It can be disheartening when you apply for a credit card and get turned down. However, in the vast majority of cases, it really is not anything that you need to worry about. While there are some people out there who would be approved for virtually everything they could think of applying for, for the vast majority of us, applying for a credit card can take a little time and some trial and error.
Credit card providers generally have pretty strict criteria that they are looking for from applicants when they launch a new credit card. They will be targeting the card at a specific segment of the market and will have a credit score range that they are seeking from applicants. If you do not fall within this score range, you will not be in their target range and will be refused the card. But this does not mean that you will not be successful when you apply for another credit card that is targeting your section of the market. And it is important not to take the rejection to heart.
Determining Your Credit Score
You may feel that you are trustworthy and always pay your bills and that you should not be turned down for credit, but remember that credit approval is no longer a personal exercise but is by and large automated and subject to computer credit checks and the like. A computer will look at your credit score and give a yes or no answer, and no individual attention will be paid personally to your application at all. It is a necessary way of running the system for lenders who have literally thousands of clients and applications to manage as efficiently as possible.
The Next Step After Rejection
If you are refused for credit, then apply to a couple more companies. You should try not to rush the process and apply for one card at a time. You usually receive your answer within a couple of days. The reason for this is that if you apply for too much credit too quickly, it will show up on your credit report and may cause lenders to turn you down. So be patient and if possible, ask the lender why they have rejected you.
Patience is a Virtue in Credit Card Applications Too
The chances are you are simply applying for the wrong type of card, for example, if you are a student, you will really only be approved by companies that make a point of providing credit cards to students and most other will reject you as a matter of course. So by a little patience, and taking the time to make your application to a credit card company that targets the segment of the market that you fit into, you should be able to get your hands on a credit card before too long.
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of poor credit history credit cards. Also, visit http://www.CardGuide.co.uk/ for more credit card information.
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
Article Source: http://EzineArticles.com/149115
Credit card providers generally have pretty strict criteria that they are looking for from applicants when they launch a new credit card. They will be targeting the card at a specific segment of the market and will have a credit score range that they are seeking from applicants. If you do not fall within this score range, you will not be in their target range and will be refused the card. But this does not mean that you will not be successful when you apply for another credit card that is targeting your section of the market. And it is important not to take the rejection to heart.
Determining Your Credit Score
You may feel that you are trustworthy and always pay your bills and that you should not be turned down for credit, but remember that credit approval is no longer a personal exercise but is by and large automated and subject to computer credit checks and the like. A computer will look at your credit score and give a yes or no answer, and no individual attention will be paid personally to your application at all. It is a necessary way of running the system for lenders who have literally thousands of clients and applications to manage as efficiently as possible.
The Next Step After Rejection
If you are refused for credit, then apply to a couple more companies. You should try not to rush the process and apply for one card at a time. You usually receive your answer within a couple of days. The reason for this is that if you apply for too much credit too quickly, it will show up on your credit report and may cause lenders to turn you down. So be patient and if possible, ask the lender why they have rejected you.
Patience is a Virtue in Credit Card Applications Too
The chances are you are simply applying for the wrong type of card, for example, if you are a student, you will really only be approved by companies that make a point of providing credit cards to students and most other will reject you as a matter of course. So by a little patience, and taking the time to make your application to a credit card company that targets the segment of the market that you fit into, you should be able to get your hands on a credit card before too long.
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of poor credit history credit cards. Also, visit http://www.CardGuide.co.uk/ for more credit card information.
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
Article Source: http://EzineArticles.com/149115
Apply for the RushCard today. Here are the numerous reasons why...
If you are interested in applying for a credit card, the Prepaid Visa RushCard is my choice hands-down. The benefits of having and using a Prepaid Visa RushCard are numerous and I am going to share the reasons why the RushCard is better than other credit cards.
We have all been in situations when we are at the register, and the employee behind the register invites you to apply for the store credit card. If you don't already have the store credit card, the first thing they say is that you'll get a certain % off your current purchase if you apply and get approved for the store credit card.
