Are Instant Approval Credit Cards Really Guaranteed? Not all instant approval card offers are a guarantee of acceptance unless it specifically says so. For example, "instant approval" could refer to the decision-making process, meaning after you submit the credit card application you'll receive either instant approval or rejection.
Enjoy credit card benefits and perks, ranging from free airline miles, rebates, to cash back credit card incentives and rewards.
Maximizing Rewards Credit Cards
Ready to go rewards card shopping? Here are things to consider when searching and comparing offers:
Airline Miles Credit Card - this card is perfect for anyone who travels frequently. In addition to awarding frequent flyer miles to the user, this card can also offer discounts on airfare at participating airlines, such as Southwest.
Cash Back Credit Card - this type of card is ideal for people who rarely use cash when making purchases. By making purchases with the card, users can earn cash back based upon a percentage of their charges. Some issuers tailor the card to the user's personality, by allowing a higher cash back percentage on charges they most frequently make. For example; if the user mostly makes charges at a grocery store, the issuer credits a higher cash back percentage for those purchases. Other issuers may offer higher cash back percentages for purchases made at participating retailers, such as Home Depot or Sears.
Business Credit Card - these are not only for large businesses, now even small businesses can get this type of credit card, and can get separate cards for employees who make purchases on behalf of the company. Again, some business credit card issuers will sweeten the offer by awarding discounts for purchases made at participating retailers, such as Office Depot, or will award cash back percentages.
Retail Credit Card - if a person uses a credit card only at one particular store, a retail credit card can offer discounts on purchases. Examples of this type of card are: Sears Card, JC Penney Card, Wal Mart etc. Regarding the Wal Mart Card, users can get discounts on Wal Mart gasoline purchases, which is quite beneficial during current high gas prices.
Shopping Credit Card - typically known as Catalog or Merchant credit cards, these allow even bad credit people to obtain an unsecured line of credit. Purchases are restricted to a certain merchant or a specified catalog, but nonetheless offer the ability to make purchases on credit. For people with very bad credit, this is an excellent way to obtain credit. Just be sure to use a card that reports your timely payments to a major credit bureau so you can build your credit.
Other Rewards Credit Cards - you can find cards that offer a variety of discounts and free services, such as free music downloads, free roadside assistance, as well as protection against identity theft.
Credit Card Benefits
Credit cards are safe: If your card was issued in the United States and is lost or stolen and used by a thief, the most you'll be held liable for is $50. You donít get that kind of guarantee with cash or checks.
Credit cards provide emergency buying power: Car broke down? An unexpected emergency room visit? A reassuring credit card benefit is that you donít need to worry about having enough cash on hand or if a merchant accepts checks.
Credit cards offer protection: In most cases it's easier to reverse a credit card charge than to cancel a check payment or get a cash refund.
Credit cards can build your credit rating: A major credit card can help build credit ratings. Fact: the single strongest reference on a credit report is a major credit card, paid on time over time.
More credit card benefits
In many countries, major credit cards are widely accepted. Youíll often get a favorable exchange rate as well. And some cards offer benefits like emergency card replacement or free Collision Damage Waiver Coverage on rental cars.
With a credit card, you have the option of paying your bill in full and usually avoiding any interest charges, or making smaller payments. Charge cards, on the other hand, require you pay the entire balance in full each month. Of course itís a good idea to pay as much as you can each month to avoid carrying too much debt or paying large finance charges.
Credit card perks range from free frequent flier miles to extended warranties on merchandise you buy with the card.
There are credit cards for just about every walk-of-life, meaning; chances are, there's a credit card tailored to satisfy your individuality. Credit card issuers; in their attempts to attract new customers, are creating card offers leaning heavily towards user personality.
But before you rush out to find a card that fits your personality, you first need to determine which types of credit cards you may qualify for. If you aren't sure of your credit score, you should order a credit report, or you can use the estimated prequalification guide.
Once you have an idea of what types of credit cards you may qualify for, you can begin your search to find your personality card. Listed below are examples of these types of credit cards:
For nearly every individual personality and credit rating, their is a credit card issuer who wants you to become their customer. Be sure to read all the Terms and Conditions, so you know exactly what you will get before you apply.
Sometimes there is some emotional conflict when people try to decide which way to go about paying down debts. They wonder if they should pay off bills with the highest interest rates first, or pay off the smaller bills. Deciding to start with the smallest bills, can help to get going on the task and be more motivated. There is a good feeling to know one debt has been paid in full and something is getting accomplished. Setting goals to get debts paid off, must begin with changing behavior. This means spending money wisely. Knowing the bills must be paid is one thing, but actually getting it done can be harder. By paying off a small debt, it may encourage more good intentions to continue to get out of debt.
To get started, target one small debt and try to pay more than what is required each month. Consider paying something weekly, in addition to making the regular payment on time. It is surprising how you begin to see your efforts pay off. Keep a list of the small debts and the order in which to pay each one in full, and mark them off the list as it is done. Seeing the results of every small bill paid, will be uplifting. Keeping the list with each debt scratched off, will remind you how hard you have worked and how far you must go to finish the job.
