Attractive Credit Lines For The Modern Consumer In Today’s Market

| August 6, 2012
Credit Lines For The Modern Consumer

Credit Lines For The Modern Consumer

There can be many reasons to need a credit line, those reasons include.

• Purchasing power
• Small business funding
• Students who need extra income
• Repairing credit

With so many options and banks offering these services the choices can be quite hard to make.

My job is to make these choices easier for you.

Firstly, most people interested in a new line of credit should turn to creditcards.com to see the most popular options for a long list of particular needs. As you can see from this link the options are vast and plenty covering everything from 0% APR to Bad Credit and Secured credit cards. You have to decide how good your credit score is before applying for a premier line of credit such as Chase Freedom® Visa or the Capital One® MasterCard®, these are unsecured credit cards and are the best choice for people with good to excellent credit scores. To check your personal credit score go to a website such as freecreditreport.com where you can obtain your full credit report and 3 credit scores for free. Consumers may also be interested in credit cards that offer rewards or cash back towards purchases such as the Gold Delta SkyMiles® Credit Card from American Express or the Chase Sapphire PreferredSM Card.

Secondly, some business owners may need a credit card to fund their business, owning a small business can be hard at first and the initial financial burden can be quite staggering, however; great options are available to consumers like you! Such as the Business Gold Rewards Card® from American Express OPEN, Capital One® SparkSM Cash for Business and the Bank of America® WorldPoints Rewards for Business™ Visa® Card. I highly recommend one of these cards if you are looking to further fund your business, since they monitor what kind of spending you are doing for your business and provide reward percentages or multipliers based on that information, which can yield greater cash back or points.

Thirdly, credit cards are also useful for students looking for some additional purchasing power for college and their living expenses. These specialized cards of course are very useful for the freshmen just starting out with the need to cover the rising costs of living, some of these cards even offer no-cosigner necessary options such as the Citi® Dividend Platinum Select® Card for College Students and the Citi Forward® Card for College Students, while others are designed to help students build good credit with responsible use such as the JourneySM Student Rewards from Capital One®.

Lastly and finally there are a line of unsecured credit cards geared towards consumers with fair to poor credit, these have limited credit limits and greater APR (Annual Percentage Rate), to encourage consumers to purchase more wisely thusly reporting good behavior to the three major credit agencies.

Author’s Bio: John Harris is a proficient author on credit cards and related topics. His articles have catered to the use of many readers. He suggests a visit to Bestcreditcards.com for further information.

Attractive Credit Lines For The Modern Consumer In Today’s Market

 

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