Finding Credit Cards Blog

I’ve established my credit these past 2 years, and paid all debt. Credit cards are paid of monthly. but for a credit card to a home store I needed a co-signer ( not bc of age/but so it will get paid by either)…How good is my credit then?
I needed a co signer before they even did a credit check..also im 24…and i got approved for over 4000

Paying off your credit cards monthly sometimes isnt good. Your age and your pay could have something to do with it. Experian will give you a free credit score.. goto quizzle.com and will show all stuff on ur credit report without your social security number. Also, Credit is being measured differently now…. 700 used to be excellent and now its starts at 750 and up for excellent. Under 620 is bad… So everything has gone up 50 points to be in that bracket. I know my sister tried to get a couch at Big Lots and was turned down.. her credit score is 650.

I am thinking of those who do not have a credit card and pay for everything by check and cash. How is their credit rated? Is it based on a loan for example (car, student, etc.) and what if it is their first time applying for such a loan? How is their credit history looked at then? What if someone is applying for an apartment rental and does now own a credit card?

I have always wondered this.

Also, some people, after having paid off their debt, switch to using cash or check only, but apparently no activity at all on your credit card accounts isn’t good either.

Any input?

Get in the habit of checking your credit report regularly (at least annually). You are entitled to a free credit report from all three credit bureaus once per year, so take advantage of this opportunity. Review your credit report for errors and dispute any erroneous information. Such errors might be unnecessarily dragging down your score.

Creditors view these kinds of accounts as a sign of stability and responsibility, so make sure you have one or both of them. Free checking is almost an industry standard, so you can find a good deal if you shop around at different banks. A current checking or savings account will also help you secure a payroll loan.

If you do not qualify for a credit card or loan on your own, you might do better with a co-signer with good credit. The best part of having a co-signer is that his/her good credit partially becomes yours. That means you have a great opportunity to boost your score by piggybacking on someone elsels credit for a while.

When you cannot qualify for unsecured credit cards, think about starting off with a secured card. Make sure you get a secured card that reports your activity to the credit bureaus so you have a chance to rebuild your credit. The best secured cards turn into unsecured cards with more favorable terms after you demonstrate responsible use and payment behavior for a certain period. A secured card can also be a great alternative to a payroll loan in emergency situations.

Keep your balances low and pay them off every month. You want to keep your balance-to-limit ratio as low as possible.

I need a business card for my company, how can I order one witgout a credit card or paypal. Preferbly, I’d like to order cards and get billed by mail.

most places don’t work like that. but there are also some stores who make business cards. so you might have to go there.

I’m young with no credit and no checking account. I’ve been looking online and have only come across debit cards or credit cards that require a checking account. Where and how can I get a CREDIT CARD w/ no credit and no checking account?

You can get what they call a secured card, which is almost like a debit card and bank account as you have to put money in the credit account before you can use the card. You do this for a while then the credit company may (usually does) give you a small line of credit, something like $250, pay that on time for a while they will increase it and so on. Honesty I’d get a bank account then try to get a card through them. Are you a student? If so, many banks offer students cards which are a bit easier to get. Good luck.

I know many credit cards can add on a 2-3% surcharge for using a credit card overseas but what rate do they charge for the currency conversion?

Do they take the market rate at the exact time of the transaction or do they use the market rate at the close of the business day?

Or do they use a rate determined each morning and posted on the sponsoring bank website - to which it’s better to check their rates before making a purchase.

It is based upon spot market the date of the transaction plus their procesing fee

I’m looking to start building credit, and I’d like to do this by getting a secured credit card. So I’m wondering which cards or brands have good deals for the time I’m going to need it. Also if anyone could give some insight on how the transition works from a secured credit card to a regular credit card, that would be appreciated. Thanks in advance.

Try the bank / credit union where you have your checking.

When our company began we opened up credit cards for employee’s under our CEO’s credit line because the company did not have sufficient credit. Two years later, we are stumped as to how to obtain credit cards for the company using only the company’s credit. American Express tells us that no matter what we have to have a guarantee from an individual person backing our credit. Does anyone out there know how a company can get credit without that personal guarantee? Surely, Microsoft doesn’t use Bill Gates credit to obtain cards for it’s employees. Thanks for any and all help in advance!

Paying off debt you owe is always good.

My father in-law has incurable cancer, and outstanding credit card debt of about $55K. Can the credit card companies sue his estate or children to collect the outstanding balances on his accounts once he passes away?

They can go for the estate , not the children unless they are co owners of the credit card.

Every time I try to apply for a credit card I always get denied because I don’t have a credit history. Well, how I am supposed to have a credit history if I never had a credit card before? I already have a debit card that I use all the time and I always choose credit, but I guess it’s not good enough. What do I have to do in order to get my first credit card guys? Thanks.

First, you stop applying, immediately. You do have a history now: a history of excessive applying, which will keep you from getting a credit card for at least a year.

Second, after you stop applying, you get a "secured" credit card, which is the only type of credit card currently available as a first-time credit card.

Do not, under any circumstances, apply for any credit card that is not "secured" until you have gotten a good credit history by having a secured credit card and going more than a year without applying for any credit cards.

The way you get your first credit card is to get a secured credit card, without applying for any others.

There are so many of us who feel we’ve been scammed by Anacott Financial … has anyone discovered a "reputable" guaranteed approval credit card … I’m pretty desperate–the transmission went on my car 3 weeks ago and I need to come up with $2500-$3000 FAST!!!

There are NO legitimate guaranteed approval credit cards, except for the secured cards. (Obviously, that won’t do you any good for this situation.) If you apply for any other so-called guaranteed card, your chances of being scammed are high, and your chances of being disappointed are pretty close to 100 percent.

If you are dealing with a transmission specialty shop rather than just a regular mechanic, I suggest you talk with the shop to see if they can arrange direct financing for your repair. Many transmission places know that it costs a bundle and have worked out deals for their customers. Ask if that’s possible at the shop you are going to.

Good luck. I know this is not what you wanted to hear, but I hope it helps.