kjkropp asked:


I have a credit card that is over my credit limit but is still “open” or I have a card that is below the limit but has been closed by the creditor.
What is the best card to pay off first, asuming that the interest rates are the same. I’m leaning towards the open account that is over limit.
Which one would show most favorably on my credit file?
I don’t USE credit cards, only cash, so lectures about not using the cards is not needed. I made a mistake now I’m paying for it. Iw ill glady pay off my debts instead of taking the cowards way out and declare bankrupty.

No over limit fees, all of those are waived.
Likewise I am already paying well over the minimum payments on each one, but am thinking that I would knock one of the cards down to the mimimum payment and double up payments on the card that is not closed, but it over limit.

Sounds as if I’m heading in the right track.

thanks

Ramon

spdwy808 asked:


I have one judgment (paid), and two older collections (paid), a secured installment loan, and one credit card with a low limit. Never been late on the last two. I am trying to establish a good mix of credit. Unfortunately, I haven’t had much luck with the retail cards.

Stephanie

Katie asked:


How can I find a free credit report without having to use a credit card number. I don’t own a credit card. Is there any one that is FREE and doesn’t require a credit card.

Lillian

wifey asked:


Is it 600 or above? I am working on fixing my credit and I have an auto loan that will help rebuild my credit. I need a credit card for emergency’s and to help my credit, just wandering when I should apply for one. Right now Its not near 600.

Lewis

Beth Derkowitz asked:


The Orchard Bank Gold MasterCard is designed for the average person who has an average or limited credit history. Card holders like this card because it does not require a deposit to secure the credit card account. A deposit is required when opening many other secured credit cards.

The Orchard Bank Gold MasterCard, which is issued through HSBC Bank Nevada, N.A., has an annual fee of $79. Although this may seem like a lot, it is actually average for this type of card. The card’s variable APR of 15.90% is quite reasonable, but can be costly for anyone carrying a balance from month to month. The variable APR on cash advances, however, jumps significantly to 24.40%! There are, of course, finance charges for any purchases that are not paid for within the first 25 days, and there are charges for other services like cash advances. Fees are also charged when you go over your credit limit. There is no minimum or maximum credit limits on the Orchard Bank Gold MasterCard.

Another fee that is associated with this card is an application fee of $19. That means anyone who applies and receives the Orchard Bank Gold MasterCard can expect to pay $98 in various fees in the first 12 months.

There are some nice benefits associated with this MasterCard, too. There are no charges if you’d like to add an additional card to your account. You will get many common cardholder benefits like emergency card and cash replacement, lost and stolen card reporting, and the cardholder is not liable for unauthorized transactions on the card. This card also reports to the credit bureaus, so you can build a better credit history if you use your Orchard Bank Gold MasterCard wisely and make your payments on time.

So, the Orchard Bank Gold MasterCard has a reasonable APR and gives many with average credit an opportunity to build a solid credit history. Although it does charge a hefty annual fee, it may be a good card to look into.



Benjamin

Joshua Shapiro asked:


The GM MasterCard is intended for those cardholders who intend to purchase or lease a GM vehicle in the near future. Through the rewards program that is offered with this card, cardholders earn a 5% rebate that is applied toward the purchase or lease of an eligible new GM car, truck, or Sport Utility Vehicle not including Saturn, Saab, or Hummer.

Although the rebates have no annual limit, they expire within seven years. It is important to remember, though, that this card offers one of the highest rebates among card issuers who offer auto reward cards. The card offers an introductory rate of 0% for twelve months for both purchases and balance transfers. After the introductory period, the interest rate will vary based on the cardholder’s credit history. The rate charged with will 10.99%, 15.77%, or 17.99%. The minimum rate for cash advances is 20.99%.

The card has no annual fee, but there is a cash advance fee of 3% with a minimum of $15, and a balance transfer fee of 3% with a minimum of $15 and maximum of $75. This fee, however, does not apply to balance transfers during the introductory period.

The GM MasterCard will provide the most benefits to those cardholders who plan to pay their account in full after the introductory rate expires in order to avoid paying finance charges and who plan to purchase or lease a GM vehicle in the near future and therefore plan to take advantage of the rebate program. Though the rate may be a little higher, especially for those with borderline credit, the rebates offered toward the purchase or lease of a new vehicle tend to offset that, at least for those who plan to use the rebates before they expire.

Some of the other benefits cardholders can expect to derive from the use of this card include the following:

• Online access to account information

• Travel accident insurance

• Reporting of lost and stolen cards

• Emergency cash and card replacement

• Ability to download account information into Quicken or Microsoft Money programs



Robert

Beth Derkowitz asked:


Details of the Orchard Bank Platinum MasterCard Application are fairly simple. This is a nice card issued by HSBC Bank Nevada, N.A. which is designed for people with an average or limited credit history that want to get a credit card account without using a deposit (which is often required of a secured card). If this applies to you, then you might benefit from the Orchard Bank Platinum MasterCard.

