It’s so good to be back to the blog! Actually, many things have changed in my life over the past few weeks. I’m starting a business with a friend of mine. And we had a lot to do. Well, you know, all those permits and licenses, a business plan, tons of papers… Those weeks were really busy. But it’s not the point. What I was going to write about is an airline credit card that I find very beneficial.
I have never considered getting one of the credit cards with air miles rewards program. You are well aware of the fact that rewards credit cards carry the highest interest rates. As for frequent flyers plastics, it might take years to collect enough points to get a free flight. However, since my business is concerned with frequent international business trips, I decided that applying for such a card will be just what I need.
After a thorough scanning of nearly all credit card offers available, I have set my eyes on The Miles by Discover Card that is issued by Discover. Believe me, I have killed quite a lot of time browsing through numerous offers, and this deal is definitely one of the best credit cards for those, who love travelling or often get to go on distant business trips.
The Miles by Discover Card is available to people with excellent credit rating, like most of the rewards cards. This offer enables you to earn double miles for food and travel-related purchases and 1 mile per every dollar you spend on all other purchases. So, as soon as I spend $ 3,000 I will get 6,000 miles. And with 5, 000 miles I will be able to choose a travel credit to my account with no blackout dates on one of major US airlines. 1,000 miles can be redeemed for cash or gift cards from over 80 brand-name eligible partners.
The card membership allows you to earn 1,000 miles every month for any purchase made, during the first year. So, you can get up to 12,000 bonus miles just shopping. Though there is a maximum of 60,000 bonus miles one can collect per year, but the good thing is that they do not expire for 3 years. Car rental insurance, travel accident insurance for up to $ 500,000, online access to your account - all these options come with this card as platinum benefits.
And the most attractive part about this offer from Discover is low interest rates. First of all, you get 0% APR on balance transfer and purchases until July, 2008. Then, you get an ongoing variable APR between 10.99% and 18.99%. These rates are among the lowest ones, attached to credit cards with rewards programs. Discover really knows how to attract and please its clients.
By the way, Discover was the first brand to introduce a plastic with rewards. Back then, the company developed a card with cash back. And since then till present days Discover carries the palm in the “rewards” field on credit card market.
So, if you face the problem of an airline miles credit card choice, personally I would advise you to take a closer look at The Miles by Discover Card.
Monday, January 21, 2008
Credit Cards best sellers of 2007
Now that the year is about to make its way for the next one, 2008, people analyze the events, misfortunes and achievements of the current year. A week left till America’s most loved holiday. I’ve been thinking on posting an article on Christmas expenses, shopping holiday season, or how not to lose control over your credit cards during holiday period. But the Internet is overloaded with information on such issues. So, I’ve decided to review this year’s new credit products and make up a chart of top credit card offers.
I have looked through several surveys’ results, browsed through the World Wide Web. And basing on all those facts and figures, I’ve made up my hit list of credit cards bestsellers. So, if you take interest to find out what were the best offers of 2007, or you hope to hit upon your card deal among them, you are welcome to my final countdown of credit cards.
7. Citi CashReturns Card. In general, it’s a regular cash rebates credit card. But it has been designed for heavy credit card spenders. It offers 1% cash rebates on all credit card purchases with no caps on earnings and no tired rebates. Not that much, actually. But it will perfect for you in case you are up to spend a lot of money on different purchases. This card will give you 5% cash rebate on credit card purchases for the first 3 months.
6. World of Warcraft Visa. There is no need to speak of the popularity credit cards for gamers are gaining today once again. And World of Warcraft sounds familiar even to those, who are not really into computer games. This credit card from Visa offers rewards points that can be redeemed for free online playtime. Warcraft fans can get a month of free game time for 1,500 points.
5. Bank Americard. This card from Bank of America gives card holders n opportunity to earn extra half rewards point per every dollar they spend on any other Bank of America credit card.
4. Gap Visa also turned out to be among most popular credit cards of the year. This offer, as it is perfectly clear from its name, has been designed especially for Gap fans. With the card you get 5% rebate on purchases at Gap, Banana Republic, and Old Navy stores, and 1% rebates on all other everyday purchases. Fashion victims just fell in love with this card.
3. Chase Freedom Card. Chase Bank decided not to discover America, they just re-invented the wheel. They refreshed the rewards program. Now it enables credit card owners to get higher rebates for the top 3 purchases of a month. As a rule, such purchases turn out to be dining out, gas, and groceries.
