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Automotive Credit Cards

Our society has made owning a credit card an absolute necessity. Credit cards are used for purchases, renting hotel rooms, renting cars, traveling, and many other types of transactions. Some credit cards offer rewards to their customers in various ways that customers will take advantage. Automotive credit cards are credit cards that offer rewards to their customers when making certain purchases for their automobile. In fact, automotive credit cards are specifically developed for car manufactures that allow people to earn rewards when they purchase parts and other services from the manufacturer. For example, GM provides an automotive credit card that customers can earn rewards and discounts when purchasing GM products or services.

Each automotive credit card will offer different reward programs to their customers. If a GM vehicle owner needs to purchase parts or a service for their vehicle, they can use an automotive credit card provided by GM in order to save money. The rewards and discounts provided by automotive credit cards help people save money while maintaining an excellent credit score. On top of saving money on automotive parts and services, customers will also earn cash back rewards on items like gas and groceries. Cash back reward programs are paid to the account holder by percentage.

Automotive credit cards are not only used for gas, groceries, parts and services. They are also used to actually purchase a new or used vehicle. In fact, purchasing a new or used vehicle with a automotive credit card will help the account holder save money on their car purchase. Car purchasing through an automotive credit card provides a rebate to the car buyer. Automotive credit cards are an alternative way to finance a new vehicle purchase or lease, while earning rebates and points on the purchase or lease at the same time.

There are many advantages to these types of credit cards like the fact that most automotive credit cards have no annual fee and interest rates are fairly low. In fact, people who use automotive credit cards for purchasing a new vehicle will pay the same amount of interest as they would with a traditional automobile loan. Most automotive credit cards require the applicant to have a decent or excellent credit score in order to qualify. Interest rates may vary depending on the applicant’s credit rating. There are many different automotive credit cards to choose from, and it’s advised to research them online and compare rates.

Most car manufactures offer an automotive credit card like Toyota, Subaru, Lexus, GM, BMW, etc. However, major financial institutions like Chase also offer automotive credit cards to their customers. Automotive credit cards are not only known to give discounts and rebates on purchases like auto parts and auto service. These credit cards can be used for everyday purchases like groceries and gas. The advantage that this card has over most other credit cards is the fact that every purchase that is made is earning points towards the purchase of a new vehicle.

People who use credit cards frequently are recommended to apply for an automotive credit card. The rewards and points will accumulate towards a new vehicle purchase from a dealership. The points work much like earning points when flying. Those who have automotive credit cards are advised to use their credit card as much as possible instead of using cash or other forms of payment. The points will add up quicker, and the automotive credit card holder will be surprised to find out that they have earned points towards the purchase of a new vehicle. With rewards like these, it’s hard not to use the automotive credit card.

Travel Reward Credit Cards

Credit card companies offer different types of rewards in order to attract more customers. Credit card customers will receive rewards like cash back, points, and travel rewards. Among these rewards, travel reward credit cards are among the most popular type of credit cards. Travel reward credit cards are used by individuals that want to earn rewards for trips like vacations, visiting family and many other types of traveling adventures. There are a number of credit card companies that are competing with each other to corner the market on credit cards that offer travel rewards. Most of these credit cards carry the Visa or MasterCard logo.

Chase Marriot Rewards Visa card is a credit card designed for those who travel frequently. Those who travel and spend money on hotels and car rentals will use the Chase Marriot Rewards Visa card to earn points towards traveling. The American Express Blue Sky card is another travel reward credit card that offers a wide variety of benefits when traveling. This card has no fees, and customers will receive $100 for travel purchases for every 7,500 points they earn on the card. The Capital One Venture Rewards card provides miles for every dollar that is spent on the card.

The Miles Discover card offers 12,000 bonus miles for new accounts. During the first year of using the Miles Discover card, the customer will receive 1,000 miles every month that they make a purchase. There are no limits on the miles in which the card hold can earn on the Miles Discover card. Chase bank has offered new line of credit cards, one of which is the Chase Sapphire card that offers points and travel rewards. If a new customer spends $3,000 in the first three months of opening a new account, they will receive 25,000 points. 25,000 points are equivalent to $250 that can be used towards a plane ticket.

