Top Credit Cards for Excellent
Credit - Understanding The Opportunities
If folks have
Credit, how will they
know which Top Credit Cards
to choose when there are so many choices?
This article discusses a couple varieties
of cards to give you a useful outline
of the pros of each:
Cash Back - With a Cash Back
card, you may be offered a rebate equal to
a fraction of their purchases. For example,
if somebody is approved for a Cash Back
solution that offers 5% cash back
on food, fuel, and pharmacy
purchases, as the rewards accumulate they can be cashed in. If you
spend $150 in fuel, groceries,
and pharmacy items weekly, at
the completion of a year, almost $400
in rebates would have accumulated.
Redeemable Points - In lieu
of rewarding customers with money back, some issuers
offer redeemable rewards. Customers receive
points when purchases are made. With each swipe of the card, the rewards
increase. Once a specified number of points have accumulated they can be cashed in for great stuff, such as
free travel, gift items, subscriptions, and more.
It is wise to see if the Top Credit Cards
for Excellent Credit that you want will offer
a redeemable rewards program.
Fuel Bonuses - Companies
can be sensitive to the price
of fuel and will compensate
their customers for using their credit card by offering them a free
gasoline card. As the credit card is utilized, reward points add up. Once enough points have been earned you are eligible for a
free prepaid gas station card. The funny thing is, with some cards redeemable fuel rewards can be accumulated
while buying fuel.
Rewards for Free Rental Car Upgrades, Hotel Rooms, or Frequent Air Traveler Miles - When purchases are made with this kind of card, free travel points are earned. As the points add up, they can be redeemed for free travel accommodations. Business travelers find these kinds of programs to be very beneficial.
0% APR Promotions - Customers that utilize these cards are not charged any interest or finance charges for a certain number of months.
The promotional period typically lasts anywhere from six months up to a year.
Typically, customers take advantage of this time
to move balances from their interest bearing Top Credit Cards
to one like this and pay the balances off within the promotional period. Paying the bill on or before the due date is especially crucial.
When the first payment is late, generally
0% APR rates go up to a higher
rate. Customers that are applying for
Top Credit Cards for Excellent
Credit, and have the chance to get an interest free period
should choose this option.
Secured Cards for Building Credit - People that have a secured card
would deposit money in an account specified by the secured card issuer.
This "is what makes it a "" secured card"" ." Then, a credit card is
issued with a line of credit that is the same as
the opening balance of the interest bearing account that was created. When purchases are made your available credit is recalculated, affordable
monthly payments are computed, and a bill
is is mailed or emailed if you choose paperless billing. Just like any other credit card, when you use it low monthly payments will become due. Secured Cards for Building Credit
are great because they operate the same as
ordinary credit cards allowing customers
the freedom to book travel accommodations like rental cars
that sometimes do not accept consumer checking account
cards. One of the best things about the application process is that approval is ordinarily
guaranteed despite your credit profile. This is good because many
credit-rebuilding card companies submit the way you pay your bill
to be added to your credit profile. This could be an excellent
technique to prove you are creditworthy by making scheduled
payments whether you have Excellent
credit or not. Once you have paid
six to twelve 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 an additional deposit.
Pre-paid Credit Cards - With
a Pre-paid card, you get most of the benefits of a credit card without the debt. Similar to
a conventional account, a certain amount of money is deposited into an account and this becomes
the amount that can be used for purchases. After the prepaid credit card
balance becomes depleted, simply put more cash into the prepaid account and your card will be ready for use once again. These cards
are terrific for students, purchases can be tracked, and they help people that cannot
obtain a regular checking account.
Approval is typically not a problem regardless of
your credit score and there is
no need for the issuer to deal with the credit bureaus.
With all of the diverse types
of Top Credit Cards
for Excellent credit and
rewards that they have, there is a solution available for most credit card seekers. Consider
Top Credit Cards that offer rewards that match your lifestyle and spending style. The most important thing is to be sure to
spend wisely and pay the bill on or before the due date. Super credit is fantastic
thing to have.
To make certain that you keep growing the best FICO report, follow these easy guidelines:
1. Always have your outstanding balance at a percentage of the
card's limit. Another way of saying it is, it is not smart to
"over spend". Make sure to maintain
a balance that is somewhere around fifty percent
of the maximum spending limit on any
Top Credit Cards for Excellent Credit.
2. Pay your credit card bill on time every month. Even if a minimum payment is all you can afford to make, make the payment in a timely fashion. When payments are made more than 30 days late, that information could be sent to the credit bureaus. This could bring down the consumer's credit profile. As a result, when this happens you may also experience an increased interest rate as a result of a tardy payment. Thus it is recommended that consumers pay on time.
3. Pay the entire bill every quarter.
When the balance gets to be about half of the limit, try to
bring the balance to zero as much as possible. Then once your balance is paid off it is smart to
begin creating transaction activity (like buying gas, shopping online, or making purchases) then pay it off once again after over the course of a few billing cycles, and don't stop this habit.
This approach indicates to the issuing companies
that you are an excellent credit candidate. Once this sequence is repeated a couple of times, you could qualify for
a lower rate, a higher credit max, and a higher FICO score.
Our network members 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
Top Credit Cards
for Excellent credit
are our specialty. Click now
to get approved for a card that suits