2. “Green” credit cards became a real breakthrough of the year. The Bank of America Brighter Planet Visa, the GreenPay MasterCard, and the GE Money Earth Rewards Card are gaining popularity among people, who are concerned about the future of our planet. The rewards points you earn with this card help fund tree planting, renewable energy projects that reduce your carbon footprint, and other environmental projects.
1. Capital One’s Card Lab. This is number one credit card deal of the year 2007. This card gives you a great chance to become an architect of your own fortune. With this offer you literally can chose your interest rates, introductory rates, and even rewards on your new purchases, as well as balance transfers. You will not find a deal of the kind among other credit card issuers’ offers, but Capital One Bank.
So, these are the 7 top credit cards of 2007. If you ask why 7, I will explain. The first reason for that is the year itself – 2007. And the second one is that 7 is a magic number. And on the threshold of Xmas you just want to believe in magic. Merry Christmas and a happy and financially successful New Year!
I have looked through several surveys’ results, browsed through the World Wide Web. And basing on all those facts and figures, I’ve made up my hit list of credit cards bestsellers. So, if you take interest to find out what were the best offers of 2007, or you hope to hit upon your card deal among them, you are welcome to my final countdown of credit cards.
7. Citi CashReturns Card. In general, it’s a regular cash rebates credit card. But it has been designed for heavy credit card spenders. It offers 1% cash rebates on all credit card purchases with no caps on earnings and no tired rebates. Not that much, actually. But it will perfect for you in case you are up to spend a lot of money on different purchases. This card will give you 5% cash rebate on credit card purchases for the first 3 months.
6. World of Warcraft Visa. There is no need to speak of the popularity credit cards for gamers are gaining today once again. And World of Warcraft sounds familiar even to those, who are not really into computer games. This credit card from Visa offers rewards points that can be redeemed for free online playtime. Warcraft fans can get a month of free game time for 1,500 points.
5. Bank Americard. This card from Bank of America gives card holders n opportunity to earn extra half rewards point per every dollar they spend on any other Bank of America credit card.
4. Gap Visa also turned out to be among most popular credit cards of the year. This offer, as it is perfectly clear from its name, has been designed especially for Gap fans. With the card you get 5% rebate on purchases at Gap, Banana Republic, and Old Navy stores, and 1% rebates on all other everyday purchases. Fashion victims just fell in love with this card.
3. Chase Freedom Card. Chase Bank decided not to discover America, they just re-invented the wheel. They refreshed the rewards program. Now it enables credit card owners to get higher rebates for the top 3 purchases of a month. As a rule, such purchases turn out to be dining out, gas, and groceries.
2. “Green” credit cards became a real breakthrough of the year. The Bank of America Brighter Planet Visa, the GreenPay MasterCard, and the GE Money Earth Rewards Card are gaining popularity among people, who are concerned about the future of our planet. The rewards points you earn with this card help fund tree planting, renewable energy projects that reduce your carbon footprint, and other environmental projects.
1. Capital One’s Card Lab. This is number one credit card deal of the year 2007. This card gives you a great chance to become an architect of your own fortune. With this offer you literally can chose your interest rates, introductory rates, and even rewards on your new purchases, as well as balance transfers. You will not find a deal of the kind among other credit card issuers’ offers, but Capital One Bank.
So, these are the 7 top credit cards of 2007. If you ask why 7, I will explain. The first reason for that is the year itself – 2007. And the second one is that 7 is a magic number. And on the threshold of Xmas you just want to believe in magic. Merry Christmas and a happy and financially successful New Year!
Credit Cards Offers Are Turning Green
In my previous post I touched upon the issue of green credit cards. They hit the charts of the best selling credit cards of 2007, and ranked second. I have looked up some information on this type of cards to figure out whether they are really so popular among credit consumers. So, this post is devoted to the phenomenon of green credit cards.
The latest survey conducted showed that almost a half (49% to be more exact) of adult Americans are up to making a green credit card deal next year. Credit card companies’ excitement got beyond bounds. Of course, they had nothing but good intentions, developing new reward credit cards with “green” incentives. They encourage card holders to apply online for such credit cards out of pure altruistic impulse.
Did I get too sarcastic? Well, obviously, credit card issuers are permanently in pursuit of profits. However, it is quite praiseworthy that these money hunters take steps in order to solve our environmental problems.
