Credit Card or Prepaid Credit Card?
Most of the banks use different type of bank cards. The most common ones are the credit card, the debit card, the secure credit card, the Prepaid Credit Card and the ATM card. Each f the available cards offered have their advantages and disadvantages. For most of the people the credit card is the best card. However not everybody can get a credit card and to get a credit card with a good interest rate and smaller fees you have to have an excellent credit history. A good idea before getting a credit card is to get a prepaid card or a secured credit card.
To get a world wide known credit card like for example Visa or MasterCard, from a bank with lower interest rates you have to have at least a good credit history. If you have a good credit history you will most probably receive offers from different banks to get a credit card through them. However if your credit history is poor or bad or you do not have a credit history at all it will be more difficult for you to get a credit card. You will have to fill in many credit card applications and wait to see if you are getting approved or not. The good thing about the credit card applications is that they can be done online thus one can find in a matter of seconds if he or she is approved for a certain credit card.
The main question for a lot of people is not related to the type of credit cards available but how they can get a good credit card history or how can they improve or maintain one. Since most of the credit card applications ask you about your credit score and if you have one, you should already know that the better the credit score, the better the terms and conditions that you get with your credit card if you get approved. There are three main companies that asses your credit score and offer history credit reports. The first step towards a good credit score is paying your bills on time, making all the payments on time for a longer period of time is important for your credit score. Also if you get a credit card and use just a small amount of the money available in your credit line rather than a bigger amount, your score will be better. Also the longer your credit history is the better for your score. A fair diversity of credit cards will also help you maintain or increase a good score.
If you do not have a credit history, you should start making one because you need a good credit score not only to apply for credit cards, but also to apply for a loan for a house, a car or any other thing where you need a line of credit. Also once you get a line of credit make sure you make your payments on time and you can do this by setting automatic payments directly from your account. If you got a loan where you have to give back an fairly big amount of money each month a credit card that is prepaid can be a good thing to keep your expenditures in line and thus to avoid lowering your credit score. Also even if you get offers of applying for credit cards without having a credit score or even if you have a bad credit history, remember that in the long run having too many credit cards is not helping you get a good credit score or keep the same credit score you have.
Watch the video related to credit card
Here ya go. Oh yeah, sorry about how the video flashes occasionally, I tried my best but I just couldn’t fix it. Deal with it. Lyrics: New Job/Pirate Restaurant Commercial: They say a man should always dress For the job he wants, so Why’m I dressed up like a pirate In this restaurant? It’s all because some hacker Stole my identity Now I’m in here every evening Serving chowder and iced tea Shoulda gone to: Free credit report dot com Yee-haa! I coulda seen this coming at me like an atom bomb They monitor your credit and send you email alerts So you don’t end up selling fish to tourists in T-shirts Offer applies with enrollment in Triple Advantage. Dream Girl: Well I married my dream girl I married my dream girl But she didn’t tell me her credit was bad So now instead of living in a pleasant suburb We’re living in the basement at her mom and dad’s. No we can’t get a loan For a respectable home Just because my girl defaulted on an old credit card If we’d gone to free credit report dot com I’d be a happy bachelor with a dog and a yard. Offer applies with enrollment in Triple Advantage. New Car: Well I was shopping for a new car, which one’s me A cool convertible or an SUV? Too bad I didn’t know my credit was whack ‘Cause now I’m driving off the lot in a used sub-compact. FREE, that spells free- Credit report dot com, baby Saw their ads on my TV Thought about going but was too lazy Now instead of looking fly and rollin’ phat My legs are sticking to the vinyl and my posse’s <b>…</b>
Help answer the question about credit card
What credit card company offers the best deals on Business Credit Card?I have good credit and im in the market for a business credit card. What company offers the best rates, offers, cash back programs ect? Please give me some ideas on programs i should look into from the major cards like, AE, Discover, MC, and Visa.
April 14th, 2010 at 9:40 am
Prepaid cards won't, but secured cards very often report to the credit bureaus, and they WILL improve your credit.
April 14th, 2010 at 10:18 am
NO!!! One is an unsecured credit card (the real credit card that the banks give you a certain line of credit). The prepaid is a secured card that you MUST load the funds onto. NOT able to use the funds from your real credit card (the funds don't belong to you anyway).
April 14th, 2010 at 8:40 am
These cards are for teens/Students who want a credit cards or to build there credit.
You can get it online,
student-credit-cards1 . blogspot . com
April 14th, 2010 at 8:47 am
This piece of crap video does not explain how the magnetic strip of the credit card works.
FUCK YOU ASSHOLE.
April 14th, 2010 at 8:49 am
What kind of insane advice is this? How can you in all seriousness be promoting credit cards to people who HAVE NO JOB! DER! And we wonder why America is drowning in debt! Get Real. Why not encourage our students to save and invest instead!
April 15th, 2010 at 1:12 am
yes, it will accept it. but you can also buy itunes gift cards at any store to use instead.
April 15th, 2010 at 2:54 am
You could set up a paypal account and link it to your checking account. Or do the pre paid thing–that works to!
April 14th, 2010 at 10:59 pm
i agree 1000%
April 15th, 2010 at 12:51 pm
I think the card that you're talking about is the Eufora prepaid card. It has a credit building program [click here https://www.eufora.com/creditbuilder.jsp From what I gathered from the website, it only reports to Transunion and Equifax. I myself think that a secured card would work out a lot better than this, being that I've had one before, and I don't know a whole lot about this. But I've posted the links below explaining more about the Eufora card and where to apply
April 15th, 2010 at 12:19 pm
getting a student credit card is so easy, a cave man can do it, Wells Fargo bankers are always begging me to get one whenever i go there…
April 15th, 2010 at 10:18 pm
a crock of shit………yeah right.
April 16th, 2010 at 5:28 pm
sometimes those prepaid debt cards cost
you anywhere from 5 to 20.00 and thats just to get
the card, then there might be charges for non-use or even if you
use a monthly charge.. and do you want to use a ATM more fees
.
read the fine print
I would sugggest you can open a checking account usually for
a low balance or even free of monthty charges and most
of those checking accounts include debit card which works
just like a credit card..
April 16th, 2010 at 8:00 pm
There are several cards to choose from, but beware of the charges. Unlike bank debit/check cards some card providers will charge for almost everything you do with the card.
A comparison page at tracenotes.com gives a good view charges and fees of most cards.
April 16th, 2010 at 9:26 pm
Yeah, they sell them at 7-11 and wawa
April 17th, 2010 at 2:35 am
Yes, a pre-paid card is accepted anywhere a regular credit/debit card is accepted.
So you can use it just about anywhere as long as you don't attempt to spend more than the available funds on the card because it will be declined.
April 16th, 2010 at 10:23 pm
Is easy being responsible, I have 2 credit cards, recently applied for another one therefor cancelled one I had, because I have established myself that I won’t have more than two credit cards. In five years I am with them, I had only paid interest in 3 cycle periods, I am always looking forward to full pay my balance, even if I stay with little money after that, is so easy, I don’t know why is so hard for people to control them self with the use of credit cards. lol.
April 17th, 2010 at 9:48 am
Is a student credit card the same as a regular credit card, except with a lower balance “500 dollars”. Or is it strictly for paying for school.
Please help.
April 17th, 2010 at 1:17 pm
i have a 3,000 balance on a bank of america card if i pay off the balance and cancel the card will my credit be affected?