Will Your Credit Score Impact Your Ability To Qualify For A Balance Transfer

Having an excellent credit score of 750 or more will qualify you for a balance transfer credit card with long zero percent introductory rate. With longer zero percent introductory rate, you will have more time to pay off your credit card debts without getting charged with the regular APR interest fee. Balance transfer cards for people with excellent credit usually provides many incentives such as lesser fees, rewards programs and higher credit limits.

You don’t necessarily need to have 750+ to apply cards in the excellent category. If you have a credit score of at least 720 or more, you are encouraged to apply card in the excellent category because there is a high chance that you can easily get approved as well. Balance transfer card is not just for those with perfect credit score. As long as your credit score is in the range of 670+, there should be no problem in finding a balance transfer credit card offer.

You don’t have to be afraid of getting rejected by the credit card company if you don’t have ideal credit score. You should go online and visit credit card comparison site to find the most attractive offer for balance transfer card. The credit card comparison site provides all the details of the balance transfer credit cards for you to go through at a glance including length of the zero percent intro, APR, balance transfer fee and average credit score of the people that gets approved.

After your balance transfer card is approved, the first thing that you should do is to transfer your credit card debts. You should check with your credit card company and find out if they offer an incentive to waive the balance transfer fee if you transfer the credit card debts within a certain period of time. Many balance transfer credit cards would waive the balance transfer fees if you transfer your credit card debts within the first 30 – 60 days.

You should make planning on how much to set aside every month so that your debt is fully paid off by the end of the zero percent intro promotion period. If you have some financial problems and you can’t pay up to that amount, you should then do your best to pay as much as you can every month. You may probably come up with a sum of funds that allows you to pay off your credit card debts during the zero percent intro period.

If you have a poor credit score below 600, it is recommended that you get a secured credit card and build up your credit score first. After you have built up your credit score, you will be able to qualify for a good balance transfer credit card.

Is There A Rewards Credit Card For Sams Club

Sams Club has their own rewards credit card called Sam’s Club Master Card. The card is previously known as Sam’s Club Discover Card. Sam’s Club Master Card allows you to earn up to 5% cash back on gas on the first $6,000. The 5% cash back only applies only if you purchase the fuel on a petrol station in the USA and Puerto Rico. This means that you pump your fuel at Costco, you are not entitled to earn the 5% cash back.

Each year, you are entitled to earn up to $5,000 of cash back. You can earn 3% cash back with your card when you spend money on dining and travel. All other purchases spent on Sam’s Club credit card will earn you 1% cash back. Besides, you also get to earn $10 for every $500 that is spent on selected purchases. These earnings from this rewards is limited to $500 per year.

The rewards that you have earned will be paid out every February of each year. It will mail a check to your home address and you are to cash it at Sam’s Club branch. You must cash the check within 180 days otherwise it will be expired and you cannot redeem it anymore. Sam’s Club Master Card does have a signup bonus of $20 and you can redeem this bonus when you have spent at least $50 on the card.

They do not collect any annual fee from card holders but they do require you to maintain a Sam’s Club membership. There are several membership plans at Sam’s Club and the cheapest plan costs $45 per year. The card has features such as zero fraud, identity theft, extended warranty and online banking.

Sam’s Club Master Card has an integrated EMV chip to provide enhanced security. You can swipe the card at any store that accepts MasterCard worldwide. The card is suitable for use in traveling because it does not charge additional fees like foreign transaction fee.

Sam’s Club Master Card is suitable for people who frequently travel with their cars. If you make full use of the cash back rewards for gas and spend up to the maximum limit, you can expect to earn $300 from cash back in a year. The $300 cash back can be used to get at least 3,000 miles of free fuel.

The card is ideal for people who are living far away from the city where it becomes necessary for them to drive a long distance to do their daily chores every day. It is also suitable for people who regularly shop at Sam’s Club as well as those who spend a lot of money on dining and travel.