Popular airliners also offer their own travel reward credit cards like Southwest Airlines. Southwest Airlines offers travel reward credit cards like the Southwest Airlines Rapid Rewards Plus credit card. This credit card offers $50 to the customer the first time the card is used. Points are earned towards travel expenses like flights and hotel rooms. Continental Airlines OnePass Plus card is another travel rewards credit card that is offered by a major airline company. Travel reward credit cards like the Continental Airlines OnePass Plus card offers cash back online with bonus miles that can be used for any flight.

The Citi ThankYou Premier card offers 50,000 bonus points for new customers. This travel rewards credit card offers advantages that are not found with other travel reward credit cards. For example, points are earned with this credit card every time it is used for traveling on an airline. On top of earning points for airline tickets, customers who use this credit card to buy airline tickets will earn points towards future airline tickets. Those who travel often are advised to apply for this travel rewards credit card.

Travel reward credit cards are extremely popular for those who travel often, and for those who want to earn points for vacations and other travel purposes. There are countless travel reward credit cards online that customers have to choose from. People are advised to research the rewards that credit cards have in order to determine what card they will benefit most from. Travel cards are not for everyone, like those who never travel or go on vacations. People who don’t fly will not benefit from travel reward credit cards. These cards are also often used by businesses that send their employees on business trips as well.

0% Interest Credit Cards

Owning a credit card is definitely a necessity in today’s society. Many companies will not provide services without the use of a credit card like renting hotels and vehicles. Credit cards are used to make purchases as well as deposits to secure a certain item or service. Some credit cards have an outrageous amount of interest being charged, which are typically designed for poor credit individuals. Other credit cards have a fairly low interest rate for those who have an excellent credit rating. However, these interest rates can fluctuate and change over time. In fact, credit card customers will often experience a low interest rate in the beginning of the contract.

After a certain period of time, the interest rate on a credit card will most likely go up. Even zero interest credit cards will have an introductory interest rate that will eventually go up. There are many different ways to take advantage of zero interest credit cards. In fact, individuals are able to pay off their balance before a payment is required in order to avoid interest. Paying off a credit card balance before a payment is required is only one way to avoid interest on credit cards. If the customer pays off their credit card balance every month, they will never have to pay on interest.

All credit cards can have a zero interest rate associated with the credit card if the balance is paid in full before the first payment is required. However, balance transfers also offer opportunities for zero interest credit cards as well. Balance transfers are the process of moving the balance from one credit card to another. Many credit card companies will offer a zero interest introductory rate to the customer if they transfer their balance. However, the introductory rate usually only lasts around 6 to 12 months.

A strategy that a lot of credit card users will implement when trying to avoid interest rate is performing balance transfers periodically. In other words, the customer will have their balanced transferred to another credit card before the introductory rate is over. By doing so, the customer is able to avoid paying interest rates, which ultimately leads to paying off the debt at a faster rate. There are more ways to avoid interest on credit cards like credit cards that offer discounts and bonuses. Credit cards that offer cash back rewards provide the customer the opportunity to use those rewards to pay for the interest.

In order to take advantage of credit cards that offer cash back rewards and zero interests, the customer must have an excellent credit score. These types of credit cards are basically designed for customers who have an excellent credit rating. The only way to avoid interest when having poor credit is by paying off the balance of the credit card before making the first payment on the amount that is borrowed. Those who have an excellent credit rating will experience zero interests for as long as 24 months with some credit card companies.

There are certain companies that offer no interest credit cards for qualifying customers. If you are seeking a personal credit card of this type, the first requirement is usually a high credit score. Companies will reward applicants who have good credit with no interest introductory rates. Make sure you read the fine print to see what the rate will be after the no interest period expires. Credit card holders who have an excellent credit score can take advantage of zero interest credit cards by transferring their balance every time their zero interest periods are over. Credit cards that provide zero interest for 24 months are high recommended in order to take advantage of getting out of debt. Some credit cards will offer zero interest on purchases during the zero interest periods. By paying off balances early, transferring balances, and using cash back rewards to pay interest, the customer is able to avoid interest payments all together on credit cards. This process also helps improve the individual’s credit score as well.

