Excellent Credit Credit Cards

Excellent credit credit cards come with a great deal of perks that are not available to those consumers who take good care of their debts.

One of the best ways to maintain great credit is to pay the complete balance on your credit cards each month. If you are unable to do this, pay as much as you can. By paying only the minimum payment required each month, you are usually only paying the interest and it will take you a very, very long time to pay off your credit cards.
To be eligible for great credit credit cards, you will need to meet a number of requirements. First, you need to actually have a credit history of at least five years free of delinquency with a variety of accounts like auto loans, mortgages or other major credit cards. Another important element is a high FICO (Fair Isaac Corporation – a public corporation with the most-used credit score model) score. FICO scores range from 300 to 850. Opinions on what is considered an excellent FICO score different, but generally anything above 680 is considered great. One often unmentioned yet significant factor in your credit score is whether or not you are able to maintain a savings account. This can often make a difference when it comes to very high-level lines of credit. If you can meet these standards, you can usually be approved for credit cards for people with excellent credit.
The biggest perk of credit cards for people with great credit is lower interest rates. If you have proven that you can be counted upon to pay your debts on time and as required, you will be able to secure APRs much lower than your late-paying counterparts. Not only are credit card interest rates lower for people with excellent credit, it will also be less expensive for them to finance a home, vacation, education and anything else that can be purchased using a loan or other line of credit. The popularity of 0% introductory APRs has increased a lot in the past few years and people with excellent credit stand a good chance of having a longer period with this low APR. These sorts of bonuses can lead to large savings in both the long and short run.
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