A surprising fact revealed by this study was that younger credit card holders are more concerned about the future of our planet than older ones. On the one hand, the reason for that can be that it is the younger generation is here to stay for a bit longer. That is why they are so enthusiastic about improving out environmental situation.
On the other hand, young people are known to be more careless when it comes to some global problems. They love to hang out, enjoy their life, and they are convinced that everything’s gonna be ok somehow. Another myth busted… Personally I was pleasantly surprised to find this out. We still have grounds for hope.
All green cards developments are aimed at funding environmental projects. Among them there are such programs as buying greenhouse gas emissions offsets, supporting renewable energy projects, retiring CO2, generating electricity through wind power, and others.
One of the most attention-claiming inventions, to my mind, is a biodegradable plastic card introduced by IL-based Versatile Card Technology, the “Green Earth Card”. It is made of corn starch. The print on them is made of waterless-ink printing press. That is really a 100% ecologically safe card.
So, getting such a card is a matter of opinion. If you really do not want to stay out of ecological problems, you can apply for one of the green cards. In case you stick to an opinion that you won’t witness any serious ecological cataclysms, it will be long after you go, well, it is up to you. Actually, it doesn’t matter that much whether you are a true Greenpeace supporter, or you do not really care. If you make your contribution to making our planet environment healthier, you do the right thing.
Personally I am going to apply for a green card myself. It might be one of the Visa credit cards - the “Brighter Planet”
The latest survey conducted showed that almost a half (49% to be more exact) of adult Americans are up to making a green credit card deal next year. Credit card companies’ excitement got beyond bounds. Of course, they had nothing but good intentions, developing new reward credit cards with “green” incentives. They encourage card holders to apply online for such credit cards out of pure altruistic impulse.
Did I get too sarcastic? Well, obviously, credit card issuers are permanently in pursuit of profits. However, it is quite praiseworthy that these money hunters take steps in order to solve our environmental problems.
A surprising fact revealed by this study was that younger credit card holders are more concerned about the future of our planet than older ones. On the one hand, the reason for that can be that it is the younger generation is here to stay for a bit longer. That is why they are so enthusiastic about improving out environmental situation.
On the other hand, young people are known to be more careless when it comes to some global problems. They love to hang out, enjoy their life, and they are convinced that everything’s gonna be ok somehow. Another myth busted… Personally I was pleasantly surprised to find this out. We still have grounds for hope.
All green cards developments are aimed at funding environmental projects. Among them there are such programs as buying greenhouse gas emissions offsets, supporting renewable energy projects, retiring CO2, generating electricity through wind power, and others.
One of the most attention-claiming inventions, to my mind, is a biodegradable plastic card introduced by IL-based Versatile Card Technology, the “Green Earth Card”. It is made of corn starch. The print on them is made of waterless-ink printing press. That is really a 100% ecologically safe card.
So, getting such a card is a matter of opinion. If you really do not want to stay out of ecological problems, you can apply for one of the green cards. In case you stick to an opinion that you won’t witness any serious ecological cataclysms, it will be long after you go, well, it is up to you. Actually, it doesn’t matter that much whether you are a true Greenpeace supporter, or you do not really care. If you make your contribution to making our planet environment healthier, you do the right thing.
Personally I am going to apply for a green card myself. It might be one of the Visa credit cards - the “Brighter Planet”
Getting over christmas Dept Hangover
Jingle bells, jingle bells, jingle all the way
Oh what fun it is to pay off your debts till next year, May…
Yeah, sounds a bit gloomy. I know I am no song writer. And maybe “next May” is an exaggeration. But now that Christmas presents are opened, delicacies are almost eaten up, you no longer hear bells jingle, and the Christmas magic fades away, it is right about the time to sum up your holiday expenses.
The reason for this issue I am going to write about is quite clear. People spend more and more money during Christmas shopping season every year. Since it is a sore point for me as well, I am up to give you some tips on how to beat your holiday debt hangover. Personally I have spent over $ 900 on X-mas gifts and preparations. I by no means regret it, as nothing compares to that fuzzy, warm feeling this holiday brings. And those piles of credit card bills are just side effects of the celebration.
I believe I was not the only one to blue a whole bunch of money during these holidays. Christmas consumerism is a wide-spread disease nowadays. And the statistics proves it. A recently conducted survey has shown that every American spent about $ 800 in the average during Christmas period. That is quite a severe attack of your personal or family budget. This kind of spending is a beaten path to a credit card debt. So, once you feel like you are on the edge of your financial setback, you might find the tips bellow helpful in solving your money problems.
