Instant Credit Card Approval - Can It Work For You?

The possibility of getting your own credit card by the means of online instant credit card approval is a reality of the times. It only takes a few minutes to fill out your application, and then, in just a few short minutes you can have your answer. This could be the thing you have been waiting for. Have you received yours yet?

Getting your instant approval credit cards may be only a few minutes away for you, as you fill-out your secure online credit approval forms. But before you start the process, there are a few things you will want to know that you should look for when it comes to getting the best credit card for you.

In order to get the best deal on an instant credit card approval online, you will need to do a little research. It pays to look for the best deals with instant approval credit cards, so if your credit rating is good - why not go for one of the best? Here is what to look for.

A Good APR

A credit card is only as good as its APR. Once it loses its edge there - its time to think about another one. It is possible to get 0% APR cards that hold that rate for up to 15 months. While a number of cards will offer this feature, it may be only for three months, or six months. After the introductory time period, remember that the APR goes to the regular rate — so be sure you get both a good introductory rate, and a rate as low as possible after that period is passed.

Permits Balance Transfers

Balance transfers from other credit cards are one thing that makes a good credit card - if you have any credit card debt. Not all cards will allow you to do this. But again, it is important that you make sure that you have a 0% APR balance transfer rate. Some cards will charge a fee for this transaction.

Look For The Bonuses

Your instant approval credit cards should have some really great bonuses - this is what makes one card better than another. There is quite a bit of leeway when it comes to the value of all the options mentioned - but this is the icing on the cake. Bonuses are usually referred to as being cash back, or rebate cards. Some come with great options up front –received as soon as you make your first purchase. This could be in the form of 10,000 points - which are as good as cash, or can be exchanged for prizes, or, a travel type card might give you as many as 5-20,000 air miles - on your first purchase. Other cards offer rebates for purchases on such things as groceries, medicines, and gas. Make your decision based on what your greatest needs are, and it will be a great benefit to you, in the form of extra savings. This will help put a smile on your face when you get your monthly statement.

Check The Annual Fee

Some companies will also charge you an annual fee on your instant approval credit cards.

Look for an annual fee because it could take away some of the value of your benefits if you have to pay a yearly fee of anywhere between $15 to $135.

With this many tips on how to get your instant approval credit card online, again, we ask - what are you waiting for? It will only take a few minutes.

By: Robert Alan

Article Directory: http://www.articledashboard.com

To decide if an instant credit card approval is right for you, Robert Alan recommends that you visit CreditCardAssist.com

Technorati Tags: annual fee, balance transfers, bonuses, good APR, instant credit card approval

How Can A Secured Credit Card Increase Your Credit Rate

Unsecured credit cards offer a simple means to build up your credit history since no collateral is required to use it. Yet, if you have bad credit, the chances of getting approved for a unsecured credit card are virtually nonexistent.

If this is the case, there are other options to consider, such as a secured credit card. Secured credit cards differ from unsecured ones in that they require collateral in the form of a cash deposit, which is placed in a savings account administered by the card issuer.

Usually, the payment history on unsecured credit cards is strictly monitored by the nation’s top credit bureaus. Secured credit cards often operate without the oversight of the three credit bureaus, although this will often depend upon the credit card company.

Another advantage of secured loans is that they can help you raise your credit score. To take advantage of this benefit, you must choose a card that has its payment history reported to credit bureaus. Normally, the credit card application for outlines the benefits. If they do not mention anything about payment history, then you should contact the card company’s customer service division for more information.

Raising your credit score is an easy matter. By using the secured credit card to buy whatever it is, and making payments on time. With secured credit cards, you have a few differences between them and standard cards. One example, involves taking money from the monitored savings account and applying it to default payments.

Generally, the approval process for a secured credit card is remarkably easy. There is far less hassle with these than any other credit card. You will not have to undergo credit checks as is the common practice with standard credit cards. This is because you have collateral in the form of the money stored in a savings account. You may not apply for a secured credit card if you are not 18 years old and do not maintain a residence inside the country.

