A credit card must be used properly so that you don’t have to subsequently bear unnecessary debts. Monitoring your credit card usage will also help you smartly gain some benefits and rewards in the long run. But to enjoy these advantages you must choose the best credit card. If you are looking for a credit card online, consider the following factors to make the most viable choice for yourself. Personal spending habits Even before you choose a card online, the first question that you need to answer is how you want to use it. Can you pay off the full balance at the end of every month? Or do you intend to carry off the balance to the next month? It’s also important to think of whether you’ll use the card for all your purchases or just for emergencies. If you’re sure that you can pay off the whole sum at the end of the month, then you don’t need to worry about interest. Search online for cards that have zero annual charges and an extended grace period. This prevents you from getting entangled in a financial mess. If you intend to carry a balance, then compare different cards online and find a card that gives you the lowest possible rate of interest.

You don’t have to actually visit a bank to apply for a credit card. Need a cash back card or a travel rewards card, you can easily apply for it online. The information that you provide in the online application is verified against your credit score. Banks and credit card issuing companies have stringent requirements. Once you clear these, only then will they approve your card application. Your credit score is gathered and your spending history is scrutinized. A high credit score (690 to 720) is an indicator, that you have the habit of settling your dues on time. This can be helpful when you are trying to get a new credit card. Plus, if you require any additional credit limit, a good credit history will always come to your rescue. So, the first step to ensure that your online card application goes through is by having a good credit score. If low, implement measures to improve your credit score. Improving your credit score Credit score can’t be increased overnight. It takes a good deal of time to change it to a positive value. Your application for a new credit card might have been rejected due to an unsatisfactory credit rating.

Credit cards have made life a lot easier. It’s an easy source of finance, but that’s where you should be vigilant. Having too many cards can severely affect your financial health and credit rating. When used judiciously, you can use the revolving credit to your advantage. There are different types of cards designed to suit the needs of different users. Airline credit cards, hotel credit cards, cashback credit cards, low interest credit cards, student cards, points cards, no annual fee cards, the list goes on. The usual benefits of using a credit card includes rebates on fuel bills and cash back on grocery purchases. One can easily apply for a credit card online. Based on your credit rating, your credit limit is fixed. The best cards offer a number of benefits and give you considerable savings. Keep your credit score high and you can access amazing offers. Here’s a rundown on three of the best cards of 2017. Chase Freedom Unlimited Rated as the best cashback card, you earn 1.5% cashback on all your purchases. Plus, you earn a bonus of $150 when you swipe the card for purchases worth $500 and above. This offer is applicable in the first three months after opening the account.

What is a gas card? A fuel card, otherwise called a gas card or fleet card, is a card used to pay for fuel at gas stations. They are provided both by oil brands like Shell or ExxonMobil and by companies that specifically specialize in this. Some of these companies include Edenred, Fleetcor, Fuelman, and Fleetcard. If a fleet owner or manager so decides, fleet cards can also be used to pay for maintenance of a vehicle and other vehicle-related expenses. History of gas cards In the United States, gas cards first came into use in the 1960s. The first of its kind resembled a credit card with the name of the customer and the logo of his company on it, and the cashier would have to note down a customer’s name and company information to validate the card. Of course, this was a cumbersome process, and it was also open to fraudulent transactions. However, thanks to technology, with computers getting center stage in financial transaction processes, the gas card industry expanded rapidly. With the invention of magnetic stripes on cards and a magnetic card reader, the process became a whole lot easier and safer. Now, petroleum marketers can control the transactions, track expenses and get accurate reports of fuel used.

Your credit reports show information regarding your place of residence, the method by which you pay your bills, any history of being sued or arrested, or of filing for bankruptcy. Companies that put your credit report together sell the information in it to others who need it to assess your credit applications. The ones who need it include creditors, insurers, employers, and business or homeowners, to name a few. It is recommended that you review your credit report annually. There is room for errors on the credit report and information contained in it will affect your eligibility for loans. It is also important to review it because the information contained in it is vulnerable to identity theft and fraud, in general. You can dispute credit reporting if you find any errors in the reporting done. There are three national credit reporting companies. They are Equifax, Experian, and the TransUnion. They are required to give you a free copy of your credit card every year, should you request it. You are also eligible for a free credit report should the company you apply for a loan with denying your application for a loan, employment or insurance because of your credit report.

A business credit card is available to all small, big, and sole proprietorship businesses. It gives the individual the freedom to expand his/her business without the interference of personal credit scores and financial status for greater creditworthiness. This also helps one to maintain a clear record of all business transactions. If your business is a sole proprietorship firm, you can apply for a business card with your social security number, this makes it simple and easy for small-scale businesses with no annual fee scheme. In some large-scale businesses, you are expected to produce the employer identification number to own your business credit cards. Small business credit cards These cards provide proprietors with a credit limit to purchase and withdraw cash for business purposes. They are similar to consumer credit cards; when the payment is not settled on the billing date, they are levied interest charges for the transactions and the pending amount. The positive aspect of owning a small business credit card is that it never affects your personal financial status. American Express, Capital One, and Citi Business offer various credit cards with no annual fee scheme and various other offers to enhance your business funds. Why get a business credit card?