By shopping around and investigating different credit card offers before applying, you can find the best one that not only offers a decent no interest introductory period but a low interest rate following this period. A few companies to look into include Chase, Capital One and Discover.

If you need a business credit card there are also opportunities to get zero interest for a certain duration. As a business owner, your goal is to spend as little as possible on unnecessary expenses so your profits are higher. So, in addition to interest rates you’ll want to look at account origination fees, annual fees, late fees, balance transfer fees and any other charges applicable. All of this information is detailed in the terms and conditions section of any credit card application.

You may want to check with your local bank or credit union to see what kind of credit card offers they have available, especially if you already have a personal or business account with the institution. This way you can work directly with a representative at the bank to discuss the credit card options available to you and ask any questions you may have about the terms and conditions. And, many financial institutions have exclusive credit card deals for current members in good standing.

Another method of locating no interest credit cards is to use the Internet for research. Use a major search engine to look for credit cards with zero interest. You will find direct credit card companies with whom you can apply online as well as brokers and review sites where you can access a wide variety of different companies. It should be noted that applying for multiple cards can hurt your credit rating because the number of inquiries, or applications submitted, does have an effect on your score. So, read up on any credit card offers you are considering and compare the features and costs of your favorites before deciding on one.

Whether you apply for a credit card at a financial institution, over the telephone with a company representative or online the process is much the same. You will be asked to provide basic information about yourself including your name, address, telephone number, email address and social security number. If you have lived at your current address less than five years, you may be asked to provide your previous address.

You will also need to provide financial information. This information will include verification of your income from your job or business, your expenses, and in some cases your tax returns. Your income to debt ratio will be analyzed in addition to your credit rating. All of this information is used to determine whether or not you qualify for any no interest credit cards or even the lowest interest credit cards.

Even if you are unable to qualify for any no interest credit cards you may still be offered credit cards with low interest rates. If you demonstrate over a period of time that you are able to make your payments on time you may be offered a better deal in the future. Another thing you should know is that many credit cards, especially those for business owners, offer incentives like rewards points, cash back and frequent flyer miles.

Prepaid Credit Cards

New products in the financial space, prepaid credit cards are increasingly becoming the new financial product of choice. They offer excellent benefits to cardholders and issuers alike, and it stands only to reason that more people will be using prepaid credit cards in the future.

Securitized Cards
Prepaid credit cards are also called secured credit cards because they are secured by the amount of deposit the new card user puts in their account. If the credit card user does not pay back their credit card debt, then the company is able to take the money that was put on deposit as payment, effectively protecting themselves against the risk that the borrower spends more than they can afford.

In general, opening a secured credit card is easier than opening any other type of credit card. Some credit card issuers demand that any credit card is backed 100% by deposit, while others may require only 25-50% of the credit line be backed at any one time. Usually offered to those with bad credit, or people who have no credit, the secured credit card is a great way to build up your credit score for future, unsecured borrowing.

Shopping for Prepaid Credit Cards
In general, there are a few things you should look for when seeking out a prepaid credit card:

Low securitization – A 50% secured card is better than a 100% secured card for the consumer since for every $1 they deposit into the account, they receive $2 in a credit line. Typically, a low securitization will allow for a better credit card, since you’ll get a higher total credit line and more flexibility in how you can spend your money.

No Annual Fee – As you can imagine, secured credit cards do not generate a lot of interest for the banks that issue them—there is no reason to ever pay interest on a secured card, since it is backed with your own deposits. Thus, banks need a good way to make money on the cards they issue, and will often charge an annual fee ranging from $0-35 per year. No annual fees are preferred, since you should never have to pay money just for the privilege of borrowing small amounts of money.

Interest Rates – Unlike other card types, there are two interest rates you should pay attention to with secured cards. First, as with any credit card, you’ll want to make a mental note of the annual percentage rate, or APR, which is assessed on your carried over debt. Secondly, note the rate that you receive on your secured card deposit. The money that you use to back your secured credit card is your own, and it should receive a rate of interest in line with current savings rates. During periods of higher yields, this amount will often be in line with money market accounts and funds, though it will still lag long term deposit interest rates. At 4%, for example, your $500 deposit amounts to $20 in positive interest each year, and you should make sure that you get every dime of it!

