subject: Credit Building Cards – helpful in gaining better Credit Score [print this page] Credit Building Cards helpful in gaining better Credit Score
While you are having the issues of bad credit and you are looking out to make use of these cards over and over again then it is considered ideal if you prefer having credit cards as it will be helpful in building credit. The Credit Building Cards may turn out to be extremely helpful in coping with all kinds of credit loans you are opting for by offering people with a lower interest rate. You are required to pay all the monthly dues on time then you can be certain of completing the payments successfully and also bringing yourself to a particular position where you will be able to enjoy all the advantages of having a good and outstanding credit score.
One of the best Credit Building Cards that are at present available in the market is the Applied Bank Secured MasterCard or VISA. $5000 is the maximum value available with this particular card. The interest rate that is being offered with this card is around 10% and it requires you to deposit a minimum amount of $200. $50 is the yearly fee that is charged for this card on annual basis and this fee can be paid at the end of each month. The excellent and finest thing this about availing this particular card is that it does not ask for any checks and also you are not required to belong to a certain income group to get this card. With this card, you will be offered with an outstanding opportunity as you will be able to fully improve your credit rating scores even in case even if you end up with bad credit.
One other outstanding Credit Building Cards that you could consider having New Millennium Bank Secured Platinum. You are required to have a least amount deposit of $300 and it is also offering a credit maximum that is up to $10,000. There are numerous advantages if you avail this card, they mainly include; auto rental insurance, 100,000 of travel catastrophe indemnity, along with lengthier guarantee on numerous purchases. $59 is the fee charged on yearly basis for this card; however, $99.95 is the processing fees. Anyone who does not even have a credit history can easily apply for this card as no credit records are checked.
Credit Building Cards are extremely beneficial to a great deal for all those people who want to gain a better credit score. However, punctual payments are only reported and this is ultimately useful in qualifying for better credit scorings even in the future.