Prepaid cards at one time were the last option for the individuals who couldn’t meet all requirements. However, in the mainstream financial market, there is an inclusion of new elements and features in prepaid cards. Therefore, they are one of the most popularly used financial products by consumers today. Prepaid cards with the best 50 US banks and credit unions accounted $118.09 billion in spending at the merchants in 2013 and a 6.1% expansion from the previous year. A just recent report revealed a similar kind data that most of the prepaid cardholders utilize them merely as a supplement to their existing regular checking account, and not as an alternative option. For a fair number of prepaid card customers, the move seems like a convenient option. Unlike traditional checking accounts, prepaid card customers can quickly make cash deposits at an extensive variety of retailers that includes convenience stores. Furthermore, unlike the conventional banks, prepaid cards usually belong with a vast network of ATMs that enable clients to access money with no additional fee. But this convenience comes at a cost, the prepaid cards typically come with comparatively higher charges than conventional checking accounts, and those expenses can add up swiftly.

Credit history represented by credit score rating is very important for anyone who wants to take any more credit and loans. A minimum credit score is required to meet the demands of certain lenders while seeking financial assistance. Thus, we know the importance of credit scores and we want to raise credit score to a better number for the present and for future needs that must be catered to. And to raise credit score, we have to know about the most effective methods. It is not hard to come across tricky advertisements that promise increased credit scorings immediately, but since all good things take time, there is no way to raise credit score quickly and legitimately. Legitimacy is must as all loans depend on this. One quick and legitimate way to raise credit score is to request credit line increase which would in return improve the credit utilization ratio. What happens, in this case, is that it affects the credit score by affecting the total percentage of the usage of the credit card limit. This makes it difficult to raise credit score. Though many credit card issuers allow increased credit line without asking too many questions, it is necessary to be alert and ready to withdraw the request if there is a demand for additional information.

What is a good credit score? Do you aspire to have a good credit score throughout your life? The answer to this should be yes because this is one of the major designing factors while you borrow money on getting a low-interest rate. The lender usually decides on deciding the factors for granting the loan. Sometimes the borrower even fails to satisfy those factors lacking a good credit score. There are majorly two kinds of credit scores that are issued by Fair Isaac Corp and the VantageScore. Both range from 300-850. Always keep a check on your credit score and stop wondering how to manage the amount as well. The three-digit credit score is not just a numeric representation of the repayment of your debts. When you apply for buying home mortgages can at times breeze. The best credit score is 850, but you can manage around 760 and above as well for the good credit score range. A fair credit score is 650 to 699. For late payments, your credit score lowers and that puts a dip in your credit history. You still have chances of getting a mortgage but the interest rate increases to a very high rate.

There are many credit cards available online, so choosing one of them depends on a person’s financial goal: whether a credit card is required for travel, or whether the person is a jet-setter, or whether the person wants to earn cash by spending every day. Getting and choosing a credit card depends on the lifestyle and spending habits of the person. How to go about getting a credit card online? Getting approval for the best card online requires that you make a checklist of your finances before you apply for a card. You need to do the following: Know your credit score Reduce your debt Apply for the first offer, mention your complete income, and don’t give up Go online and compare various credit cards based on their benefits, rewards, and interest rates The important thing to remember is that the best cards online are those which match your lifestyle needs. Credit cards are reviewed and features such as rewards, benefits, APR and fees, 0% balance transfer, cash back, hotel, and airline mileage points are taken into account. It is necessary to know whether a business or student credit card is required. It is also essential to know the best credit cards for bad credit.

Today, there is an ever-growing use of credit among individuals to make purchase decisions. This purchase behavior has extended the importance of credit scores. Created from your credit files, the credit score assesses you as a potential customer for companies. The data comprises of years of spending behavior and financial management. A growing number of companies seek surety by offering services and products to people with a good credit score. It is imperative to have a good credit score to undertake your financial decisions smoothly. The credit score goes on to reflect your financial stability. Whether you are looking for a mortgage loan, favorable financing rates or an apartment to rent, the lenders will approve or deny the same based on your credit score. Thus, it is crucial to maintain and work towards fixing your credit score. If you are wondering how to repair your credit score, the process can take a while and there is no immediate fix. Building and boosting your credit score is not a simple or quick process that can take place overnight. Moreover, it is important to know how to fix the credit score as it can affect you in more ways than one. The best way to raise credit score is by undertaking responsible steps over time until it is in the best shape.