So, you have been pushed further into debt by holiday season spending.
First what you are to do is to face the fact. Your Christmas debt hangover doesn’t mean that you are an irresponsible card holder. It just shows that you care for your close people and you are still a bit of a child at heart, who believes in magic. Once you admit that you are left with a hole in your pocket, it will get much easier to start planning out your budget for the oncoming months. Estimate the approximate losses your accounts have suffered. And don’t give way to despair.
Make up a six-month savings plan. That will help you a lot. You’d better not try to pay off your balance in full at a time. Potion out your payments. But try not to drag it out till next Christmas. Make maximum payments possible. But you don’t have to sacrifice buying the essentials, of course. Even every $ 50 bring you closer to the day when all your financial problems fade away as a bad dream.
Try to cut down your expenses, starting with groceries, ending with entertainments. You don’t have to go to extremes. Just set up a budget that will be a bit lower than your regular one. Think of getting things at a lower cost.
You can also get a balance transfer credit card and transfer your balance to this plastic. Thus you will save on interest rate. In case you keep your balance on one of your current credit cards, especially if it is not a low interest credit card, try to manage your debt problems as soon as possible. Otherwise, you will lose money on your annual percentage rate.
Think of all extra spending that you will face during next 6 months. Take into account all anniversaries, birthdays, other celebrations, trips, etc. This will help you to create an appropriate budget. And write a financial scenario for your next Christmas beforehand. Don’t put it aside till December. You might consider getting one of the plastics with favorable rewards programs. A cash rebates rewards credit card, for instance. This will reduce your risks of getting into debts next year.
And, finally, stop promising yourself “to start over” next January. Just really do it. It is not that difficult. It, actually, will take you not that much time and efforts as it may seem.
So, there are the simple rules that will hopefully help those, who have overspent a bit this holiday season. I am determined to follow them myself. So, you are not alone. Cheer up!
Oh what fun it is to pay off your debts till next year, May…
Yeah, sounds a bit gloomy. I know I am no song writer. And maybe “next May” is an exaggeration. But now that Christmas presents are opened, delicacies are almost eaten up, you no longer hear bells jingle, and the Christmas magic fades away, it is right about the time to sum up your holiday expenses.
The reason for this issue I am going to write about is quite clear. People spend more and more money during Christmas shopping season every year. Since it is a sore point for me as well, I am up to give you some tips on how to beat your holiday debt hangover. Personally I have spent over $ 900 on X-mas gifts and preparations. I by no means regret it, as nothing compares to that fuzzy, warm feeling this holiday brings. And those piles of credit card bills are just side effects of the celebration.
I believe I was not the only one to blue a whole bunch of money during these holidays. Christmas consumerism is a wide-spread disease nowadays. And the statistics proves it. A recently conducted survey has shown that every American spent about $ 800 in the average during Christmas period. That is quite a severe attack of your personal or family budget. This kind of spending is a beaten path to a credit card debt. So, once you feel like you are on the edge of your financial setback, you might find the tips bellow helpful in solving your money problems.
So, you have been pushed further into debt by holiday season spending.
First what you are to do is to face the fact. Your Christmas debt hangover doesn’t mean that you are an irresponsible card holder. It just shows that you care for your close people and you are still a bit of a child at heart, who believes in magic. Once you admit that you are left with a hole in your pocket, it will get much easier to start planning out your budget for the oncoming months. Estimate the approximate losses your accounts have suffered. And don’t give way to despair.
Make up a six-month savings plan. That will help you a lot. You’d better not try to pay off your balance in full at a time. Potion out your payments. But try not to drag it out till next Christmas. Make maximum payments possible. But you don’t have to sacrifice buying the essentials, of course. Even every $ 50 bring you closer to the day when all your financial problems fade away as a bad dream.
Try to cut down your expenses, starting with groceries, ending with entertainments. You don’t have to go to extremes. Just set up a budget that will be a bit lower than your regular one. Think of getting things at a lower cost.
You can also get a balance transfer credit card and transfer your balance to this plastic. Thus you will save on interest rate. In case you keep your balance on one of your current credit cards, especially if it is not a low interest credit card, try to manage your debt problems as soon as possible. Otherwise, you will lose money on your annual percentage rate.
