Smart Credit Cards for Top Notch
Credit - Knowing The Choices
If people have
Credit, how will they
tell which Smart Credit Cards
to pick when there are so many possibilities?
The information below will discuss a couple types
of cards to give you a better outline
of the advantages of each:
Money Back - With a Money Back
card, customers are offered a rebate that equals
a fraction of their purchases. For instance,
if a customer has been approved for a Money Back
solution that offers five percent cash back
on groceries, fuel, and pharmacy
items, as the rewards accumulate they can converted to cash. If you
pay one hundred and fifty dollars in fuel, groceries,
and pharmacy purchases weekly, by
the completion of a 12-month period, $390
in rebates would be available.
Redeemable Points - In lieu
of rewarding customers with money back, some lenders
give redeemable rewards. Customers receive
rewards every time the card is used. Every time the card is used, the rewards
accumulate. Once a specified number of points have accumulated they can be cashed in for perks like
free hotel stays, gifts, subscriptions, and so on.
Be sure to find out if the Smart Credit Cards
for Top Notch Credit that you want will offer
Petro Rewards - Companies
are often times considerate of the price
of gasoline and will compensate
consumers for using their credit card by giving them a prepaid
fuel card. As the credit card is utilized, reward points add up. After a specified amount of points are accumulated they can be turned in for a
free prepaid gas card. The cool thing is, with some cards fuel points can be earned
while buying fuel.
Points for Free Rental Car Upgrades, Hotel Rooms, or Frequent Flyer Miles - When these cards are used, customers can earn frequent traveler's points that can be redeemed for free travel. Once enough points are accumulated, they can be applied toward all kinds of travel arrangements including free air travel. These programs are great for frequent travelers.
0% Promotions - Customers that utilize these cards are not charged any interest or finance charges for a certain number of months.
The period where no finance charges are being applied typically lasts anywhere from half a year to a whole year.
Typically, people use this promotional period
to transfer outstanding balances from their high interest Smart Credit Cards
to one like this and pay the balances off within the promotional period. Keeping monthly payments up to date is very important.
When one payment is paid late, most
the introductory rates adjust to a different
rate. Customers that are eligible for
Smart Credit Cards for Top Notch
Credit, and are offered an introductory period free of finance charges
ought to consider this option.
Secured Cards to Re-establish Credit - Individuals with a secured credit card
would deposit money in an account specified by the secured card issuer.
This "is why the card is called "" secured"" ." Once the account is set up, a card is
delivered with a line of credit in
the opening balance of the interest bearing account that was created. Each time you swipe your card the credit limit decreases, affordable
monthly payments are determined, and payment plan
is is mailed or emailed if you choose paperless billing. If purchases are made a relatively small monthly payment is expected. Secured Cards to Re-establish Credit
are terrific because they perform the same as
conventional credit cards allowing you
the freedom to book travel arrangements like vehicle rentals
that sometimes do not accept consumer checking account
cards. Another great feature is that approval is usually
guaranteed regardless of your credit score. This is good because most
credit-rebuilding card issuers report your repayment history
to Experian, Equifax, and Trans Union. This is a great
method to show creditworthiness by paying timely
payments no matter if you have Top Notch
credit or not. After making
several payments in a row, most times the bank that gave you the card will allow you to make purchases over your current limit without
asking for another deposit to the initial secured account.
Prepaid Credit Cards - With
a Prepaid card, you get most of the benefits of a credit card without the debt. Just like
a typical bank account, you put money in and this becomes
the credit limit. After the prepaid credit card
balance reaches zero, you can recharge it with an additional deposit. Reloadable prepaid cards
work well for parents to use to give an allowance to their teen or college student, they offer the same flexibility as a check card, and they are a great solution for those that cannot
obtain a typical depository account.
Quick approval is generally not a problem despite
your FICO report and there is
no need for the prepaid company to deal with the three bureaus.
With all of the many sorts
of Smart Credit Cards
for Top Notch credit and
incentives that they have, it is easy to identify the best solution for your situation. Consider
Smart Credit Cards that offer rewards that match your lifestyle and spending style. The most important thing is to always
spend within your budget and stay under the limit. Timely payments are important as well. Perfect credit is a terrific
thing to have.
To be certain that you keep developing an excellent credit profile, follow these simple instructions:
1. Always have a balance less than the
card's max. Another way of saying it is, do not
"go wild". Make sure to maintain
a bill that is about fifty percent
of the limit on any
Smart Credit Cards for Top Notch Credit.
2. Make the monthly payments by the due date. Even if a small payment can be made, pay it before the due date. If you miss a payment, it must be forwarded to Experian, Equifax, and Trans Union. This has adverse affects on your credit report. Not to mention customers may also experience an increased interest rate as a result of just this one late payment. Thus it is wise to stay on top of the bill.
3. Repay the whole thing off every few billing cycles.
When the balance gets to be about half of the limit, make it your goal to
take a few months and pay it off at least one time per year. After completing this, go ahead and
make more purchases and pay it off once again after over the course of a few billing cycles, and don't stop this habit.
This repayment history shows the lenders
that you are creditworthy. Once this sequence is repeated a couple of times, you could qualify for
low interest rates, more of a limit, and a higher FICO score.
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Smart Credit Cards
for Top Notch credit
are simple to apply for. Click now
to start the application for a solution that suits