Now here's the dose of reality. Many of us have been there and currently have at least 1 store credit card as a result of falling for that exact scenario. The reality is that owning that store credit card doesn't save you any money. In fact, the store is earning money as a result of what you're spending.
Enter the RushCard. Here is a prepaid Visa debit card where you only spend what you have deposited. You don't have to worry about paying for something at the end of the month with interest, that you'd probably regret buying in the first place. You don't have to worry about making a purchase for something using your bank debit or credit card then finding out later that you didn't have enough money in your account when you made the purchase. It is very frustrating when you find out that your bank account has been overdrawn and on top of that, having to pay a $30+ overdraft fee doesn't make it any better.
Using the Prepaid Visa Rush Card keeps you on track and helps to protect you against over-spending. The Rush Card prevents you from making the impulse purchases we all have made using store credit cards, major credit cards and even our bank credit or debit cards. If you are not sure how much money you have on your RushCard, you can call their 800 number 24 hours a day or check your RushCard online account anytime.
The RushCard has minimal fees especially when you compare their fees to the major credit card companies and bank fees. You can use the Prepaid Visa RushCard at any ATM and the Rush Card is accepted worldwide wherever VISA debit cards are accepted. There are also select ATMs with Display Option that can be used with no surcharge fees.
What also makes the Prepaid Visa RushCard the card of choice, is that you can conveniently add money to your Rush Card in a variety ways. The Prepaid Visa RushCard lets you add money through direct deposit, through PayPal, or in person, through MoneyGram at a local store in your area. If you want to have your paycheck directly deposited to your Rush Card, this can be done in a few quick and easy steps.
You can also use MoneyGram to add money to your RushCard within a matter of minutes for a small fee of $3.95. As if those options weren't convenient enough, you can also purchase a Green Dot MoneyPak at stores like Wal-Mart for a small purchase of $4.95. With the Green Dot MoneyPak, your transaction isn't complete until you login to your online account after you've added the cash to your RushCard. The purpose for the online login is to confirm the transaction using your receipt from your Green Dot MoneyPak purchase.
Speaking of logging into your online Rush Card account, did I share that the RushCard allows you to also pay bills online using their RushCard Bill Pay option? Oh yes, and that includes utility bills, monthly bills, as well as sending a check to a friend. With the Rush Card Bill Pay option, you can set up payments as far as one year in advance! You can set up bill payments, reschedule bill payments, or cancel bill payments using the Prepaid Visa RushCard.
For those like me who like to receive text alerts regarding your financial accounts, you can set up alerts for your Prepaid Visa RushCard. The RushCard text alerts can be set up to notify you of any deposits, alert you to a low available balance, and/or alert you when you are close to your spending limit, and much more. With the Prepaid Visa RushCard, there is no way that you should get into debt because you are using only the money you put on the RushCard.
The current economy has affected all of us; lost jobs, reduced wages, and loss of income, all equal debt. The RushCard has many benefits that assist those who want to get out of debt or who want to set up a budget plan. The Prepaid Visa RushCard offers an optional FREE Rush Path to Credit that members can enroll in and have their payments tracked and sent to 2 national credit reporting agencies.
This allows your payment history to be automatically sent which will help either build your credit history or repair your credit history. When you set up your RushCard online account, you can also create a budget, track your progress and receive text alerts if you make a purchase that exceeds your set budget amount. By now, you should be in the middle of the Prepaid Visa Rush Card application process! What are you waiting for?
Fill out a Rush Card application today. You will be glad you did....I know I am :-)
If you are interested in applying for a credit card, the Prepaid Visa RushCard is my choice hands-down. The benefits of having and using a Prepaid Visa RushCard are numerous and I am going to share the reasons why the RushCard is better than other credit cards.
