Best Credit Cards FAQS

January 28, 2011
Most commonly, these two terms are used to express one and the same idea. They are used interchangeably. Both credit score and credit rating are used to determine the credit risk of consumers and businesses.
January 20, 2011
If so, you should report your credit card issuer on this asap. To report your credit card has been lost, please call the customer service number given on your billing statement. They will close your current card account and issue you a replacement card. Your current card balance will be transferred to your new card account.
December 31, 2010
If you continue this way it will, actually. Every time you apply for a credit card your credit status is inquired. Such inquiries will stay on your credit report just for about a year but still credit card issuers are quite curious about how many inquiries you've made over the last six months. If there are more than ten inquiries within this period showing you are desperately looking for credit, cc companies will consider you high risk and, as a result, you will be approved less likely for a credit card. So it is better not to apply for a huge amount of credit cards in a six month period.
November 27, 2010
Unfortunately, it will. It is advised to charge no more than 30 per cent of your credit limit. Credit bureaus don't care if you pay off your card balance in full each month. They are interested in how much of your available credit you use. So, don't charge close to your credit limit if you don't want to lower your credit score. Use your credit card to build your financial future not to pay your lifestyle.
November 11, 2010
Thank you for your question. A credit limit is the maximum amount of money that a bank lends to its cardholder on a single credit card. An amount of credit you will be granted with mainly depends on your credit rating and your ability to pay that is your creditworthiness. Sometimes a credit limit is called a credit line.
September 13, 2010
Social Security Number is a required field in almost every credit or debit card application form. Federal law requires financial institutions as well as some other businesses to obtain, verify and record information that identifies each person, so social security number is requested and used for identification purposes. If you wish to apply for a credit card without a SSN, you should get legal advice on whether the law provides for customers who may not have a social security number or do not wish to provide it to financial institutions.
August 05, 2010
Since each person's situations are different, we can just give you a couple things to consider when choosing what is best for you. First of all, you need to know your credit score. A card with credit history requirements matching yours is what is best for you! Then you should understand your needs, know your habits and budget, determine your priorities – low interest rate on purchases or balance transfers, long introductory period, guaranteed approval, no annual fee, cash back, frequent flyer miles, hotel rewards, instant approval, high credit limit, etc. Choose what is best for your individual situation. For example, long 0% intro APR won't be the main determining factor, if you...
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