There was a time, not too many decades ago, when having a credit card was considered to be a luxury. If a person had no credit, they really did not care. The vast majority of individuals handled their financial transactions using cash, and some would pay by check. However, over the past few decades it has become increasingly difficult for people to do every day transactions without a credit card. Having no credit at times is more frustrating than having no money.
In fact, there are certain purchases that you cannot do without a credit card. For example, it is impossible to rent a vehicle without a credit card. The vast majority of car rental locations will not accept payment with cash or with a debit card. Also, making travel plans without a credit card is difficult, at best. The vast majority of travel deals are found on the Internet, and in order to purchase plane tickets on the Internet a person needs a credit card.
There are also financial benefits that come to an individual who chooses to use a credit card to purchase certain items. For example, an individual who finds themselves needing to rebuild credit can do so quickly by paying for items on a credit card that they would have ordinarily paid for with cash. Then they can immediately pay the amount that they charged to their card. By doing this, and by paying their bill on time every single month, they can go from having poor credit to having fair credit to eventually having good credit.
Many credit card companies offer a rewards program for people who pay their bill on time. This means that for every dollar you charge to your card, you may be given points that you can use either to receive money back at the end of the month, or to use for things like travel, car rental, and other purchases. Some are surprised to learn that there is even a bad credit rating credit card that provides these types of rewards.
For an individual who does not have credit, who has bad credit, or who needs to rebuild their credit, this inability to get a credit card can be frustrating. It may be that an individual has applied to get a credit card multiple times and has been denied. They may be asking themselves, why cant I get approved for a credit card? They may also be interested in learning about the steps they would have to take in order to get a bad credit rating credit card, or an easy approval credit card. However, they may have no idea where to turn. A person of the situation could legitimately feel that because there are so many options when it comes to getting a credit card, and because there are so many hoops to jump through for an individual with bad credit to get instant credit, that there is no way for them to a credit card. Many people in this situation would be happy to learn about a service or a company that specializes in helping individuals with fair to poor credit qualify for a credit card.
As was mentioned at the outset of this article, having a credit card is essential for a person who wants to take full advantage of opportunities that may be offered to them. Now is not the time for a person to ask themselves, why cant I get approved for a credit card? Now is the time for an individual who may not be able to get instant credit to figure out how they can get an easy approval credit card.
Low interest credit card offers are available for several types of credit customers. A low interest credit card can be used by those customers with bad credit, no credit, those looking for the best credit card offer, customers who want a rewards card, and those needing a balance transfer option. Low introductory APR features are offered with some new best credit card options. Rewards cards use cash back, gasoline accounts, travel accounts, and dining features to provide additional low introductory APR cards with beneficial options to use. Customers with bad credit or no credit can apply for these cards. There may be balance transfer options for those applicants with less than perfect credit. Most of these newer credit cards are available for those customers with fair to good credit.
PROS AND CONS AND CREDIT CARD TIPS
Several banks offer newer credit card features. These financial institutions follow certain banking principles in providing credit cards to modern customers. Credit score evaluation is one of these card principles that seems to be critical for any type of application acceptance. There are many features on the modern credit card that give the consumer additional purchase options. Deciding which card to select can be confusing. The following are some considerations and tips to gain the best kind of credit card:
1. A credit card can allow a consumer to gain good credit. Good credit is important in order to be accepted by the best credit card offers. Paying the card balance each month can build credit for the card owner.
2. A credit card can help to document certain types of spending. Business expenses can be separated from personal expense by using business cards and separate personal credit cards.
3. Cards come with travel insurance and automobile options. Special programs for travel and leisure frequently come with a credit card use. Cash back and other rewards are available with some card programs.
4. Card use should be carefully planned. Overuse of credit cards can lead to poor credit and bills that are difficult to pay each month.
5. Credit cards can come with high fees for a card balance that is not paid off each month. Questions about the card terms can be confusing to some consumers.
Careful use of credit cards is important. There are several rewards programs that offer assistance with travel insurance and other features.
Almost everyone has a credit card. A lot of consumers have two or more credit cards. There are a good deal of those who use a cash back credit card offering cash back rewards with qualifying purchases. Credit card companies use cash back offers to attract and keep customers. It really is nice to be rewarded for spending money.
