You know what type of credit card or loan you should apply for based on your credit score. But out of all the credit options for people with bad, fair, good, or excellent credit, which is perfect for you? Here's some tips to help you know solution will be the most effective for you:
Decide what you need.
Do you want to pay off all your card balance each month and earn rewards or cash back on what you spend? Rewards cards are great, but you may have a balance that has built up on your card and you want to pay as little interest as possible while you clear it. In this case, 0% interest cards may save you more money than you would make with a rewards card.
Rewards vs. APR
Rewards offer something for nothing, but they tend to come with high APRs. So if there's ever a chance you won't pay your balance off, or your circumstances change and you don't switch cards, it's easy to spend far more in charges than you ever made from rewards. In these instances the APR is key.
Getting Out of Debt
Some cards offer 0% balance transfer fees, and 0% interest for the fist few months. If you are paying interest on a previous debt, balance transferring to a credit card with these options may help you get out of debt sooner. Another way is debt consolidation; Americans saved over 20 million dollars last year using debt consolidation firms. Overwhelmed by your debts? Consolidate and save! Start with a free consultation. Click here.
Car Purchases
If you are making a large purchase, like a car, make sure that the APR on your credit card or loan is low. Also, try a card with 0% balance transfers and switch your purchase to a card with no interest. If your large purchase is a car, you may not have a high enough credit limit on your credit card. But there are many great loans out there for cars, that are guarenteed approval and will help build your credit score. Need a new car AND worried about your credit? Click here
At Find a Credit Solution we offer a variety of credit solutions for our consumers. Choose a category, then compare credit card offers to find the perfect repair for your needs. Apply online with our secure application system and start building your credit today.
We offer free credit checks so that you know what your score is and can apply for cards that you'll be accepted for. Also, we offer mortgages, loans, free debt help, tax help, and auto financing.
Want to guess what your credit score is?
Here are some hints to let you know what your credit score probably is and what type of credit cards you should apply for:
If you are under 21, even if you have never had credit before, you will not be able to get accepted for certain cards, unless you have three years of great credit history. Apply for cards in the "fair credit" range. If this applies to you,
Fair Credit credit cards are some great cards that you will be accepted for, and have great benefits.
If you are over 21, and have had perfect credit since you were 18, have made no delinquent payments, and have never had a bankruptcy or charge off, you should apply for a card for people with good credit or excellent credit credit score range. There are many great reward credit cards for you.
If you have bad credit, you may want to apply for prepaid cards.There is no credit check to get these cards. Also, they start building your score once you use them and help you regain your good credit status, so eventually you can apply for other types of cards. Apply for unsecured credit cards if you would rather get a card for people with poor credit. You can't get turned down; everyone gets accepted for these cards. Also, they start re-building credit quickly.
