Top Cards for Excellent
Credit - Knowing The Options
When people have
Credit, how will they
tell which Top Cards
to select when there are so many opportunities?
The information below will discuss several kinds
of cards to offer a helpful understanding
of the pros of each:
Cashback - With a Cashback
card, customers are offered a rebate equivalent to
a percentage of their purchases. For instance,
if an applicant is approved for a Cashback
option that awards five percent cashback
on supermarket, gas, and pharmacy
purchases, as the rebates add up they earn cash value. If you
pay $150 in petro, groceries,
and drugstore purchases each week, at
the completion of a year, almost $400
in rebates would be available.
Rewards Points - In lieu
of providing cash back, some lenders
offer points programs. Customers get
points for making purchases. As purchases are made, the points
accumulate. Once a specified number of points have accumulated they can be redeemed for great stuff, such as
free merchandise, gift items, magazines, and more.
It is wise to see if the Top Cards
for Excellent Credit you are considering offers
Petro Bonuses - Card Issuers
are often times understanding about the cost
of gas and want to compensate
people for using their cards by offering them a free
fuel card. As the card is used, points are accumulated. Once enough points have been earned they can be redeemed for a
prepaid gas card. The cool thing is, with some cards fuel points can be earned
while making fuel purchases.
Reward Points Toward Free Hotel Stays, Rental Cars or Frequent Flyer Miles - When these cards are used, free travel points are earned. Once enough points are accumulated, they can be applied toward all kinds of travel arrangements including free air travel. This kind of card is great for business travelers.
Zero Percent Introductory Rates - 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 usually varies from half a year to a whole year.
Generally, folks are advised to utilize this interest-free period
to shift balances from their current Top Cards
to one of these and pay it off while there are no finance charges being accrued. Keeping monthly payments up to date is crucial.
When the first payment is paid late, typically
the interest free introductory rates adjust to a higher
rate. People that are approved for
Top Cards for Excellent
Credit, and have the chance to get an interest free period
should choose this great opportunity.
Secured Cards for Building Credit - People with a secured card
must deposit money into a bank account that can generate interest.
This account serves as the security for the issuer. After the deposit is made a credit card is
extended to the applicant with a credit limit that is the same as
the amount that has been deposited in the account. Every time you use it your available credit is recalculated, affordable
regularly scheduled payments are determined, and payment plan
is is mailed or emailed if you choose paperless billing. If the card is active you will receive a payment plan. Secured Cards for Building Credit
are great because they operate the same as
ordinary credit cards allowing people
to complete all kinds of transactions including booking travel arrangements such as hotels
that typically do not accept consumer checking account
cards. However, just like prepaid cards approval is ordinarily
guaranteed regardless of your credit score. But do not forget that many
credit-rebuilding card issuers report whether or not you are keeping up with your payments
to be added to your credit profile. This is a fantastic
way to show creditworthiness by paying scheduled
payments no matter if you have Excellent
credit or not. After paying
several consecutive timely payments, many times the limit can be increased without
asking for an additional deposit.
Pre-paid Credit Cards - With
a Pre-paid card, there is no question about the credit limit. Similar to
a regular bank account, you put money in and that is
your spending limit. As the prepaid account
balance has been completely used, it can be reloaded with more money and used again. Reloadable cards
are excellent for parents to use to give an allowance to their teen or college student, they make it so you don't have to carry cash all the time, and they are a great solution for those that cannot
obtain a typical checking account.
Fast approval is typically granted regardless of
your FICO profile and there is
no need for the bank that issues the prepaid cards to contact Experian, Equifax, and TransUnion.
With all of the diverse sorts
of Top Cards
for Excellent credit and
benefits that are offered, it is easy to identify the best solution for your situation. Consider
Top Cards that allow for the most rewards. The most important thing is to always
spend wisely and pay the bill on or before the due date. Good credit is fantastic
thing to have.
To be certain that you keep growing a super FICO report, obey these general directions:
1. Maintain your bill at a percentage of the
credit limit. Another way of saying it is, do not
"go wild". It is smart to maintain
a balance that is generally fifty percent
of the max on any
Top Cards for Excellent Credit.
2. It is important to pay the bill when it is due. Even if you have to make just the minimum payment that is listed on your monthly statement, the most important thing is that the payment is made when it is due. When payments are made more than 30 days late, that information could be reported to Experian, Equifax, and Trans Union. This could bring down your credit profile. Not to mention customers may also experience a rising interest rate as a result of one tardy payment. Hence it is wise to make this bill payment a financial priority.
3. Pay the balance completely every quarter.
When you make purchases, try to
take a few months and pay it off at least once a year. Once you do this go ahead and
make more purchases then pay it back down to zero again after a few months, and don't stop this habit.
This approach confirms to the issuing companies
that you can be a great customer. Some of the other benefits of this approach are
a lower rate, more of a limit, and a more favorable credit report.
Our affiliates proudly serve
one or more of these states: 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
for Excellent credit
are waiting for your application. Click here
to start the application for a card that suits