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Displaying 0 to 3 (of 3 questions)

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Date:02 October, 2008, 01:49 am

What’s the best way to reduce balances on 2 of my credit cards and save in interest charges? I’ve been current ob all my bills but I’d like to optimize payments.

Answers:

A smart strategy to pay off your balances is to consolidate them onto a low APR or 0% APR balance transfer credit card. If, say you’re now paying your 2 cards at 16% and 18% interest rate, you would save a great deal with a 4.99% for life or 0% for 12 or 15 months. Balance transfer credit cards are issued to good and excellent credit customers, which means you should have a 660-850 FICO score and no bad payments in your name to qualify. Searching for a proper balance transfer offer on our site, make sure that its limit is larger than the total of your 2 balances. Look through the balance transfer deals and choose the right card to apply for online.

Date:05 December, 2008, 04:40 am

How do I get a credit card if I’m just out of college and there’s only a student’s loan with good payment history? I need a credit card asap, please.

Answers:

If there is some payment record in your name then there should be a credit score at one or all the credit bureaus. A valid credit score allows you to qualify for one of the low limit card offers from Capital One. Credit cards for limited credit are created for those with no or little history looking to build it up to a good level. They offer special terms and conditions favorable for young adults' needs and paying resources. Some limited credit offers come with no annual fee and even rewards. You'll take advantage of low APRs on purchases and 0% introductory offers. These cards allow building strong credit history as long as you make payments on time and keep balances below limits. Apply for a credit card with low score requirements online and star building your credit rating.

Date:05 December, 2008, 05:16 am

I recently applied for Discover card but was denied, I don’t get why as my credit has always been good. I did exceed limit on one of my current cards but it was the first time for the whole time. I perceive this denial hurt my scores. What do I do now?

Answers:

Due to the credit crisis we have now, creditors are imposing tougher eligibility requirements. While exceeding the limit only once is not that serious in fact, banks may want to lower their risk and so use it against you. As to the denial - yes it affected the score but only by a few points, so access to new credit is still available. As your score must be somewhere within the range of fair credit after the denial we suggest that you try applying for a credit card with fair credit offered by Capital One Bank. Our web site features some of the top offers for fair credit applicants and provides application for each of them. You'll find favorable rates and fees, as well as rewards on some deals. Qualifying customers will get a nice credit limit, 0% APR on purchases and a grace period. These credit cards help improve your rating and raise the scores overtime if you keep to responsible card use and make all your payments on time.

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