How can you identify good credit card banks?

Answered on October 01, 2010
Updated on October 01, 2010
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
Credit cards are often perceived to be a very evil entity and something that you would essentially opt in for only if you are capable of paying the bills regularly. This is not completely true, although the latter part of the statement is complete fact. But, credit cards are not necessarily the reason that you would be in a credit card mess. If you are familiar with how the things work out, you should be able to easily identify the good credit card banks and probably get a good credit card for yourself. In most cases, the people that are unable to get goo cards are the ones that are not cellar with how credit cards work. For starters, good credit card banks are the ones that will allow you to have a credit card for either no annual rate or probably for a very small annual rate. Hence, it makes for a truly interesting option to go in for, and probably something that you would want to seriously consider, if you haven`t done so already. The annual rate of interest is a primary feature that is utilized in determining good credit cards from the ones that you can avoid and probably steer clear from. Next, you should look at the value added benefits provided by the credit card banks. If you can enjoy some add on cards to your credit cards, then this is probably something that you would want to look forward to. In many cases, it is quite evident that you wouldn`t probably be aware of this. However, at a later stage, when the need arises to get another credit card, it does help to know that your credit card bank has facilities that will allow you to get newer cards with minimal paperwork in the process. Finally, good credit card banks are also observed by their availability. This is dependent on the kind of person that you are. If you are someone that travels quite a lot, then having the support of a nationwide bank is highly recommended. Hence, when you need assistance in a different location, you should be able to get it right away without too many problems. This is something worth considering and knowing more about. In many cases, you might need assistance in order to avoid problems down the line. Also, you might have some queries that need to be resolved, and a local presence can greatly simplify this issue.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


It is hard to say which one of the credit bureaus is used most by the banks and credit card issuers to view credit scores. Every bank has its own preferences and one bank may pull different reports in different states. Some banks pull credit reports from all credit bureaus. Therefore, we recommend you to choose a credit card or a bank to apply with – you can use our card finder tool for it - and then find out which credit reports are usually pulled by this bank in your state.
The credit card companies and banks do not have an obligation to send a copy of a credit report to consumers. You can call the company and ask them to send you a copy of your credit report. The company may or may not send you a copy, depending on their policy and practice. You can get a free copy of your credit report once a year from each of the three major credit bureaus - TransUnion, Experian and Equifax. Just contact any of the bureaus to get your credit report.
A FICO score is a type of credit score that is used to assess credit risk and determine whether to extend credit. FICO scores take into account various factors in five areas to determine credit worthiness: payment history, current level of indebtedness, types of credit used, length of credit history and new credit accounts. Here are FICO scores for each credit rating: - Excellent: 750-850± - Good: 700-749± - Fair: 640-699± - Bad: 350-639± The scoring model of different credit bureaus may slightly differ because each credit bureaus uses its own formula but the average numbers are as...

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