For those with good credit and looking for a credit card, you will want to consider good credit credit cards. These credit cards have decent rates of interest, some great benefits, and even fabulous rewards to look into. You should be rewarded for maintaining good credit and good credit credit cards is your reward, allowing you to make the purchases you need without having to carry around the cash at all times.
People Who Manage Their Credit Responsibly Get Rewarded
Good credit credit cards are designed for those who have a credit rating of 660 to 749. Good credit consists of timely payments, low income to credit ratio, and a decent amount of credit that has been assigned to the applicant. Typically, a good credit status is given to someone who has possessed some sort of credit card or bank loan of at least $5,000 or more during the last three years. Just possessing this amount of credit in any form is not enough to give you the status of good credit or make you eligible for good credit credit cards.
You have to show that you have a history of timely repayment on all instances of credit, which might include credit cards, bank loans, rental payments, utilities, and any other form of credit in which you may have applied for and received. One thing you might not be aware of is that any time you apply for credit cards and are denied this could hurt your credit score, so be sure that you are only apply for credit that you really need or have an excellent chance of receiving.
Obtaining good credit credit cards and continuing down the path of timely payments and reliability can help increase your credit rating and perhaps increase your credit status to excellent credit, which is a goal for most any person. Good to excellent credit ratings opens many doors for people and offers so much more in the way of credit than those with poor to fair credit.
With good credit, you can obtain good credit credit cards with good rates of interest and great introductory interest rates. You will also likely qualify for credit cards that have no or low annual fees and no usage charges. Your credit limit will also be higher than that of someone with poor or fair credit ratings, which offers you more in the way of buying power.
However, it is important to keep on the right track with your good credit and maintain or increase your credit status. Obtaining good credit credit cards and then travelling down the wrong path can result in a great deal of damage. If you start to find yourself late on payments, over extending your credit limit, or unable to make your payments altogether, you will find your good credit rating lowered to fair or poor. At the same time, your credit card company may lower your credit limit or even cancel your card altogether, assessing late fees or other fees that can really increase the amount you are in debt to that company.
A good credit rating is something to treasure and hold onto. Make sure that you make the right decisions and never spend more than you can afford to pay off. While you may have a low interest rate, if you tend to carry a balance on your good credit credit cards month after month, you may find that the interest rates really start to pile up and become unmanageable.
Another great thing about good credit credit cards is the rewards programs that you can take advantage of. Many credit cards now offer some sort of rewards programs that allow you to earn rewards with each purchase you make using the credit card. Some rewards that you may find on good credit credit cards might include company specific rewards. Company specific rewards give you rewards usually based on what services or products the company has to offer.
For example, with Airlines rewards, you might get points or mileage towards free airline tickets. For department stores, you might earn points good towards gift certificates or name brand merchandise. Points and mileage are earned with each purchase you make using your good credit credit cards; however, you usually earn more points or miles with specific purchases towards a specific company.
