You Will Have To Wait Until You Physically Receive The Credit Card To Start Spending

Category: Finance, Credit.

With so many scams and con artists out there, many people become skeptical when they hear deals that sound too good to be true. There is no scam with these cards- you can be approved for a new credit card within a matter of seconds.

While this is generally a good practice to follow, your concerns can be set aside when it comes to instant approval credit cards online. Nonetheless, there are exceptions and a few points you should keep in mind when applying for instant approval credit cards. For those with a good or excellent credit history, instant approval credit cards generally come back as approved within a matter of seconds. Gaining Instant Approval. This is because the credit card company is able to access your credit history records and credit score quickly. In this case, you will generally receive a notification right away letting you know that you have been approved to be a card member. If your score and history meets the requirements for instant approval, your application will process quickly and smoothly.

Depending on the instant approval credit card company, you might also learn right away what your credit limit will be. This is because the credit card company needs to do more research to determine how much credit they can risk extending to you. In other cases, you might need to wait a period of time to learn how much you will be able to charge to the card. Getting Pending Approval. In this case, the credit card company thinks you might still be a good candidate for the card, but needs to acquire additional information. If your credit history is not so great or if your credit score is lower than the ideal score, you might receive a notification that your application is pending.

Although this approval process is no longer" instant, " it is still far faster than with the traditional application process. With the traditional paper application process, it can take six to eight weeks to learn if you have been approved for card membership. Generally, you will receive a notification letting you know whether or not you have been approved for the instant approval credit card within a couple weeks of application. Therefore, applying for an instant approval credit card can still be worthwhile if you want to expedite the entire process. It is important to note that instant approval credit cards are not the same as guaranteed approval credit cards. Getting Turned Down.

Therefore, it is possible to be turned down when applying for an instant approval credit card if you have very poor credit. If this happens, you should not, however be discouraged. In addition, it is possible to receive a pending approval notification only to be turned down later. There are credit cards designed for those with poor credit- even instant approval credit cards. Getting the Card. For this reason, you should shop around carefully to find an instant approval credit card that targets those with poor credit and apply for that card rather than one that is targeted toward those with good or excellent credit.

Although instant approval credit cards can be approved instantly, that doesn t mean you receive it instantly. This can take a couple weeks after you have been approved for the card. You will have to wait until you physically receive the credit card to start spending. Nonetheless, the process is still much faster than going through the traditional paper application process. Those looking for" instant" gratification with their instant approval credit card will be sorely disappointed when they discover they cannot start spending right away.

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In 1996, The Rewards Credit Cards Hit The Market

Category: Finance, Credit.

The very first credit card was the Diners club card, which was created by Frank McNamara in 195From there many companies, and banks began, stores offering credit cards.

Not only did this give the customer the freedom to have credit, but they also did not have to carry around large sums of money and could purchase larger items and pay for them later. These credit cards gave the cardholder the ability to purchase on credit and pay it back at a later date with interest payments added if the entire balance was not paid on time. In 1996, the rewards credit cards hit the market. Discover was the first to offer a rewards credit card, which gave the cardholder the chance to receive a percentage of their spending to be returned to them in the form of rebates. Today, you can find all kinds of rewards credit cards. This is similar to the cash back rewards credit cards that you see everywhere.

Next, in line was Continental Airlines that began to offer frequent flier miles. The cardholder can receive a percentage back on some of their purchases either monthly or yearly, you must purchase, however at the stores or type of stores the credit card company offers the with their cash back policy. Now, every airline and many major credit card companies have jumped on these rewards credit cards, each with their own special incentives to use their credit cards. The air miles can be used for airline tickets, and car rentals, hotel accommodations. For every purchase, you make with the air miles rewards credit cards you accumulate points, these points can then be transferred into air miles. Some however, only allow certain airlines, and car rental, hotel chains agencies.

Be sure you learn when the points you accumulate will expire or any applicable black out dates. Many times other fees such as membership fees and higher interest rates can be applied. Many people prefer rewards credit cards that fit their lifestyle such as saving points for a trip to the Super Bowl, paying off your mortgage, or taking a, visiting Disney Land cruise. There are however, limitations on most rewards credit cards. No matter what you would enjoy to do with your reward points, you are sure to find rewards credit cards with you in mind. Once you get the most points available that is it, you are no longer eligible for the benefits offered by the rewards credit card.

The more you spend the more points you will earn. Another thing to consider is that all points you receive are calculated on how much you spend. Be sure that you are not just spending to earn a terrific prize, you maybe able to purchase that prize for quite a bit less if you saved for it instead of spending more and paying interest to earn it. You will more than likely be paying more annual fees and even transaction fees to redeem your points into rewards.

Your Past Credit History Will Not Matter Anymore

Category: Finance, Credit.

When you apply for a loan or credit, the financial institution will first get your personal data and would need relevant background information on your financial status and credit history.

This way, they would evaluate your ability to pay and how well you can keep up with your dues. Then they would proceed on credit investigation to see your payment history, and financial standing, credit status. Such information is an important aspect for approval or disapproval of your loan or credit application. This means that you should have clean records on your credit history by being able to keep up with credit dues at the right amount. For you to get the loan that you need, you must establish good credit standing. With such standard, you would easily establish credit as easily as possible with any financial institution.

A good credit standing and a clean credit history is the credibility that you hold on how you handle credit. This is even true if you are lending certain amount from third party creditors, who may not be an established company. Basically, the measurement for credit standing is credit score. To establish credit, you must obtain high credit score. When you have high credit score, your loan application will most likely be approved and a low credit score will do otherwise. Credit scores can be determined by your payment history, length of history, amount of credit on credits, and type of, new credits credits. One company involved in this type of services is RCACredit.

