Top Credit Cards for Perfect
Credit - Understanding The Choices
When people have
Credit, how will they
tell which Top Credit Cards
to select when there are so many options?
This article will break down several varieties
of cards to offer a useful understanding
of the benefits of each:
Money Back - With a Money Back
card, customers get a repayment that equals
a percentage of their purchases. For instance,
if there is a Money Back
offer that gives five percent cashback
on food, fuel, and pharmacy
items, as the rewards accumulate they can be cashed in. If you
pay $150 in fuel, food,
and drugstore purchases every 5-7 days, at
the completion of a year, about four hundred dollars
in cash back rewards would be available.
Rewards Points - Instead
of offering money back, some issuers
give redeemable rewards. Customers get
points when purchases are made. With each swipe of the card, the points
increase. Once a specified number of points have accumulated they can be cashed in for things like
free rental cars, gift cards, magazines, and more.
It is smart to be aware of whether or not the Top Credit Cards
for Perfect Credit you apply for offers
Petro Bonuses - Companies
can be understanding about the cost
of gasoline and want to offer an incentive to
their customers for using their cards by offering them a prepaid
gasoline card. As the card is used, points are accumulated. Once enough points have been earned they can be redeemed for a
free prepaid gasoline card. Sometimes, gas points are actually accumulated even
while buying gas.
Points Toward Free Rental Car Upgrades, Hotel Rooms, or Frequent Flyer Miles - When purchases are made with these cards, redeemable points that can be used for free travel arrangements including airline travel are accumulated. Once a specified number of points are earned, they can be redeemed for free travel accommodations. These rewards work best for those who travel a lot.
Zero Percent Promotions - With these cards, finance charges are not accrued for a certain amount of time.
This time period typically spans 6-12 months.
Most times, folks use promotions such as this
to shift their balance from their interest bearing Top Credit Cards
to one like this and pay the balances off within the promotional period. Keeping monthly payments up to date is very important.
When a single payment becomes past due, most times
zero percent APR rates go up to another
rate. Customers that are approved for
Top Credit Cards for Perfect
Credit, and are offered a 0% introductory rate
should consider this great opportunity.
Secured Cards for Building Credit - Customers that have one of these
simply inserts a specified amount of cash into a secure account that accumulates interest.
This "is what makes it a "" secured card"" ." Once the account is set up, a credit card is
offered with a credit max equal to
the amount of the deposit. Each time you swipe your card your available credit is recalculated, low rate
recurrent payments are determined, and payment plan
is generated. Just like any other credit card, when you use it you will receive a payment plan. Secured Cards for Building Credit
are good because they perform like
normal credit cards allowing people
to do things that debit cards may not, like making travel accommodations such as hotels
that commonly do not accept check
cards. For those with bad credit approval is generally
guaranteed no matter what. This can help in the rebuilding process because most
secured card issuers submit whether or not you are keeping up with your payments
to Experian, Equifax, and Trans Union. This is a great
technique to establish creditworthiness by paying regular
payments no matter if you have Perfect
credit or not. Once you make
several payments on or before their due date, typically the lender will offer additional spending power without
requiring additional collateral.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no question about the credit limit. Similar to
a checking account, a deposit is made into an account and that is
the amount that can be used for purchases. When the prepaid card
balance reaches zero, a deposit into the prepaid account can be made and the new credit limit will be the amount of the new deposit. Prepaid cards
are good as gifts, transactions can be tracked and recorded if necessary, and they help people that cannot
acquire a standard checking account.
Fast approval is normally not a problem regardless of
your bureau score and there is
no need for the bank that issues the prepaid cards to deal with Experian, Equifax, and TransUnion.
With all of the various types
of Top Credit Cards
for Perfect credit and
bonuses 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. Make an educated choice and always
make wise purchases and timely payments. Superb credit is an awesome
To ensure that you keep cultivating a superb FICO profile, take heed to these simple tips:
1. Maintain your outstanding balance lower than the
card's max. Another way of saying it is, don't
"max out". Always carry
a bill that is no more than sixty percent or less
of the available balance on any
Top Credit Cards for Perfect Credit.
2. Pay the bill on time. Even if the minimum is the most that your budget will allow, pay it before the due date. If you miss a payment, that information could be reported to the credit reporting companies. This is not good for the consumer's FICO profile. As a result, you may also have to pay a higher interest rate as a consequence of just one late payment. Thus it is recommended that consumers be mindful of the due dates.
3. Pay the whole thing off every time you can.
When you make purchases, try to
bring the balance to zero as many times a year as possible. Then once your balance is paid off you can feel free to
make more purchases then after a couple of billing cycles, pay the whole thing off just like you did before, and don't stop this habit.
This cycle illustrates to the lenders
that you are a great customer. Some other perks you could get when you repay in this way are
a lower rate, more of a limit, and a better credit profile.
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Top Credit Cards
for Perfect credit
are simple to apply for. Click here
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