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User:
Angel B.
Date:
March 5, 2008, 3:45 am
Can I apply for a credit card with a cosigner at your site?
Answer
All good credit cards at our website allow co-signing for someone. The thing is you can't apply with a co-signer online. It works the following way: A person with good credit applies online. He/she calls the bank and tells that he/she wants to add somebody to his/her account and tells Social Security Number of this person. After receiving statement by mail, co-signer has to sign it and send back. Since then a person with limited credit history is sharing an account with a co-signer. By making payments on time he/she builds his/her own credit score.
User:
julia
Date:
March 5, 2008, 3:46 am
Can I start using my card immediately after instant approval?
Answer
Usually you can't start making purchases with your card right after instant approval. But some banks can show you your card number and expiration date. You can only shop online or by phone, as you don't have your card yet. But as a rule you can spend only a limited sum of money before your card arrives. Please, consider that not all credit cards will give this option. Contact the bank for more information.
User:
Ruben J. Freeman
Date:
March 5, 2008, 3:46 am
What's the best card for balance transfer?
Answer
The balance transfer is the shifting of your balance from existing card on to another to obtain lower APR and to save money. Many credit card issuers offer really low introductory rates for balance transfers and you may take advantage of that. This website introduces the best balance transfer deals for your consideration. We would like to recommend you More Card by Discover as one of the best balance transfer cards. It requires good or excellent credit history. It has lots to offer you: no annual fee, 0% APR for up to 12 months, cash back rewards and much more!
User:
Rosa M. Arsuaga
Date:
April 1, 2008, 7:18 am
can i get a credit card if i live outside US?
Answer
Unfortunately, we don't know your status. But you can't get a card from the US bank if you are not a resident (at least temporal). You can obtain a credit card in the country of your residency. Although, you don't necessarily have to be a citizen. But you have to have a Social Security Number. You can get a SSN if you are citizen, own a green card, have a work or a student visa. Then you can apply for a credit card in US.
User:
katie
Date:
July 28, 2008, 6:26 am
I have two cards in my name, a department store card and a credit card from Citibank. I have balances which I'd like to pay off at a lower interest than I have now. Could I make a balance transfer and what card do you suggest?
Answer
You can transfer balances from both, your credit card and department store card and their providers will not prohibit you from doing that. The question is which balance transfer card to choose and how much you will pay on it.In fact, you are able to transfer balances from one or two cards onto a single credit card if the credit limit of the latter allows you to. The interest you will pay on the balance transferred will depend on the status of your credit rating. The better your credit history is, the lower APR you'll be charged.If you are an excellent credit customer, you may transfer balances onto some credit cards from Discover Company, which are not only low rate but also good rewards credit cards. In case your credit rating is good, you may choose among Capital One Platinum credit card deals which balance transfer APR is also low enough to save on repaying your debts. Compare all the features and requirements on these balance transfer credit cards and apply for the card most suitable for your credit and paying capacities.
User:
diana
Date:
July 28, 2008, 6:31 am
I've just started going to college and I've been showered with student credit card offers. I do not rush for credit cards because I do not know which is more profitable in its rates and fees. However, I do need to build my credit history. What card is best to get?
Answer
The cost of the line of credit you'll get is determined by the credit card's APR, so the lower the APR, the more beneficial it is for you.Today, almost all student credit cards offer beneficial APRs, so that young adults could build their credit history at a lowest cost possible. However, APRs differ from issuer to issuer and sometimes you need to do a great job to find the best interest rate available.You are right to be cautious about accepting student credit cards marketed to you at college. It would be wise if you do homework and analyze credit offers for students online as there is more choice. Evaluate student credit cards available with Citibank which offer rewards apart from the low APRs and no annual fees.Or see the great collection of student credit cards from Discover Card Company, which help you build credit while earning great credit rewards.Make a detailed analysis and close comparison of student credit cards' features online to make the best choice for your future credit history.
User:
xnvsmnv
Date:
November 14, 2008, 6:44 am
Hello, I've recently faced a problem that I can't fix on my own. The credit crisis was a really nasty surprise for me. I'm 22, so I didn't manage to establish strong credit history yet. I have 3 credit cards. 2 of them are for fair credit, the third one is for bad credit. Just like many Americans I fell victim to the domino effect, when the banks hysterically began to raise interest rates one after another. I just couldn't afford paying off my balances at those sky-high rates. So I defaulted on my deals and was penalized. So, the point is I lost a bunch of points on my credit score, which had been really close to allow me qualify for good credit cards. Now my score is about 500. My total owed is about $7,500. I just don't know how to deal with it. Thx God I still have my job… What would you advise me?