We have all been in situations when we are at the register, and the employee behind the register invites you to apply for the store credit card. If you don't already have the store credit card, the first thing they say is that you'll get a certain % off your current purchase if you apply and get approved for the store credit card.
Now here's the dose of reality. Many of us have been there and currently have at least 1 store credit card as a result of falling for that exact scenario. The reality is that owning that store credit card doesn't save you any money. In fact, the store is earning money as a result of what you're spending.
Enter the RushCard. Here is a prepaid Visa debit card where you only spend what you have deposited. You don't have to worry about paying for something at the end of the month with interest, that you'd probably regret buying in the first place. You don't have to worry about making a purchase for something using your bank debit or credit card then finding out later that you didn't have enough money in your account when you made the purchase. It is very frustrating when you find out that your bank account has been overdrawn and on top of that, having to pay a $30+ overdraft fee doesn't make it any better.
Using the Prepaid Visa Rush Card keeps you on track and helps to protect you against over-spending. The Rush Card prevents you from making the impulse purchases we all have made using store credit cards, major credit cards and even our bank credit or debit cards. If you are not sure how much money you have on your RushCard, you can call their 800 number 24 hours a day or check your RushCard online account anytime.
The RushCard has minimal fees especially when you compare their fees to the major credit card companies and bank fees. You can use the Prepaid Visa RushCard at any ATM and the Rush Card is accepted worldwide wherever VISA debit cards are accepted. There are also select ATMs with Display Option that can be used with no surcharge fees.
What also makes the Prepaid Visa RushCard the card of choice, is that you can conveniently add money to your Rush Card in a variety ways. The Prepaid Visa RushCard lets you add money through direct deposit, through PayPal, or in person, through MoneyGram at a local store in your area. If you want to have your paycheck directly deposited to your Rush Card, this can be done in a few quick and easy steps.
You can also use MoneyGram to add money to your RushCard within a matter of minutes for a small fee of $3.95. As if those options weren't convenient enough, you can also purchase a Green Dot MoneyPak at stores like Wal-Mart for a small purchase of $4.95. With the Green Dot MoneyPak, your transaction isn't complete until you login to your online account after you've added the cash to your RushCard. The purpose for the online login is to confirm the transaction using your receipt from your Green Dot MoneyPak purchase.
Speaking of logging into your online Rush Card account, did I share that the RushCard allows you to also pay bills online using their RushCard Bill Pay option? Oh yes, and that includes utility bills, monthly bills, as well as sending a check to a friend. With the Rush Card Bill Pay option, you can set up payments as far as one year in advance! You can set up bill payments, reschedule bill payments, or cancel bill payments using the Prepaid Visa RushCard.
For those like me who like to receive text alerts regarding your financial accounts, you can set up alerts for your Prepaid Visa RushCard. The RushCard text alerts can be set up to notify you of any deposits, alert you to a low available balance, and/or alert you when you are close to your spending limit, and much more. With the Prepaid Visa RushCard, there is no way that you should get into debt because you are using only the money you put on the RushCard.
The current economy has affected all of us; lost jobs, reduced wages, and loss of income, all equal debt. The RushCard has many benefits that assist those who want to get out of debt or who want to set up a budget plan. The Prepaid Visa RushCard offers an optional FREE Rush Path to Credit that members can enroll in and have their payments tracked and sent to 2 national credit reporting agencies.
This allows your payment history to be automatically sent which will help either build your credit history or repair your credit history. When you set up your RushCard online account, you can also create a budget, track your progress and receive text alerts if you make a purchase that exceeds your set budget amount. By now, you should be in the middle of the Prepaid Visa Rush Card application process! What are you waiting for?
Fill out a Rush Card application today. You will be glad you did....I know I am :-)
So you've finally decided to get a business credit card. Yes, they are great tools for managing your business finances. However, don't forget that not all cards in the market are as promising as they seem to be. It is up to you to find the right card that matches the needs and spending style of your business. In this article, let's discuss the steps you need to do before applying for it.