Convertibility – Secured credit cards are very often a great way to raise your borrowing profile. Many cards offer the opportunity to advance from a secured card to an unsecured card after several consequitive monthly payments. Others, however, will only let you convert to partially secured, in which case you’ll only have to prepay a fraction of the credit line. It would be advised that you try first for a partially secured card with convertibility and then work from there down to 100% secured cards with convertibility and then to simply 100% prepaid credit cards.

Not Prepaid Gift Cards
One important distinction that must be made is that prepaid credit cards are not the prepaid American Express, Visa, Discover, or MasterCard products that you see in the checkout aisles. No, a prepaid credit card will allow you to spend and pay back what you’ve spent, and will also charge interest on the swipes you make. They cannot be purchased over the counter, and they are not, in any way, intended for use as gift cards. Instead, they require a credit check, a full page application, and a process that is very much in line with any other credit card, secured or unsecured.

Instant Approval Credit Cards

Applying for a credit card is something that should be thought out and planned ahead of time. The process typically takes weeks, or even months. There are only a select few credit cards that provide instant approval. Chances are you could find a better interest rate and credit card terms with a different credit card that does not offer instant approval. Therefore, it is suggested that you at least compare your options before applying for an instant approval credit card. If the credit card you wanted to apply for already though is an instant approval card then it just serves as a great perk.

The options for instant approval credit cards vary tremendously depending on your credit rating. If you are set on obtaining a credit card then you will want to look for the credit card offers for individuals in your credit rating range. It would be pointless to apply for a credit card for those with bad credit if you have excellent credit. So, make sure you compare the instant approval credit cards that are available and find the one with the best terms and interest rate possible that you believe you would qualify for.

Choosing an Instant Approval Credit Card
As already said, comparing your options of instant approval credit cards is crucial for you to find the best card for you. It is absolutely essential that you compare the interest rate and credit card terms if you want to obtain the best credit card that you can qualify for. Also, finding the right card could mean higher credit card limits, less additional fees, and a better bonus package or rewards program. So, it is definitely in your best interest that you spend some time to compare your options and choose the right instant approval credit card for you.

How an Instant Approval Credit Card Works
An instant approval credit card is applied for online. There is a form that you will fill out with your personal and financial information. When the form is completed it will be processed and you will immediately receive a result on whether you were approved or not. Many instant approval credit card applications are not really instant though and results could take a few minutes or hours to receive.

Benefits of Instant Approval Credit Cards
There are many benefits to applying for an instant approval credit card. The instant approval feature is great as it provides immediate or very quick results on whether you are approved or not. This is very beneficial for a number of reasons. For one, it prevents you from wasting many weeks applying for one card before trying to qualify for a different one. Secondly, if you already know the card you want and know you should qualify easily then it speeds up the process tremendously.

An instant approval credit card application is very useful for those that already know which card they want to get. If you are looking to obtain a secured credit card to build your credit history then the instant approval option will be very beneficial. There is less need to evaluate your application so the decision can be made through their computer instantly or through a quick evaluation within a very short amount of time.

Downfalls of Instant Approval Credit Cards
The major downfall of instant approval credit cards is that most of them are low quality. The interest rate for these cards is typically very high and most of them are tailored to those with poor credit. The instant approval cards that are available for those with a better credit rating are also lower quality on average to most other options of credit cards. There is definitely a good chance that you can find a better credit card if you look at options that do not have instant approval if your credit score is decent.

Should You Apply for an Instant Approval Credit Card?
If you would like to obtain a secured credit card to build your credit history then there is no issue with going the route of an instant approval application. If you are specifically interested in a card that is available with instant approval then it is not an issue either. However, it is highly recommended that you look into the credit cards that are available so you can compare the credit card interest rates and terms that are available to find the best deal possible.

