Credit Card and Reporting Education
From a cash back credit card to one that offers airline rewards, you have many options to consider.
While some people choose the first credit card that looks good to them, others realize the importance of comparing all their options before making a final decision.
By answering the following questions, you can put yourself on the right path to making an informed and confident decision:
Many credit card users are taking advantage of the opportunity to save money on interest fees with a credit card balance transfer.
A balance transfer can be made from one or more credit cards, transferring the debt to a new card with better interest rates, often as low as 0%.…
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Rewards cards are aimed at consumers with good to excellent credit and offer the cardholder a little something back for using the card.
Generally, rewards are 1% of purchases charged to the card. Depending on the card issuer’s rewards program, extra points may be earned for shopping with specific retailers, or for making purchases with certain types of vendors.…
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Getting your first credit card can be frustrating.
You may have found that creditors refuse to issue you a credit card because you have no credit history. And you may wonder how you’re going to build a credit history if no one will give you a credit card. You probably feel like you’re a great candidate for a credit card – you’ve been dutifully paying your rent, utility and phone bills, insurance, and medical costs on time without fail for years. …
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There are a few ways to obtain your credit score:
When getting your free annual credit report
By law, all consumers are entitled to a free credit report from each of the three major credit bureaus each year. The only government-authorized source of this free report is www.annualcreditreport.com.
A credit report is necessary to check for identity theft or fraudulent account activity and to verify the accuracy of your credit history, but your credit score is not included in the free annual credit report.…
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A secured credit card can be a great option for you to build your credit history while enjoying the conveniences of using a credit card.
Start by looking specifically for a secured credit card to apply for. If you apply for a regular credit card and get a denial, some lenders will offer you a secured credit card, and some will just deny you and leave it at that. …
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By using credit cards wisely, the consumer can get the benefits of using a credit card without the hassles and expenses that may come with using a credit card.
Spend Responsibly
A credit card can really come in handy for regular spending and for the occasional unexpected expense. But a cardholder who regularly treats their credit limit as extra income is likely to end up buried in a mound of debt.…
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Credit scores range from 300 to 850 and higher is better.
Generally, a credit score of 720 or higher is considered an excellent credit score and applicants may qualify for credit cards with no annual fee, a low APR, and generous rewards. Depending on income, credit limits can be very ample.…
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It’s a good idea to know where you stand in the eyes of creditors before applying for a new credit card or any other type of credit.
Your credit score is the three-digit number that uses information in your credit report to summarize your credit risk. Credit scores range from 300 to 850 and higher is better.…
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Getting your good credit rating was a gradual process. It took years of responsible debt management to finally put you in the low-cost credit club.
Lenders and credit card issuers are delighted to receive a credit application from you, and you’re very likely to get the best deal they offer.…
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