Check your credit.
Check your credit report and see whether your credit rating is enough to get approved for the best business credit cards in the market. If you don't have a corporate credit, your personal credit history would be used. Do you think you can improve your credit score? Remember, a high credit score would give you more power in choosing a credit card with the lowest rates and best deals.
Compare business credit cards.
How do you compare? With so many choices in the market, it would be easier if you check out review sites. These websites present reviews on different cards so you can filter out the ones with the best potential. Here, the best and weakest features are often highlighted so you can have a better view on what each card has to offer. It is also arranged according to categories so you can narrow down your choices right away.
Another important step in comparing business credit cards is reading the fine print. The Terms and Conditions page may be long and the letters are printed in very small letters. However, take the time and effort to read and understand every statement in the page. This is where you'll see the real costs about which you're considering. Don't be content with what the ads tell you. Even reviews won't give you the complete information. To learn everything you need to know about a card, read the fine print.
Rewards or non-rewards?
As you search for it, you'll see some with rewards programs and some without. Which one would you choose? It may be easy to say that a card with rewards is better than a non-reward business credit card. However, don't make decisions in a rush.
First, you need to consider how intend to pay off your bills. Are you sure you can pay off your monthly balances in full? Or do you intend to use it for larger purchases? If you plan to carry your balances from month to month, a reward credit card may not be the best choice. Why?
Take note that cards with rewards carry higher interest rates than non-rewards. If you can't pay off your monthly balances in full, you'll be charge with high interest every time. In the end, the value of the rewards you get may not even be enough to offset the additional interest charges.
Pamela Williams is a Loan Consultant, Internet Marketer, Writer and owner of BusinessCreditCardSite.com, a finance company in Las Vegas, Nevada that provides support for businesses all across the US particularly with obtaining credit cards for business. Visit http://www.businesscreditcardsite.com
Article Source: http://EzineArticles.com/?expert=Pamela_Williams
Article Source: http://EzineArticles.com/4659419
Check your credit.
Check your credit report and see whether your credit rating is enough to get approved for the best business credit cards in the market. If you don't have a corporate credit, your personal credit history would be used. Do you think you can improve your credit score? Remember, a high credit score would give you more power in choosing a credit card with the lowest rates and best deals.
Compare business credit cards.
How do you compare? With so many choices in the market, it would be easier if you check out review sites. These websites present reviews on different cards so you can filter out the ones with the best potential. Here, the best and weakest features are often highlighted so you can have a better view on what each card has to offer. It is also arranged according to categories so you can narrow down your choices right away.
Another important step in comparing business credit cards is reading the fine print. The Terms and Conditions page may be long and the letters are printed in very small letters. However, take the time and effort to read and understand every statement in the page. This is where you'll see the real costs about which you're considering. Don't be content with what the ads tell you. Even reviews won't give you the complete information. To learn everything you need to know about a card, read the fine print.
Rewards or non-rewards?
As you search for it, you'll see some with rewards programs and some without. Which one would you choose? It may be easy to say that a card with rewards is better than a non-reward business credit card. However, don't make decisions in a rush.
First, you need to consider how intend to pay off your bills. Are you sure you can pay off your monthly balances in full? Or do you intend to use it for larger purchases? If you plan to carry your balances from month to month, a reward credit card may not be the best choice. Why?
Take note that cards with rewards carry higher interest rates than non-rewards. If you can't pay off your monthly balances in full, you'll be charge with high interest every time. In the end, the value of the rewards you get may not even be enough to offset the additional interest charges.
Pamela Williams is a Loan Consultant, Internet Marketer, Writer and owner of BusinessCreditCardSite.com, a finance company in Las Vegas, Nevada that provides support for businesses all across the US particularly with obtaining credit cards for business. Visit http://www.businesscreditcardsite.com
Article Source: http://EzineArticles.com/?expert=Pamela_Williams
Article Source: http://EzineArticles.com/4659419
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