The credit limit on your card is based directly on the cash deposit in your account. If you want to increase that limit, all you have to do is add more money to the account. Additionally, the money in your savings account will earn interests provided there are no defaults on payments. This factor may be one of the biggest advantages of having a secured credit card. Of course, you might also count the fact that these secured cards can help you avoid credit card debt since you cannot spend any more than what you have in your saving account.

If you happen to be one of the millions that have bad credit or none at all, then a secured credit card may be the best choice. If you use these cards regularly and are able to pay promptly and on time, you will begin to see increases in your credit score. Eventually, you might qualify for better rates and more options.

By: Alisdair Cosgrove

Article Directory: http://www.articledashboard.com

Alisdair Cosgrove has been writing finance articles for many years and can find more of his work at the UK site CreditCardsWeb.co.uk, offering credit card deals for UK residents and also a great selection of credit card balance transfers.

Technorati Tags: cash deposit, helps you raise your credit score, secured credit cards, unsecured credit cards

The United States economy is dependent on consumers spending money. These days, the economy needs all the help it can get. A local economy benefits when shoppers buy goods and services in retail stores, rather than online. Better still, patronizing a locally owned business, rather than a national chain store or restaurant, will keep even more money flowing in the local area.

We have all heard that you should help your local area by shopping in locally owned stores. This is true. Many cities have even setup websites to list and promote locally owned businesses. A chain store certainly provides jobs and pays taxes. But when you purchase goods at a chain store, much of that money is sent to its corporate headquarters, which is probably not in some far away city.

To maximize the positive effect that your purchase will have on the economy, those purchases should be paid for with cash, checks, or even debt cards. Not a credit card.

Simply put, using a credit card strips money out of the pocket of the retailer or service provider. Somewhere between 2% to 6% of your credit card purchase is kept by the banks and the credit card companies. That’s money taken out of circulation (i.e. the economy) and stuffed into the pockets of the bank.

For example, suppose there is a local store or restaurant that does $1 million in annual sales. Not $1M in profit, but $1M in annual sales. That’s an average of about $2800 of sales per day, which is easily obtainable by many successful businesses. After subtracting normal business expenses (employee salaries, taxes, insurance, utilities, rent, advertising, inventory, etc) the final profit may be $100,000. Pretty good profit actually.

Now if the sales of that store were made using credit cards, then about 3% of those sales are taken away and sent to the bank. Remember, its 3% of the sales, not 3% of the final profit. In our example, that’s $30,000 removed from the pocket of the retailer, and out of the local economy. Looking at it this way, the business’ profits are now reduced by 30%.

What’s an extra $30,000? It’s the ability to hire another employee. Or two part-time employees. Not from extra sales, just the same sales paid by cash. This example is just one store. Think of this scenario in all the stores in your area, and the numbers are staggering.

In addition, your personal economy is enhanced by keeping your credit cards at home. Without using credit cards, you will not be paying extra interest or other fees. Interest paid is just more money out of your pocket, sent to the bank. For nothing! Just wasted money.

Think about this the next time you pull out your credit card. Help your local retailer and economy by putting that credit card back. Pay with cash or check. If you like the convenience of a credit card, consider using a debt/check card. Be sure to tell the clerk to run the transaction as a debit card. Processing the debit card as credit will cost the retailer their 2 - 6 %. If the retailer cannot process your transaction as a debit card, then return to the old standby. Pay with cash.

The retailer pays a small transaction fee when accepting payment via a debit card. It’s a flat fee, and usually very minimal. Nowhere near 2% - 6% of your purchase. This is why some stores will offer cash back when using a debit card. It does not cost the store any extra money, and it may save you a trip to the ATM, and perhaps an extra ATM fee. Which is more money sucked out of your wallet. Wasted.

