Top Credit Cards for Average
Credit - Understanding The Choices
If folks have
Credit, how will they
distinguish which Top Credit Cards
to pick when there are so many opportunities?
This article discusses a few types
of cards to give you a helpful outline
of the pros of each:
Money Back - With a Money Back
card, customers are rewarded with a reimbursement that is the same as
a fraction of their transactions. For example,
if a customer has been approved for a Money Back
option that offers 5% cashback
on groceries, gas, and pharmacy
items, as purchases increase and rewards accumulate, they can converted to cash. If you
use one hundred and fifty dollars in petro, groceries,
and drug store purchases each week, by
the completion of a year, $390
in cash back rewards would be ready to cash out.
Rewards Points - In lieu
of providing cash rebates, some lenders
give redeemable rewards. Customers receive
rewards every time the card is used. With each swipe of the card, the points
add up. After a certain amount of points add up they can be redeemed for things like
free hotel stays, gift items, subscriptions, and more.
It is smart to be aware of whether or not the Top Credit Cards
for Average Credit you are considering offers
Gas Rewards - Companies
are often times considerate of the cost
of gas and want to give incentives to
people for using their credit card by rewarding them with a prepaid
gasoline card. As the credit card is utilized, reward points add up. Once you have completed enough transactions to accumulate a certain amount of points they can be redeemed for a
prepaid gas card. The cool thing is, with some cards fuel points can be earned
while you are gassing up your vehicle.
Reward Points Toward Free Rental Car Upgrades, Hotel Rooms, or Frequent Air Travel 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 applied toward all kinds of travel arrangements including free air travel. These programs are great for frequent travelers.
Zero Percent Introductory Interest Rates - What does this mean? Simply put: for a limited time, finance charges are not incurred.
This time period usually lasts anywhere from half a year to a whole year.
Smart people use this interest-free period
to transfer balances from their high interest Top Credit Cards
to one of these and pay the balances off within the promotional period. Keeping monthly payments up to date is very important.
When a payment is paid after the due date, most
the interest free rates adjust to an interest-bearing
rate. Customers that are offered
Top Credit Cards for Average
Credit, and have the opportunity to sign up for a zero percent promotion
ought to consider this card.
Secured Cards - Customers with this type of card
simply deposits a certain amount of money in an account that can earn interest while it is there.
This is what secures the account. At that point a card is
extended to the applicant with a credit max equal to
the amount of the deposit. Each time you swipe your card the amount of that transaction is deducted from your available credit balance, low rate
monthly payments are determined, and payment plan
is is mailed or emailed if you choose paperless billing. If purchases are made an affordable repayment plan will be created. Secured Cards
are great because they operate like
ordinary credit cards allowing customers
to complete all kinds of transactions including booking travel arrangements such as vehicle rentals
that sometimes do not take consumer checking account
cards. When applicants have bad credit approval is generally
guaranteed no matter what. This can help in the rebuilding process because most
credit-rebuilding card companies report whether or not you are keeping up with your payments
to be added to your credit profile. This could be a good
technique to show creditworthiness by paying scheduled
payments whether you have Average
credit or not. After making
several payments on or before their due date, 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, there is no question about the credit limit. Just like
a regular bank account, you put money in and that becomes
the credit limit. As the prepaid credit card
balance has been completely used, it can be reloaded with more money and used again. Reloadable cards
work wonderfully as gifts, transactions can be tracked and recorded if necessary, and they help people that cannot
obtain a normal banking account.
Approval is typically granted regardless of
your credit profile and there is
no need for the bank that issues the prepaid cards to contact the credit bureaus.
With all of the various sorts
of Top Credit Cards
for Average credit and
benefits that are offered, it is easy to identify the best solution for your situation. Look for
Top Credit Cards that offer rewards that match your lifestyle and spending style. When you receive your card always
stay within your credit limit and make your payments on time every month. Excellent credit is a terrific
thing to have.
To make sure that you keep growing a great credit report, take heed to these simple instructions:
1. Maintain a balance at no more than half of the
credit limit. In other words, it is not smart to
"max out". It is smart to retain
a balance that is about sixty percent or less
of the max on any
Top Credit Cards for Average Credit.
2. Keep the credit card bill paid on time. Even if you cannot make more than the minimum payment due, make the payment in a timely fashion. When payments are made more than 30 days late, it could be reported to the credit reporting companies. This is bad for the consumer's credit profile. Additionally, customers may also have a higher interest rate as a consequence of something as small as a late payment. Hence it is smart to stay on top of the bill.
3. Repay all balances down to zero every quarter.
When the balance gets to be about half of the limit, try to
bring the balance to zero as often as you can. Once you do this it is smart to
make more purchases and pay it back down to zero again after a few months, and keep this pattern going
This approach demonstrates to the issuers
that you will be an excellent credit candidate. Most lenders reward customers like this with
a lower interest rate, a higher credit max, and a higher credit score.
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Top Credit Cards
for Average credit
are easy to find. Act now
to start the application for a solution that fits