Top Credit Cards for Perfect
Credit - Learning The Choices
If individuals have
Credit, how can they
distinguish which Top Credit Cards
to select when there are so many options?
The information below discusses several types
of cards to give you a useful understanding
of the advantages of each:
Cash Back - With a Cash Back
card, customers are rewarded with a rebate that equals
a percentage of their purchases. For example,
if somebody has a Cash Back
offer that offers five percent cashback
on supermarket, gasoline, and pharmacy
items, as the rebates add up they can be redeemed. If you
use $150 in fuel, supermarket items,
and drug store purchases every 5-7 days, by
the end of a 12-month period, almost $400
in rebates would be ready to cash out.
Redeemable Points - Instead
of rewarding customers with cash back, some lenders
offer redeemable rewards. Customers receive
points for making purchases. With each swipe of the card, the points
add up. After a certain amount of points add up they can be redeemed for items including
free travel, gift items, magazines, etc.
It is smart to be aware of whether or not the Top Credit Cards
for Perfect Credit you apply for offers
Gas Rewards - Credit card issuers
are often times understanding about the price
of gas and will reward
their customers for using their credit card by giving them a prepaid
fuel card. As purchases are made, points are earned. Once enough points have been earned you can get a
prepaid gas card. The funny thing is, with some cards gas points are actually accumulated even
while buying gas.
Points Redeemable for Free Rental Car Upgrades, Hotel Rooms, or Frequent Air Traveler Miles - When this kind of card is utilized, "customers receive "" points"" toward free travel including free frequent flyer miles." Once a certain number of points have been accumulated, they turn into vouchers that can be used for discounted or free travel arrangements like rental cars, hotels, or even airline tickets. These rewards work best for those who travel a lot.
Zero Percent 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 typically spans six to twelve months.
Generally, customers take advantage of 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 imperative.
When one payment is paid late, most times
the introductory rates are changed to an interest-bearing
rate. People that are applying for
Top Credit Cards for Perfect
Credit, and have the opportunity to sign up for an introductory period free of finance charges
ought to choose this type of card.
Secured Cards to Build Creditworthiness - Customers with a secured card
would insert a certain amount of money into an account specified by the secured card issuer.
This is what secures the account. Once the account is set up, a credit card is
sent with a credit limit equal to
the amount of the deposit. When purchases are made the amount of that transaction is deducted from your available credit balance, affordable
regularly scheduled payments are determined, and a bill
is given to you. Just like any other credit card, when you use it low monthly payments will become due. Secured Cards to Build Creditworthiness
are great because they perform the same as
regular credit cards allowing customers
to complete all kinds of transactions including booking travel accommodations like vehicle rentals
that sometimes do not take debit
cards. One of the best things about the application process is that approval is typically
guaranteed regardless of your credit score. It is important to note that many
credit-rebuilding card issuers report whether or not you are keeping up with your payments
to Experian, Equifax, and Trans Union. This can be a fantastic
approach to establish creditworthiness by making timely
payments no matter if you have Perfect
credit or not. Once you have paid
six to twelve consecutive timely payments, 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.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, purchases can be made without interest, fees, or finance charges. Similar to
a regular bank account, you put money in and this is
your spending limit. After the prepaid card
balance has been exhausted, simply put more cash into the prepaid account and your card will be ready for use once again. Reloadable cards
are excellent for budgeting, they offer the kind of flexibility that debit cards have, and they are a great solution for those that cannot
get a traditional banking account.
Quick approval is generally not a problem regardless of
your FICO score and there is
no need for the issuer to deal with the three bureaus.
With all of the different types
of Top Credit Cards
for Perfect credit and
incentives that exist, 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. No matter which card you choose, be sure to
make wise purchases and timely payments. Great credit is a great
thing to have.
To guarantee that you keep growing a superb FICO score, take heed to these easy rules:
1. Keep a balance less than the
credit limit. Simply put, don't
"go crazy". It is important to maintain
a bill that is generally sixty percent or less
of the available balance on any
Top Credit Cards for Perfect Credit.
2. Keep the credit card bill paid on time. Even if you cannot make more than the minimum payment due, that will be just fine. When payments are made more than 30 days late, it must be reported to the credit bureaus. This is bad for your FICO report. Not to mention when this happens you may also be assessed more points on the card's interest rate as a consequence of one late payment. Thus it is recommended that consumers make this bill payment a financial priority.
3. Repay all balances down to zero every few billing cycles.
When the balance gets to be about half of the limit, do your best to
bring the balance to zero as much as possible. Subsequently, it is okay to
make more purchases and take a few months to pay the balance off again, and keep this pattern going
This process demonstrates to the lenders
that you will be a great customer. You could also be rewarded with
low rates, a higher credit max, and a higher credit score.
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Top Credit Cards
for Perfect credit
are simple to apply for. Click now
to get approved for a card that fits