Top Credit Cards for Average
Credit - Understanding The Options
If folks have
Credit, how do they
tell which Top Credit Cards
to pick when there are so many possibilities?
The information below will break down several varieties
of cards to offer a useful outline
of the pros of each:
Cashback - With a Cashback
card, customers get a rebate equal to
a percentage of their purchases. For instance,
if a customer has been approved for a Cashback
offer that provides 5% cashback
on supermarket, fuel, and drugstore
items, as purchases increase and rewards accumulate, they can converted to cash. If you
spend $150 in petro, food,
and pharmacy purchases each week, by
the completion of a year, almost $400
in cash back rewards would have accumulated.
Redeemable Points - In lieu
of providing cash rewards, some lenders
give redeemable rewards. Customers get
rewards for making purchases. As purchases are made, the rewards
increase. When you earn enough points they can be redeemed for all kinds of goodies including
free merchandise, gift items, magazines, and so on.
It is important to know whether or not the Top Credit Cards
for Average Credit you are considering offers
Gas Rewards - Credit card issuers
are often times sensitive to the cost
of fuel and will give incentives to
their customers for making card purchases by offering them a free
fuel card. As purchases are made, points are earned. After a specified amount of points are accumulated they can be redeemed for a
prepaid fuel card. The funny thing is, with some cards fuel points can be earned
while making fuel purchases.
Rewards for Free Hotel Stays, Rental Cars or Frequent Flyer Miles - When these cards are used, "customers receive "" points"" toward free travel including free frequent flyer miles." Once enough points are accumulated, they can be cashed in exchange for free airline tickets, hotel stays, or rental cars. Business travelers find these kinds of programs to be very beneficial.
Zero Percent Promotional Interest Rates - What does this mean? Simply put: for a limited time, finance charges are not incurred.
This time period generally varies from six months up to a year.
Most times, folks are advised to utilize this kind of card
to move balances from their high interest Top Credit Cards
to one of these and pay the balances off within the promotional period. Making monthly payments on time is extremely important.
When a single payment becomes past due, typically
the introductory rates are changed to a higher
rate. People that are eligible for
Top Credit Cards for Average
Credit, and are offered a zero percent promotion
should consider this great opportunity.
Secured Cards to Build Creditworthiness - People with this type of card
simply puts a specified amount of cash into a savings account.
This "is what makes it a "" secured card"" ." Then, a credit card is
delivered with a line of credit equal to
the amount of the deposit. When purchases are made your available credit is recalculated, low rate
recurrent payments are determined, and a monthly invoice
is given to you. If transactions are being approved, an affordable monthly invoice will be sent. Secured Cards to Build Creditworthiness
are good because they operate the same as
standard credit cards allowing customers
to complete all kinds of transactions including booking travel accommodations like hotels
that commonly do not take check
cards. When applicants have bad credit approval is generally
guaranteed no matter what. It is important to note that most
credit-rebuilding card companies report whether or not you are keeping up with your payments
to Experian, Equifax, and Trans Union. This is a wonderful
practice to establish creditworthiness by making scheduled
payments no matter if you have Average
credit or not. Once you make
a certain number of payments in a row, typically the lender will offer additional spending power without
requiring another deposit to the initial secured account.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no guesswork. Similar to
a checking account, a certain amount of money is deposited into an account and that is
the amount that can be spent. After the prepaid account
balance has been exhausted, simply put more cash into the prepaid account and your card will be ready for use once again. Prepaid cards
are good as gifts, transactions can be tracked and recorded if necessary, and they are generally granted to those that may not qualify to
acquire a regular depository account.
Quick approval is generally guaranteed despite
your FICO profile and there is
no need for the issuer to deal with the three bureaus.
With all of the many varieties
of Top Credit Cards
for Average credit and
bonuses that are offered, there is a solution available for most credit card seekers. Look for
Top Credit Cards that offer rewards that match your lifestyle and spending style. No matter which card you choose, always
stay within your credit limit and make your payments on time every month. Awesome credit is a wonderful
To make certain that you keep growing a super credit profile, obey these simple directions:
1. Keep your outstanding balance at a percentage of the
credit limit. Simply put, do not
"max out". It is important to keep
a bill that is about fifty percent
of the max on any
Top Credit Cards for Average Credit.
2. Do not default on payments. Even if a minimum payment is all you can afford to make, pay it. If the bill is paid 30 days after the due date, it could be sent to the credit reporting agencies. This is bad for your credit profile. Not to mention you may also experience an increased interest rate as a consequence of a solitary late payment. Therefore it is wise to stay on top of the bill.
3. Repay the balance completely 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, it is wise to
begin creating transaction activity (like buying gas, shopping online, or making purchases) and after a couple of billing cycles, pay the whole thing off just like you did before, and keep utilizing this approach as you complete your monthly budget and annual financial plan.
This repayment history confirms to the issuers
that you are an excellent credit candidate. Once this sequence is repeated a couple of times, you could qualify for
a lower rate, higher credit limits, and a better credit score.
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Top Credit Cards
for Average credit
are available online. Click here
to start the application for a card that suits