Author: Jim Vrana

Billed as The True Debt Advisor (http://www.truedebtadvisor.com/), Jim Vrana’s mission is to educate and empower people to overcome their financial challenges. The time-tested legal procedures used to eliminate credit card debt have been used by thousands of people with tremendous success. It is truly the alternative to bankruptcy, credit counseling, and debt consolidation. The program is applicable to all major credit cards and unsecured signature loans.

Contact:

Jim Vrana True Debt Advisor (800) 637-1785 http://www.truedebtadvisor.com/

Article Source: http://EzineArticles.com/?expert=Jim_Vrana

Technorati Tags: bad economic times, Credit Cards, depression, personal economy

Debt Negotiation- Same As Credit Consolidation?

Are you drowning in debt and considering debt negotiation? Debt negotiation has a bad connotation but does it affect your credit that badly? There are pros and cons to debt negotiation and there are alternatives. Here are some things to consider which will help you decide if debt negotiation is right for you.

First, you need to educate yourself on debt negotiation since there is a lot of misinformation out there. Debt negotiation is also known as debt arbitration or debt settlement. A third party negotiates with creditors and lenders on a payment plan and decreased interest. The creditors will put further credit to you on hold so you won’t be able to use your credit cards until after your debt is repaid. After that, it is up to the creditor to decide if you should regain credit approval and if so, how high of a limit.

Lenders will usually only lower your rates and give you a break on fees if there is a reason. If they can be shown you’re personal finances are not in a position to make the agreed upon payments then they will usually negotiate. They would prefer to negotiate rather than turn your account over to a collection agency.

Some people think that your credit report is unaffected by debt negotiation. This is not the case however. Your negotiation is reported and shows as such on a report. This is why debt negotiation should be used only if you can’t otherwise pay off your bills. If you’re finding yourself paying your lenders late and incurring fees then this will hurt your credit rating more than negotiation. And if you end up declaring bankruptcy then this can be even worse.

Before debt negotiation you should first find help with your budgeting and learn about other options by seeking a credit counseling service. A credit counselor can give you the information you need to help reduce your payments and get your finances back on track. They will tell you what will affect your credit rating, what will not and recommend what steps you should take. They can also help you with credit consolidation.

To find a credit counseling service search the internet or the yellow pages. Be careful since there are some that are not as helpful or legitimate as others. There are some that are supported by the government which are legitimate and should be researched first. A legitimate service will usually have a free consultation face-to-face and will be upfront about their services and fees. Don’t sign anything until you are comfortable with their terms.

Don’t think that since debt negotiation will tarnish your credit report that you should give up and let your account go to collection agencies. Ignoring the problem will make things much worse.

By: Dillon Azungen

Article Directory: http://www.articledashboard.com

Dillon Azungen is writing almost entirely for www.debtania.com , an online publication on the topic of how to negotiate with creditors . On his site one can learn about his articles on how to negotiate a settlement amongst creditors and how to negotiate debt settlement yourself.

Technorati Tags: credit consolidation, credit counceling, credit report, debt negotiation

How Can A Secured Credit Card Increase Your Credit Rate

Unsecured credit cards offer a simple means to build up your credit history since no collateral is required to use it. Yet, if you have bad credit, the chances of getting approved for a unsecured credit card are virtually nonexistent.

If this is the case, there are other options to consider, such as a secured credit card. Secured credit cards differ from unsecured ones in that they require collateral in the form of a cash deposit, which is placed in a savings account administered by the card issuer.

Usually, the payment history on unsecured credit cards is strictly monitored by the nation’s top credit bureaus. Secured credit cards often operate without the oversight of the three credit bureaus, although this will often depend upon the credit card company.

Another advantage of secured loans is that they can help you raise your credit score. To take advantage of this benefit, you must choose a card that has its payment history reported to credit bureaus. Normally, the credit card application for outlines the benefits. If they do not mention anything about payment history, then you should contact the card company’s customer service division for more information.