Ultimately, you do not want to just pick the first credit card you see so narrowing your choices of credit cards to apply for based on approval time is not recommended. To close, instant approval credit cards are great for certain purposes but you should definitely know what your other options are before applying for one.

Low APR Credit Cards

The abbreviation APR stands for Annual Percentage Rate. This is the rate that is levied by the credit card company on all outstanding balances. It is a monetary variable charged for the current year. For example, an annual 10% APR will mean that the interest charged on the credit card works to 0.833% monthly. This is the rate at which all balance of payments carried forward to the next month will be charged. The PR is mentioned in the disclosure statement issued by the credit card company.

Suppose a card has an APR of 24% and the cardholder has an unpaid amount of $600, then the credit card will be loaded with an additional amount of $12. This is because the incidence of interest works out at 2% per month, and 2% of $600 is equal to $12. Therefore, this is the amount of interest charged on the outstanding balance carried forward to the following month by the cardholder. This APR may vary with reference to the nature of purchases made as well as the volume and frequency of purchases.

Additional incidence
This feature of APR is expressed as a percentage and conventionally describes the additional incidence of the obligation of payment of interest by the cardholder for not paying his entire dues. This monetary charge has two definitions. One is the nominal rate and the other is the effective APR. The nominal rate is arrived at by multiplying the number of periods of payment with the rate charged for that period of payment in a specific year. It is simply the interest rate charged as a percentage annually, whilst the effective rate is the interest rate compounded and is inclusive of fixed fees.

Influencing factors
There are a myriad of factors that affect the APR, the most predominant is the credit rating of the cardholder. The financial scenario and the prevailing rate of interest in the market will also influence at what level the APR will be charged by the credit card company. There is always a modification and correction made to the Federal Reserve rate, along with the prime rate so as to keep inflation in control and to boost the economy by encouraging borrowing.

Volatility of APR
As a consequence to these corrections, credit cards with low APR today may not enjoy the same low level in years to come. The bleak state of the economy and volatility in the credit scenario warrants even low APR credit cards to have a rate range of 8% to 12% per year. Rare will be the occasion when the credit card will be offered at a lower APR. Today there are companies offering 0% APR but this rate is only for a fixed period of time and on expiry of this period the rate will be hiked up to the usual 20% plus level.

Benefit of high credit rating
Generally, individuals who enjoy a high credit rating will be offered credit cards with a low APR due to a lesser risk of default on payments by that individual. Since the individual enjoys an excellent history of credit, the company issuing the card will find him a safe bet for payment of his dues and may offer him a card with 0% APR or a low APR card. There may be a vast fluctuation in the variables applied for APR calculation which may even reach 50%, meaning that one card may have 0% APR whilst another has 50% APR.

Only balance affected
An important aspect of this APR is that the interest is calculated only on the balance amount carried forward from the previous month, and is not applicable for any new purchases made during the current month. That is unless the balance amount is left unpaid and carried forward to the subsequent month. Due to any unavoidable financial constraints, an individual may pay the minimum amount required in the current month and keep a certain amount as the balance. Then that balance amount will be liable for the APR charges. But any new purchases made within the credit limits enjoyed by him during the next month will not have this APR levied.

Intro offers
With a low APR credit card you can enjoy festival shopping, vacationing to exotic places, or making a purchase involving substantial amounts of money. Such a card will help you to spread out your payments over a period of time with 0% to low interest being charged. These low APR cards can also be effectively used to transfer balances to other credit cards, which may have a higher APR associated with them. Thus, you can save the difference in the interest rates and profit. Introductory offers may range from 0% to a mere 4% for a period of six months to even a year. And even after the expiry of this initial offer, the APR will be low up to a maximum of 15.99%. The introductory rate offered may even cover purchases as well as balance transfers.

No Personal Guarantee Business Credit Cards

No personal guarantee business credit cards are a dying breed in lending, but that doesn’t mean your business should have to suffer. Even while the small business credit card industry trends toward personal guarantees, you do have some choices in borrowing money for your business with a non-PG credit card.

Building Business Credit
Business credit is a necessity to achieving a no personal guarantee business credit card. This doesn’t just mean having a good business revenues or income statement; banks want to know that a borrower has the history necessary to make them capable managers of corporate funds.