Think of all extra spending that you will face during next 6 months. Take into account all anniversaries, birthdays, other celebrations, trips, etc. This will help you to create an appropriate budget. And write a financial scenario for your next Christmas beforehand. Don’t put it aside till December. You might consider getting one of the plastics with favorable rewards programs. A cash rebates rewards credit card, for instance. This will reduce your risks of getting into debts next year.
And, finally, stop promising yourself “to start over” next January. Just really do it. It is not that difficult. It, actually, will take you not that much time and efforts as it may seem.
So, there are the simple rules that will hopefully help those, who have overspent a bit this holiday season. I am determined to follow them myself. So, you are not alone. Cheer up!
The Balance Transfer Opportunity
January, time to return to my real life after the winter holidays, go on working and make one more attempt to follow my New year resolution. This year I plan to start jogging, eat more healthy food and reduce my monthly expenses. Even if I forget about my resolution (as I usually do) I will need to save money anyway because I am a bit short of money after all that Christmas shopping.
First of all, I am going to apply for a new credit card with a low introductory rate and transfer my debt on it. This option is called balance transfer and it will help me not to loose money on the annual percentage rate. A balance transfer is widely used by all major credit companies. Make sure that your credit card allows you to use this service or otherwise you wouldn’t be able to benefit from the difference of the interest rates.How does the balance transfer work? My new credit card issuer will pay off my debt to the previous credit company and move the balance to my new card. So I will still have the same debt, but the APR will be better. It’s also very convenient to use a balance transfer if you have more than one debt – it will be more affordable to manage your expenses if you consolidate the debts.
As the main goal of changing a credit card is to save money, pay attention to such significant aspects as introductory rates and the length of the introductory period. Surfing among numerous balance transfer card offers, choose the ones which have introductory APR up to 1% or – what is much better – no APR at all. Check how the interest rate will rise after the end of the introductory period – you don’t need a high jump of your APR.
Unfortunately, introductory rates do not last forever, so pay attention to how long they will be. No need to tell, the longer – the better. Usually the introductory period is 6–12 months, but you can find special offers: for example, the Blue from American Express offers 15 months’ introductory period – so be attentive in your searches. Another advantage for the Blue holders is the access to the Blue Membership Rewards Express program that offers the opportunity to earn points, which can then be redeemed for various products and services.
I want to warn you against the possible mistake that my brother recently made – he didn’t check his card limit so his balance was transferred partially. Now he got two credit debts instead of just one and he is really upset. Fortunately, his income allows him to manage both bills, but he really has made his financial situation worse. Learn from my brother’s mistakes and make sure that your new credit limit is big enough to accommodate your whole debt.
Now you know the advantages and disadvantages of balance transfer deals and what aspects of balance transfer cards shall be taken into consideration. I would recommend you to pay attention to Discover More Card – American Flag or similar cards which have such benefits as 0% APR for 12 months, no annual fee and a good rewards program which will allow you to get cashback bonus.
First of all, I am going to apply for a new credit card with a low introductory rate and transfer my debt on it. This option is called balance transfer and it will help me not to loose money on the annual percentage rate. A balance transfer is widely used by all major credit companies. Make sure that your credit card allows you to use this service or otherwise you wouldn’t be able to benefit from the difference of the interest rates.How does the balance transfer work? My new credit card issuer will pay off my debt to the previous credit company and move the balance to my new card. So I will still have the same debt, but the APR will be better. It’s also very convenient to use a balance transfer if you have more than one debt – it will be more affordable to manage your expenses if you consolidate the debts.
As the main goal of changing a credit card is to save money, pay attention to such significant aspects as introductory rates and the length of the introductory period. Surfing among numerous balance transfer card offers, choose the ones which have introductory APR up to 1% or – what is much better – no APR at all. Check how the interest rate will rise after the end of the introductory period – you don’t need a high jump of your APR.
Unfortunately, introductory rates do not last forever, so pay attention to how long they will be. No need to tell, the longer – the better. Usually the introductory period is 6–12 months, but you can find special offers: for example, the Blue from American Express offers 15 months’ introductory period – so be attentive in your searches. Another advantage for the Blue holders is the access to the Blue Membership Rewards Express program that offers the opportunity to earn points, which can then be redeemed for various products and services.
