My Credit Card Account

  My Credit Card Account  - Start building positive credit history in 3 simple steps  - Apr 18, 2007  

Credit history, credit score, credit report-- these words will greet you sooner or later when you apply for a loan, mortgage, rent an apartment, apply for a job, or last but not the least apply for a credit card. Efforts towards building a good credit history should begin early, right from the student life. Ironically most of the students are not aware what is needed to build a credit history. In this article we look at three simple steps that can get you a jumpstart towards good credit history.

1. A checking or savings account

Begin with opening a checking account in your name. This is the first step towards acquaintance with banking and financial institutions. The idea is to open a bank account as early as possible, keep it in good standing, and it should reflect financial stability. And yes, the bank account should be in your name. Don't open and close bank accounts too frequently as this is perceived wrongly by credit reporting agencies. If you open a savings account, the money deposited in it can be used for security purpose when you want a loan.

2. Start paying the bills with your name

You need a mobile right? Go ahead and get a connection in your name and pay the bills so that they build credibility to your name. The way you pay your bills matter the most. If you pay everything on time and in full, a good credit history is waiting for you. The converse is also true. If you start faltering on your bill payments it will reflect badly on your credit history and you will definitely face problems while getting good credit cards and loans on cheaper terms.

3. Get a credit card

Students get numerous offers for credit cards when they enter a college. Some of them get carried away and take a few, and then use them to pay for all kind of things, and end up in debt. This is definitely not advisable. Credit cards are essential to building a credit history but too many credit cards do not build credit history faster. The thing that matters most for credit reporting agencies is how well you are able to repay your debts. Remember any credit card money is a loan which has to be repaid. The less the loan the better it is for you. So, try to get one good credit card and start using it wisely.

These three steps though, look pretty simple can go a long way in building strong foundations to a good credit history that will help you all through your life.

  My Credit Card Account  - All Access Prepaid Visa : An excellent prepaid card  - May 7, 2007  

Prepaid cards give you tremendous flexibility and worldwide acceptance. With the financial discipline they promote, prepaid cards have become a popular tool to improve credit history. In this article we take a look at the benefits and fees associated with All Access® Prepaid Visa® Card.

The All Access® Prepaid Visa® Card gives you the simplicity and the convenience you need to manage your finances. All Access is more than just a card - it's a full service account that takes care of all of your financial needs in just one place.

Benefits
100% Approved - no credit check and bad credit is okay.
$10,000 Load Capacity - reloadable at retailers nationwide.
No Upfront Payment - and no minimum balance requirements.
FREE Savings Accounts - higher rate than most national banks.
FREE Instant Transfers - send money to other cardholders.
FREE Account Alerts - email or text messages on account activity.
FREE Direct Deposit - make payday faster and safer.
Online Bill Pay - pay bills to anyone at any time, online.
Extra Cards - on the same account for family members or yourself.

Fees associated with All Access® Prepaid Visa® Card


Annual Fee: $0
Cash Advance Fee: $2.00 for U.S. ATM transactions; $4.95 for international ATM
Minimum Deposit: $10
Application Fee: $9.95
Participation Fee: ($9.95 monthly) or optionally pay per transaction
Reload Fee: $0 for direct deposits or PayPal transfers, $4.95 for ACH or credit or debit card transfers; In person retail cash load fees vary by merchant location.
Inactive Fee: $5.95

The fees and benefits associated with All Access® Prepaid Visa® Card are totally at the discretion of issuing company and can change without notice. It is advised to read the terms and conditions carefully from the All Access® Prepaid Visa® Card website while making an application, to get the latest details about the offer.

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