Zero Credit Cards

Credit card companies do face a lot of competition these days – with each bank knowing that they make a lot of money from interest charges, annual fees, late payments, and the like. Because of the stiff competition, however, some of the card features that are now available on reward credit cards can really bring great benefit to you. You do not have to let the bank line their pockets with your hard-earned cash every month. Here are some of the options that will provide some of the greatest benefits.

o0% Interest

The best reward credit cards will start by offering you 0% interest on both your balance transfers and your purchases. If you look at the interest that you pay on your current credit cards, you could save that amount each month by transferring your balance to this kind of card. Before you just sign up, however, try to avoid transfer fees that might apply, some as high as 5% or higher on the transferred amount.

Another factor to consider is how long the 0% APR lasts on the particular reward credit cards in question. The 0% APR is only for a specified time, anywhere from 3 months up to 15 months. Also, you will want to check and make sure that the 0% APR is for both balance transfers and for your purchases. Many cards will give you one or the other, but there are some that will offer both.

The Rewards Being Offered

The very best reward credit card offers now offer more and more rewards – which means it is a good time to get one. Here are some of the rewards you can get.

oAir Miles

Travelers can greatly benefit by getting air miles credited to their card. Most reward credit cards give an initial amount of air miles – possibly up to 25,000. Then air miles are earned according to each dollar spent. Some give points per dollar spent, and others give miles per dollar spent – or a similar arrangement. One company even allows family members to pool their air miles together! The best kind of rebate credit cards will allow you to use your air miles with any airline. These kind of cards are issued by banks, rather than the ones offered by the airlines. Watch out for air miles that could expire after a certain amount of time – you don’t want to lose them.

oRebates

Other credit card rebates allow you to earn points for every dollar that you spend. These are often divided into two groups. The one that earns the highest benefits, anywhere from 1% up to 6%, are for your purchases of groceries, gas, and medicine. Most other purchases will fall into a lower category – usually from 1-3%. These points are often redeemable through cash, merchandise, and travel benefits such as hotels and restaurants, or gift certificates.

Some business reward credit cards enable you to get rewards for many of your business purchases, including office supplies, travel expenses, car rentals, and more. Some of these will give an initial 10,000 points after your first purchase. If you have your own business, or use credit cards often for your business, a rebate card could bring you a great way to save on expenses, as well as offer a simple way to keep track of all of your expenses – all on one monthly statement.

Reward credit cards can really be a great tool to save some money throughout the year. Avoid cards with an annual fee, which could be as high as $180.00 and beyond. A single late payment, on most cards, could also take away your benefits and set you into the regular rate of interest – or higher. The maximum benefit that can be derived from any reward credit, however, occurs when the balance is paid off IN FULL each month when the bill is due. Otherwise, finance charges will squash any benefit that you might receive from those reward points.

For more information on different types of rewards credit cards, Robert Alan recommends that you visit CreditCardAssist.com

Lucky you! You got a pre-approved credit card offer in your mailbox! Zero interest for six months on new purchases! Transfer those balances from high-interest cards (for a small fee) and save!

Before you fill out that credit card application, however, you may want to consider how pre-approved

cards can actually hurt your credit score. Here are the good, the bad, and the ugly truths about pre-approved cards.

Preapproved cards: The good

Responsibly using credit cards is one way to build a good credit history. As you pay your bills on time and manage debt wisely, you prove that you’re a good risk, which will be reflected in your credit score. A good score is the gateway to better mortgage terms and lending offers.

Preapproved cards: The bad

However, your payment history is only part of the credit score picture. The national credit rating companies (TransUnion, Equifax, and Experian) also look at how frequently your credit rating history is accessed by lenders.

Pre-approved credit card offers come in the mail because some lenders purchase your credit history from these national rating companies. These lenders review thousands of histories and market cards to people who fit their lending profile. Ordinarily, this review doesn’t affect your credit score.

Nevertheless, everything changes if you fill out the credit card application form. If you respond to pre-approved card offers, the same lender that profiled your credit history will do so again, and this time the review does hurt your rating. Furthermore, a credit inquiry will remain on your history for one year.