Building business credit takes time, but it’s not difficult. Here are a few first steps:

1. Dunns and Bradstreet – DnB, as the ratings agency is known, is the credit reporting agency of the modern business, muck like TransUnion scores are kept for individuals. All business owners should register their company for free with DnB to activate a new DnB number which creditors will use to report your payments.

2. Phone and Utilities – Phone and utility companies are among the best at reporting your payment history to the DnB database. Signing up to a local phone company and a utility company—go to individual firms to get 2 accounts that report monthly, if possible—will ensure that you have consistently high marks appearing on your DnB business profile.

3. Suppliers – Suppliers traditionally report accounts to DnB if you choose to have the shipment billed to you on a net-30 or net-60 basis. Staples, Office Depot, Home Depot, and others will all report to DnB, especially if you ask each business to report before you make the purchase. These companies know the value of having customers who are intimately familiar with the credit-side of running a business, and they’ll be happy to help in any way.

4. Gasoline cards – Gasoline cards for businesses are easy to get as they often have very low credit lines. While having a low credit line isn’t necessarily good for financing a whole business operation, consider these cards as a way to “get your foot in the door” of major financiers, who will give you other non-PG cards after building up your business credit.

PG is a new necessity
Personal guarantees are a necessity to businesses that have borrowed money but have not borrowed money to the extent that it cannot be repaid. Personal guaranteed cards will allow you to build relationships with lenders who will, eventually, drop the personal guarantee, or offer better cards which allow for no personal guarantees.

Keep in mind that a personal guarantee on a credit card is not the end of the world for financing your business. As your company matures, revenues grow, and your DnB crosses the necessary threshold of 80 or higher, you will have more credit card applications than you can wrap your head around. Financing your company with a PG card is a step toward non-PG cards, not a step back.

The fastest way to know that a card requires a personal guarantee or does not require one is to look at the application for a line which asks for your social security number. Pending that the card asks for your personal SSN, and not your business’ EIN, then you know that your personal funds are what backs up the card for security of the bank. More than 90% of the time, this simple qualifier can be used to sort out no personal guarantee credit cards from those which require a personal guarantee. Of course, you should always be sure to read the fine print and see for sure.

HSBC Credit Cards

The HSBC credit card is one of the most popular credit cards and HSBC is the bank that is behind many of the cards that consumers are familiar with including the Orchard Bank Classic Master Card, the HSBC Platinum MasterCard with Plus Rewards, the HSBC Platinum MasterCard with Cash Back Rewards and the HSBC Platinum MasterCard. HSBC credit cards are revered as they typically have no annual fees and offer a number of unlimited awards and benefits. The HSBC Platinum MasterCard is a basic credit card that offers 0% rate on purchases and balance transfers.

The HSBC Platinum MasterCard has no annual fee (terms apply)and a 9% introductory APR on card purchases and balance transfers for 12 months. This is a simple credit card for those who aren’t looking for rewards, cash back or need a secured card.

The HSBC Platinum MasterCard with Cash Back offers a full 1% cash back on every single card purchase and has no caps on earnings or point expirations, meaning the card is unlimited. There are no complicated spending requirements in order to access your cash back and there are no tiers you need to climb through. The card has no annual fee and come with 0% introductory APR on card purchases and balance transfers for 12 months (terms apply).

The HSBC Platinum MasterCard with Cash or Fly Rewards enables consumers to enjoy their travel rewards without the traps that many other cards constrict travelers with. You can earn 1 point for every dollar spent and 25,000 points is the equivalent of a domestic roundtrip airfare with a maximum dollar value of $400.00. You can begin redeeming your travel points once you reach 7, 500. With the HSBC credit card you have the freedom to book your own travel ticket or you can use the travel agency provided by HSBC. There are no blackout dates and no earning caps as well as no expiration date for points. There is a 1% cash back option and a 0% introductory APR on card purchases and balance transfers for 12 months with no annual fee (terms apply).

