Swipe Away With Secured Credit Cards
There is a reason why it is called a secured credit card in the first place. It is the best way to deal with your expenses and at the same time enhance your credit history. In addition to that, with the modern society taking its toll nowadays, you can surely make use of that credit card whenever and wherever.
A credit card has moved a level higher. It is what most airlines, car rentals, hotels, restaurants and stores are looking for in order for you to be able to utilize their services and purchase their products. It is also a great way to keep yourself secured by not having to carry with you bills. It offers safety and convenience that you can enjoy all the time.
However, the catch is being able to find the right company that offers a secured credit card with a deal that is worthwhile. If you come to think of it, the search may tend to be long and discouraging because of having to consider a lot of option. But as long as you have the determination and information needed to get the credit card in your hands then taking time to decide would not be a problem for you.
So basically what happens is this. If in case you have a poor credit history because of past missed deadlines or if you have not even had a credit card before then you will most likely not be qualified to avail of the regular credit card. The option left for you is to opt for a secured one. In a secured credit card, anything and everything that you use this card for will be immediately backed up by your own personal money. That money is in a bank account which will be linked to your credit card line.
But if you want a shortcut and get pass all the hustle and bustle, you can right away apply for a Visa or Master Card. These are the major and most trusted secured credit cards available at your expense since these are accepted almost everywhere.
Now what are you waiting for? Fund that bank account, apply for a secured credit card and get to enjoy all the perks you want with just a simple swipe.
Categories: Credit Score Articles Tags: Away, Cards, Credit, credit cards, Secured, secured credit cards
How To Repair Credit For Change Your Life | Getting Your Credit Score – Bad Credit Credit Cards
If you have high scores, it follows that lenders will most probably give you very favorable rates. As a matter of fact, you can even ask for the best possible conditions there are. Having a score this good can almost assure you will be eligible even for big ticket items you are eyeing on. Lenders even let you borrow more than 80 percent of the value of your home without even requiring private mortgage insurance. You are seemingly going to get a home equity loan or line of credit with an interest rate equal to the prime rate, or even below it.Categories: Credit Score Videos Tags: Bad Credit, Cards, change, Credit, Getting, Life, Repair, Repair Credit, Score
I have tried applying for loans and cards. How can I fix my credit?
Question by ravenous_person: I have tried applying for loans and cards. How can I fix my credit?
I’m gonna get a Verizon phone, will a cell phone fix the bad credit I have? The loan I applied for said I had “no established credit” But I did have something in collections. It is listed as Paid.
Best answer:
Answer by Cold
Cell phone do not report your payments to the credit bureaus.
Therefore they do not bring any benefit to your credit.
Consider getting a secured card.
You drop about $ 500 to $ 1,000 into an account and get a debit card to use against it.
Replace the money in full each month – no games.
Only a small percentage of these cards are turning into credit cards.
People that get them usually have bad credit, and can’t seem to be able to pay in full each month for what they use.
Use it wisely – it will reward you with good credit in a couple of years…
Know better? Leave your own answer in the comments!
Will secured credit cards build credit history?
Question by deedee: Will secured credit cards build credit history?
How long would it take if I used this method to build my credit history? Will I be eligible for regular credit cards if after this? Im trying to build my credit up and fast! I have no credit history right now.
Best answer:
Answer by Frank
Yes, they will, if you pay on time. Don’t pay late. Don’t pay late.
And don’t think that using them more will make youre credit better. Your credit report shows the number of times you paid late, the amount you currently owe, and the maximum you ever owed on that account.
If you use the card one month and then pay it off and stick it in a drawer for 11 months, that will look exactly the same one your credit report as if you used the card every month for 12 months and never paid late. So don’t fool yourself into buying more stuff to help your credit, because it won’t make a bit of difference.
Add your own answer in the comments!
Q&A: Is Black Mastercard the Boss of all credit cards?
Question by nightfire4107: Is Black Mastercard the Boss of all credit cards?
I heard people who have a Black Mastercard is rich and is for rich people?
Best answer:
Answer by Brad G
You might be thinking about the Black American Express card. The card is actually metal. It’s quite heavy for a credit card. I think it has an unlimited spending limit, but I’m not exactly sure. But I am a bartender and I’ve swiped quite a few of them. Most of the people that I’ve seen that have had them were doctors and stuff, so yes usually anyone that would have one are definitely well off. Here are a few quotes from a website.
“The Black American Express credit card is actually referred to as the “Centurion Card”, and is offered by invitation only, usually to celebrities and business tycoons and the like.”
“It also costs $ 5,000 to enroll in the Centurion Card program, and supposedly you need to spend a minimum of $ 250,000 within 12 consecutive months to qualify for the program (along with a stellar credit score).”
“There are said to be about 10,000 Centurion credit cardholders worldwide, which begs the question, is an even more exclusive credit card necessary?”
Add your own answer in the comments!
Categories: Credit Score Questions Tags: Black, Boss, Cards, Credit, Mastercard
Average number of credit cards in America?
Question by Apfel: Average number of credit cards in America?
What is the average number of credit cards most Americans have?
Thanks!
God Bless!
Best answer:
Answer by Barkley Hound
While most Americans carry between five and 10 credit cards, some people carry up to 50 — which could wreak havoc on your credit score.
On average, today’s consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards, or bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, 9 are likely to be credit cards and 4 are likely to be installment loans.
Know better? Leave your own answer in the comments!
