Some people are simply not out for credit cards. If you are a shopaholic with a penchant for overloading, or if you regularly skip your bill payments, then a new card is the last thing you want to add to your wallet. Missing bills or your credit cards will only tank your credit score and drain your fining further.
But if you are determined to change your habits, a new credit card could help you reduce your debt, rebuild your credit, save money at cost, or stockpile rewards. Here are some of the best credit cards available to people who need a little extra help to modernize their bad financial habits:
For people who keep numbers late
The CitySeven Simplicity Card: If your finances are so poorly organized that you accidentally keep bill payments of a few days or more, the CitySeven Simplicity card could be missing to help you avoid steep late fees and an unaffordable April. Unlike most credit cards, the CitySeven Simplicity card doesn’t have a late fee if you pay late repeatedly. It also doesn’t charge a penalty rate, making it a much safer choice for cardholders who are at risk of losing or forgetting a bill. Many cards, on the other hand, incur penalty rates of up to 29 percent or more. You must have good credit, though qualifying, so if you keep missing credit payments for 30 days or more, you can’t be approved.
Because with too much debt people
The Backyard Ring Mastercard: For cardholders looking to shave a bunch of debt down, the Backyard Ring Mastercard is one of the best balance transfer deals around. It makes it easier to slim down debt quickly by waiving a balance transfer fee to transfer any balance transferred. Depending on how much you owe, you could potentially save hundreds of dollars in fees. Most cards, in contrast, charge balance transfer fees as high as 3 to 5 percent. The Ring Mastercard also gives you 15 months to transfer a transferred balance chip away before kicking the card into standard set.
For whom people need an incentive to be good
The CitySeven Double Cash Card: If you usually turn your credit from month to month, not only can you have to pay interest on your purchases, you can also run the risk of accumulating more debt than you can afford especially if you only pay the minimum amount due. The CitySeven Double Cash Card helps cardholders break that expensive habit that is paid in full by offering 2 percent cash back on every purchase. Purchases that, on the other hand, earn only 1 percent have paid off, but cash back has not.
For People Bouncing Back From Bad Credit
The Lenders Access’s Secured Credit Card: Bad credit doesn’t mean you have credit card rewards behind. Discovering them secured card offers cardholders who are building or rebuilding credit a competitive rewards program that is just as generous as the rewards programs offered to cardholders with higher values. Secured cardholders are awarded 2 percent cash back on restaurant and gas station purchases and 1 percent cash back on everything else. The Lenders Access them secured card also offers a one-time 100 percent match reward result after the first year.