Answer
Thanks for sharing, Eva. You are absolutely right that thousands of other credit consumers have to deal with similar problems. In fact, you do not have that many options. What you need to focus on is paying off your debts. This is really hard, and so much easier said than done. But you have to give it a try. You see, sooner or later the crisis will be over and economics and credit industry will get stable and you will need your at least average credit back. So, here is what you can do. Find a deal with lowest rates and 0% APR on balance transfers you can qualify for and shift all of your outstanding balances to this credit card. Consolidating your debts will help you save money on interest. Besides, if you find an offer with promotional interest-free period, you will save even more, since your balance will not accumulate interest. Try to pay back as much as you can. Avoid using this card for making purchases. This will speed up the process of eliminating debt. Cut down your expenses. Plan your budget. Good luck!
User:
chelsie
Date:
November 14, 2008, 6:52 am
Hi, I've got a Gold Delta SkyMiles card. It actually meets my requirements and spending habits. I have to travel by plain a lot. I've been using it for a while, like a bit more than a year. The interest rate is fine. The rewards program really pays off. But the $95 annual fee that appeared after the first year messes all up. What can I do about it? Should I cancel the account and get a new deal with no annual fee?
Answer
Hello, Trish! Your American Express Gold Delta SkyMiles card does offer good incentives. Annual fee is a typical feature of airmiles rewards cards. And $95 is not such a high price for the rewards AmEx offers. Cancelling the card is not the best thing to do. In case you decide to close the account, you might damage your credit score. There is an alternative to this. You have Gold Delta SkyMiles, which means your credit score is good or excellent. If you are a loyal customer of American Express in addition to that, you have the game in your hands. Contact the bank and ask your issuer to waive the fee, or at least reduce it. Be persistent, but polite. Due to the current economic situation the bank is likely to meet your claim, as every creditworthy customer is like gold dust to lenders. It is worth trying. If this does not work, count how much benefit you get from the deal's rewards scheme in the cash equivalent. If this amount exceeds $95 with a vengeance, keep the account active. Otherwise you can consider closing the card and applying for some low APR card.
User:
Catherine
Date:
November 21, 2008, 6:42 am
Hi, I'm 19. I go to Westwood College in LA. This year I moved out from my parents' home and now I'm living on campus on my own. I'm thinking about establishing credit. I have a part-time job but no payment history. Any suggestions?
Answer
Hello, Catherine. Thank you for addressing our Cardholder Support centre. You have several options. First of all, as a student you can apply for one of the student credit cards. In fact, you can find a pretty decent offer with reasonable interest rate and even a rewards program. You are most likely to qualify for a student card deal. Your second option is to find an offer for no credit history, but offers for students, actually, come with more favorable terms and benefits. Then you can get a secured credit card. It functions just like a regular credit card. But you will have to make a deposit, and your credit line will be approximately of the same size. What else you can do is to ask one of your parents or friends with good credit history to co-sign you, so you will get access to their credit funds. But it will be some kind of a step back. You will not be responsible for paying money back. This will not help you teach yourself financial discipline and independence. To sum it up, the best choice for you will, probably, be a student credit card. Just choose the one that will fit your lifestyle and meet your needs.
User:
dan saccoccia
Date:
November 25, 2008, 8:53 am
Hi, I wonder if I can qualify for a 0% APR balance transfer card to shift my $20,000 balance. My credit score is in the low 600ies, btw. Thanks in advance.
Answer
Thank you for addressing our cardholders' support, Janise. I'm afraid I will have to disappoint you. Nearly all balance transfer credit cards with 0% introductory period are available for customers with good or excellent credit. In your case, with bad credit, you are unlikely to get approved for a BT credit card. In order to qualify for such a deal you will have to improve your credit history and raise your score first. I know this might sound like an evil joke to you, as you would say this is impossible without a balance transfer card. And that it is a vicious circle. Actually there are ways to improve your rating and payment history without a BT card. I know, paying off a significant debt at a pretty high interest is far not a trivial task, but you should try. First of all, make your payments on time. Second, keep your balances as low as possible, this will increase your score. It will be great if you avoid making new charges on this card with a big debt. Ask someone of your friends or family with good or excellent credit score to co-sign you, this will also have a positive effect on your credit rating. And pay off as much as you can. Try to restrict yourself in something. So, these are the basics. Easier said than done? True. But if you are really determined to get rid of your debt, you've got to try. Good luck!