The idea is simple, the consumer makes a purchase using their chosen credit card, and the financial institution the card is drawn from will reward you with a bonus. Bonus amounts vary greatly, and very few give back more than the purchase price. Some credit card companies offer different amounts of cash back according to what is purchased. For example, there may be a 1% on food purchased and a 2% on fuel. Reading the fine print regarding the cash back rewards is important to get the most out of your credit spending dollar and find the best credit card.
When applying for a rewards card, it is good to know your credit score. Those with bad credit or no credit will have to pay higher interest rates. Consumers with a good credit score will benefit by getting lower interest credit card and low introductory APR. Consumers with bad credit or no credit will also be limited on the number of cards they will qualify for that offer points rewards or cash back rewards. To get a low interest credit card or one with a low introductory APR, it is important to have good credit. With a god credit rating you will find the best credit card for your needs.
Credit rewards cards are offered by many credit card companies. Applying is easy, the hard part is choosing the points rewards or cash back rewards that will benefit you the most. Get a cash back credit card and enjoy the rewards. Credit card companies want you to use their cards and they are willing to give significant rewards to use them. With so many great offers to choose from, take your time and do research on credit card companies offering their customers rewards for using their card.
If you are preparing to apply for a credit card for your small business or corporation, choices offered by banks and credit card companies can be very overwhelming. There are cards which offer different incentives such as airline travel miles (or travel rewards), double or triple airline miles, cash back options or other rewards card.
How do you decide which is the best credit card for your corporation needs? There are factors to consider before you apply for a small business credit card or a corporate credit card?
The factor which determines not only which credit cards you corporation qualify for, but the ones that will offer you the best interest rates (or APR), is your credit score. There are three credit reporting agencies used by most banks. These are Experian, TransUnion and Experian. Banks and companies extending credit to you and your business will use these scores to determine the your credit worthiness and what risk they take in extending you credit. A bad credit score is below 675 points. Having no credit score will also be unfavorable.
Once you know your credit score and are ready to apply, then it’s time to sort out all the different small business credit cards or corporate credit card options. There are options for bad credit or no credit, but the interest rates (or APR) are usually much higher.
If your business requires you to travel alot, a rewards card such as Capital One’s Venture for business might be right for you. This card permits your company to accrue two airline miles with any airline you choose for each dollar spent. Earning these miles and then spending on future company travel make this type of travel rewards card a plus.
Many small companies or corporations use their credit card to entertain clients and general office needs. For these purposes perhaps the Chase Ink Cash Business Card will work for you. This rewards card offers 3% cash back on office purchases and 1% on other purchases.
Another good choice for business owners is the Plum Card from American Express. Often businesses need to keep afloat while awaiting payments from their customers. The Plum Card offers no preset spending limits and up to 60 days to pay a balance.
These are just a few of the many options available for you to choose the best credit card for your corporation needs.
Many types of credit cards flood the market and it is often difficult for consumers to choose which credit card may be best for them. For some consumers often hassled by credit card fees, one type of card that saves consumers money is the no annual fee credit card. This type of credit card comes with no annual fee and other perks as well.
At the top of the list is the BankAmericard Cash Rewards Credit Card. This is a rewards card that offers a generous signing bonus of $100 when the consumer spends at least $500 in the first three months. Furthermore, the consumer can get up to 3% cash back on certain items. The card offers a low introductory APR of 0% on balance transfers and purchases made within the first two months. In addition, if the customer has a Bank of America checking or savings account, he can get an extra 10% bonus when he redeems his cash back into his Bank of America savings or checking account. To get this credit card, the customer needs to have very good credit.
Another good option for those with good credit is the Discover It Rewards Card. Not only does this card come with no annual fee, it also offers a generous 5% cash back on select gas stations and 1% cash back on everything else. It offers 0% APR on balance transfers for 18 months and 0% APR on purchases made within the first six months.
For those with fair credit, the Capital One Cash Rewards for Newcomers card may be a good choice. This card is a no annual fee credit card available to those with fair credit and it offers many perks. The card offers 2% cash back on travel purchases and 1% cash back on all other purchases. This card does not come with a low introductory APR and has a regular APR of 24.9%.
If the consumer has bad credit, then he or she could apply for the Western Union MoneyWise Prepaid Mastercard. This card comes with limited credit card fees and no monthly fees. Furthermore, it does not require a credit check so those with bad credit can use it to help rebuild their credit.
Whether consumers have good or bad credit, there are plenty of choices for them. Each consumer has his own individual needs and he should be able to find a credit card that best tailors to his needs.