How to Get the Best Credit Card Offers
If you're wondering how to get the best credit card offers the answer is simple. You essentially need to have good credit in order to get the best cards at the best interest rates. If your fico score is at least a 720 then you are considered to be in good shape. Although the answer is simple, for some achieving good credit is not a simple thing to do. This is especially true if a person has had a rocky relationship with their past creditors. Getting rid of debt and cleaning up your credit profile will not happen overnight but it is something that can be done with time and determination. If you are a person who does not have a lot of debt then you will simply need to add positive credit to your profile in order to boost your score. Here are a few tips to help you get the fico score you need in order to get the best card offers.
Pay On Time
If you currently have credit cards and other creditors such as a finance company for an auto loan or home mortgage be sure to pay them on time. Late payments reflect negatively on your credit profile and causes your rating to drop. To help avoid late payments it is a good idea to arrange for payments to automatically come out of your bank account on due dates.
Aim for Ten Percent
Using too much of your credit limit on the cards you have can drive down your score. To help boost your fico try to use no more than ten percent of your limit. Of course top this off with paying down your limit to a zero balance within in the proper time.
Get Rid of Collections
Collection accounts on your credit profile are a blinking red light to creditors that you are irresponsible. Pay off any collection accounts you may have. It is a good idea to call the company who holds the account and see if you can't negotiate the pay off price. This is a common practice that is used when cleaning up credit.
Get Some Credit
If you are a person who is just starting out with credit or who is rebuilding his or her credit you will need to show that you can be responsible. You actually need to have some credit in order to get credit. This may seem impossible to do but there are many creditors out there who specialize in giving credit to individuals who are just getting started with building their credit profile or for those who are starting over. Although the limits with these creditors will likely be low and the interest rates will likely be high, this is a good way to get your foot in the door in the credit world.
Having a good credit rating is the key to getting the best credit card offers. If your credit profile reflects that you are responsible with the accounts that you have then your score should rise. If you have no credit accounts then you need to get some and use them wisely. With focus, determination and time you should be able to achieve a 720 credit rating.