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How To Find The Best Secured Credit Card For You

April 28, 2012

Best Secured Credit Card

Often times a secured credit card is confused with a prepaid credit card, which if you don’t know the difference then a secured credit card works like a credit card which you can make credit purchases with it, but if requires a deposit in order to obtain it, which the deposit is usually equal to or similiar to the your spending limit. A prepaid credit card on the other hand is basically like a debit card in which you deposit money and can make the same purchaes you can make with any other credit card.

best secured credit card

Both of which can raise your credit score with ontime payments but a secured credit card is known for offering better results when it comes to establishing a credit score and especially rebuilding a credit score, which credit card companies submit your history to 3 major credit bureaus each month, 3 great opportunities to raise your score each month.

How To Find The Best Secured Credit Card

The best secured credit cards even come with much more attractive interest rates and other fees compared to traditional credit cards. Shopping around is one of the best ways to find the best secured credit card for you but another great way is simply visiting your bank as they be more inclined to give you a good deal than doing business through a corporation who doesn’t know you, unlike your bank whom you are a customer out and build up a relationshiop with. But when looking for the best secured credit card you can consult our compiled list below can help you out when start your search, no matter who your are looking to obtain the card through.

  • Most importantly what kind of features does the card offer, and do they fit your spending habits. For example if you drive a lot then you want to fo for one that offers the best rewards for gas purchases.
  • Are you aloud to change your date of payment?
  • What are the yearly fees and interest rates? Sometimes companies offer lower interest rates but make it up in the amount they charge for yearly usage, or vise versa.
  • Can you switch over to a non secured account later on?

Now looking for the best secured credit card for you can offer you the chance to rebuild your credit score on a spending basis that best fits what you can afford to deposit, allowing you to not over spend and go into debt like you could with a traditional credit card that often come with higher lines of credit. Even if you do happen to miss a payment, it won’t hurt your credit score at all as the money you owe will just be deducted from the amount you deposited as a from of payment, still allowing you to get an ontime payment on your record. This entire process will allow you to build up your credit score which equates to you getting lower interest rates either through the company that provided you with the secured credit card as well as if and when you apply to different credit card companies.

Also in order to be eligible for a secured credit card all you need to have is proof that you earn an income as well as are at leat 18 years old. Lastly when you get the best secured credit card for you, remember that it’s sole purpose is really to raise your credit score, which you can do so by making small purchases and incurring small balances which will allow you to pay it off with ease each month so that you will have a perfect payment history on your record.

Best Credit Card For Airline Miles – How To Find One & A List Of The Best

March 31, 2012

Best Credit Card For Airline Miles

best credit card for airline miles

When it comes the best credit card for airline miles, these cards are just as it states, the best  for airline miles and not really anything else. They are great for those who travel and intend on using them to buy their plane tickets everytime they travel, which will eqaute to a myraid of flight miles piling up and you getting free flights, but they need to be used very often as if they are used sparingly the interest rates are way to high and you will not reap the benefits. Here are a couple tips that will help you find the best credit card for airline miles that caters to your needs:

  • You want to consider  how you like to travel. Do you travel alone or with your family as some offer costless tickets for companions, or certain upgrades like first class. Considering how you like to travel will allow you to find a credit card provider that really caters to what you are looking for and satisfy your needs.
  • Also keep in mind, when looking for the best credit card for airline miles that there are different point systems, being that some companies award points for certain shopping preferences like retail and grocery store purchases among other as well as points for generic purchases. You can try to find a program that awards more points for shopping at certain shops and stores that you shop at, allowing you to maximize your rewards points.
  • Is there a limit to what you need to spend? Some credit card companies have limits on what you need to spend in order to use your points, so find one that offers a minimum spending limit that is lower that the average of what you spend per year on flights.
  • What kind of interest rates do they have? Most of them have high interest rates, so if you tend to keep a balance they can be more of a burden, so either plan on paying it off each month and/or find one with the best interest rate if you to intend on keeping a balance.

