How Do Secured Credit Cards Work?

secured-credit-cards-15A secured credit card can be a great option for you to build your credit history while enjoying the conveniences of using a credit card.

 

Start by looking specifically for a secured credit card to apply for. If you apply for a regular credit card and get a denial, some lenders will offer you a secured credit card, and some will just deny you and leave it at that. …
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Smart Credit Card Habits

smart-credit-habits15By using credit cards wisely, the consumer can get the benefits of using a credit card without the hassles and expenses that may come with using a credit card.

 

Spend Responsibly
A credit card can really come in handy for regular spending and for the occasional unexpected expense. But a cardholder who regularly treats their credit limit as extra income is likely to end up buried in a mound of debt.…
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Credit Scores and Cards

credit-scores-impact15Credit scores range from 300 to 850 and higher is better.

 

Generally, a credit score of 720 or higher is considered an excellent credit score and applicants may qualify for credit cards with no annual fee, a low APR, and generous rewards. Depending on income, credit limits can be very ample.…
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Know Your Credit Score

what-is-my-credit-scoreIt’s a good idea to know where you stand in the eyes of creditors before applying for a new credit card or any other type of credit.

 

Your credit score is the three-digit number that uses information in your credit report to summarize your credit risk. Credit scores range from 300 to 850 and higher is better.…
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Keeping Up with a Good Credit Rating

credit-rating15Getting your good credit rating was a gradual process. It took years of responsible debt management to finally put you in the low-cost credit club.

 

Lenders and credit card issuers are delighted to receive a credit application from you, and you’re very likely to get the best deal they offer.…
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Subprime Credit Cards

Sub-prime credit cards are geared towards consumers with a poor credit history and offer consumers a chance to improve their credit rating while enjoying the benefits of using a credit card.

 

On the spending side, sub-prime cards work the same way as a prime card – simply swipe, sign, and go when making purchases.…
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Credit Card Costs and Benefits

credit-card-cost-benefits15To choose the right credit card for you, consider your credit history and the costs and benefits associated with each card.

Annual Fee
The annual fee of a credit card may be anywhere from zero dollars to several hundred dollars per year. The better a consumer’s credit history, the more likely they are to qualify for a credit card with a low annual fee or no annual
fee.…
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Credit Card Safety

Carrying around wads of cash can be very risky – if cash is lost or stolen it is likely to be gone for good. Credit cards offer a safe way to manage personal finances.

Manage the risk of loss
It’s always a possibility that a credit card or an entire wallet full of credit cards is lost or stolen.…
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