Top Credit Cards for Top Notch
Credit - Knowing The Possibilities
If folks have
Credit, how will they
tell which Top Credit Cards
to select when there are so many options?
The information below will break down a couple kinds
of cards to provide a better understanding
of the benefits of each:
Cash Back - With a Cash Back
card, customers are rewarded with a repayment equivalent to
a percentage of their purchases. For instance,
if an applicant is approved for a Cash Back
offer that gives five percent cash back
on food, gas, and drugstore
items, as the rewards accumulate they can be cashed in. If you
use $150 in gas, groceries,
and drugstore purchases weekly, at
the close of a year, $390
in cash would have accumulated.
Rewards Points - Instead
of rewarding customers with cash rewards, some issuers
give points programs. Customers receive
points when purchases are made. Every time the card is used, the rewards
accumulate. Once a specified number of points have accumulated they can be redeemed for things like
free hotel stays, gift items, subscriptions, etc.
It is important to know whether or not the Top Credit Cards
for Top Notch Credit you apply for offers
a redeemable rewards program.
Gas Bonuses - Companies
can be understanding about the cost
of gasoline and will compensate
their customers for making card purchases by offering them a prepaid
gas card. As the credit card is utilized, reward points add up. After a specified amount of points are accumulated they can be cashed in for a
prepaid fuel card. The funny thing is, with some cards gas points are actually accumulated even
while buying fuel.
Rewards for Free Hotel Stays, Rental Cars or Frequent Traveler Miles - When purchases are made with these cards, redeemable points that can be used for free travel arrangements including airline travel are accumulated. Once enough points are accumulated, they can be redeemed for free travel accommodations. This kind of card is great for business travelers.
Zero Percent APR Promotions - With these cards, finance charges are not accrued for a certain amount of time.
The period where no finance charges are being applied generally spans six to twelve months.
Typically, people use this time
to transfer their balance from their interest bearing Top Credit Cards
to one of these and pay the balances off within the promotional period. Making timely payments is extremely important.
When a single payment is not paid on time, most
the introductory rates adjust to a different
rate. People that are applying for
Top Credit Cards for Top Notch
Credit, and have the opportunity to sign up for a 0% promotion
should choose this great opportunity.
Secured Cards to Re-establish Credit - Individuals with this type of card
must insert money in an interest-bearing savings account.
This is what secures the account. After the deposit is made a card is
offered with a credit limit 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, affordable
regularly scheduled payments are calculated, and payment plan
is is mailed or emailed if you choose paperless billing. If transactions are being approved, an affordable repayment plan will be created. Secured Cards to Re-establish Credit
are good because they perform like
standard credit cards allowing people
to do things that debit cards may not, like making travel arrangements such as rental cars
that usually do not accept prepaid or debit
cards. Another great feature is that approval is usually
guaranteed despite your credit profile. But do not forget that many
secured card issuers report the way you pay your bill
to be added to your credit profile. This can be a remarkable
way to establish creditworthiness by making regular
payments no matter if you have Top Notch
credit or not. Once you make
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
requiring another deposit to the initial secured account.
Prepaid Credit Cards - With
a Prepaid card, you get out of it exactly what you put in. Just like
a conventional account, a certain amount of money is deposited into an account and that is
the amount that can be used for purchases. When the prepaid credit card
balance has been exhausted, it can be reloaded with more money and used again. Prepaid credit cards
work wonderfully for staying on a budget, they allow people to make online purchases, and they work well for individuals that are unable to
acquire a standard depository account.
Fast approval is typically granted despite
your credit report and there is
no need for the bank that issues the prepaid cards to send any inquiries to Experian, Equifax, and TransUnion.
With all of the many kinds
of Top Credit Cards
for Top Notch credit and
rewards that are offered, there is something for everyone. Consider
Top Credit Cards that allow for the most rewards. No matter which card you choose, always
stay within your credit limit and make your payments on time every month. Superb credit is a wonderful
thing to have.
To guarantee that you keep cultivating a prime FICO report, obey these general directions:
1. Keep a balance at a percentage of the
credit max. In other words, don't
"over spend". The banks encourage their cardholders to keep
an account that is somewhere around forty to fifty percent
of the limit 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, that information will be posted to the credit bureaus. This has adverse affects on the consumer's credit report. As a result, when this happens you may also have to pay an increased interest rate as a consequence of one late payment. Hence it is smart to pay the bill.
3. Repay the entire bill every time you can.
If the card is used a lot, try to
pay the balance back down to zero at least one time per year. When you do this, it is okay to
make more purchases and pay it off once again after over the course of a few billing cycles, and keep this pattern going
This cycle confirms to the lenders
that you can be a great customer. Some other perks you could get when you repay in this way are
lower rates, more of a limit, and a higher FICO score.
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Top Credit Cards
for Top Notch credit
are just a few clicks away. Click here
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