Top Credit Cards for Super Prime
Credit - Knowing The Options
If people have
Credit, how do they
tell which Top Credit Cards
to choose when there are so many opportunities?
The information below will break down a few types
of cards to give you a better understanding
of the benefits of each:
Cash Back - With a Cash Back
card, customers get a repayment equal to
a percentage of their transactions. For instance,
if an applicant is approved for a Cash Back
option that gives five percent cashback
on supermarket, gas, and pharmacy
purchases, as the rebates add up they can be cashed in. If you
use one hundred and fifty dollars in gas, supermarket items,
and drugstore purchases each week, by
the end of a 12-month period, about four hundred dollars
in rebates would be available.
Rewards Points - In lieu
of rewarding customers with money back, some issuers
give redeemable rewards. Customers get
points every time the card is used. Every time the card is used, the points
add up. Once a specified number of points have accumulated they can be redeemed for items including
free travel, gifts, subscriptions, etc.
Always check to see if the Top Credit Cards
for Super Prime Credit you apply for offers
a points program.
Petro Rewards - Credit card issuers
can be sensitive to the cost
of gasoline and want to give incentives to
people for using their credit card by rewarding them with a free
gas card. As purchases are made, points are earned. After you have earned enough points you are eligible for a
prepaid gas card. The funny thing is, with some cards fuel points can be earned
when buying gas.
Points Toward Free Rental Car Upgrades, Hotel Rooms, or Frequent Air Travel Miles - When purchases are made with this kind of card, customers can earn frequent traveler's points that can be redeemed for free travel. Once enough points are accumulated, they can be cashed in exchange for free airline tickets, hotel stays, or rental cars. Frequent travelers really like these rewards.
Zero Percent Promotional Interest Rates - Finance charges are not applied on these cards for a specified amount of time.
The period where no finance charges are being applied usually lasts anywhere from six to twelve months.
Typically, customers take advantage of this kind of card
to transfer their balance from their interest bearing Top Credit Cards
to one of these and pay it off while there are no finance charges being accrued. Paying the bill on or before the due date is extremely important.
When just one payment is not received on time, most
the interest free introductory rates adjust to another
rate. Folks that are applying for
Top Credit Cards for Super Prime
Credit, and have the chance to get a zero percent promotion
should consider this opportunity.
Secured Cards for Rebuilding Credit - Individuals with one of these
must deposit a cash amount in a secure account that accumulates interest.
This becomes the card's collateral At that point a credit card is
offered with a spending limit equal to
the amount of the deposit. Each time a transaction is approved your available credit is recalculated, low rate
regularly scheduled payments are computed, and a monthly invoice
is is mailed. If the card is being used an affordable monthly invoice will be sent. Secured Cards for Rebuilding Credit
are terrific because they function the same as
conventional credit cards allowing customers
the freedom to book travel accommodations such as airline tickets
that typically do not accept prepaid or debit
cards. However, just like prepaid cards approval is ordinarily
guaranteed no matter what. But do not forget that most
secured card issuers submit whether or not the bill is paid on time
to be added to your credit profile. This is a wonderful
way to establish creditworthiness by making timely
payments no matter if you have Super Prime
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
requiring an additional deposit.
Pre-paid Credit Cards - With
a Pre-paid card, there is no question about the credit limit. Just like
a checking account, a certain amount of money is deposited into an account and that is
your spending limit. After the prepaid account
balance becomes depleted, simply put more cash into the prepaid account and your card will be ready for use once again. Prepaid cards
are excellent for staying on a budget, they make it so you don't have to carry cash all the time, and they are generally granted to those that may not qualify to
obtain a traditional depository account.
Approval is usually granted regardless of
your bureau score and there is
no need for the prepaid card issuer to contact Experian, Equifax, and TransUnion.
With all of the various varieties
of Top Credit Cards
for Super Prime credit and
benefits that are offered, there is a solution available for most credit card seekers. Consider
Top Credit Cards that give the benefits that fit your situation. When you receive your card always
make wise purchases and timely payments. Great credit is an awesome
To make certain that you keep developing a great credit report, follow these easy guidelines:
1. Maintain your outstanding balance lower than the
card's limit. Another way of saying it is, it is not smart to
"max out". Try to carry
a bill that is generally fifty percent
of the maximum spending limit on any
Top Credit Cards for Super Prime Credit.
2. Pay your credit card bill on time every month. Even if a small payment can be made, pay it. Once a payment is more than 30 days behind, that information could be told to the credit reporting agencies. This negatively affects your FICO profile. And let's not forget the fact that you may also have to pay an increased interest rate as a result of a single past due payment. Therefore it is smart to pay the bill.
3. Pay the balance completely every quarter.
When the balance gets to be about half of the limit, make it your goal to
pay the balance back down to zero as often as you can. After the bill has been paid down to zero it is okay to
begin creating transaction activity (like buying gas, shopping online, or making purchases) then pay it back down to zero again after a few months, and keep this pattern going
This repayment history confirms to the lenders
that you will be an excellent credit candidate. You could also be rewarded with
low rates, a higher limit, and a higher credit score.
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Top Credit Cards
for Super Prime credit
are easy to find. Act now
to get approved for a card that could be the answer to