The HSBC Platinum MasterCard with HSBC Plus Rewards allows you to earn 1 point for every dollar spent with your card. You can redeem your earnings for flights and stays at participating hotels, as well as gift cards from popular merchants with unlimited cash back and more. There are no caps on earnings and points never expire. The HSBC Platinum MasterCard with HSBC Plus Rewards has a 0% introductory APR on card purchases and balance transfers for 12 months and no annual fee (terms apply).

Those who have less than perfect credit can take advantage of an HSBC credit card with the HSBC Secured MasterCard. There is a $35.00 annual fee and a credit line that begins with a $300.00 deposit and goes up to $5,000. The HSBC Secured MasterCard includes easy online access to your account 24/7 and is accepted at more than 25 million locations worldwide.

HSBC provides a number of card benefits to those who are card holders including competitive rates and superior customer service. Card holders can register online at the official HSBC site to manage their accounts online. Those who wish to apply for an HSBC credit card will find that the process is easy and simple and can be conducted easily online after registration.

In addition to the HSBC credit card, HSBC has an online savings account called “HSBC Advance” that has a 0.80% Annual Percentage Yield with no monthly fee and no minimum balance requirement.

Choosing a credit card isn’t a decision that should be made lightly. You should always use credit cards responsibly and make certain that you don’t use rewards cards to try and get points if you can’t handle the monthly payments. HSBC credit cards are known for their rewards as well as low fees. Take your time to choose the best HSBC credit card for your needs.

Orchard Bank Credit Cards

Financial ruin, bankruptcy and bad credit can happen to anyone. When you need to repair or rebuild your credit, you may want to apply for a secured credit card as these are a quick and easy way to get your credit back on track. There are many different secured cards available to choose from, but many prefer the Orchard bank credit cards as they have a strong reputation with many consumers. With Orchard Bank credit cards you can easily qualify for a card based upon your credit history. All Orchard Bank credit cards are issued by HSBC Bank Nevada which is one of the world’s largest financial institutions and has the prestigious honor of being one of the largest credit card issuers. There are more than 50 million customers nationwide.

Those who want to apply for Orchard Bank credit cards will find the process is simple and easy. You can apply online and get approval in less than one minute. The Bank will let you know which card is best for you, based upon your credit score and history. Those with poor or negative credit will most likely be offered a secured card. It’s important to remember, however, that not everyone is automatically approved for secured credit cards and you can be turned down. Additionally, those who already have a credit card will not be automatically rejected by applying for an Orchard Bank card; however, users are only allowed to have one HSBC Credit Card account at a time.

Those who are approved for a credit card should read through all of the terms and services and understand what the annual fee is for the card. Orchard Bank credit cards are used by more than 2 million people and the cards offer 100% fraud liability. That means if you dispute a fraudulent charge, you will receive 100% reimbursement. This is different from prepaid debit and credit cards which are unlikely to reimburse you for fraudulent charges. As Orchard Bank reports to the three major credit bureaus, you can easily restore your credit and watch your credit score rise. It’s important to understand that there are no guarantees you will be approved for an Orchard Bank credit card, as your application will be approved based upon your credit history. Those who are approved, however, should receive their credit card in the mail within two weeks.

There are certain requirements that must be met in order to qualify for a credit card. Those who apply must be the legal age as determined by their state, be U.S. citizens and have a valid social security number. Those who apply for an unsecured card must have a yearly salary of at least $12,000 and have a telephone in their name. The company will pull your credit report and determine your creditworthiness.

If approved for a credit card you’ll need to make certain you understand the various rates and fees associated with the card. When approved for Orchard Bank credit cards it’s important to determine the prime rate. The prime rate is what is used to determine the interest rates on all credit cards that are variable rate accounts. It’s important to understand that the prime rate can continually fluctuate. Make certain to understand the prime rate as your bills may fluctuate each billing cycle due to changes with the rate.

Additionally, there are fees associated with the account if you fail to make your payments on time. Those who are late may be charged a penalty APR, so determine what fees are associated with your account before you agree to take on a new credit card.

Those who have poor credit and are approved for a secured credit card may find that after a period of time their account will be reviewed and they will then qualify for an unsecured loan.