The next section will provide you with information on the different types of airline credt cards and a list of some of the best credit cards for airline miles.

Different Types Of Airline Miles

Now the main type that people affiliate with airline miles credit cards are the ones that are sponsored by a bank or big brand name, which they are provided by financial providers and not flight companies. You basically compile points every time your puchase anything and those points can be used not only to buy plane tickets but they can be redeemed for any other prize that the rewards program offers. Now these can be great as you can use the points to shop around and find the best plane ticket prices, then go with the cheapest provider. One of the best credit cards for airline miles in this category is the:

  • Capital One No Hassle Miles (SM) Rewards Card

When looking for the best credit card for airline miles keep in mind that there are air miles credit cards as well as frequent flyer credit cards, which the frequent flyer cards can provide benefit to those looking for to fly with only one specific airline. If you are looking for something like this, a frequent flyer card can provide you with immense value as you can pile up points with your favorite flight company allowing you to stay loyal, as well as utilize it just like you would any other regular credit card as flight companies actually link up with brand name credit card providers like American Express, Mastercard, VISA and more. If you opt to use this best credit card for airlines option, there are a few drawbacks that you should know about, those being that you cannot shop around for the best prices when you want to use up your points as the points are only good for that specific flight company, as well as frequent flyer credit cards tend to come with both higher interest rates as well and larger yearly feees when compared to the likes of generic airline miles credit cards. As far as the best credit card for airline miles in this category, as few great ones include:

  • Chase Continental World Mastercard
  • American Express Jet Blue Card
  • Juniper US Airways World Mastercard
  • American Express Delta Skymiles

When searching  for the best credit card for airline miles just remember to read the fine print because so providers state that if you are late on your payments your airline miles points can actually be wiped away, leaving you with nothing after all your hard earned work.

 

 

 

How To Find The Best Small Business Credit Card For Your Business

March 24, 2012

Best Small Business Credit Card

Finding the best small bueinss credit card for ones business is often the first thought that comes to mind when one is looking for funding to get things rolling as well as at times when funds are needed to sustain the business. Business loans were popular years ago, but they are getting harder and harder to attain, some people are looking for other options, which good small business credit cards are becoming the best alternative. There are certain things that one needs to look for when searching for the best small business credit card as not all cards are created equal, which below are various different tips that can help you sift through the generic and get one that will coincide with what a small business needs.

best small business credit card

Finding the Best Small Business Credit Card

1.)  Introductory Periods – There are small business credit cards out there that come with anywhere from 6 to 15 months of introductory offers, which these offers range anywhere from a deferred payment grace period where they allow you to not have to pay any payments for a designated period to no interest at all among many others. Getting your hands on one that has 0% APR for the first “X” amount of months can provide you with the freedom of purchasing the neccesities for your business without having to worry about paying any interest at all, which even better will give you enough time to pay off the debt before the interest kicks in. These are just a couple examples of what introductory perks can include, but depending on your business needs, finding the best small business credit card for your company can be done by finding an introducory period offering what would benefit your business best.

2.)  Balance Transfer Access – This is also a big feature that you want to make sure that your small business credit card has if in fact you plan on transfering old high interest balances then look for a card that offers either a flat transfer rate or one that has a cap on the charge amount.

3.)  Rewards – Trying to find a card that offers rewards programs can really provide you with the best small business credit card as you can use these rewards and redeem them for cash, allowing you put your cash rewards right back into the business.

4.)  Low Interest Rate – Now this goes without saying as the best credit cards for small businesses are ones with the lowest interest rates. The best way to get the best interest rates on your credit card is to apply with the best credit score, which if you have partners in your business, all of you should do a credit check and find out who has the best credit score. Whoever has the best one should apply for the credit card, but needs to be a partner to be a cosigner.

5.)  Do A Background Check – This is one of the most sure fired ways of finding the best small business credit card, which you want to check different forums and blogs who have reviewed or are talking about the credit card that you have honed in on. This will allow you to get reviews from real people who have used the card already, providing you with valuable information that the credit card provider may not tell you.

