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I’m trying to raise my credit score with a credit card ,but they are only giving $250 limit with
$95 available. Is this worth it? Can someone give me the name of the best credit card company
to go after with better limits.
Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - buildcredit.ifastnet.com
Despite a flawless payment history over the last 20 years, Citibank is raising my rate by 5%. I would easily give them the heave-ho, but I’ve heard that a long-standing credit card account has a positive effect on your credit rating. How big a hit would my credit rating take if I closed the Citibank account?
Your entire credit history with that card would be erased and this is not a good thing.
First, those 20 years should give you some power with Citibank. Call their customer service number on the back of the card and tell them that you feel the increase is unjust in light of the fact that you’ve been doing business with them for 20 years and your account is in good standing. Mention that you’ve always paid your bill on time if that’s the case and any other Citibank accounts you have, if you have any. Sometimes the credit division of banks doesn’t realize that you’re also a bank customer and that may carry some weight.
If you can’t get anywhere with the customer service rep, ask to speak to a manager.
If this still gets you no where, go to bankrate.com and see what other credit cards’ interest rates are to open an account and tell them such and such bank is offering this low rate to new customers, and it hardly seems fair that they’re raising the rate for their longstanding customers. (I’ll bet Citibank themselves are offering lower rates to their new customers, while they’re trying to squeeze their old customers for money).
If all else fails, pay the card off even if you have to transfer the balance to a lower interest card. Then, so they don’t close the account entirely as some banks are doing on inactive cards, use the card once or twice a month for smaller purchases or necessities like groceries and pay off that balance at the end of the month.
They’re less likely to shut down the account if you have some activity on it and they’ll probably drop the interest rate after a few months to get you to spend more on their card.
I just submitted an application for a secured credit card about a week ago and the credit card company debited the $200 from my checking account that I would need for a security deposit and I still haven’t received my credit card yet. When do you expect that I should receive my credit card?
7 to14 days it does depend on a number of things
I have really good credit and have paid off all credit cards as I use them. Now, I have a large purchase I want to make. If I apply for a card and get approved online, it will take 7-10 days to get the card. Can I somehow use the card without physically having the card in my possession?
no not until it is activated so will have to wait the time period out.
My husband and I both have steady jobs (hes in the army). We also have great credit. We have never had a credit card but have been talking about it lately.
Whats a good credit card interest to look for? Any other good credit card information we should know? (that we cant find online)
The worst reason to look for a credit card is interest or APR.
This is why:
Carrying balances is not only harmfull to your credit worthiness and credit rating - but in some cases it can destroy your life.
Remember: Employers will look at your reports before hiring you.
To get good credit get any card that does not have an annual fee.
Get top scores like this:
Use the card monthly for something you need like food or gas.
Pay in full the day the bill comes in the mail.
You will never pay a penny interest - APR this way.
Voila - top 800+ scores.
It is 100% myth that carrying balances is good for your credit.
Something old ladies that watch QVC will tell you.
Don’t do it - don’t mess up your life.
Pay in full and enjoy good jobs and good credit.
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A co-worker confessed to police with stealing and using my credit cards and now the credit card company is saying I’m responsible for those charges. Is this true? I had no involvement with the theft or fraud
The police have pressed charges against her for theft and fraud but one of the credit card companies won’t reverse the charges.
I would either a) force your co-worker to pay for the charges OR b) I would file a police report against your co-worker (press charges if you want) and forward all documents to your credit card company. Put your dispute in writing ASAP to your credit card company. You should not be responsible if you didn’t give permission or if your co-worker wasn’t authorized user on your account.
If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing?
It shows on your credit report as X number of dollars credit allowed, zero for maximum use and zero for outstanding balance. But it does a
dd to your credit score just because someone issued it to you.
if you are looking for the free credit report usa national site, check out this site
http://free-credit-report-national.com/
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.
say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.
There are a lot of factors affecting your credit score. Let me just break down what you mentioned and identify whether they would be good / bad for your credit score.
Never late / always paid the balance - Definitely good
Too many credit cards - This, more often than not, lowers your credit score… especially when the total card balances take up too much of the total credit line given to you.
if you are looking for the free credit score and report usa national site, check out this site
http://free-credit-report-national.com/
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.
The talk about credit cards had existed for so long. It is not a new topic to discuss anyway. In fact, there are plenty of people who have secured their own credit card and are currently enjoying the privileges that come along with it.
You can also say that some of them have experienced the most unexpected twists when it comes to handling their credit card debts.
You should be smarter than the rest of them.
As time passed by, you should have been knowledgeable enough regarding the pros and cons of owning a credit card. Taking the disadvantages aside, everyone can attest to how helpful credit cards can be. After all, the credit cards are among the valuable tools utilized when buying goods as well as services in these modern times.
So how do you apply for credit cards? Realistically, credit cards can be secured through both the online and offline methods.
What is meant by the offline application is that the lending establishments such as banks and some reputed credit card companies make the service available for all eternity. Applying to them needs you to phone the concerned party so that the forms can be mailed to you or you may pay them a visit anytime.
But thanks to the advancement of the technology as the online application for a credit card has come into being. Again, such power has clearly provided everyone the convenience and ease in the use of the credit card services.
Apply online for a credit card now. Yes, it is as easy as the 1, 2, and 3 steps. Your computer is your main tool in accessing online application for a credit card. With the use of the computer mouse, you gain entry to the portals of the various credit card firms and be able to transact with them.
The internet network is of great help in this endeavor because most of the online credit card applicants can prove that the application is very fast. The verification of the requirements will only take a fraction of time so you need not wait for so long. After a few minutes, you will be able to know if your online application for a credit card got approved or rejected.
Being equipped with an internet access, which is as of today a must for all homes, you can comfortably sit and browse the websites for the most appealing yet functional credit card offers. Most of the banks now have their homes online so transacting with them is very easy. More so, the online application for a credit card has also become as swift as how light travels.
So how do you go about the online application for a credit card? First furnish the prerequisites indicated on the website. Furnish the company with copies of these requirements through email and wait for its course of action. In a matter of seconds, you will know the result of your application. It is necessary that you take a look at the kinds of credit cards that you are capable of availing. Likewise, be very particular to the terms and conditions that come along the online application for a credit card. You must beware of scams too since these are very rampant nowadays.
Unless you try applying online for a credit card, you won’t know what you are missing. Why bother waiting the approval for your application for so long when you can have it the easy way? Just apply online for a credit card!
Mario Churchill
http://www.articlesbase.com/finance-articles/apply-online-for-a-credit-card-why-not-take-the-chance-90287.html
On average how much does one secured credit card raise your credit score per month?
Does the amount of points double if I have 2 secured credit cards?
( assuming card has a $200 limit and is only charged $10 and paid off in full monthly)
I’ve read everything from 5 points to 30 per month!
Actually there isn’t a good way to predict how many points it will add. The FICO scoring model favors you having a balance of credit, including: revolving, installment and mortgage credit.
Therefore if you have NO revolving credit at all, opening a secured card and using it responsibly (keeping the balance below 10% of your available credit and paying on time), then your score will likely see a large jump. However, having more than one card doesn’t make the jump larger.
Opening new accounts decreases your "average age of accounts," which can temporarily lower your score. Therefore opening more than one credit account can actually harm your score.
Also, other things could be keeping your score down, such as recent lates or charge offs/collections.
I’d suggest getting one or two secured cards and using them responsibly. Check your score in 90 days, if the rest of your credit history is good, you will likely see a good increase.