Building Your Credit
The next question will be, "How?" Today must be your lucky day, read on and you will find good examples of credit cards that will help you build your credit history.
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Citi® Driver's Edge® Card for College Students is first and foremost intended to supply the wants and
desires of students. Therefore it is expected to deal with student card applications. This is more specifically to aid students in purchasing
a brand new or used car in the next 5 years; whether foreign or domestic. The Citi® Driver´s Edge® Card for College Students has great
things to offer. Through the reward program, the cardholders may avail of a 3% rebate for purchases at gas stations, supermarkets,
and drugstores. They may get a 1% rebate for other purchases. A Drive Rebate Program is also ongoing wherein the cardholder is
given a $0.01 rebate for every mile. A maximum of $1.000 worth of rebate is set annually. These rebates are valid for five years and may only
reach $5,000 for such 5 years.
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Bank of America Secured Visa® Card helps you set up a credit history that will help you at present and in the future.
You deposit wherever from $300 up to $10,000 into a Bank of America security deposit account. Your credit line will directly reflect the
amount of your deposit.
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Capital One® Standard Platinum is intended for those who had credit troubles in the past but are now trying to
start fresh. Although its interest rate is a little higher than normal, there is a 0% APR on purchases until December 2008. Another
very important feature is that it has no annual fee and no balance transfer fee. If you need to improve your credit history, this might be your best bet.
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One must start early. The best time to start will be in college. It is way easier to qualify for and get a Student credit card. For as long as you still spend wisely, responsibly and maturely, it is a perfect beginning for the fairytale that is you credit history.
Be prompt. This will help you avoid incurring unnecessary fees or penalties. Also, just like a report card, your credit history might reflect your neglect in paying your bills promptly. This will not only ensure good credit history but will also give you the feeling of true financial freedom.
Maintain the minimum. One must not slack off. If you can, minimize your debt to the best of your ability. Your credit history will be like a reflection of how you try your best to pay your debts.
Be vigilant. Read your credit reports because just like you, the people making those reports are only human. If you are not vigilant enough, you might end up with the worst credit history without any fault on your side.