How To Get A Credit Card – 3 Guidelines
The number of credit cards issued each day continues to escalate. Numerous people around the country seem to appreciate the increased convenience of doing online shopping and business. These cards are very important when one has to make payments involving large amounts of money. Credit cards are therefore, ideal for travelers, students, online merchants, homeowners, car buyers, individual shoppers, and so many other users. In the U.S, credit applications are not very complicated. If one wants to get a card, however, he or she must establish or reestablish a good credit history.
U.S. card issuers will surely investigate a customer’s financial status VCC buy . The three accredited consumer credit rating companies – TransUnion, Experian, and Equifax make this investigation almost effortless. Therefore, any aspiring customer looking to apply for a card must reflect on their credit score issue. Many first time applicants find themselves wondering how to get a credit card. Is any one feeling stuck on the same issue? The following tips and guidelines will hopefully help many interested applicants get started.
Having a credit card has many advantages. There is no need to carry cash and it is possible to make a purchase even when you do not have readily available cash with you. At times it may happen that you start on a buying spree and eventually find out that you do not have sufficient cash to pay your bills. It can also make a lot of difference if you happen to be in a foreign country and find yourself suddenly short of cash, and unable to pay even for daily needs. A credit card can save you lot of hassles in such instances.
Carrying a large amount of cash can be dangerous, especially if you are moving in a crowded place. It can be equally, if not more, dangerous when you are alone and passing through an unfriendly neighborhood. With cash, what you lose is lost for ever; whereas in case of loss of a card, the replacement is just a phone call away.
Another benefit of a card is the facility to avail loan. Most companies provide you sufficient time to pay your bill. They also let you avail loan, though for a short-term. Most cards can also be used to withdraw cash for immediate requirements.
A hotel rewards credit card is to the traveler as peas are too carrots. They go together hand in hand. However, there are all sorts of hotel rewards cards on the market to choose from with a variety of features as well. Each hotel rewards credit card offer provider has features that make it unique as well as features that are common amongst all the cards. Some credit card offers have 0% introductory offers, balance transfers, regular APR, late fees, over the limit fees as well as different rewards features. It is very easy to get confused when you apply for a rewards credit card offer if you do not know what features to look for. Furthermore, each card issuer has its own terms and conditions that cardholders must abide too. Before you apply for any rewards credit card you should looking into the following.
One of the most important things that you should know before you apply credit card is going to be your credit score. Individuals with better credit will qualify for the rewards card offers on the market. Your credit score can be obtained in a variety of ways. You can request once a year for free your score from the three reporting credit bureaus. It is recommend that you monitor your credit score on a regular basis. It will not hurt your score if you make inquiries. You only damage your credit score when potentially new creditors inquire into your credit history indicating that you are going to be spending money. Those with a lower credit score will qualify for a higher interest rate hotel rewards credit card or if your credit is bad enough you might not qualify at all.
The next most important feature that needs to be looked at in a rewards charge card offer is the interest rates. Interest rates vary according to your credit worthiness. If you have good credit, as stated before, you will get the best interest rate. The other thing that needs to be looked at is the introductory offer versus the regular APR. Many credit card providers will entice new customers by offering an introductory offer with no interest for a specified amount of time. Be aware that the no interest offer is only going to be for a few months or a couple of years at most. Also, be aware that any unpaid balance at the end of the trial period will immediately accrue interest. Also you need to check how the offer works for both balance transfers as well as purchases. Many rewards offer issuers will give you more free time on purchases or more free time on balance transfers or vice versa. If you plan to use the card for purchases than be sure and look for a rewards credit card offer that grants the most time for free interest on purchases.
The next most important feature that should not be overlooked on any hotel rewards credit card offer is the rewards offer itself. If you are a traveler you will want to find a card that offers the best deals for hotel savings. For example the American Express Starwood Preferred Guest Card allows you to earn points that can be used at participating Starwood resorts. The Starwood Preferred Guest Card allows you to earn points that will qualify you to earn a free stay at a five star Westin Resort. The Marriott Rewards Premier Credit Card from Chase allows you to earn free points that can be redeemed at exquisite Marriott Hotels and Resorts worldwide.
Always pay your hotel rewards credit card offer on time or you will run the risk of losing your rewards points. That is correct, you will loose your points if you pay your bill late. This would sabotage the whole purpose of having a hotel rewards credit card in the first place. Budget yourself well and you will not have any problems paying your bill on time. On the other hand, if you go crazy with your card and are not able to pay the bill you are not going to be able to reap any of the rewards benefits at all. As a matter of fact, you will more than likely have your interest rate raised for an indefinite period of time. Read through the terms and conditions thoroughly to make sure that you understand what is being expected of you. If you do not understand the first time, read through them again or get someone to explain to you what all the details mean.