One Of The Best Small Business Credit Cards

To give you a head start, one of the best known credit cards for small businesses is the American Express Business Credit Card which offered a 0% introductory rate for the first 12 billing cycles. Other perks of this best small business credit card option include:

  • Making a payment either in full or over time.
  • A Memebership Rewards Option program that one can apply for free for which offers a host of different rewards like airline points and hotel points among others.
  • A community program where you can network with other business owners as well as get expert advise.

 

 

 

Instant Credit Card Approval – Overview & Tips For Qualifying

March 10, 2012

Instant Credit Card Approval

The internet has really revolutionized the financial world, enabling one to have things fast, with anywhere from instant loans like easy loans to instant credit card approval, satisfying our need of having it “right now!”. These instant credit card approval opportunities can come to you in both the mail, by phone as well as by browsing various credit card providers websites, all of which can qualify you for a credit card literally within minutes.

instant credit card approval

Either method will lead you to the website which will present you the first portion of the process of getting your instant credit card approval, which instant is sort of a relative term as the process isn’t completed instantly, but very fast. But before you start the process of instant credit card approval, you should know that there are sites out there that allow you to compare side by side different instant credit card approval providers and their terms, allowing you to go with the provider that will offer you the best experience.

Once you have found the best option, all you have to do is begin the process which will consist of filling out simple personal aspects like your name, address, social security number, phone number as well as your place of employment. These applications are usually looking for a more permanent address from their applicants, like living in the same place 6 months or longer, but if you haven’t lived at your current location that long, then they may ask you to provide your previous address.

If you are weary about including your social security number during the instant credit card approval process, there is no need to worry as the process is secured and the only reason they need this is to check your credit score, which your credit score dictates your eligiblity.

Pros & Cons of Instant Credit Card Approval

You are now familiar with the benefits of instant credit card approval, that it can bring you:

  • Pretty much an instant line of credit
  • Credit card approval within minutes or less
  •  You can start using this card within a couple weeks, usually much less.
  • The other major benefit includes being able to enjoy these benfits as well great interest rates and terms if you happen to have a positive credit score, which even if you have a moderate credit score there are good chances elibility .

ow some of the negative aspects or instant credit card approval include:

  • Your credit score dictates eligibility, so if you have a negative credit score then you will either get rejected and have to work your way around to other companies until you are accepted, or you get accepted but due to your low FICO credit score then you will get bad terms and interest rates.
  • Getting rejected can affect your credit score, especially if you apply for another instant credit card approval offer shortly thereafter, as again these credit inquiries add up and look negative to a credit bureau.

Tips For Getting Instant Credit Card Approval Qualification

Due to the fact that your credit score dictates the outcome of your applicatoin for instant credit card approval, the best thing to do is to check your credit score before you apply, which will allow you to get a feel for what it is as well as present the opportunity to spot any errors on it. These errores can then be corrected and boost your credit score, which in turn will give you a better credit score which will provide you with a better chance of getting instant credit card approval as well as provide you with better interest rates if you are eligible. The law provides you the opportunity to attain one free credit score a year, so you can utilize the free check to try and boost your credit score through correcting errors.

What To Do If You Are Not Approved

Before you complete the process, be sure to read the terms and conditions in their entirety then click “submit”. If your credit score is good, then good chances are that you will be approved which you will know within seconds to at most minutes, and be able to get your credit card in the mail within days or a couple weeks. But if you happen to not be approved, there are two things you should do,

  1. The first being you will want to contact the credit card provider and ask them why you were not approved, as they can provide you with information that can help you next time you apply, or even offer you with valuable information that can equate to you actually getting instant credit card approval afterall.
  2. Next you can try to apply for other instant credit card approval offers, but not immediately, you will want to wait a few weeks or even monts because everytime you fill out an instant credit card approval offer, you are allowing the credit card provider to check what your FICO credit score is for eligibility purposes, which are referred to as “credit inquiries”. These credit inquiries can lower your credit score if there are to many of them at one time, so it is best to space out your application process for instant credit card approval offers. So considering this fact, try not to apply for multiple instant credit card approval applications at one time, just focus on one and wait for the outcome and go from there.