No matter how bad your credit history is, you can actually increase your credit score through the aid of financial institutions specializing on services that establish good credit. RCACredit is financial services institution that creates programs and techniques that would help you establish good credit standing despite the unfavorable credit history. RCACredit has connections with financial institutions who would be involved in the program of making their clients obtain financial freedoms. They do this by educating individuals about the credit industry and develop financial profiles that can satisfy both lenders and consumers. The operation is legal since they follow the rules in Equal Credit Opportunity Act established in 197The rules in this act are usually followed by loan brokers, and lawyers for, real estate agents bankruptcy when they deal with clients. Besides, there are many satisfied customers who find the programs very effective in increasing their credit score.

As a legal entity, the programs and techniques are valid as well. It is easy to get the services of RCACredit as they are accessible online. All in all, with the program offered by RCACredit, you get the most favorable credit score, and get the, clean credit records loan or credit that you need at present. They can add more services that guarantee 100% efficiency which includes elimination of negative credit records, establish credit through approval of bank loans, long years of good payment records, and create credit repairs. Your past credit history will not matter anymore. You will undergo the process of renewal of credibility on your credit profile which benefits you in the long run.

You Should Dispute A Credit Report When There Is Anything Inaccurate, Misleading Or Unfair That May Lead You To Beging A Poor Credit Risk In The Eyes Of Any Credit Provision Service

Category: Finance, Credit.

You should dispute a credit report when there is anything inaccurate, misleading or unfair that may lead you to beging a poor credit risk in the eyes of any credit provision service. To get started, you will need to get your hands on a copy of your credit report.

In the long run, by disputing your report, you can improve your overall chances of getting better and cheaper access to such services, including home loans and credit cards. That is pretty easy as all of the three major consumer reporting companies are required by law to provide you with a free credit report each year, if you ask for it. Once you have your credit report, you will need to assess which of the items on it you can dispute. You can even contact them online or you can use a credit reporting company to get a combined report on your behalf. You will need to identify each and every item that is either inaccurate or misleading. Once you have that sorted, you need to write to the consumer reporting company that was responsible for reporting those specific items.

Each of these items gives you a chance to improve your overall credit score, item by item. You will need to clearly state why you are disputing each item and you will also need to provide documentary proof of your claims, if applicable. Once you have written to the relevant consumer reporting company they will investigate each claim you have made and make adjustments to your credit report. State this all in an easy to read list in order to masmize your chances of a postive result. They are legally required to do this( as long as your claim is not considered frivolous) . Many of the items you disputed should be changed, but it also gives you a chance to start the process again.

Lastly you will receive an updated version of your credit report which you will need to check again. As you can see the process of disputing a credit report is not that difficult, but it is very time consuming and boring. This will save you a lot of time and hopefully money in the long run. Many people choose to take on the services of a credit reporting company, many of who have very reasonable rates and some of who guarantee results with a standard money back guarantee. These companies will also know exactly which of the items on your credit report have the greatest chance of being changed by a dispute( it's probably more than you think! ) They are usually well worth checking out!

Credit Card Companies Are Becoming More Competitive Each Day

Category: Finance, Credit.

Credit card companies are becoming more competitive each day.

No annual fee credit cards are coupled with a lower or even zero percent APRs on the introductory period which is now the set standard in the industry. This is why the number of no annual fee cards being offered is rapidly growing. It is considered by most credit clients as a great advantage and benefit for them. Before, it was not the trend because every card user was charged to pay their annual fees. Recently, no annual fee credit cards became the most popular instruments used by most companies in marketing their cards. However, the credit card issuers realized how their clients have resented because they are obliged to pay the annual fees in order for them to utilize their cards. But clients should never think that there would be no payments at all.

The credit card issuers slowly eliminated annual fees to advance on their marketing incentives. Make sure that you carefully study all the credit card offers and features as well as understand all the written statements in your application forms before signing the contract. Don' t be fooled by some fraudulent offers. It is true that the card issuers might offer you a credit card without an annual fee within a period of one year but when it expires, it will overly charge you with a higher percentage on interest rates. Keep in mind that you could face your greatest challenge especially when you are being bombarded by lots of good card offers. Take for instance, you are not able to pay your full monthly balance, you are required, still to pay the service charge for any unpaid balances. There are always terms and conditions upon every agreement.

Likewise if you exceed the limits of your credit card, additional fees as, still high as 35 dollars are needed to be paid. So, it will turn out to be the client's loss even if they are not charged any annual fees. Also avoid paying your fees late because besides the service charge and the excess limit charge, you are also obliged to pay late fees. It would be a great lesson for people who want to apply for a new card. Any wrong move in using your credit card will cost you a lot giving you financial burden instead of helping you out. Card holders should have a definite plan regarding proper credit card handling, and paying their, spending bills responsibly.

All the transactions and the mistakes that you have done will be recorded in the reports about your credit cards. You can apply for no annual fee credit cards from a number of financial institutions and banks. Soon, these unfavorable marks will significantly affect other aspects such as home loans, new car purchase, job applications, insurance application, and interest charges when applying for another card. Once you have found the credit card that will not charge you any annual fee, immediately make an assessment regarding the other features that it offers. In every financial situation and needs, you can always find no annual fee credit card offers that will meet your needs. It can include 0% interest rate during the introductory period, and reward programs such as air miles, and others, cash back.

Just be always cautious and keep important reminders in mind.