If you make your payments on time and keep in good standing, this card can help you build credit if you have little or no credit at this time. There are, however, some fees to take into consideration when applying for this card. There is an annual fee which is dependant on your credit history and it varies from $39 to $69. The interest rates are low when compared to other cards of this type.

There are also common benefits such as purchase protection, lost and stolen card reporting, and no liability for unauthorized transactions. The card does report to credit bureaus so it is a good option if you are looking to establish credit. As long as you don’t mind paying the annual fee, this is a nice card option.

APR on purchases is 11.15% variable and APR for cash advances is 24.40% variable. Finance charges are based on the average daily balance and there is a 25 day grace period. There is no minimum or maximum credit limit and late payment fees are $30 on balances up to $1,000; $35 on balances over $1,000. Over limit fees are $30. Cash advance fees are either $5 or 5%.

Some additional features of the Orchard Bank Platinum MasterCard are that is has various internet account services and options for you. You can track your accounts and spending easily online. There is purchase protection, emergency card replacement, emergency cash replacement, easy to use lost and stolen card reporting and no liability for unauthorized transactions so you can feel safe while using it as well.



Herbert

d_r asked:


i have a playstation network account and i’m planning on buying a psn card. i don’t have a credit card though.

does it work like itunes where you need to enter a valid credit card number first before you can use the gift card or can i just use the psn card immediately without entering a credit card number?

Ruby

Eric Wasselman asked:


GM MasterCard would probably be the perfect credit card to have if you are a fan of GM products. With the GM MasterCard, users are able to earn a 5% rebate when they purchase or lease a new SUV, truck or car from General Motors. Also, earnings are not limited to any annual sum. However, rebates that are not redeemed within seven years will expire.

Furthermore, GM MasterCard cardholders should also be aware of the redemption allowance that is permitted for the specific type of GM vehicle. The allowance is dependent on the year of the model, which differs between alternate GM vehicles. Indeed, it is also not uncommon to find redemption allowances to be raised during promotional periods.

Other benefits of the GM MasterCard include the exemption from any annual fees or registration fees, and also 0% introductory rate for balance transfers or purchases made charged to the card within the first twelve months.

Once the promotion period is over, annual percentage rates will vary with each individual in accordance to the applicant’s credit history. Users with good credit histories are entitled for the lowest possible rates. However, the regular APR of the GM MasterCard is 12.74% for purchase charges and 23.15% for cash advances.

Nevertheless, a minimum cap is applied for credit card transactions regardless of the tie in with the Prime Rate. Also, fees are also payable for cash advances, balance transfers, surpassing the credit limit or for late payments. In return, the GM MasterCard provides its users with protection from unauthorized use of the card, replacements for emergency cash or card, automobile insurance, travel accident insurance of up to $1,000,000 and online access to manage all accounts pertaining to the card.



Leslie

Jason Roberts asked:


Credit has become a pillar of the American economy. When people began to look for ways to increase convenience in transactions, credit cards became popular as an effective way to exchange money in a ‘cashless’ environment, making transactions faster and avoiding the problems associated with dealing in cash. The rise of credit merchants and the widespread use of credit for household transactions has made large financial groups such as MasterCard into catalysts for the daily flow of money between clients and businesses. With this power, though, comes responsibility, and now people are wondering how to respond to problems of credit fraud and identity theft, and where the responsibility lies for these safeguards.

In a recent attempt at technological piracy, unauthorized parties got access to data held by millions of MasterCard holders. Financial data was taken from databases and a kind of general concern ensued. MasterCard named the third-party data firm CardSystems as the point where security was breached. The problem caused a lot of confusion as consumers wondered how their personal finances would be effected. The credit companies have issued warnings regarding the possibility that individuals could have their credit information used by thieves who gain access to the pilfered information.

Still, MasterCard has made clear that cardholders themselves are not generally responsible for unathorized charges. Consumers have a responsibility to report unauthorized charges promptly, and credit companies like MasterCard work to identify the problems and stop the cash flow. Cardholders enjoy the safety of non-liability agreements that limit their personal exposure to credit theft.

In addition, MasterCard and other credit corporations have come up with new ways to safeguard credit information in order to alleviate customer concerns. New products such as MasterCard SecureCode help cardholders to protect themselves from credit fraud. SecureCode is a product that deals with a growing type of credit use: the use of credit cards over the internet. With so many cardholders putting their card numbers on the web to buy online, and a growing number of unsafe connections through ISPs, it’s essential to address the problem. ‘Open’ connections like wi-fi and cable increase the chances that hackers will somehow gain access to card numbers and be able to use them for illegal activities. Use of tools such as SecureCode helps MasterCard holders to make sure that their card numbers are safe; another important point for those trading online is to protect their connections from vulnerability using firewalls, anti-virus programs and other general network tools.

MasterCard has long been a familiar name in the ‘realtime’ market, in advertising and active in daily transactions. Now it is common online as well. If consumer trust continues, MasterCard will continue to manage finances and financial data for a long time.



Rosemary