What is cheapest way to improve credit score if you have several cards with high balances on them?
Question by gladtobeinla: What is cheapest way to improve credit score if you have several cards with high balances on them?
If you have several cards with close to max amount used on them is there a “magic percentage” like paying 65% off or 60% off in order for the credit score bureaus to take note and give an improved credit score?
Best answer:
Answer by Todd S
Under 20% is the magic number per industry experts. So the best way to get your balances down below 20% would be to either pay them down that much (if possible), or execute a balance transfer. If you go the balance transfer route, you’ll have a high balance on one credit card as opposed to two or three or however many cards you’ve got.
The downside is opening a new credit card, which can lower your credit score temporarily. But long term, eliminating those balances will far outweigh the ding for opening a new credit card. A balance transfer credit card will probably also save you a lot of money in interest.
Add your own answer in the comments!
Q&A: Is this a secret you can do with credit cards to raise credit score?
Question by : Is this a secret you can do with credit cards to raise credit score?
They recently bought a microwave for $ 1000 on credit. They have way more than that though and when the bill came, they only paid $ 970 on purpose. I asked them why they didn’t pay it off in full and they said that they paid it with $ 30 short because there is barely any interest to that low sum of cash as opposed to only paying $ 600 where the interest would be equal to a lot more money for a sum of $ 400 as opposed to $ 30.
They said that “We just left $ 30 for the them to play around with and because we pay a little amount of interest on purpose, it makes them happy and they raise the credit score.”
So I asked what makes them so sure that that happens and they said that it’s experience after working with credit cards for 30+ years.
my parents*
Best answer:
Answer by Reena
They are wrong…. the credit card company has no influence over the credit bureaus and the credit scores.
So, leaving $ 30 on the card to give the credit card company a morsel of interest does not do anything towards their credit score.
What matters is that all payments are made on time, that not too much of the credit line is used in a billing cycle and that they (your parents) have a lot of “unused” credit versus maxed out cards and of course that they had these credit cards for a long time.
But you won’t be able to convince them. They have 30 years of “experience” and that is how they see it.
What do you think? Answer below!
The College Kid’s Guide To Student Credit Cards: Get Valuable Credit Card Tips On How To Use Credit Card For Students So You Can Build Good Credit And Develop Your Money Skills Early On In Life
The College Kid’s Guide To Student Credit Cards: Get Valuable Credit Card Tips On How To Use Credit Card For Students So You Can Build Good Credit And Develop Your Money Skills Early On In Life
College is where many of us get to enjoy our first taste of freedom and living pretty much in the manner that we desire. It is also the time where we get our first taste of the power of credit cards. Being new to financial freedom and its responsibilities, college kids are easily vulnerable to the enticements of credit card advertisements and decide to apply and begin using college credit cards for all the wrong reasons. Unwise spending and incorrect payment methods of course lead to accumulated interest charges that can end up being very costly. Misuse of student credit cards can seriously damage credit rating. Later on in life, you may be turned down for employment or be denied a loan to buy a new car or home. More seriously, your debts can add up that by the time you finish college you’re way in too deep in debt without any means of paying it off. A college credit card can be beneficial, but only if the college student remembers to use it correctly at all times. Student credit cards work the same way as any other credit card; they are loans that need to be paid back so responsible use is key to success. This credit card book is a guide to the young college student as well as to parents who are thinking about getting student credit cards. There are valuable tips and info on how to choose the right student credit card and how to use it as a financial tool to build good credit history which is necessary for adult life and to handle money properly which is essential for budgeting and living a debt free life.
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Credit Cards For People With Bad Credit; Learn How To Improve Your Credit Score, Avoid Scams, And Repair Credit With Secured Credit Cards
Credit Cards For People With Bad Credit; Learn How To Improve Your Credit Score, Avoid Scams, And Repair Credit With Secured Credit Cards
Do you have bad credit? Would you like to find out how you could use a credit card to increase your credit score? Did you know that there are credit cards available specifically for people with bad credit? Learn all of this and more so you can be on your way to credit repair! Credit Cards For People With Bad Credit teaches you skills of money management. This guide will help you find a credit card that will accept your application and use the card so that you can begin to repair your credit. While it may seem strange to get a credit card when you have bad credit, you need to demonstrate through your actions your new abilities to manage your money in order to improve your credit score.
Struggling with credit card debt and bad credit can have a huge impact on your life. It will affect your ability to get loans, a mortgage, and may even cause you to be denied employment. With the information in this book, you can begin to turn all of that around. By getting a credit card for people with bad credit and learning to use it properly, you can start to rebuild your credit. You don’t have to live under the weight of having bad credit; you can take small steps to improve it.
Look at some of the valuable information included in this book! Here is a list of the chapter titles:
Chapter 1: Credit Cards For People With Bad Credit
Chapter 2: Repair Credit With Bad Credit Credit Cards
Chapter 3: Get A Non-Mainstream Card for Those Who Have Poor Credit
Chapter 4: Secured Credit Cards
Chapter 5: Credit Cards For People With Bad Credit Ratings
Chapter 6: Improve Your Credit Score
Chapter 7: Quickly Increase Your Credit Rating
Chapter 8: Do A Little Research
Chapter 9: The Advantages of Secured Credit Cards
Chapter 10: How to Avoid A Scam
Start to repair your credit today! Take action and instantly download this book to your Kindle so you can learn how to improve your credit score.
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