Comments on: Credit Cards Going Small http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/ Debt free, financially independent and retired early Wed, 01 Feb 2012 18:00:10 +0000 hourly 1 By: mnc http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5674 mnc Fri, 01 Jun 2007 17:42:09 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5674 Mark, I believe the cards that carry an annual fee but do not offer any type of reward are often targeted towards those with less than stellar credit. Without a quality credit score, your options are limited as to the type of cards that you will be approved. Often times you will see the cards willing to approve people with a spotty credit history have an annual fee. Does that make sense? Mark, I believe the cards that carry an annual fee but do not offer any type of reward are often targeted towards those with less than stellar credit.

Without a quality credit score, your options are limited as to the type of cards that you will be approved. Often times you will see the cards willing to approve people with a spotty credit history have an annual fee.

Does that make sense?

]]> By: Mark Andersen http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5663 Mark Andersen Fri, 01 Jun 2007 13:15:21 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5663 About the card with an annual fee with no reward. I haven't seen anything that sets those cards apart from the no annual fee cards except maybe a smaller interest rate sometimes. About the card with an annual fee with no reward. I haven’t seen anything that sets those cards apart from the no annual fee cards except maybe a smaller interest rate sometimes.

]]> By: mnc http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5658 mnc Fri, 01 Jun 2007 12:11:18 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5658 Mark, sorry but to what aspect are you asking why? Mark, sorry but to what aspect are you asking why?

]]> By: Mark Andersen http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5655 Mark Andersen Fri, 01 Jun 2007 12:08:50 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5655 The question here is of course, why? The question here is of course, why?

]]> By: mnc http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5648 mnc Fri, 01 Jun 2007 04:57:43 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5648 You're right that many rewards cards come with higher interest rates and/or annual fees. For that reason, you will receive the best benefit from a rewards card if you do not carry a balance from month to month. FWIW, I refuse to carry a credit card that charges an annual fee regardless of the reward. You’re right that many rewards cards come with higher interest rates and/or annual fees. For that reason, you will receive the best benefit from a rewards card if you do not carry a balance from month to month.

FWIW, I refuse to carry a credit card that charges an annual fee regardless of the reward.

]]> By: Mark Andersen http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/comment-page-1/#comment-5644 Mark Andersen Fri, 01 Jun 2007 04:25:31 +0000 http://www.mynewchoice.com/2007/05/28/credit-cards-going-small/#comment-5644 This is yet another way that financial institutions make money. Obviously a credit card will be useful for most businesses since every place has emergencies at one time or another. Whenever there are special perks for cards though you should look for the annual fee or higher interest rate (even with good credit) This is yet another way that financial institutions make money. Obviously a credit card will be useful for most businesses since every place has emergencies at one time or another.

Whenever there are special perks for cards though you should look for the annual fee or higher interest rate (even with good credit)

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