| |
|
Article Directory :: Finance & Investment Articles
|
Copyright © 2012
Liz Roberts 
| |
First things first! Make sure you have both a savings and checking account in good standing. Most credit card companies are going to see this as a sign of responsible money management skills. And that will go a long way in helping you to get that first credit card.
Over the course of a lifetime, you'll be seeing a lot of offers in the mail. Don't be overly impatient or drawn into something that looks like a good deal, take time to research and read the fine print as choosing the right card will literally put money in your pocket over the long run. The best criteria to judge a credit card, is by the amount of interest that it charges. The second best criteria, is to determine whether or not the credit card company is going to charge you a fee to do business with them.
If you are applying for the your first card, keep in mind that the best cards may not yet be in your financial range yet. In that case, it's safe to consider a secured credit card that requires a security deposit. The interest rates might just be a little higher than a non-secured card, but the goal is to establish credit. If you make your payments without making any late, they just may bump you up in standing and offer a unsecured credit card. This takes you one step closer to obtaining a credit card with a good interest rate and you can then close the secured credit card account. Another great feature of secured credit cards, is when you close the account, you will get your security deposit back.
What To Expect
You can expect a credit background check. Job history, income, past credit, home ownership, auto ownership and more will all be determining factors in determining how good your credit worthiness might be when it come down to paying back a loan.
Don't make the mistake of applying for too many cards at once. This looks like potential trouble to lenders and if you are turned down by any one of them, the others are sure to reject you as well. Patience is the key. Even if you have one card and are looking for a second credit card, it's wise to extend the application process out over a longer period.
A good rule of thumb is to never spend on a card what you can afford to pay in cash. This little habit will keep you spending wisely for years to come and insure that you'll always have the credit card to fall back on in an emergency.
Liz Roberts is a loan consultant with NewHorizon Finance and has been providing consumers and business owners with financing since 1989. Student with no credit? Click here for student credit card offers. Visit our site for a list of bad credit credit card
 EasyPublish™ this article - publishers click here
More articles by Liz Roberts
|
Free Report!
Ten Essential Secrets Of Article Marketing ... Grab Your Free
Copy Now:
Need Content?
Regular Top Quality Content for your Blog, Ezine or Website ...
Delivered Direct,
For Free!
Click For Details
Arts & Entertainment
Automotive
Business - General
Computers & Technology
Finance & Investment
Food & Drink
Health & Fitness
Home & Family
Internet Marketing/Online Business
Legal
Pets & Animals
Politics & Government
Reference & Education
Religion & Faith
Self-Improvement/Motivation
Social
Sports & Recreation
Travel & Leisure
Writing & Speaking
|
More finance articles: - Debt Problems: Help For The Elderly (Holly Petherbridge)
The elderly are falling to credit cards to help them keep up with the rising costs of everyday living. Fixed incomes do not support emergency expenses. There are ways to help keep additional debt from accruing and help pay off current debt. - Commercial Real Estate Ideas That Anybody Can Profit From (Stephen Hill)
Are you aware that there are practically hundreds of thousands, if not millions of properties throughout the Western world that have been foreclosed on in the last year alone? Many of these properties are commercial properties. This means that the real estate market is currently still very precarious, so you must be adequately informed as a customer before purchasing. - Student Loans: Collections Differ From Other Unsecured Loans (Holly Petherbridge)
When taking out a student loan, you are signing on to an unsecured debt which will stay with you until it is paid off. Student loans follow a different set of rules when it comes to collecting on defaulted loans. Understand your reponsibilities before you take out the loan. - The Many Factors That Go Into Your Car Insurance (Winston Takeda)
If you are puzzled about what goes into an insurance policy, then you aren't alone. In this article, you'll learn why. - Simple Tips To Get The Most Out Of Your Auto Insurance (Winston Takeda)
Believe it or not, there are plenty of ways to save money on your car insurance. In this article, you'll learn some methods that will really help. - What's Your $1 Million Business Worth? (Chia-Li Chien)
What are the three most important things in real estate investment? Location, location and location. But what makes a privately held business valuable? According to Rob Slee, founder of Midas Nation, it's timing, timing, timing. During my 2nd quarter 2010 SRI Business Retreat, Slee said you have to play the Transfer Timing Slot Game if you want to maximize your business's value for sale. Let's explore what Slee meant by that. - Know What Your Numbers Mean (Chia-Li Chien)
Have you ever faced a situation in your business and found yourself saying, "I know I need to do something, but I don't know what. Just tell me what to do and I will do it." Emotionally you feel panic, fear or even shame, especially when it comes to business finances. Potentially, that could trickle down to your personal finances, as well. - Need Money? Think Private Capital Markets (Chia-Li Chien)
When it comes to capital financing options, even savvy entrepreneurs seem to harbor misconceptions. For an overview of each option, as well as the cost (expected rate of return) associated with each option, read on. But you should always consult with your team of advisors and conduct a cost analysis to help you make the right decision.
We Automatically Distribute Articles
To Thousands Of Publishers And Web Sites:
Submit Article
All content is viewed and used by you at your own risk and we do not warrant the accuracy or reliability of any of the information. The views expressed are those of the individual contributing authors and not necessarily those of this web site, or its owner, Takanomi Limited.
|
|
