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0% interest free transfer
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Increasing credit card companies are offering credit cards to college students on campus.
I acquired my first credit card when I was shopping at the campus book store for a used book0% interest free transfer . My first credit card, a MBNA Visa, had a credit limit of $500. Enough to keep me out of trouble but also enough to start building my credit history file.Here are three strategies for building or rebuilding your credit file.1. If you have no credit, you can start building credit by applying for a secured credit card. A secured credit card is a type of credit card that requires you to open and maintain a bank savings account. The money in the savings account is used as security against your line of credit, in case you default on any payments. Your credit line is usually 50% to 100% of the money in the savings account.2. Another strategy to building credit is to apply for an unsecured credit card. An unsecured credit card is a type of credit card that does not require you to secure the card with a savings account. This is the traditional 0% free interest transfer credit card that you’ve come to know. You can apply for a “no credit history” credit card.3. If you are having trouble applying for an unsecured credit card, ask a family member to be a cosigner on a credit card.To increase your chances of getting an unsecured credit card, do the following:
• Apply for cards that are suitable to your financial status. Card issuers have a target demographic or people they want to offer cards to, for each credit card product. Some creditors only want customers with perfect credit.
• Open a checking or savings account in your name. This lends credibility to your financial status.
• Don’t overdraw or bounce any checks. Better yet – leave the money in the account and let it be. Most banks will let you open an account with $250 or even less.
• It helps to have a phone number or utility in your name.Following these basic steps should land you on the road to perfect credit in no time.
 I want to apply for this credit card
Low Interest Credit Cards More...
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| If your credit card interest rate is over 20% you should definitely seek relief in several ways. One of these ways is to let them know you are thinking of moving to a competitor’s credit card because they are offering a lower rate. They will move promptly to earn your dollars and interest. Let them know how unsatisfied you are about their ability to reduce your percentage rate commensurate with your ability to pay your bill in a timely manner. They will probably put you on hold immediately and speak with a manager to get your rate reduced. |
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