Information Center – News and Articles about Credit Cards
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Improve Your Credit Score Before You Apply for a Credit Card
May 28, 2007
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
06:24:02 AM Thursday, August 21, 2008
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)
05:33:37 AM Thursday, August 07, 2008
We know credit cards as a finished product. A credit card for us is a plastic card with certain features and options. But have you ever wondered how a piece of plastic and the idea of a new credit card product merge and turn into another cash back, low APR, business, etc. credit card prepared for use? Do you know what is developed and produced first - a plastic card itself or different features and terms of a credit card program?Credit card manufacturing is a complicated process. And you will barely ever get a chance to watch the complex work of professionals producing the cards. Credit card processing center is a closed establishment with limited access. But we can reveal some of the credit card manufacturing secrets to you.View full story... Comments (0)
04:28:06 AM Thursday, July 24, 2008
Citi and Banamex USA have teamed up to launch a new co-branded Citi Banamex USA credit card at Citibank financial centers, situated in Texas, USA. The card offers a pilot program, through which Citibank card holders can grant a shared credit card to a relative or friend living in Mexico with a bi-national credit card program provided by Banamex USA.This offer is available through 8 Citibank financial centers that work with Citi Microfinance and Banamex USA in Texas. Learn more about this offer's features and options. Does this bi-national card give bi-profit? Keep on reading and you will figure it out.View full story... Comments (0)
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