Credit cards with excellent credit rating could vary in their parameters. Card issuers offering excellent credit cards are more stringent while looking for credit scores of card applicants. These cards could be cash rebate cards, hotel reward cards and airline mile cards. Excellent credit cards are usually offered by reputable banks to customers who tend to have a high flying lifestyle that involves large income and large expenditure.
Customers with excellent credit are generally those who are prompt at paying out their credit card bills consistently before due time. Such customers also avoid over-the-limit fee which is charged upon exceeding credit limit. Cards with excellent rewards like airline miles, cash rebates, 0% introductory APRs and bonus statements are considered excellent credit cards. These credit cards are also known for special rewards like travel benefits, hotel and restaurant discounts, lounge access in airports and various other attractive features. Excellent credit cards are also associated with benefits like free cash advance and currency exchange.standard credit cards
You can apply if: you have a long and positive credit history with a mix of credit types, you keep your balances low and make on time payments every month.
You can apply if: you missed a couple of payments a while back, your credit history is not long, or you declared a bankruptcy in the past, but now you manage your credit(s) perfectly, which cancelled out past credit troubles.
Fair / Good Credit
You can apply if: your credit seen up and downs, but now it is stable and you manage it responsibly: you're making on time payments every month and staying within limits now.
Reasonable efforts are made to maintain accurate information. However, the information on the cards' rates and terms is presented without warranty. When you click on the "apply online" link you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site.
Credit Cards That Will Help You Make Excellent Credit History Count
What is excellent credit?
Excellent credit history of an individual signifies that his credit history doesn't comprise of bankruptcies or delinquent accounts, as such events stay on your credit file for up to 10 years. An individual is considered to have excellent credit when his or her credit score is in excess of 750 out of a possible score of 850. Individuals, who consistently make their payments on time, have a good income, make substantial spending without incurring any debt and do not incur late fees or over-the-limit fees, can expect their credit scores to go over 750. There are numerous benefits for such individuals with credit cards in the market on offer.
Excellent credit cards and their features
Excellent credit cards are signified by their extremely low APRs slightly over 10%, allowing customers to avoid excessive interests. Most customers with excellent credit have a dedicated hotline for customer service. This is very important especially during vacations when you want to report a stolen or lost card. In fact, some card issuers even provide free travel accident insurance, lost baggage reimbursement, cash advance and currency exchange fee waivers on the credit cards offered to such customers. All these translate to a lot of saving for the credit card holder. Those with excellent credit also enjoy special balance transfer offers. The introductory period for 0% APR on balance transfers for credit card holders with excellent credit is usually in excess of 15 months, often extending up to 21 months. This translates once again into enormous saving for those who wish to inject cash in their small business, or make large purchases in the tune of thousands of dollars.
Card holders with excellent credit are generally offered good lifestyle cards which allow them to enjoy unlimited benefits while on travel. Individuals with excellent credit are usually the only ones considered for frequent flyer and frequent shopper reward cards that bring benefits in the form of huge discounts on air tickets, hotel stays at reputed hotel chains across the world and discounts at restaurants too. There are award nights, free event travel and thousands of free air miles in bonus for such card holders too. A lot of credit cards for excellent credit come with excellent terms that include no spend-minimums, no rotation of rewards or alternating APR terms. Excellent credit history also allows you to enjoy huge cash back offers for purchases at groceries, drug stores, home improvement stores, restaurants etc. There are added frills like roadside assistance, 24 hour travel assistance and $0 fraud liability too.
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