Credit Cards~what Suits You?
Posted by admin on Feb 28, 2010
In today’s changing social and economic climate, credit and debit cards play a key role in everyday living. Many of you have seen the t.v. commercial in the cafe where the steady stream of customers swipe their cards to pay and move right along until one guy tries to pay with cash and the entire flow is completely disrupted? What was he thinking paying cash? More and more people have adopted the practce of credit card comparison to find what suits your needs and lifestyle.
Whether you fit into this group or not, there is a socio-economic revolution going on around us. You can either adjust to the new wave of commerce or stick with old school cash and paper checks. Here are just some of the benefits of credit cards:
1) Safety; more and more people and businesses are not getting mugged or held-up because they know chances are there is no cash on hand, only credit cards. I know, sounds arbitrary, but true!
2) Fast and easy; let’s face it, we like things done yesterday! Credit cards allow us to make purchases online and offline with ease.
3) Rewards & Bonuses; whether it is airline miles, gift certificates, rebates or points, credit cards offer a wide variety of incentives.
So what do you do next? How do you find which credit card is right for you? With so many different options, incentives, APR’s and fees, it can get alittle overwhelming.
Credit card comparison is the new wave. Below is just a glimpse at a few credit cards and what they offer you.
A) Travel/Airline & Hotel: Airlines offer anything from Bonus miles after first purchases, Double miles at particiapting groceries, restaurants, gas and more to no balck-out days. Hotels offer discounts on rooms to points redeemable for free nights. Even cruise lines are getting in the mix with incentives and discounts. Travel insurance has become an added bonus.
B) Pre-Paid: For those who like to know exactly what they are spending from the get go at their own pace. Also an option for those with less than perfect credit. Offer No Hidden or Annual Fees, No Credit or Employment checks, Free to Load money with Direct Deposit of paychecks, zero liability, Cash Reward Programs and a Free Credit Bulider with Overdraft Protection.
C) Student: Ready to build that credit history? With 0% intrest on purchases for the first 6 months, no annual fees, up tp 5% cash back bonuses on apparel, gas, movies as well as redeming points for name brand merchandise or gift certificates. Also the option to personalize your card with your own design.
D) Business: For any businss small or large the benefits are truly helpful. Larger credit lines, $0 fraud liability, low APR’s on balance transfers, travel and merchant discounts, personalization of your card, no pre-set spending limits to earning bonuses and points when your employees make purchases! What more could you ask for?
Again, these are just few that touch on the surface of what is offered out there for credit card comparison. Do not get sucked into signing up for a card that is not right for you. This will only hurt your credit rating if you are not approved. Take the time to research different options to find what suits your needs.
Stephanie Weismiller
http://www.articlesbase.com/credit-articles/credit-cardswhat-suits-you-345362.html
What is the best credit card for someone who never borrows money from the bank? I want the cream of the crop.?
Ok so I have had a debit card(bank of america) for about a year now and I want to get a credit card. What is the absolute best card? I was thinking the American express blue cash card. I need a card with great rewards. I spend ALOT of money on clothes. Please help me find the credit card that is best suited for me.
American Express
References :
You can compare the cream of the crop credit cards at http://www.cardrewards.net where you can compare cards by 0% Intro Apr’s, no annual fees, and balance transfer information. Citibank, Chase, American Express, and Discover are the cream of the crop.
References :
http://www.creditimes.com
you might want to go here to compare them, pick one that is right for u
http://www.bestcreditrates.net
References :
All you ever had is a debit card?
I know this isn’t what you will be wanting to hear but -
If you have never had a loan or credit card in the past you will not be approved for a the types of major credit cards you are talking about (Blue Cash).
You would do nothing but create inquiries and lowering your credit score if you start applying for credit that you won’t qualify for. (to many inquiries and you would be denied for that reason also)
A debit card is not reported on credit reports so it does not build credit history with any creditor except possibly the bank it’s issued from.
If you are a college student, you may have a good chance of being approved for a student credit card. Amex, Chase, Discover are all prime creditors and have excellent student cards.
If you are not a student you might consider a secured card.
BoA has a pretty decent secured card that will generally unsecure around 9 months or so.
Credit unions also have good secured cards.
After those cards report for 4-6 months, you might apply for a card with the store you purchase your clothes at. Store cards do have high interest rates so you should make it a habit to only purchase what you know you can pay in full when you receive the statement.
Even though store cards have high interest, they are often offer discounts, shopping rewards, etc., that is only offered to the store card holder.
If you apply online, NEVER apply for a credit card from "any" site other than the card creditors own site !!!
References :
Here check out http://www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates and rewards.
References :
AmEx Blue Cash is a good card, but perhaps not the best for a spending profile that’s heavy in clothing spending, because it’s tiered and you only get to the 1.5% reward tier on clothing after you’ve spent $6500 year-to-date on the card. The Fidelity Signature Rewards Visa is not tiered and will pay you 1.5% from the first dollar. If you don’t mind using your rewards on airline tickets that cost $600+ or nearly $350, then you can earn nearly 2% on all of your spending with the Capital One No Hassle Miles Ultra for Professionals card.
To find the rewards card that will pay you the most for your overall spending profile, you can use this rewards calculator:
http://www.creditcardtuneup.com/
Note that the calculator converts all reward currencies (frequent flier miles, points, cash back) to dollars for an apples-to-apples comparison.
References :
http://www.uthunk.com/
The Blue Cash Card from American Express is an ideal cash back credit card for someone with good or excellent credit. You can qualify for very low rates and earn unlimited cash back.
The offer is carefully worded "up to 5% cash back". You can only earn 5% cash back at gas stations, super markets and drug stores. On other purchaes you can only earn up to 1% cash back. There is also limited cash back for your first $6500 in annual purchases. For this introductory period, you earn 1.5% cash back at gas stations, drug stores and super markets. Other purchases earn 0.5% cash back for the first $6500 in annual purchases.
Apply online at: http://www.credit-card-gallery.com/American_Express.html
References :