Raising your credit score is an easy matter. By using the secured credit card to buy whatever it is, and making payments on time. With secured credit cards, you have a few differences between them and standard cards. One example, involves taking money from the monitored savings account and applying it to default payments.

Generally, the approval process for a secured credit card is remarkably easy. There is far less hassle with these than any other credit card. You will not have to undergo credit checks as is the common practice with standard credit cards. This is because you have collateral in the form of the money stored in a savings account. You may not apply for a secured credit card if you are not 18 years old and do not maintain a residence inside the country.

The credit limit on your card is based directly on the cash deposit in your account. If you want to increase that limit, all you have to do is add more money to the account. Additionally, the money in your savings account will earn interests provided there are no defaults on payments. This factor may be one of the biggest advantages of having a secured credit card. Of course, you might also count the fact that these secured cards can help you avoid credit card debt since you cannot spend any more than what you have in your saving account.

If you happen to be one of the millions that have bad credit or none at all, then a secured credit card may be the best choice. If you use these cards regularly and are able to pay promptly and on time, you will begin to see increases in your credit score. Eventually, you might qualify for better rates and more options.

By: Alisdair Cosgrove

Article Directory: http://www.articledashboard.com

Alisdair Cosgrove has been writing finance articles for many years and can find more of his work at the UK site CreditCardsWeb.co.uk, offering credit card deals for UK residents and also a great selection of credit card balance transfers.

Technorati Tags: bad credit, credit limit, secured credit card, unsecured credit cards

Easy Approval Credit Card Applications With Bad Credit Score

Once upon a time, it took up to a month to get approved for a credit card. Thanks to the internet, things have changed and fast easy instant credit card approval is now possible. You can be notified by e-mail of your instant approval within a few seconds. If you have either a good to excellent credit score, an easy approval credit card with a high spending limit is almost guaranteed. An easy instant approval student credit card is also easy to get but what if you have a bad credit score? Does this mean you can’t ever get approved? Not at all.

A secure card is the first alternative you should consider if you have a bad credit score. If you have bad credit, before a major credit card issuer will give you a card they require you to make a deposit. This is what is referred to as a secure card.These cards are also referred to as ‘no credit, credit cards’ because no credit is actually being extended. The amount you can charge with one of these cards depends on how much you deposit. If you deposit $2,000.00, then you can charge $2,000. These cards are good to get if you have bad credit. By saving a little money to apply to a no credit credit card, you can re-build your credit and you get fast, easy instant card approval on the next card.

If the above idea doesn’t appeal to you, your next step should be to search for a ‘bad credit credit card.’ These cards are possible to get, but it would be better to improve your credit and avoid getting one of these credit cards if at all possible. There are many of these cards available, but they often do more harm to your credit score if they are not used wisely. Bad credit, credit cards have significantly higher rates of interest and so are hard to repay debt charged to them. If your credit score is bad though, you can use these cards to repair it by charging just a few items and repaying them quickly.

Another option you have is to apply for a debit card. A debit card is attached to your checking account so that you can only use what is in your checking account. This way it is impossible to run up credit card debt.

Unsecured credit cards are a good option for you if you have no credit or poor credit. You must likely will have to pay additional fees and you will only get a low credit line of around $300, but these cards are very good for rebuilding your credit ratings. You can’t go on a shopping spree, but if you will use one of these cards and discipline yourself to make the payments on time, you can soon request a credit line increase.

Whichever option you choose, you should be able to get an easy approval credit card even with a bad credit score. You can then use these cards to repair your credit and put your finances back in order.

By: Debra Proctor

Article Directory: http://www.articledashboard.com

www.credit-cards-now.info is an informative site with articles to help you manage your credit card debt and answer your questions about credit cards.

Technorati Tags: "bad credit" credit card, bad credit score, debit card, secure card, unsecured credit card

Should You Freeze Your Credit Files?

San Diego, CA. There is a new debate about whether or not to freeze one’s credit file for privacy purposes and also out of identity theft concerns.