I want to warn you against the possible mistake that my brother recently made – he didn’t check his card limit so his balance was transferred partially. Now he got two credit debts instead of just one and he is really upset. Fortunately, his income allows him to manage both bills, but he really has made his financial situation worse. Learn from my brother’s mistakes and make sure that your new credit limit is big enough to accommodate your whole debt.
Now you know the advantages and disadvantages of balance transfer deals and what aspects of balance transfer cards shall be taken into consideration. I would recommend you to pay attention to Discover More Card – American Flag or similar cards which have such benefits as 0% APR for 12 months, no annual fee and a good rewards program which will allow you to get cashback bonus.
Getting a Good Credit Card a bad credit
Credit card issuers love and pamper prosperous card holders. Well-to-do people get the most enticing offers, the most favorable terms, and the most appealing bonuses. Banks would more likely make concessions when it concerns clients with good or excellent credit than when it comes to bad credit owners. People with bad credit rating face more difficulties when they try to get a credit card they need. They pay higher interest; they are restricted in the choice of card offers, and can they hardly hope for any kind of indulgence for their credit commitments. If you are going through some financial difficulties and your credit score leaves much to be desired, or in other words, you are a bad credit owner, do not give way to despair. It is not that bad. Even with a bad credit you have a number of credit card deals to choose from. Even more, sticking to some rules and common sense you can get a bad credit card that will actually help you to start over. So, this is my vision of your road to El Dorado. (By the way, I have been through bad credit problems myself, so the guide below will be a mix of experts’ advice and my own experience).
1. When making a decision on a bank to apply for a card at, mind that smaller ones will more willingly issue you a plastic. Their reputation is not as solid as such financial giants’ as Visa, Discover, Citibank, Chase Bank, and others. But your and their trustworthiness is about equal. So, think of some small companies.
2. Stay with your current bank, credit union, or a savings institution. If they know you as a responsible client, they might overlook your money troubles and issue you a credit card without numerous checking procedures.
3. Pay special attention to banks that specialize on working with bad credit owners. First PREMIER and Orchard, for instance. These banks have, probably, the widest range of credit cards for bad credit. Among Orchard credit cards, Orchard Bank Platinum MasterCard is issued to credit consumers with poor credit rating. It comes with a pretty low APR and gives you a chance to enjoy the card’s Platinum status.
4. In case all your attempts to get an unsecured credit card fitting your financial status quo have failed, think of applying for a secured credit card. Of course, a secured plastic does not give you so many opportunities like an unsecured does. To activate an unsecured card’s account you are to make a deposit. The amount of money deposited will determine your credit line. But the main advantage of such a card is that it is perfectly safe for your credit score. You will not be able to spend more than you have deposited.
5. Find a co-signer. If you talk someone with good credit into co-signing with you, you will, most probably, get approved for a credit card. But remember that you will have to share the responsibility for the account. All your financial missteps will be reflected in your co-signer’s credit report.
6. When you apply for a new credit card try to pay all your bills on other plastics on time.
7. Mind an annual fee. Why pay more? Find a no annual fee credit card. There are plenty of them for all types of credit.
8. And, if you did not qualify for a credit card you had applied for, claim for an explanation. A credit card issuer, legally, has to tell you the reasons for their denial.
I hope you will find these tips helpful. I did a few years ago. Now I am a lucky owner of a good credit. I wish you go the same track.
1. When making a decision on a bank to apply for a card at, mind that smaller ones will more willingly issue you a plastic. Their reputation is not as solid as such financial giants’ as Visa, Discover, Citibank, Chase Bank, and others. But your and their trustworthiness is about equal. So, think of some small companies.
2. Stay with your current bank, credit union, or a savings institution. If they know you as a responsible client, they might overlook your money troubles and issue you a credit card without numerous checking procedures.
3. Pay special attention to banks that specialize on working with bad credit owners. First PREMIER and Orchard, for instance. These banks have, probably, the widest range of credit cards for bad credit. Among Orchard credit cards, Orchard Bank Platinum MasterCard is issued to credit consumers with poor credit rating. It comes with a pretty low APR and gives you a chance to enjoy the card’s Platinum status.
4. In case all your attempts to get an unsecured credit card fitting your financial status quo have failed, think of applying for a secured credit card. Of course, a secured plastic does not give you so many opportunities like an unsecured does. To activate an unsecured card’s account you are to make a deposit. The amount of money deposited will determine your credit line. But the main advantage of such a card is that it is perfectly safe for your credit score. You will not be able to spend more than you have deposited.
