Top Credit Cards for Top Notch
Credit - Learning The Possibilities
If individuals have
Credit, how can they
know which Top Credit Cards
to select when there are so many options?
The information below will break down a couple varieties
of cards to offer a useful understanding
of the advantages of each:
Cashback - With a Cashback
card, customers are rewarded with a reimbursement equal to
a fraction of their purchases. For example,
if somebody has a Cashback
offer that provides five percent cashback
on food, gas, and drugstore
purchases, as the cash back rewards add up they earn cash value. If you
use $150 in fuel, supermarket items,
and drug store purchases every 5-7 days, at
the end of a year, about four hundred dollars
in cash back rewards would be available.
Rewards Points - In lieu
of offering cash rebates, some companies
offer redeemable rewards. Customers earn
rewards for just about every transaction. Every time the card is used, the points
increase. Once a specified number of points have accumulated they can be cashed in for things like
free merchandise, gifts, magazines, etc.
It is smart to be aware of whether or not the Top Credit Cards
for Top Notch Credit you are considering offers
a points program.
Gasoline Bonuses - Lenders
can be sensitive to the cost
of gas and will offer an incentive to
people for making card purchases by offering them a prepaid
fuel card. As transactions are completed, points are accumulated and summarized. Once you have completed enough transactions to accumulate a certain amount of points they can be cashed in for a
free prepaid fuel card. The cool thing is, with some cards gas rewards can even be earned
while buying gas.
Points for Free Hotel Stays, Rental Cars or Frequent Flyer Miles - When purchases are made with these cards, redeemable points that can be cashed in for free travel miles are earned. As the points add up, they can be redeemed for free travel accommodations. These programs are great for frequent travelers.
Zero Percent Introductory Interest Rates - With these cards, finance charges are not accrued for a certain amount of time.
The period where no finance charges are being applied usually lasts anywhere from 6-12 months.
Typically, customers take advantage of this promotional period
to move outstanding balances from their current Top Credit Cards
to one like this and create a personal budget that allows them to pay the whole thing off without having to pay any finance charges. Paying the bill on or before the due date is imperative.
When the first payment is received late, typically
0% APR rates go up to a much higher
rate. People that are approved for
Top Credit Cards for Top Notch
Credit, and have the chance to get an introductory period free of finance charges
should think about this option.
Secured Cards to Re-establish Credit - People with this type of card
simply puts a specified amount of cash 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 credit max that is the same as
the amount that has been deposited in the account. 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 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 to Re-establish Credit
are great because they function like
conventional credit cards allowing people
the freedom to book travel accommodations such as airline tickets
that commonly do not accept consumer checking account
cards. When applicants have bad credit approval is usually
guaranteed no matter what. This can help in the rebuilding process because most
credit-rebuilding card companies report the way you pay your bill
to the credit bureaus. This can be an excellent
method to prove you are creditworthy by paying regular
payments whether you have Top Notch
credit or not. After paying
six to twelve payments in a row, many times the limit can be increased without
requiring additional collateral.
Reloadable Prepaid Credit Cards - With
a Reloadable Prepaid card, there is no guesswork. Similar to
a regular bank account, you put money in and that becomes
your spending limit. As the prepaid credit card
balance runs out, it can be reloaded with more money and used again. Reloadable prepaid credit cards
are excellent as gifts, they offer the kind of flexibility that debit cards have, and they work well for individuals that are unable to
get a conventional bank account.
Approval is normally granted regardless of
your FICO report and there is
no need for the issuer to deal with the three bureaus.
With all of the many sorts
of Top Credit Cards
for Top Notch credit and
rewards that are offered, there is a solution available for most credit card seekers. Seek
Top Credit Cards that make sense for your situation that will allow you to control your spending habits. No matter which card you choose, always
try to keep your purchases at less than half of your credit limit and make more than the minimum payment every month. Prime credit is a wonderful
To be certain that you keep cultivating a great credit score, follow these few tips:
1. Maintain your outstanding balance lower than the
card's max. Another way of saying it is, don't
"over spend". Experts agree that consumers should carry
a bill that is somewhere around sixty percent or less
of the max on any
Top Credit Cards for Top Notch Credit.
2. Do not make late payments. Even if a small payment can be made, the most important thing is that the payment is made when it is due. If you miss a payment, it may be reported to the credit reporting agencies. This is not good for your FICO report. And let's not forget the fact that when this happens you may also have to pay an increased interest rate as a result of just this one past due payment. Hence it is recommended that consumers make payments.
3. Repay the balance in total every time your finances will allow.
When the balance gets to be about half of the limit, do your best to
pay the balance back down to zero at least once a year. Subsequently, it is smart to
start swiping your card for purchases again then pay it off once again after over the course of a few billing cycles, and keep this pattern going
This repayment history demonstrates to the issuers
that you are creditworthy. Once this sequence is repeated a couple of times, you could qualify for
low rates, a higher credit max, and a higher credit score.
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for Top Notch credit
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