The debate leads into another; whether or not to states, by law, should allow consumers to freeze their credit files, regardless of whether or not the consumer was a victim of identity theft.

Consumer advocates - ICFE included - promote credit freezes for all consumers as a way to help insure privacy, protect private information and guard against credit theft. Some thief can still get a driver’s license in a consumer’s name and maybe a cell phone, but they won’t be able to get any new credit, if the files are frozen.

The debate is between consumer advocates, who are in favor of credit freezes and notification laws - which alert consumers to breaches - and those who are opposed. Among them are the Security Data Industries Association (CDIA) made up of credit reporting agencies and specialty reporting agencies.

Also opposed are retailers, credit card issuers and others who promote credit-based spending along with some Washington, D. C. lawmakers and state legislators, the latter who are supporting legislation resulting in a weakening of state credit file freezes.

Some opponents argue credit freezes hurt consumers and it slows down the time it takes to get credit when it is really needed. This is a very weak argument coming from those who are against giving consumers the un-encumbered right to restrict who has access their personal credit files.

Consumers are winning because 35 states, the District of Columbia and soon residents of Nebraska will have the right to ‘freeze’ their credit files, compared to only four in 2005. Eight other states allow credit freezes for victims of identity theft only and a police report must be submitted with the request.

This writer has initiated a credit file freeze on all of my credit files by sending a letter to each of the three major credit reporting agencies. Obtaining credit file freezes in California, for example, is relatively easy. It required a $10 administrative fee, some identification confirmations (copy of a driver’s license etc.) and each request was sent via Certified Mail with a return receipt requested.

Within a week, Experian, Trans Union and Equifax had acknowledged my freeze request in writing and sent me a copy of my credit report. Also included was a PIN number which must be used when I may want to utilize a temporary unfreezing or ‘lift’ so a credit might look at my files.

Next, I put my credit freeze requests to the test and made applications for some gasoline credit cards and a credit card from a bank. The bank credit department called me within a week to inform me they couldn’t access my file and a temporary lift would have to be utilized if I wanted them to proceed. The gasoline credit card companies sent me a letter indicating they couldn’t get access to my credit files within two weeks of contacting them.

The temporary lifting procedure is easy too and can be done over the phone. The three CRAs sent me detailed instructions on how to allow temporary access to some creditors.. In most instances, temporarily unfreezing a credit report over the phone a consumer would need a credit card, for the fee and the PIN. The temporary lift can be for a few days or a week. Trans Union sometimes provides consumers with a code to give to the creditor for temporary view of the credit file.

My credit files remain frozen. Any consumer who takes the time to freeze their credit files knows in advance it will cause minor delays and there may be inconveniences in getting a quick credit approval, so the argument that it prevents consumers from getting credit is indeed specious. Lenders, the CDIA and also card issuers are concerned about credit freezes because they might serve as an impediment to easy plastic and impulse purchases (such as expensively financed new cars).

The CRA’s also oppose credit freezes because it interrupts the very lucrative credit monitoring services offered by the CRAs for monthly fees. Credit monitoring is not protection from identity thieves from opening a new line of credit or obtaining a driver’s license in a consumer’s name.

States permitting all consumers to request a credit file freeze are California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, Rhode Island, Utah, Vermont, West Virginia, Wisconsin and Wyoming.

States permitting only identity theft victims with a police report to freeze credit files are: Arkansas, Hawaii, Kansas, Mississippi, South Dakota, Texas and Washington.

For more information contact: ICFE Executive Director Paul Richard, RFC - 619-239-1401.

By: Paul Richard, RFC

Article Directory: http://www.articledashboard.com

www.icfe.info;
www.FinancialPrivacyNow.org

Technorati Tags: credit files, credit freeze, debate about credit freezing, temporary lifting procedure

The Best Way to Improve Credit Scores

Less than 6% of the population in the United States can brag about having FICO credit scores above 800.