How To Get Out Of Credit Card Debt – 5 Methods

February 13, 2012

How To Get Out of Credit Card Debt

get out of credit card debt

When asking yourself how to get out of credit card debt, you may have drew a blank as credit card debt can be very overwhelming offering no light at the end of the tunnel. No worries as that is were we come in, as we have compiled as list of different tactics that you can use starting today, that can enable you to get out of credit card debt and put an end to it for good!

How To Get Out of Credit Card Debt Methods

Before we start start these methods that will allow you your own question of how to get out of credit card debt, lets agree on one thing which is from now on you stop using your credit card and only use it for emergency situations. By stopping the use of your credit cards for most or all your transactions, this will allow you to know just about what total of debt you will need to pay off as well as this total will not go up any more, which in turn means that you will end up having to pay off less and less in interest. Okay, now that we have got that out of the way, here are your how to get out of credit card debt methods!

  1. Snowball – First off, one of the most sured fired methods of debt elimination have to do with the snowball method, which is where you take one credit card either with the highest interest and/or the highest principal and pay a lot more than the minimum on that card, in which you pay only the minimum on the other. This debt relif method will allow you to focus on eliminating one credit card debt at a time, allowing you to not get overwhelemed, which after you have paid off the highest interest/principal credit card, then you move onto the next highest interest and/or prinical credit card and use this same get of of debt method again until they are all paid off!
  2. Minimum Payment – Since we are on the subject of minimum payments, do all you can to pay more than the minimum, as the minimum payment is evil and is designed to keep you in debt for the longest time possible. For example say you have $2000 that has an 18 percent interest rate which the minimum payment is 60 a month, resulting in a 4 year pay off. But if you chance your minimum to say double, at $120 a month your you can be debt free about 20 months. Now you are able to see how powerful this how to get out of credit card debt method can be.
  3. Save for retirement! When you start saving for retirement, you will get tax writeoffs simply for doing so, which you can use that extra money to pay off your debt and even take out what you have saved and use it to pay off your credit card debt.
  4. Do it yourself – You also can try to negotiate your credit card debt with your bank or creditors through the likes of negotiating lower interest rates which in turn will let more of your monthly payments go towards paying off your principal instead of just covering the interest rate and maybe a bit more. The best way to negotiate better interest rates is to present to your creditor a sort of run down of your monthly expenses and what you are able to pay. This methods of how to get out of credit card debt also can include do it yourself settlement if you are able to pay one large payment, in which one can often be able to negotiate the lump sum payment some times half or less than what the original principal was. During this time of transferring your debt to the introductory lowe interest rate card, you will want to continuing paying your monthly dues to your creditors until the process is finished.
  5. Balance Transfer – Many banks offer you the opportunity to obtain a 0 percent interest credit card, which will allow you to tranfer all of your debt to that one card for a certain amount of time, usually for 6 to 12 months which is the time where you will want to pay off as much of that debt as possible.

If you are considering professional assistance when questioning how to get out of credit car debt, for consolidation and/or negotiation, it can be a good thing but can be pricey, but if you are unable to do it yourself these professional companies are very valuable and can assist you in not only getting out of debt, but equipt you with methods that help you not go back into debt. Success is not gauranteed this way but if you go with a professional debt elimination company, be sure to check if they are a good company, which can be done by contacting the Better Business Bureau and checking with them. If you have over $10,000 in debt seeking professional assistance is advised and can work to your benefit as many debt elimination companies offer assistance to those who have over $10,000 in debt in the form of the Obama creidt card debt relief program, which offers federal funding that offers the opportunity of having your debt total reduced by 60 percent.

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