Sentences with phrase «traditional credit cards because»

If you don't qualify for a traditional credit card because you have no credit history, secured credit cards are a great way to get your toes wet and learn how credit works.

Not exact matches

Banks are pushing for the switch to EMV technology because cards with chips are more difficult to counterfeit than the traditional American credit card with a magnetic stripe.

Instead of pursuing traditional funding sources — and because of his high credit score — he opened up 12 - and 18 - month interest - free credit cards.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

A secured credit card is treated like a traditional credit card by merchants and benefits the user because card companies typically report the account activity to the credit reporting bureaus.

Many are not carrying credit cards — a traditional method of building credit — because their student loan debt averages about $ 35,000 and that's a hefty load already on their budding credit reports.

Debit cards or often considered a hybrid payment tool because it is accepted like credit card at traditional and online retailers without the need to make a monthly credit card payment.

Traditional credit cards will probably deny your application because of your recent settlements; they don't want to take a risk that you'll settle on their accounts, too.

Because of that, people with low credit scores or a limited credit history may be unable to win approval for a traditional credit card.

The American Express ® Green Card can help you get the job done because it is slightly easier to qualify for (compared to a traditional credit caCard can help you get the job done because it is slightly easier to qualify for (compared to a traditional credit cardcard).

Some types of traditional loans limit what you can spend the money on, while funding sources like credit card cash advances usually cost more in the long run simply because the interest tends to accrue and add up over time and not be paid off for many months — even years.

For the purposes of this review, we'll be discussing the latter because it's more comparable to traditional credit cards.

It means they don't have a credit report or score on file with the three major credit bureaus (Equifax, Experian, and TransUnion), usually because they don't have a traditional credit trail such as a credit card or college loan.

After that, the card works similarly to a traditional credit card and unlike prepaid or debit cards, allows you to build credit because your activity is reported to the credit bureaus.

They do this because they know some customers can't qualify for traditional cards but are desperate to start building their credit.

That's especially true, they say, for consumers who have thin files and would have otherwise been turned down by lenders because they didn't have enough experience with traditional loans, such as credit cards and auto loans.

I was also thankful that I'd chosen a traditional rather than a Roth, because I would have been so tempted to pull that out of a Roth and right into the 23 % interest credit card debt.

«This is useful because some people may not require a credit builder loan and could apply instead for a traditional credit card, or other product, with a low balance.»

Delta is a great place to start when it comes to earning airline elite status because Delta's co-branded credit cards make earning status achievable even for those who don't fly nearly enough to earn status the traditional way.

The Citi spokesman says it excludes phone bills because «most traditional landline phone bills are not paid by credit card.»

Because the watch uses both NFC and magnetic stripe technology, it works with traditional credit card readers.