· Don’t apply for more than one pre-approved card at a time. Every time you fill out the credit application form, you drop your credit score by a couple of points. If you must get multiple pre-approved cards, don’t apply for more than one per year.

· Don’t apply for pre-approved cards if you’re planning to buy a house in the next 12 months. When you shop for mortgages, every point on your score counts.

Preapproved cards: The ugly

Sometimes, those pre-approved credit card offers give you a little more than you expected. Identity thieves and con artists often send out phony pre-screened credit card offers so they can hijack your identity. Once they have your personal information, they can apply for real credit cards and rack up charges in your name.

Protect your score

Fortunately, you can protect your score and shield your personal information from unauthorized use with FreeScore. Shred pre-approved card offers. They hurt your credit rating and can open the door to identity theft. If you want a card, your best option is to apply for one through your bank. You’ll tend to get better rates and a little more peace of mind.

http://www.freescore.com

If you are looking to add a new credit card to the selection you carry with you and use, you will want to compare cash back credit cards to determine which offer the greatest flexibility in use for the best price. Credit cards with cash back offers allow consumers to receive money back for making ordinary daily purchases utilizing their cards.

When you compare cash back credit cards, you will want to see what fees might be required. Annual fees are common for using most cards, although some cash back credit cards waive the annual fee entirely. There will also be finance charges listed in the terms for each offer. These include the interest you will pay if you carry over a balance on the card from month to month. The interest may be a fixed or variable rate, so be sure to read the terms carefully. If you go to an ATM machine and take a cash advance from your credit card, you will have fees to pay for utilizing that service, so check out the terms to see what the specific fees are.

You will also want to compare cash back credit cards’ terms for the length of the grace period. The grace period is the time when you can pay your credit bill without incurring an interest charge.

If you know you will carry over a balance from month to month, then you will want to compare cash back credit cards for their APR, or annual percentage rate of interest charged. As mentioned above, the rate can be fixed or variable. There are usually enticing introductory interest rates that will apply to your balance for a certain amount of time, then the listed APR will be used.

When you compare cash back credit cards [http://www.consumercreditoutlet.com/card/cashbackoffers.html] you will also need to think about where you plan to use the card. If you use your cards solely for travel and dining, you will prefer a card that offers rewards in those areas. The same could be true if you shop at the same places of business repeatedly. Sometimes house cards are offered with cash back rewards. House cards can usually only be used at that one particular business, be it a department store, a gas station, or other type of business. But if you shop there a lot, using these cards might save you significant money.

Some cash back credit cards [http://www.consumercreditoutlet.com/]‘ terms offer flexibility in where you can use the cards and earn reward points. This might be extremely important to you if you travel to different cities a lot. Bank cards, such as Visa and MasterCard, can be used around the world.

Credit cards with cash back rewards can help you earn while you shop, something that usually cannot be done with a cash purchase. Make sure to compare cash back credit cards [http://www.consumercreditoutlet.com/] to find the ones with the best terms that will meet your specific needs.

Susan Slobac is a personal financial advisor. She specializes in working with individuals to improve their credit rating, build assets and maximize the benefits of cash back credit cards.

Your credit score and credit card use are closely intertwined, with both effecting each other profoundly. The way you use your card can affect your credit rating for good or for ill, depending on how responsibly you use it and how prompt your payments are, but in this article we’ll be looking at how things work in the opposite direction, that is how your current credit score influences the kind of credit card you can expect to be approved for.

If you have an excellent credit rating then the whole range of cards on the market is available to you, providing that you meet minimum acceptance criteria such as salary level or residential status. You can expect to achieve a headline grabbing low interest rate, even within the single figure range, and you’ll be showered with extras such as cash back, rewards programs, balance transfer deals, and interest free shopping periods.

These kinds of deals are aimed at the financial elite among the population, and as you’d expect, most of us will have to settle for something a little less luxurious. If you have a decent but not outstanding credit score, with no major black marks such as defaults, then you’ll be able to choose from one of the mid-range cards. These cards will tend to offer generally unexciting features across the range, while boasting one or two stand-out features to attract attention. An example would be a card with a great cash back rate but a fairly high standard APR, or a card with an outstanding balance transfer offer but nothing in the way of rewards or cash back.

