Comments for Credit Cards - Mastercard http://www.credit-card-guide.net Your Questions, Our Answers Wed, 08 Feb 2012 08:10:52 +0000 http://wordpress.org/?v=2.2.1 Comment on How do you get a credit card with bad credit? by HubP http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-927 HubP Thu, 16 Feb 2012 12:41:39 +0000 http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-927 If you haven't needed a credit card up until people have been telling you that you need one, don't worry about it. You really don't 'need' one. The only reason that I got my credit card (aside to help with my credit score!) was for emergiencies-and that was at my family suggestion. I ended up applying for a card through my bank/federal credit union. They will be easier than any other place, especially if you have been with them for a while. Make sure you have NO annual fee. Aside from that, pick and choose. If you haven’t needed a credit card up until people have been telling you that you need one, don’t worry about it. You really don’t ‘need’ one. The only reason that I got my credit card (aside to help with my credit score!) was for emergiencies-and that was at my family suggestion. I ended up applying for a card through my bank/federal credit union. They will be easier than any other place, especially if you have been with them for a while. Make sure you have NO annual fee. Aside from that, pick and choose.

]]> Comment on How do you get a credit card with bad credit? by Smart Credit Card http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-926 Smart Credit Card Wed, 15 Feb 2012 02:40:28 +0000 http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-926 yes nice question... I have known some credit card company that offer low APR and its nice to deal with them because they can understand your problem. Smart Credit Card is one of them give a try to visit this company and you will be amaze to what they offer. yes nice question…

I have known some credit card company that offer low APR and its nice to deal with them because they can understand your problem. Smart Credit Card is one of them give a try to visit this company and you will be amaze to what they offer.

]]> Comment on What is a good credit limit for a first credit card? by sam19zzaz http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1090 sam19zzaz Mon, 13 Feb 2012 22:00:36 +0000 http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1090 9000 is a very good credit limit, definitely dont try to increase it because that puts an inquiry on your credit report which causes your FICO to lower. most people think the higher their limits the better their credit and this isnt true(it does effect it slightly but there are far greater ways to raise FICO). one thing to definitely keep in mind is that if you feel you will never need 9K limit; call and get it lowered, this doesnt hurt you at all and is a good idea to protect yourself from identity theft. people get these ridiculous credit limits and dont realize how appealing that is to ID theft. but to answer your question the best way to increase it without putting an inquiry on your credit report is simply to not use the card at all and leave it with a 0 balance. different credit card companies have different standards and different mediums for credit limits. Bank of America and American Express are known for having really high limits, while Discover card is known for having more conservative limits. 9000 is a very good credit limit, definitely dont try to increase it because that puts an inquiry on your credit report which causes your FICO to lower. most people think the higher their limits the better their credit and this isnt true(it does effect it slightly but there are far greater ways to raise FICO).

one thing to definitely keep in mind is that if you feel you will never need 9K limit; call and get it lowered, this doesnt hurt you at all and is a good idea to protect yourself from identity theft. people get these ridiculous credit limits and dont realize how appealing that is to ID theft.

but to answer your question the best way to increase it without putting an inquiry on your credit report is simply to not use the card at all and leave it with a 0 balance.

different credit card companies have different standards and different mediums for credit limits. Bank of America and American Express are known for having really high limits, while Discover card is known for having more conservative limits.

]]> Comment on How do you get a credit card with bad credit? by Dwight D J http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-925 Dwight D J Mon, 13 Feb 2012 14:04:34 +0000 http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-925 Get a secured credit card, but BEFORE YOU APPLY be sure you won't have to pay lots of fees for the card. Credit unions are good places to go for low-fee, secured credit cards. Pay it on time every time and you'll build up your credit rating. Get a secured credit card, but BEFORE YOU APPLY be sure you won’t have to pay lots of fees for the card. Credit unions are good places to go for low-fee, secured credit cards. Pay it on time every time and you’ll build up your credit rating.

]]> Comment on What is the consequence for paying off your current credit card debt with a new credit card? by Steve R http://www.credit-card-guide.net/what-is-the-consequence-for-paying-off-your-current-credit-card-debt-with-a-new-credit-card/617/#comment-938 Steve R Sat, 11 Feb 2012 12:03:20 +0000 http://www.credit-card-guide.net/what-is-the-consequence-for-paying-off-your-current-credit-card-debt-with-a-new-credit-card/617/#comment-938 IF you can get a card with 0% interest for one year, then do it. IF you can get a card with 0% interest for one year, then do it.