Gas Credit Cards

Gas credit cards are some of the best reward credit cards available to consumers. Issued by gas stations, gas credit cards are usually branded with the name of the gas station for use at the gas station and for other necessary products and services.

Recently, the tide has shifted with gas credit cards. Previously, gas credit cards were only issued by gas stations, but today you can find them without a gas station branding. While the market closes in, the opportunities to get more rewards for your gas dollars continues to grow. Most people will find that there are three to four gas credit cards for their specific needs.

Looking for Gas Credit Cards
In general, the best rewards for gas purchases are found on cards with specialty offers. The Chase Freedom card, for example, is not necessarily a gas credit card, however those who sign up for it receive 5% cash back on all their gas station purchases for the life of the account. Penfed is another company with a gas credit card; its rewards cash visa credit card has offers for up to 5% cash back. Both cards also offer rebates for dollars spent on other items and at other stores of up to 2% on groceries and 1% on all other purchases.

Gas Station Branded Cards
Besides the two leaders in the non-gas credit card space, here are a few offers from some of the largest networks of gas stations.

BP Visa – The BP Visa entitles you to a 5% rebate on all gasoline purchased at both BP and Amoco gas stations, 2% back on travel and dining, and 1% for purchases that do not fall into the two special categories. The online redemption center allows you to exchange your accumulated earnings for cash in the form of a statement credit, or a BP gift card.

Casey’s MasterCard – The Casey’s branded card offers 3% back for all purchases made at Casey’s gas stations and convenience stores, as well as 1% elsewhere. With one of the lowest rates of all the gas cards at just over 11% annually, this makes for a great card for those who do intend to carry a balance.

Chevron Visa – The Chevron Visa provides for a 10-cent per gallon rebate on gas purchases at Chevron and Texaco gas stations. Also, those who use the card can opt for 3% credits for times when the 3% is greater than the 10-cent discount (gas prices have to be higher than $3.33 for this option to make sense.) All other purchases allow for a 1% rebate, which can be spent on fuel at any Chevron gas station.

Citgo MasterCard – Citgo offers a 4% cash back deal on all purchases at Citgo stations, and 1% on all other purchases. This is one of the best gasoline cards on the market from an individual gas station.

ExxonMobil MasterCard – The ExxonMobil gas credit card gives customers a credit of 15 cents for each gallon of gas purchased at an Exxon station. Additionally, the card provides for rebates of up to 2% on all other purchases, however, categories do change over time. Rewards are never less than 1% of the transaction amount.

Marathon MasterCard – Marathon, which is one of the least expensive stations listed in this lineup, offers a 3% cashback deal for all purchases made at Marathon gas stations. Know that this 3% discount may go further than larger discounts at other stations because Marathon is known for less expensive gasoline compared to BP, Shell, Exxon, and other larger stations.

Shell MasterCard – Shell offers 5% cash back on its Shell gas credit card. This station has the most popular gasoline credit card in the country, and is most likely to issue corporate cards for fleets or for employee use.

Sunoco MasterCard – Perhaps the least generous of any credit card, the Sunoco MasterCard gives its users a 10 point credit through Citi’s ThankYou service per gallon of gasoline, and 1 point for all other purchases. Unfortunately, the ThankYou service from Citi does not allow for cash redemption, and charges shipping and handling for rewards to customer accounts.

What to Expect in Gas Credit Cards
There are a few commonalities among gas credit cards:
Low credit lines – Cards issued by gas stations are more likely to have a lower than average credit line, as the gas station would prefer you use the card mostly for their gasoline. In general, expect lines ranging from $500 to $1000, whereas other card issues will give lines of up to $10,000 for general purpose rewards cards.

No annual fees – Gasoline credit cards are great in that they rarely have annual fees. Gas credit card users tend to be better than average at spotting a winning rewards card, and are more likely to shop around for the best rewards. Credit card companies have a hard time justifying an annual fee to this crew.

Mastercard and Visa – Primarily, gas credit cards are Visa and MasterCard branded. Only a handful of Discover and American Express gas credit cards exist. In general, Visa and MasterCard are accepted in more places than Discover and American Express.