5. Find a co-signer. If you talk someone with good credit into co-signing with you, you will, most probably, get approved for a credit card. But remember that you will have to share the responsibility for the account. All your financial missteps will be reflected in your co-signer’s credit report.
6. When you apply for a new credit card try to pay all your bills on other plastics on time.
7. Mind an annual fee. Why pay more? Find a no annual fee credit card. There are plenty of them for all types of credit.
8. And, if you did not qualify for a credit card you had applied for, claim for an explanation. A credit card issuer, legally, has to tell you the reasons for their denial.
I hope you will find these tips helpful. I did a few years ago. Now I am a lucky owner of a good credit. I wish you go the same track.
The Advantage of Low Interest Credit Cards
People with good or excellent credit have a broader range of credit card offers to choose from. And the deals they can qualify for usually come with better terms and more favorable features than card offers that bad, fair or no credit owners are eligible for. So, if you are a lucky credit card holder with good or excellent credit rating, you are welcome to get crème de la crème of the credit card market.
Though good credit gives you more opportunities to get the best credit card for you that will perfectly fit your demands, you often face the product-mix problem. The variety of plastics is so wide that it is extremely easy to get lost in the jungle of credit card offers. Balance transfer credit cards, rewards credit cards, low interest plastics, business credit cards, cards with instant approval… Which one is your Mr./Mrs. Right?
Low interest credit cards are one of the most popular and frequently searched for credit card types. Such cards come with low APR (annual percentage rate). This credit product allows you to save on interest accrued to your balance. This kind of cards is favored by customers that permanently carry a balance on their credit cards and for those, who make large purchases.
As a rule, such offers also come with 0% APR promotional period. Within this time frame you do not pay any interest on your credit card. This is the time when you get maximum profit from your credit card deal, saving on the interest. But you should not fall for introductory period only. In case your promotional period is over and your APR skyrockets up to 20% the credit card issuing company will easily get back all the money they lost during your intro period.
But if you choose an offer with an interest that will change into a fixed low one after a promotional period, you will definitely profit. A low interest card is also a great way to save on interest when transferring a balance from a high interest credit card to a low interest one.
Besides, getting a credit card with such a beneficial feature as a low interest rate, you are not bound to lose other profitable options. For instance, you can find a low APR credit card with no annual fee or a rewards program. This way you can get like two cards in one – a low interest card and a reward credit card. A rewards program will, most probably, be not the most favorable one, but the APR will be significantly lower.
An opportunity to save on interest is a very important issue in your personal money management. People oftentimes overpay up to 25% of their loan in interest and fees. So, next time you start browsing through tons of credit card offers, don’t let low interest credit cards slip your attention.
Though good credit gives you more opportunities to get the best credit card for you that will perfectly fit your demands, you often face the product-mix problem. The variety of plastics is so wide that it is extremely easy to get lost in the jungle of credit card offers. Balance transfer credit cards, rewards credit cards, low interest plastics, business credit cards, cards with instant approval… Which one is your Mr./Mrs. Right?
Low interest credit cards are one of the most popular and frequently searched for credit card types. Such cards come with low APR (annual percentage rate). This credit product allows you to save on interest accrued to your balance. This kind of cards is favored by customers that permanently carry a balance on their credit cards and for those, who make large purchases.
As a rule, such offers also come with 0% APR promotional period. Within this time frame you do not pay any interest on your credit card. This is the time when you get maximum profit from your credit card deal, saving on the interest. But you should not fall for introductory period only. In case your promotional period is over and your APR skyrockets up to 20% the credit card issuing company will easily get back all the money they lost during your intro period.
But if you choose an offer with an interest that will change into a fixed low one after a promotional period, you will definitely profit. A low interest card is also a great way to save on interest when transferring a balance from a high interest credit card to a low interest one.
Besides, getting a credit card with such a beneficial feature as a low interest rate, you are not bound to lose other profitable options. For instance, you can find a low APR credit card with no annual fee or a rewards program. This way you can get like two cards in one – a low interest card and a reward credit card. A rewards program will, most probably, be not the most favorable one, but the APR will be significantly lower.
An opportunity to save on interest is a very important issue in your personal money management. People oftentimes overpay up to 25% of their loan in interest and fees. So, next time you start browsing through tons of credit card offers, don’t let low interest credit cards slip your attention.
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