Smart Credit Cards for Super Prime
Credit - Understanding The Choices
When individuals have
Credit, how can they
know which Smart Credit Cards
to choose when there are so many choices?
This article discusses a few kinds
of cards to provide a useful outline
of the pros of each:
Money Back - With a Money Back
card, customers are offered a repayment equal to
a percentage of their transactions. For example,
if there is a Money Back
solution that offers 5% cash back
on food, fuel, and drugstore
purchases, as purchases increase and rewards accumulate, they can be cashed in. If you
use one hundred and fifty dollars in petro, food,
and drug store items every week, by
the end of a year, $390
in cash back rewards would be ready to cash out.
Redeemable Points - In lieu
of giving cash rewards, some issuers
present customers with points programs. Customers earn
rewards for just about every transaction. Every time the card is used, the points
accumulate. When you earn enough points they can be redeemed for things like
free travel, gift cards, subscriptions, and more.
It is important to know whether or not the Smart Credit Cards
for Super Prime Credit you apply for offers
a redeemable rewards program.
Petro Bonuses - Credit card issuers
can be understanding about the cost
of gas and want to compensate
consumers for making card purchases by offering them a free
fuel card. As purchases are made, points are earned. Once a certain number of points are earned they can be cashed in for a
free prepaid gas card. Sometimes, gas points are actually accumulated even
when buying gas.
Reward Points Toward Free Rental Car Upgrades, Hotel Rooms, or Frequent Traveler Miles - When purchases are made with these cards, customers can earn frequent traveler's points that can be redeemed for free travel. Once enough points are accumulated, they can be redeemed for free travel accommodations. Frequent travelers really like these rewards.
0% Promotional Interest Rates - What does this mean? Simply put: for a limited time, finance charges are not incurred.
This time period usually lasts anywhere from six to twelve months.
Typically, customers are advised to utilize this interest-free period
to transfer balances from their interest bearing Smart Credit Cards
to one of these, then pay it off while there are no finance charges being accrued. Making monthly payments on time is very important.
When the first payment is late, most times
zero percent APR rates go up to a higher
rate. People that are approved for
Smart Credit Cards for Super Prime
Credit, and have the chance to get a 0% introductory rate
should choose this type of card.
Secured Cards to Build Creditworthiness - Individuals with one of these
must deposit a few hundred to a few thousand dollars, depending on what they could afford, in an account that generates interest that the secured card issuer will set up.
This becomes the card's collateral After the deposit is made a card is
issued with a line of credit that is the same as
the amount that has been deposited in the account. As the card is used the credit limit decreases, low rate
regularly scheduled payments are determined, and a monthly invoice
is is mailed. If the card is active an affordable monthly invoice will be sent. Secured Cards to Build Creditworthiness
are great because they function like
standard credit cards allowing customers
to complete all kinds of transactions including booking travel accommodations including airline tickets
that generally do not accept check
cards. Another great feature is that approval is typically
guaranteed whether you have good credit or not. This is good because most
credit-rebuilding card issuers report whether or not you are keeping up with your payments
to Experian, Equifax, and Trans Union. This can be a terrific
method to establish creditworthiness by showing regular
payments whether you have Super Prime
credit or not. Once you make
a certain number of payments on or before their due date, most issuers will increase your credit limit without
requiring additional collateral.
Pre-paid Credit Cards - With
a Pre-paid card, there is no guesswork. Just like
a typical bank account, a deposit is made into an account and this is
your spending limit. As the prepaid credit card
balance has been exhausted, it can be reloaded with more money and used again. Prepaid credit cards
work well as gifts, transactions can be tracked and recorded if necessary, and they are a great solution for those that cannot
get a standard checking account.
Quick approval is typically guaranteed regardless of
your bureau score and there is
no need for the prepaid card issuer to deal with Experian, Equifax, and TransUnion.
With all of the different sorts
of Smart Credit Cards
for Super Prime credit and
bonuses that are available, there is a solution available for most credit card seekers. Seek
Smart Credit Cards that offer rewards that match your lifestyle and spending style. Once you are approved always
make wise purchases and timely payments. Awesome credit is an awesome
thing to have.
To make sure that you keep building a great FICO profile, follow these few rules:
1. Maintain a balance lower than the
credit max. In other words, do not
"go crazy". It is important to retain
a balance that is generally forty to fifty percent
of the maximum spending limit on any
Smart Credit Cards for Super Prime Credit.
2. Make the monthly payments by the due date. Even if a minimum payment is all you can afford to make, pay it. When payments are made more than 30 days late, it could be told to the credit reporting companies. This has adverse affects on your FICO report. And let's not forget the fact that customers may also have to pay a rising interest rate as a result of a late payment. Thus it is wise to pay on time.
3. Repay the whole thing off every few billing cycles.
When purchases are made, do your best to
take a few months and pay it off at least one time per year. After completing this, go ahead and
begin creating transaction activity (like buying gas, shopping online, or making purchases) then after a couple of billing cycles, pay the whole thing off just like you did before, and make this your repayment pattern.
This process indicates to the issuing companies
that you are a great customer. Once this sequence is repeated a couple of times, you could qualify for
a lower rate, a higher credit max, and a better credit score.
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for Super Prime credit
are our specialty. Act now
to apply for a card that suits