Find The Best Credit Cards Companies
You may deal with a lot of negativity when you experience being bankrupt. At the same time, your credit score also suffers. This is because once you decide to declare bankruptcy, your credit rating may sink for as low as 220 and this may last for more than seven years. If your score used to be ‘good’, it will definitely become ‘poor’. With this, you will no longer enjoy cash back rewards, low interests, and high credit limits. It is important to note that even if you have decided to file for a Chapter 7 or 13 bankruptcies, you should not cease using credit. You will be able to let lenders know that they can trust you by showing them that you are doing what you can in order to rebuild a good credit score by way of repayment and regular spending. It is of the essence to find the best credit cards with which you can still qualify. Here are the best ones that you can find:
One of the best credit cards that you can use is The Account Now Prepaid Visa Card. It is really ideal because it forwards your spending history to a bureau that monitors credit. You have the option to load it with up to $5,000 in a day without any charge. You can also use it to write checks online. Because the card does not have any balance, it is the best choice for those people who are afraid of having debt again.
The Orchard Bank Classic MasterCard is another credit card of choice. It is one of the best credit cards for people who have fallen into bankruptcy. It is considered to be a good spending tool because it enables you to opt for your own date of repayment. They also remind you of approaching dates through text messages or emails. They also have a help line that is readily available any hour of the day. Aside from that, they also have protection for zero-liability fraud along with emergency card replacement. These features will help keep you secure while you continue to rebuild your score.
Another excellent card is CreditOne Platinum Visa. This platinum status will surely boost your morale. More importantly, it can help you rebuild your credit score. This is one of the best credit cards because it will report your purchases to primary credit monitoring bureaus on a monthly basis. It also offers travel accident insurance. As time goes by, you’ll notice that your spending limit will go higher.
Those are the best credit cards that you can get after bankruptcy. Certainly, you will be able to start a new beginning with these cards.
The Simple Process of Choosing the Best Credit Cards
Credit cards can be excellent financial tools or a negative cause of financial woes. This all depends on your knowledge and how you use it. In my case, I strongly believe that in the hands of a responsible user, it is a very effective financial tool. With the best credit cards, there are so many positive things that can happen. Here is the simple process that can guide you in choosing the most ideal credit cards.
First of all, when choosing the best credit cards,it is very important to read and be aware of the terms and conditions of the card. The providers are obligated to offer all the information about the card in a manner that can easily be understood by people. Aside from that, you have to see the card’s features. For instance, you have to check everything from the annual fee, APR, grace period, rewards and many others.
You should be aware that the best credit cards are usually the ones that do not have an annual fee. Even if the annual fees will give you the chance to enjoy certain rewards, I think that at the end of the day, it just makes you incur unnecessary expenses. Since there are other fees that you have to pay for as you use the services of the credit card, having an annual fee to pay for will just add up to your expenses.
When choosing the best credit cards, it is very important to consider the grace period. Great credit cards offer you with grace period. This is the amount of time that is interest exemplary. By paying off your balance within the span of this period, you will be able to save yourself from incurring interests.
You should also analyze the reward programs. You should know that the best credit cards offer you with rewards that are not confusing. There are some companies that seem to play games in terms of giving reward points. For me, great credit cards offer cash rewards, which I believe is the best form of incentive. Also, their rules about making points are not confusing.
Getting your hands on the best credit cards is very advantageous. For sure, you will be able to accomplish so many things and you’ll enjoy a lot of financial benefits. You can be certain that things will go smooth just as long as you carefully choose the credit card that will be suitable for your lifestyle and spending habits.
The Best Credit Cards: Find The Perfect Match
When it comes to the best credit cards, it is of the essence to find the ones that match your lifestyle as well as spending habits. This is because there are also various kinds of credit cards. There are some that offer the lowest interest rates, and the same time, there are also ones with annual fees and excellent rewards. To make sure that your finances are in check and your spending is on track, it is significant to find the right card for you. Cannex has made a research and found out that there are four types of users of credit cards. By knowing each of them, you will have an idea about what kind of spender that you are. With this, you’ll know which card is the perfect match for you.
The Big Spender – Unlike other people, the big spender uses credit cards in order to make really big purchases. In addition, they have enough money on in the bank that allows them to adequately pay their balance completely every month. For this kind of individual, the best credit cards are the ones with annual fees. Despite having fees that have to be paid for every year, they are very generous when giving rewards to clients that may include: travel rewards, gift certificates, cash back, and many others.
