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How can you work out the right card for your needs?

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When you apply for a credit card, you might think it is a simple process. Each day you may be receiving plenty of emails from marketing departments promising you 0 balance transfers, low interest rates and no annual fees. It is not necessary that you are automatically eligible for such a card. When applying for a credit card, do not apply for multiple cards at once. If you appear to be shopping for credit, that can also have adverse effects on your credit scores. After careful consideration of all the clauses use a credit card which has the most satisfying features for your needs. That way you will be using the right card and saving money!

When you apply for a credit card, the first thing that is looked at is your previous credit history, as a first time applicant with no credit history banks may be reluctant to offer you a high credit limit. So opt for a card from a bank where you have your salaried account. Thus you can get a credit limit suited to your salary. When you get a card with a very good rewards program it is because you have a credit score that is high or very good, about 750 or above. This makes you eligible for such good rewards programs on air miles, hotel deals and discounts. In case you have been denied a credit card, the company is required by law to provide you with a credit statement and a clear reason why you are not eligible for it.

There are also specific store credit cards. Stores like target, Wal-Mart and others offer store credit cards for using in their departmental shopping annexes. This will enable you to gather reward points that can be redeemed at a later date. You may be thrilled to have a card that lets you collect reward points, but spend with caution, along with reward points you also have to pay for everything you shopped. If you are a high end customer, there are specific card which give you a very high credit limit. If you can afford a high annual fee and also a high APR then you need not think twice about opting for such a card. You can easily get some great cash back offers every time you shop. With such wonderful incentives and many other reward plans, these credit cards can make your shopping experience more fun!

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Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

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