Archive for May, 2008

No Credit History is something a lot of young people experience. Having never had a credit card before or a loan they have not built a good credit score.

Bad Credit is a score below 579, for some companies a bad credit score is considered below 650. These scores are considered high risk and may result in not being accepted for loans or credit cards.

Low Credit is a score in the 580-619 range. This range means you do not have “bad credit” yet but you may be on your way. Scores in this range are dangerous when applying for credit cards and loans.

Fair Credit is a credit score in the 670-699 range, sometimes even 620-660 is considered fair, the higher end sometimes is considered good credit.

A good credit score is anything between 700 and 729. Anything above 700 means you will probably get a good interest rate.

An excellent credit score is anything above 730 points on the 350-850 point scale. People with excellent credit has a well maintained credit history free of declaration of bankruptcy and late payments.

Visa is one of the best known credit card providers. Visa offers some of the most competitive rates as well as a name you can trust. Visa also has ever range of credit card available from standard to extravagant.

Orchard Bank Credit Cards offer competitive rates and benefits. Some Orchard Bank Card Benefits include scheduling your monthly payment due date for a time that suits you, online account access, payments accepted via phone, mail or online, email reminders of payment due dates, periodically account review for credit increases, avoidable interest with monthly grace period and ability to be prepared for emergencies.

MasterCard offers a wide variety of credit cards, debit cards, prepaid cards and world credit cards. MasterCard offers worldwide acceptance, flexible spending power, great benefits and unique features. Each MasterCard Credit Card has unique features designed to target a certain type of applicant.

HSBC Bank goal as a credit card provider is to offer a card that best suits your credit profile and needs. HSBC will even recommend different cards than the one you originally applied for if they believe another card would better suit you.