User:
bob
Date:
December 2, 2008, 5:52 am
I have never had a credit card in my own name. So, I am going to establish credit. I've looked through a couple offers for no credit and can't tell I'm thrilled. I'm not quite sure I would afford and would want to borrow money at such an interest. Other deals with lower interest come with annual fees. I heard that a prepaid card is a good start. Well, I'm a bit confused. Could you clear up the situation for a beginner?
Answer
Hello, Bob. I will try to make it clear for you. It's good you are trying to set the record straight before making a serious step in your financial life. Yes, you are right many of the offers for no credit charge pretty high interest. But I believe you know the reason for that. Banks set this high APR in order to compensate for the risks they take when issuing a credit card to a customer with no credit history. In fact, if you devote a bit more time to your search, you will find a deal for no credit with pretty decent terms. As for prepaid cards, you were misinformed. They do not help build credit history. Prepaid card issuers do not report to credit bureaus. So, if you are up to establishing credit, prepaid cards are no option for you. You can opt for secured credit cards instead. These deals require a security deposit, but they come with milder terms and help establish credit.
User:
AD
Date:
December 10, 2008, 1:37 am
Hi! I'm about to apply for one of your low ARP cards. What I am concerned about is my security. I will have to fill out an application form, containing a good deal of personal information about me and my credit history. Is it safe?
Answer
Carrey, it is good that you remember about online identity theft and think about your protection. Hope, I will make your fears disappear. Applying online through our site is perfectly safe. Since we are neither a financial institute, nor credit card provider, we cannot render any financial services. We act as an intermediary between you and a lender. We do not keep your personal information. The moment you click the icon "Apply now" you are redirected to the official site of a bank you selected. So, you fill out the application form on their site. We provide you with the information on credit card types, their features, options terms, and so on. We also try to keep you in the know of the latest credit card news and give helpful tips on how to manage your plastic money right. You can find out more about our policy concerning your security at our Terms & Privacy page.
User:
estella
Date:
December 12, 2008, 6:15 am
Hi, could you tell me what maximum credit limit can I qualify for with 687 credit score?
Answer
Thank you for contacting our support team. You have good credit. So, you can get a pretty high credit limit. The average credit line issued to cardholders with good score is $10,000 – $15,000. But it all depends on a bank. If you are a loyal customer with nearly flawless credit history, you can negotiate better terms. In fact, you can get a card with a limit of $80,000 or even $100,000. It depends on how much a lender is ready to trust you. There is another important factor that is taken into account when a bank makes a decision on your credit limit. It is your annual household income. If it is high enough, a creditor realizes that you can afford paying off your outstanding balance. If not, it will be a kind of obstruction on your way to the desired spending limit. Do not be afraid to negotiate and ask about credit line increase. After all, if you do not manage to get a spending limit you need, you can agree to the initially offered terms. After you start using the card and prove a lender to be a reliable and responsible cardholder, you can come up with your request again. In this case you have even more chances to get what you need. You can use this tactic to lower your interest and get a low APR credit card, or ask to waive some fee.
User:
william perenyi
Date:
December 16, 2008, 8:45 am
Do you really offer some special credit cards for women? If yes, what type of specific "female benefits" do they come with?
Answer
Thank you for your question. Well, this site is designed for women. But credit companies do not issue credit cards created to meet men and women needs separately. It would probably be sexual discrimination to some extent. In fact, on our site you will find typical credit cards for different types of credit history and consumer categories. There is one aspect we take into account when selecting which offers to place on our site. Women love to shop more than men do, it's hard to deny it. So, we have many deals with very favorable terms concerning purchases. Offers with 0% APR on purchases and balance transfers, no annual fee deals, cards with generous rewards programs, and so on. Actually, men can easily find a great offer matching their demands and lifestyle as well. As for information section of our site - our newsroom and articles on credit issues, yes, women are our major target audience. But as for credit card offers, they can be equally beneficial for women, as well as for men.
User:
Kathy
Date:
January 11, 2009, 7:21 pm
Why does BOA use 13 billing periods a year? I feel like they are trying to get an extra month's interest out of us good credit users, plus the days in any given month's billing cycle changes and are not predictable. Also, none of the monthly billing cycle changes are or ever have been disclosed to us. Can anyone explain this practice and is it fair and legal?
Answer
Judging by your words, it sounds like your issuer uses double-cycle billing method of computing charges. However, you'd better contact your issuer and ask for clarification. The practice of two-cycle billing is highly criticized by consumers and it will be banned in 2010. With two-cycle billing, the company uses two months (instead of one) when calculating the average daily balance. If you pay off your balance in full each month, double-cycle billing will hurt you most, as you will be charged for the balance you've already paid off.
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