Positive Things about Credit Cards to Look Out For!

When it comes to credit cards and credit card companies, everyone has their share of complaints but these cards have become a primary part of our society. Here’s a look at the few good things about credit cards:

• They help build good credit

When used in a proper manner, credit cards can help you build a positive and strong credit history that lenders consider less risky.

• They help rebuild damaged credit

Even if you have made major credit mistakes, your credit cannot be bad always. You can easily begin rebuilding your credit by utilizing a credit card. Credit cards like Citibank credit cards are designed to suit the multiple needs of customers. One can select from credit cards that let them earn reward points and cashback.

• Creditors can’t hide things from you

No doubt creditors inform other creditors about how you have paid your bills, you still possess the ability to view that information. You can order a copy of your credit report and find out about what your creditors are talking about your payment and spending habits.

An Introduction To Citibank Credit Cards

Citibank is one of the leading card issuers who is offering a wide range of Citibank credit cards. These cards are appealing to all types of consumers and have countless benefits. There are various rewards one can earn with Citi credit cards. A user having such credit cards can earn bonus point rewards, gift vouchers, cashback and so more. A Citibank credit card is a perfect companion, no matter one is planning for a vacation or just wants to shop for grocery items.

A user can also earn exclusive benefits while spending on everyday purchases, shopping, etc. Citi Credit Cards also comes with an easy EMI option that helps fulfill all your dreams. To get the Citibank credit card that aligns closely with your lifestyle, you need to compare each card along with their features. This helps you get the right credit card and helps keep your financial life on track.

Citibank credit score: A prerequisite for obtaining a Citibank credit card

For owning a Citibank credit card one needs to be eligible with a decent Citibank credit score. The credit score is the range depicting one’s level of debt. They are usually three-digit numbers ranging between 300-850. One’s credit score will be taken care of while opting for a new Citibank credit card.

 


Higher the credit score, better will be one’s credit resulting in a lower rate of interest on Citibank credit card. It is recommended that, along with fulfilling the other eligibility conditions, the score should fall in the category of “good” to “excellent” to have a go through for the Citibank credit card. The other requirements for becoming eligible for Citibank credit card are :

• The prospective owner must be aged 21 or 18 years with parent’s consent or have a valid source of income.
• Must possess a social security number
• Have all legal and valid document proof for the name, date of birth and residential address
• Have a constant source of income
• Have all Employment records (if any)
• Must show Present Value of the collaterals (if any)
• And previous associations with Citibank (if any)
• As the Citibank credit card application is dependent on various requirements, the reason for denial can only be known by sending an application. If obtaining a low credit score is the reason for rejection, then it can be resolved by increasing the credit score. This can be done by:
• Paying timely bills
• Leaving no credit balances
• Reporting any discrepancies on the credit report
• Avoiding any further debts, etc

The above steps might involve a few months but will help in improving the credit score for the reapplication of the Citibank credit card.

Top Citibank Credit Cards in Different Categories

People who have been using credit cards know that Citibank is a renowned name in this industry because of their rewarding credit cards and premium features. Citibank credit cards are considered among the premium credit cards. According to the offers, rewards and other benefits, here are the best Citibank credit cards in their respective categories.

• Citi Rewards+ is best Overall and It Comes No Annual Fee
• Citi Rewards+ Student Card is best for Students
• Citi Secured Mastercard is best for Bad Credit
• Citi Simplicity is best for Balance Transfers
• Citi Double Cash Card is best for Cash-Back Rewards
• Citi Premier is best for Travel and it has best Sign-Up Bonus
• Citi Diamond Preferred Credit Card is best for Financing Large Purchases

So, if you see or hear these names from your credit card provider, look out for detailed offers you are getting. Don’t miss these if these fit with your requirement and spending habit.

Top 3 Low Interest Credit Cards for No Credit

It is hard to get low interest credit cards for no credit, but it is not impossible to do so. When you have no credit history, the credit card providers have less trust in you. You have to get settled with the best offer you get because clearly, you don’t have as many options as the people with good credits do. But, a few credit card providers have come up with credit cards with low interest for the people with no credit. Here’s our list of top credit cards for no credit.

Wells Fargo Cash Back College

• 0% annual fee
• 0% Introductory APR
• 3% cash rewards earned for up to the spending of $2500 for the first 6 months. 1% cashback for each $1 purchase from your card.

It’s best for students as they are the ones with no credit score. That’s why the providers have named it after college students.

Discover it Secured Card

• 0% annual fee
• The minimum deposit is $200
• You can upgrade to unsecured card anytime when your score gets better.
• This is a low fee credit card within the reach of people with no credit history

Petal Visa Credit Card

• 0% annual fee
• 14.75% to 24.75% regular APR
• 1% cashback on all purchases. 1.25% after 6 months, 1.5% after 1 year of timely payments.
• 0% foreign transaction fee

Build up your credit score by having any of these cards and then you can shift to better credit cards with low interest, good reward schemes and cash back offers.

How Do You Use Your Credit Card For No Credit?

It is always better to exercise caution and be more aware and alert when using your credit card for no credit. One of the best and the most effective things that you can be doing right now to make sure that your Citibank credit card stays up to date and your finances remain just the way you want them is to review your account often.

Checking Your Account Information
This is probably the most important aspect of your finances. If you want to make sure that you are using your Citibank credit card more diligently, you need to review all your recent account activities regularly. Doing this is also fundamental to credit card safety and it is extremely easy.

You can either do it online or by phone. Typically your credit card issuer company or bank will make sure to send you emails and text alerts for the same and also about any unusual activity on your account. You may sign up to receive those notifications. You may also sign up for any credit monitoring services from your bank if you have already been a victim to financial frauds or identity theft in the past.

These monitoring services are very useful especially when you are travelling. Whenever you make a purchase the bank will use your phone’s location services to compare where the purchase was made and where your phone is located so that the activity can be verified. Search monitoring services come in handy when you want to stay up to date with your account information and credit card security.

Stay Away From Fraudsters, Protect Your Credit Cards

You can protect your credit cards with no annual fee and also prevent your finances from getting ruined by understanding how fraudsters and scammers work. Cybercrime and especially financial frauds have increased in number during the past few years and they continue to pose a problem for every credit card user out there.

Regardless of the fact whether you use your regular credit card or credit cards with low interest, you should know of certain ways how cyber criminals target you and collect critical financial data from you. Do you know that they use a device called “skimmer” to collect data from your card and ATMs? These can be fit over the card slot or even the PIN pad and can be easily mistaken as a part of the machine.

These are very difficult to detect and therefore it becomes very important for the user to monitor their bills for any suspicious activities. To be absolutely certain that you are not heading towards a financial problem you should pull out your credit card reports every 6 months or year.