. Individuals that are offered
Smart Credit Cards for Prime
Credit, and are offered an introductory period free of finance charges
should consider this option.
Secured Cards - People with a secured card
simply deposits a specified amount of cash in an interest-bearing savings account.
This account serves as the security for the issuer. After the deposit is made a card is
sent with a credit max in
the amount that has been deposited in the account. When purchases are made your available credit is recalculated, low rate
regularly scheduled payments are calculated, and a bill
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
are excellent because they operate like
ordinary credit cards allowing you
to complete all kinds of transactions including booking travel accommodations such as hotels, rental cars, airline tickets, or cruises
that commonly do not accept standard bank account
cards. For those with bad credit approval is ordinarily
guaranteed no matter what. However, keep in mind that most
secured card issuers report whether or not the bill is paid on time
to the credit bureaus. This could be a wonderful
way to show creditworthiness by showing scheduled
payments whether you have Prime
credit or not. After making
six to twelve payments in a row, typically the lender will offer additional spending power without
asking for another deposit to the initial secured account.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no question about the credit limit. Similar to
a checking account, you put money in and that becomes
the credit limit. When the prepaid credit card
balance reaches zero, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. Reloadable prepaid credit cards
are fantastic as gifts, purchases can be tracked, and they are a great solution for those that cannot
acquire a typical checking account.
Fast approval is generally granted regardless of
your FICO score and there is
no need for the issuer to send any inquiries to the three bureaus.
With all of the various sorts
of Smart Credit Cards
for Prime credit and
incentives that exist, there is something for everyone. Seek
Smart Credit Cards that offer rewards that match your lifestyle and spending style. Stay smart and be sure to
spend wisely and pay the bill on or before the due date. Good credit is an awesome
To make certain that you keep developing the perfect credit profile, take heed to these easy guidelines:
1. Always have a balance at no more than half of the
card's limit. Another way of saying it is, it is not smart to
"max out". It is important to carry
a bill that is no more than sixty percent or less
of the available balance on any
Smart Credit Cards for Prime Credit.
2. Do not default on payments. Even if the minimum is the most that your budget will allow, that will be just fine. If the bill is paid 30 days after the due date, that information may be forwarded to the credit reporting agencies. This is not good for your FICO score. Unfortunately, you may also have a higher interest rate as a result of a single past due payment. Thus it is advised that you stay on top of the bill.
3. Repay the balance in total every so often.
When the balance gets to be about half of the limit, try to
take a few months and pay it off as often as you can. When you do this, it is wise to
make more purchases and pay it back down to zero again after a few months, and don't stop this habit.
This sequence confirms to the issuing companies
that you are an excellent credit candidate. You could also be rewarded with
a lower interest rate, a higher limit, and a higher FICO score.
Our partners provide services in
one or more of these 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
Smart Credit Cards
for Prime credit
are waiting for your application. Click now
to apply for a card that suits