Getting into debt is fun and easy, getting out of debt is stressful and requires a plan of action. Before spending one dollar, ask yourself if the expense is wasteful and if you can live without spending your hard earned money. If the answer is that you can live without spending the money, you will realize you now have more money left to pay down more of the bills. Keep sending in money for bills and keep getting closer to being out of debt. When help is needed, consider seeking a professional for advice and debt counseling.
Debt can be so easy to accumulate, but may cause people to feel like getting out of it is next to impossible. The biggest problem it causes is when it keeps mounting from not being handled early. This usually happens when bills are ignored and interest upon interest and late fees are adding up daily. An unsecured debt, like credit card debt is not attached to property, like a home. A home loan is a secured debt and if not paid, the homeowner is risking loosing the home. When there are bill collector messages on the answer machine, and the bills are left unopened and thrown aside, this is a good indication that debts are causing stress as well as growing. There comes a time when it all must be faced and a plan needs to be set into motion to get debt relief.
There are many good debt relief services and programs available, as well as some that are lacking in skills. Many debt relief business offer several options, so each one must be considered to determine which one is best for a person's needs. The types of debts that a person has, is also important to figure out which program is best. Online services offer free debt quotes or consultations and there is usually no obligation to have to commit to a decision. Taking the time to consider debt settlement, debt consolidation, or other options is important and may require a few days to think about which is the best choice.
Examples of Types of Debt Relief:
*Combining credit card balances into one easy, monthly bill.
* Negotiating with creditors, to lower the payoff amount, negotiate a lower monthly payment, or to drop late fees.
* Debt management education, to learn money management skills and better budgeting.
Many companies are professionals, and they can be use to working with creditors to resolve debt problems for people. The great thing is that they can review each person's situation and work with them on an individual basis. They can be extremely good at what they do and give valuable feedback and information on how to solve some debt problems. Sometimes it is a matter of living a big lifestyle that takes all the family income. This may involve making better choices before spending money on things, and set a goal to pay bills first and on time. To regain some financial freedom, there must be some plan of action and a few adjustments in spending to accomplish the goal. Professionals may be able to assist when personal plans fail.
There are always new technologies in the way of how people are using their mobile phones. The U.S. Bank and Visa have some new mobile payment processes that can help customers. This involves ways to make purchases using a mobile device. It can be as simple as using a phone and waving it in front of a Visa payWave terminal. According to the Visa website, the U.S. Bank can be thanked for this technology, and some select customers may be trying it next year.
People like to be mobile and there is so much new technology involving mobile gadgets. It can make managing bank accounts and making bill payments with a mobile device easier. Credit card companies appear to be leading the way for many ways people can manage their finances. Assessing information has never been quicker and more convenient.
According to the Visa website, memory cards can inserted in a slot found in many mobile devices, and this mobile payment solution is password protected. It uses advanced security technology to identify each transaction. There is no worry if lost or stolen, the chip can be disabled by the bank. Allowing people the ability to link an existing payment account to a mobile device is changing the way people can pay and how merchants get their money.
There can also be mobile banking solutions to pay bills for prepaid cardholders too. For Visa cardholders, getting account alerts, and offers can be done as cardholders are on the go through the means of a Visa Mobile application. The U.S. Bank was one of the first banks to test the Visa Micro Tag, an early no contact mobile payment device. For these details and other information visit the Visa website. Visa has some great credit card options that can be viewed on their website. Offers may include prepaid cards that can have 100% approval.
Secured cards are credit cards that require a savings account to be established as collateral. They are excellent to use to rebuild or establish some good credit history. People who do not have a credit history, or who may have past credit problems, use these cards to repair their credit. Orchard Bank has a secured card that is available and it offers the benefit of using plastic for purchases. When an unsecured card is not an option due to being rejected, secured and prepaid cards can be the next best option. They also have unsecured cards available.
Many cards come with reasonable annual fees or no fees, and minimum deposits can be as small as two hundred dollars. Secured cards require a deposit to be made as security. The card can be used anywhere the card logo is displayed, For example, if it is a Visa or MasterCard. These cards usually offer the typical functions of unsecured cards like online bill pay, the ability to manage the account online any time or day, and fraud protection.
Every type of credit card has its own Terms and Conditions, and they should be read. Credit card issuers usually obtain a current credit bureau report when someone applies. This is to help them make a decision about approving or rejecting the application or even to offer a different type of card. It is also to verify an applicant's information. Sometimes it can take up to 10 or more days to receive cards once a person is approved, so applying well in advance of the need to be able to use the card is important.
Secured or unsecured cards both can make traveling or making purchases easier. Statements are good financial tools to use to prepare for tax season, to plan a budget, or to track spending habits. Millions of people use secured cards, because some issuers report to the three major credit bureaus, it is this reporting that can help repair less than perfect credit, with the addition of good information on reports. Choices are limited for unsecured cards when there is a negative credit history, yet getting a secured card can be one the easiest ways to be able to have a card and fix bad credit at the same time.
People with good credit are usually not limited to a specific card choices, and may be able to be approved for several popular unsecured credit cards. This is great as they can use the card with the lowest interest rates and best terms for their spending needs. Cash back cards help many people get money back, for the money they have to spend. For those with terrible credit, the only choices may be a secured card or prepaid card.