Every day Spender – This kind of credit card user utilizes the card on majority of purchases for every day. Though they mostly use their cards, they have enough money that comes from their paychecks. Almost each month, they are capable of paying the balance fully, but there are also occasional instances when they have a small balance carried between months. Because they are consistent in paying their monthly bills, it should be noted that the interest is not that relevant.
Habitual Spender – This is the kind of person who spends more money as compared to what they can afford on a regular basis. Due to this, it is very common for them to carry their balances over. Their balances usually revolve from one month to another, causing them to pile up. This occurs because they do not have sufficient funds to pay the complete amount of their balance. For this reason, the best credit cards for them are the ones with low interests.
Impulse Spender – This kind of credit card spender uses the card to buy items on an impulse. These kinds of spenders also typically carry balances from one month to another. For this reason, their interest adds up to their balances. The best credit cards that are advisable for them are the ones with low interest rates.
Using the Best Credit Cards To Your Advantage
The importance of finding the best credit cards should always be highlighted. If you get to find the ones that match your spending style, then you are almost sure that everything will turn out fine. However, you should not forget that you need to take advantage of those cards so that you’ll be able to use them in the most ideal way. Here are some ways that will allow you to use the best credit cards to your advantage.
The first step in maximizing the best credit cards is coming up with a budget – You will be able to maximize your spending and finances by having one. This means that you need to create a plan. If you are making a spending plan, see to it that you are not overrunning your income. List all the expenses that you have to pay every month.
The next step is for you to plan ahead. You should then make up your mind: which of the best credit cards are you going to use for rewards? You should think about the credit cards that can help you achieve your goals. If you are looking forward to getting cash, choose the ones that have great cash back programs. On the other hand, if you’re the kind of person who loves traveling, choose a card that will help your rack up miles that you can use later on. When you are already sure about what you want to use the card for, this is the best time to put your purchases on the card. You should buy groceries, pay for your utilities, and have online purchases using the credit card of choice. With this, you will be able to rack up points. Just see to it that you are staying within your budget.
The third step in using the most out of your credit card is paying your balance every month. This is to avoid carrying a high interest rate. When the interest rates are too high, any points or rewards will be offset. Adhere to your spending plan and budget so that you will not be in debt.
It is very important to always remember that you have to pay off your debt prior to anything else. This plan will be effective if you do not have any prior debts. Simply put, you have to make sure that you don’t have any debt when you try to put this plan in action. With all these, the best credit cards will be put to good use.
Choosing The Best Credit Cards For You
It’s very common to hear about best credit cards that are new and improved. In connection to this, almost every day, you get offers for a brand new credit card application. Today, credit cards compete so that they will be able to offer services or features that are favorable to consumers. It is very interesting to note that consumers truly benefit from all the increasing perks that they offer. However, it is important not to forget that there are several people who have been in debt because they were not able to choose their credit cards wisely. This means that you have to be very cautious in choosing the best credit cards for you.
First of all, you have to be in control. You have to know that your choices of the best credit cards are not limited to the mails that you receive. There are also other credit cards and you will be able to know them by looking at finance magazines, the Internet, and newspapers. It will be to your advantage if you can visit various websites where there are complete lists of the rankings of credit cards. Choose sites that include reviews from genuine credit card holders. With their feedback, you will have an idea about which card is able to meet the needs of the clients and which ones do not deliver.
In choosing the best credit cards, it will certainly help if you will read and understand the fees, terms, and APR. You should not sign up on anything unless you have a clear understanding of the terms and conditions. Be sure to read them, and pay close attention to every detail. If you read everything, you will be able to know whether or not there is a grace period and you’ll be familiar with the minimum finance charge, annual fees, late fees, and transaction fees.
Finally, you need to familiarize yourself with credit cards’ features and which of them are really applicable to you. You should know which card you will be qualified to get: reward/rebate, regular, and secured. Also, do not forget your intention when using the card. If you are planning to pay your bills completely every month or have a balance, there is a kind of credit card that will be perfect for you.
Choosing the best credit cards is not that difficult when you know what you are looking for. By doing this, you will be able to manage your finances effectively and avoid being sorry in the end.