Information Center – News and Articles about Credit Cards
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Improve Your Credit Score Before You Apply for a Credit Card
Before you search for a credit card or apply online for a credit card, you want to make sure you’ll get the best possible deal. If you want the lowest APR credit card, or a credit card with no annual fee or a really good point reward card, you need a good credit score. It will take a little time, but here’s how you can make sure your credit score gets you a good credit card:
Check your credit report and know your score. You can get a free credit report once a year from each of the three major credit reporting agencies, but you’ll have to pay a small fee to have your credit score included. It’s worth it.
Be sure to get reports from all three agencies (Equifax, Experion and TransUnion) and check them carefully for errors, which frequently occur. You should check your credit reports at least annually. Correcting errors is easy, and it makes a difference in your credit score.
To get a really good credit card deal, you want your credit score to be 720 or higher. A score of over 620 is considered good, though.
Close credit card accounts you don’t use. It’s pretty common to discover that you have an open credit card account on your credit report that you thought was closed. You may have paid it off or transferred the balance and assumed that since the balance was zero, the account was closed. These accounts lower your credit score because you could have available credit on them. Also, having too many accounts just looks irresponsible to lenders.
Before you apply online for a credit card, make sure you close all accounts that you no longer need. Write, don’t call, so that you have a record of what you’ve done.
Pay down your credit card balances. While you’re working to improve your credit score, pay the balances down on your current credit cards and other debts. Lower balances improves your credit score. Your best bet is to pay off your credit card balances in full every month, but at least try to get your balances down to less than a third of your credit limit.
Don’t apply for credit cards until you’re ready. Even if you get pre-approved credit card offers in the mail, don’t apply until you’ve done everything you can to make sure your credit report is accurate and up to date. Each inquiry into your credit score counts against you, and lowers your score.
When you’ve done your homework and you’re ready to apply online for a credit card, decide what kind of card you want. Are you looking for the lowest APR credit card, an airline miles credit card or a point reward card? Consider the various options, and decide which ones are most important to you. Then you can do a credit card search to find the ones that offer most of what you’re looking for. Now you’re ready to apply online for a credit card.
News about credit cards
Credit card companies constantly develop new credit products and rewards programs. This way they want to attract new customers, keep current loyal clients and encourage them to use their products more often. Another promotion from Visa is taking place this fall and winter. Using your Visa enrolls you in NFL sweepstakes.
Starting from September, 1 throughout December, 31 every time you swipe your Visa card, you increase your chances to win an inside pass to Super Bowl XLIII, the 2009 NFL Pro Bowl, as well as to a 2009 Playoff Game. Plus you can get a chance to hang out with one of the NFL player at every event.View full story... Comments (0)
It is not just Hollywood celebrities, popular rock stars, models and other publicity persons that America admires. Businesses are not left out either. Every year Fortune magazine publishes a top-list of the US companies that performed better than others. "America's Most Admired Companies" are chosen by independent experts and surveyors of Hay Group.
In order to choose the top ten companies from different industries, experts carefully study the companies' activity on 8 criteria. They are quality of products and services, quality of management, financial soundness, innovation, people management, long-term investment value, social responsibility and use of corporate assets. Wonder what companies hit the charts this year?View full story... Comments (0)
Some 50 years ago an ordinary person could not imagine that half a century later very few sale operations will involve cash money. But today everything is just the other way round. Few people would step outside without a little plastic in their wallet. Credit cards are a frequent and welcome guest at any store or supermarket.
Credit cards invaded our life. They have become omnipresent. But this sort of coexistence is pleasant for cardholders, as plastics make our life more convenient and give us more opportunities. But credit card companies decided to go further. It seems they want to turn plastic cards into a person's best friends. People and credit cards can become a finger and thumb. Now they can be inseparable even in the air!View full story... Comments (0)
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