Top Credit Cards for Awesome
Credit - Knowing The Choices
When individuals have
Credit, how will they
tell which Top Credit Cards
to pick when there are so many choices?
This article will discuss a couple types
of cards to provide a useful understanding
of the benefits of each:
Money Back - With a Money Back
card, you may be offered a reimbursement equivalent to
a percentage of their transactions. For example,
if there is a Money Back
option that gives 5% cashback
on food, fuel, and pharmacy
purchases, as the cash back rewards add up they can be redeemed. If you
spend $150 in gasoline, supermarket items,
and pharmacy purchases each week, by
the completion of a year, almost $400
in cash back rewards would be available.
Rewards Points - In lieu
of giving cash back, some companies
offer redeemable rewards. Customers get
points for making purchases. Every time the card is used, the rewards
increase. After a certain amount of points add up they can be cashed in for great stuff, such as
free travel, gift items, magazines, and more.
Always check to see if the Top Credit Cards
for Awesome Credit that you want will offer
Fuel Bonuses - Credit card issuers
can be considerate of the cost
of gasoline and will offer an incentive to
people for using their cards by rewarding them with a prepaid
gas card. As the credit card is utilized, reward points add up. Once a certain number of points are earned you are eligible for a
free prepaid gasoline card. The funny thing is, with some cards gas rewards can even be earned
when buying gas.
Reward Points Toward Free Hotel Accommodations, Car Rentals, or Frequent Flyer Miles - When purchases are made with this kind of card, points that can be used as free frequent flyer miles or free travel vouchers are earned. Once enough points are accumulated, they can be redeemed for free travel accommodations. Frequent travelers really like these rewards.
0% Promotional Interest Rates - In the beginning when these credit cards are utilized, there are no finance charges that are applied.
The period where no finance charges are being applied usually lasts anywhere from 6-12 months.
Many customers use promotions such as this
to move outstanding balances from their interest bearing Top Credit Cards
to one of these and create a personal budget that allows them to pay the whole thing off without having to pay any finance charges. Keeping monthly payments up to date is especially crucial.
When a single payment is paid late, generally
the interest free rates go up to an interest-bearing
rate. Folks that are offered
Top Credit Cards for Awesome
Credit, and have the chance to get an interest free period
ought to consider this type of card.
Secured Cards to Establish Credit - Customers that have one of these
would deposit a cash amount into an account that can earn interest while it is there.
This is what secures the account. After the deposit is made a card is
sent with a spending limit in
the opening balance of the interest bearing account that was created. Each time a transaction is approved the amount of that transaction is deducted from your available credit balance, low rate
monthly payments are calculated, and a monthly invoice
is is mailed. Just like any other credit card, when you use it an affordable repayment plan will be created. Secured Cards to Establish Credit
are perfect because they function like
standard credit cards allowing customers
to complete all kinds of transactions including booking travel accommodations like rental cars
that usually do not accept standard bank account
cards. When applicants have bad credit approval is generally
guaranteed despite your credit profile. This is good because most
credit-rebuilding card issuers report the way you pay your bill
to be added to your credit profile. This can be a great
way to establish creditworthiness by paying regular
payments no matter if you have Awesome
credit or not. After paying
six to twelve consecutive timely payments, many times the limit can be increased without
asking for additional collateral.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no guesswork. Just like
a regular bank account, you put money in and that becomes
the credit limit. As the prepaid credit card
balance is used up, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. Reloadable prepaid credit cards
work wonderfully for budgeting, they offer the same flexibility as a check card, and they help people that cannot
get a conventional banking account.
Fast approval is generally guaranteed regardless of
your credit score and there is
no need for the bank that issues the prepaid cards to deal with the three bureaus.
With all of the various sorts
of Top Credit Cards
for Awesome credit and
bonuses that each of them offer, it is easy to identify the best solution for your situation. Consider
Top Credit Cards that allow for the most rewards. Once you are approved be sure to
try to keep your purchases at less than half of your credit limit and make more than the minimum payment every month. Awesome credit is an awesome
To be certain that you keep cultivating a great credit score, take heed to these three rules:
1. Keep a balance at no more than half of the
credit limit. In other words, it is not smart to
"over spend". It is smart to keep
a balance that is somewhere around forty to fifty percent
of the max on any
Top Credit Cards for Awesome Credit.
2. Do not make late payments. Even if the minimum is the most that your budget will allow, be sure to pay the bill on time. When payments are made more than 30 days late, it could be sent to the credit bureaus. This could bring down the consumer's credit profile. Additionally, customers may also have to pay more points on the card's interest rate as a result of just this one tardy payment. Hence it is advised that you pay the bill.
3. Pay all balances down to zero every couple months.
When the balance gets to be about half of the limit, do your best to
pay it all off at least one time per year. After completing this, go ahead and
start using the card again and pay it off once again after over the course of a few billing cycles, and keep this cycle going.
This pattern demonstrates to the issuers
that you will be creditworthy. Most lenders reward customers like this with
lower rates, a higher limit, and a better FICO score.
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Top Credit Cards
for Awesome credit
are available online. Click here
to start the application for a card that fits