]]> Comment on What is a good credit limit for a first credit card? by La Vie Boheme http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1089 La Vie Boheme Sat, 11 Feb 2012 11:42:53 +0000 http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1089 Increasing it would be stupid. You should ask them to lower it so you don't max it out and get yourself into trouble. You do NOT want to be $9,000 in debt. Increasing it would be stupid. You should ask them to lower it so you don’t max it out and get yourself into trouble. You do NOT want to be $9,000 in debt.

]]> Comment on What credit card out there has the easiest approval? by mister ed http://www.credit-card-guide.net/what-credit-card-out-there-has-the-easiest-approval/607/#comment-895 mister ed Fri, 10 Feb 2012 15:13:20 +0000 http://www.credit-card-guide.net/what-credit-card-out-there-has-the-easiest-approval/607/#comment-895 any secure credit card!!!! any secure credit card!!!!

]]> Comment on How do you get a credit card with bad credit? by Jos62 http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-924 Jos62 Fri, 10 Feb 2012 13:06:19 +0000 http://www.credit-card-guide.net/how-do-you-get-a-credit-card-with-bad-credit/614/#comment-924 Aply for a credit card of a small amount i.e. $300,00 at CAPITAL ONE or your bank, saying you need a credit card to purchaise things trough the internet. After maybe 2 months they put your credit up ond so one. After that your credit repport will be better recognised and you start to have better chances.Like I do I allways pai in before the time and sometimes i put my credit card in credit of £100,00 pounds to schau Them I'm a honest coustmor.And sometimes when I go to the bank they offer me credits and I have a low ballance money in the Bank, but allways in credit. Good luck. Aply for a credit card of a small amount i.e. $300,00 at CAPITAL ONE or your bank, saying you need a credit card to purchaise things trough the internet. After maybe 2 months they put your credit up ond so one. After that your credit repport will be better recognised and you start to have better chances.Like I do I allways pai in before the time and sometimes i put my credit card in credit of £100,00 pounds to schau Them I’m a honest coustmor.And sometimes when I go to the bank they offer me credits and I have a low ballance money in the Bank, but allways in credit. Good luck.

]]> Comment on What is the consequence for paying off your current credit card debt with a new credit card? by caleb b http://www.credit-card-guide.net/what-is-the-consequence-for-paying-off-your-current-credit-card-debt-with-a-new-credit-card/617/#comment-937 caleb b Fri, 10 Feb 2012 04:28:45 +0000 http://www.credit-card-guide.net/what-is-the-consequence-for-paying-off-your-current-credit-card-debt-with-a-new-credit-card/617/#comment-937 Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers. Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer. The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings. Read more from: Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR’s. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.

Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don’t know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.

The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person’s credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr’s for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings. Read more from:

]]> Comment on What is a good credit limit for a first credit card? by LUIS P http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1088 LUIS P Thu, 09 Feb 2012 20:13:28 +0000 http://www.credit-card-guide.net/what-is-a-good-credit-limit-for-a-first-credit-card/649/#comment-1088 That is a very high limit, but is good, if I was you I would try to have a balance of 0 and not use it at all, only for emergencies such as car break down, or others. Because if you get laid off at least you know that you have whatever you have save up in your bank plus the $ 9,000 in your credit card. Now I use cash for all my purchases and I just got a Credit card with a limit of $2000 and it is only for emergencies, after 6 months I have only used it twice and paid off right away. Yes you can increase your limit the only thing you have to do is call them and ask them for an increase, but is up to you if you think you really need it. Just remember "Credit cards are good servants but awful masters" Good Luck That is a very high limit, but is good, if I was you I would try to have a balance of 0 and not use it at all, only for emergencies such as car break down, or others.

Because if you get laid off at least you know that you have whatever you have save up in your bank plus the $ 9,000 in your credit card.

Now I use cash for all my purchases and I just got a Credit card with a limit of $2000 and it is only for emergencies, after 6 months I have only used it twice and paid off right away.

Yes you can increase your limit the only thing you have to do is call them and ask them for an increase, but is up to you if you think you really need it. Just remember
“Credit cards are good servants but awful masters”

Good Luck

]]>