It’s an elite club.

The benefit of having a score above 800 is that you’re guaranteed credit approval with the best terms from the best lenders. No hassles. Only the red carpet treatment.

But do you really need to have FICO credit scores that are 800 or higher to accomplish your goals? I don’t think so. Any score over 740 is worthy of celebration.

You may have scores in the high 500’s or low 600’s, and you may think "740, yeah right!" But if you follow the steps I’m about to outline, you will see your scores approach 740 and you will become much more attractive to lenders.

So how do you go about building your FICO scores to 740?

I can’t tell you specifically, because I don’t know what your negative reason codes are. You see, the secret to increasing your FICO credit scores is for you to understand your negative reason codes.

Negative reason codes are a boring topic to people with good credit.

But to people that had credit challenges in the past, it can mean the difference between continuing to be denied credit or hearing those wonderful words, "You’re approved."

Your negative reason codes are the keys to unlock credit doors that up until now have been slammed in your face.

The great thing about negative reason codes is there is no guesswork involved. Your negative reason codes will tell you everything you need to do to accomplish your goals of buying that new car you always wanted or getting approved for that mortgage with a single digit interest rate and no money down.

By understanding and acting on your negative reason codes lenders will no longer treat you like a second-class citizen. No more "special finance" departments. No more high-interest finance companies. You can look for an apartment or begin house shopping with confidence.

Powerful stuff. And it’s easier than you think.

First of all, negative reason codes are two digit numbers that accompany each of your credit scores.

When you purchase your FICO scores you should automatically receive four negative reason codes for each score (from each credit reporting agency), giving you a total of twelve codes.

…as long as you purchase your scores and codes through the right source.

The best place to purchase your scores and twelve negative reason codes is NOT myfico.com. You don’t receive all twelve negative reason codes from myfico.com.

Technically, you receive four negative reason codes and eight "positive" reason codes. Unfortunately the positive reason codes are absolutely no help to someone with low credit scores.

I was so frustrated that Fair Isaac didn’t give all twelve negative reason codes that I begged Fair Isaac to make the real negative reason codes available to the public. So after several months of me prodding them, they finally gave in and created www.myfico.com/12 for us. Through this site you get everything lenders see! Cool.

Mortgage lenders are another good source to get your scores and negative reason codes when you apply for a mortgage. Just be sure your mortgage company follows the new FACT Act and shares your scores and codes with you. It’s mandatory now.

Alright. So now you know what negative reason codes are and how to get them.

How do you know what these codes mean?

The definition of each code is explained with your credit scores.

For instance, a negative reason code "38" will be defined as: "serious delinquency, and derogatory public record or collection filed." A negative reason code "08" is defined as: "too many inquiries last 12 months." So your negative reason codes tell you exactly why your scores aren’t higher.

Unfortunately, the definitions provided by the credit reporting agencies are not as detailed as I would like. That’s because they were designed to help lenders explain why you were declined…not designed to be shared with consumers.

This should help.

I was fed up with how difficult it was to decipher negative reason codes. (Boy, I’m fed up a lot, aren’t I?) So one day I sat down and read every single reason code, then rewrote it in plain English so I could understand it!

Imagine how much easier it would be for you to understand your negative reason codes if you had this plain English translation for yourself?

I have good news for you. You can get your own free copy of the Negative Reason Code Decoder ReportTM now by going to:

http://www.lifeafterbankruptcy.com/links/CodeReport.pdf

Now you know all the negative reason codes…in plain English.

Joining the 740+ Club is easy when you have a goal and a clear game plan to make it happen based on your negative reason codes.

Stephen Snyder is the founder and president of the After Bankruptcy Foundation a non-profit organization that assists people increase their credit scores and improve their lifestyles. Stephen is also a bestselling author and popular speaker.

By Stephen Snyder Published: 10/23/2006

Technorati Tags: credit report, credit score, Videos From Youtube