As we go further down the range of credit scores, the number of attractive features gets less while the standard APR gets higher. It also becomes harder to be approved, and applications for the cards in the best buy tables become more or less pointless. That’s not to say that there are no decent cards at this level, but you will have to look around a bit harder to find attractive features and low rates.

At the bottom rung of the credit card ladder we have cards specifically aimed at people with poor or no credit ratings. These cards charge extremely high interest rates, often in the region of 30% or even higher, and offer no extra inducements such as balance transfers. They will also tend to have a low credit limit, but with such high rates this is no bad thing – you’d want to avoid running up a debt in any case.

These cards are mainly beneficial for enjoying the convenience of a credit card while using it responsibly to build up a more positive credit profile for future applications for a better card.

If even these specialist cards are out of your reach because of a severely damaged credit rating, then this doesn’t have to mean you can’t carry plastic at all – there’s still the option of a secured or prepaid card which you need to load with funds before you use it. This of course means that they are not actually credit cards at all, but as they can be used in more or less the same way, they have many of the benefits in terms of payment convenience.

Michael writes for Card Sense, where you can compare the best credit cards with the most impressive range of features, along with bad credit credit cards which are much easier to be approved for.

Finding the best business credit cards is all about what is current and happening right now. Many people may think they are offering you good advice because they worked in business for 20 years, but retired five years ago. Many times, their advice is no longer valid in many aspects of current business because so much has changed from five years ago in the business lending environment. Even six months can make a difference in the world of business and the best routes to take. For example, many people who worked in business might suggest that you go to Bank of America for unsecured business loans of credit if you are trying to get a new business started. This is only a valid option now if you have an established business that can show income verification from the past two years or more.

At this particular time, there are banks you can expect the top corporate credit cards from, but they could change again. That is why it is important that when receiving guidance on the topic that you work with someone who is in the current world of business, out there working for a living right next to you.

Furthermore, when you obtain a current list of banks and lenders, do not simply apply to everything out of thin air. There are tricks of the trade that can help you build your business credit profile the right way and get approved.

First it’s important you understand what the terms/conditions of the cards are. They are lines of credit with the name of your corporation attached to them that will not reflect upon your personal credit. What you do with your money on a personal level and for your business are completely separated with the use of a business credit card. This is as it should be. In fact, utilizing a business line of credit can help you pay off personal debt and help you appear virtually “debt-free” to lenders as a result.

Other than applying for the best business credit cards, it is a wise idea to learn how to attract companies to offer you unsecured lines of credit. You can accomplish this without income verification, seeing as your new business will not have any income to show yet. The game of attracting business credit card lenders is the similar as personal credit cards. If your credit score is 720, you will get many offers for a new credit card. If it is closer to 540, there will be no offers in your mailbox. By building your business credit score, you will receive more offers. You can establish good business credit the same way as personal credit-make payments on time and build positive trade lines.

There are a few credible companies that you must be invited to in order to become a customer. Chase recently made such changes so only the highest credit holders can obtain the best business credit cards offered by them. However, banks like PNC, TD Bank, Wells Fargo and US Bank are still offering low APR Cards and these cards show on your business credit report (seperate from your personal credit), making them the Best Business Credit Cards.

PNC – PNC has 4 credit cards they offer to small businesses. Points Card, Travel Rewards Card, Visa Business (lowest APR), and the Business Options Card (your choice of 3 rewards programs).

TD Bank – Has a card that is called Simply Flexible Business. The more you pay each month, the lower your APR! The other card they offer is the Easy Rewards Business (accumulates points).

Wellsfargo – WellsFargo is the best option for obtaining a business credit card. This is because they have recently expanded to the east coast (of the US) and are aggresively lending. They have two options; a platinum card up to $50,000 line of credit and a Elite Card that offers credit lines up to $100,000.

US Bank – offers 6 different options, ranging from Cash Rewards to points to regular platinum card with lower APR (no point accumulation).

More important than ever before is structuring your company’s business credit profile correctly to get approved by banks in today’s market.

For a comprehensive list of the best business credit cards today, tips on getting approved and for more lucrative business facts, please visit http://www.businesscreditworkshop.me

Written By: Joe Lawrence, Business Credit Workshop