Some credit advisers say you should have some premium credit cards on you're credit report. Whats the best?

Question

Are they saying you should have American Express, Discover, Chase, Citi, Bank of America credit cards to build you're credit score and profile? Whats considered the top tiered credit cards? Is WAMU considered a premium credit card?

Answer 1

Many of the best rewards cards require good or excellent credit. Personally, I just go for the rewards card(s) that will pay me the most for my normal spending. Then I funnel all my normal spending through my cards and pay off the balance in full every month. That way I build credit, avoid interest, and earn maximal rewards.

To see which reward card or cards will pay you the most for your normal spending, you can use this rewards calculator:
http://www.creditcardtuneup.com/

Answer 2

The best way to re-establish credit if everything else fails is to take $1000 to a bank or credit union that reports to all 3 credit bureaus and deposit it into a one year CD. Then borrow $500 against that CD and deposit the $500 in a savings account so that the bank can auto draft the money to pay off the loan in one year. You will make interest on your $1000 and build a credit history at the same time. You should be able to get a credit card with at least a $300 limit by that time and your score will be higher. You can repeat as needed to build more credit. This is a great way to build credit.

Answer 3

Major credit cards are American Express, Discover, Visa, and Mastercard. Many different banks offer Visa or Mastercard (the most widely accepted cards) with a wide range of terms.

I recommend you find one with a reward program that suits you. I prefer cashback. Charge normal purchases on the card and pay the balance at the end of the month.

Answer 4

If an unmatched business credit card with fee free membership reward program, from one of the leading credit card providers in USA is your priority, the Platinum Business From American Express is the right credit card for you. Backed by unmatched service and professionalism of American Express the Platinum Business Credit Card brings you a vital mix of business and reward credit card. A glimpse of the features of Platinum Business Credit Card from American Express, will surely convince any small business owner about its financial prowess.

Basic features highlights:

The Platinum Business Credit Card comes fully loaded with the following basic features:

* No annual fee
* 0% Introductory APR for the first 12 months on purchases.
* A 7.99% rate on balance transfers made during the six-month introductory period.
* Purchase protection
* Extended warranty for purchases
* Auto rental insurance
* Up to $100000 in travel accident insurance
* Lost luggage insurance
* Emergency card replacement services

All these features bring a lot of savings in interest rates and, annual fees to the credit card owner.

Reward program highlights:

The fabulous reward programs that come with Platinum Business Credit Card form American Express are a class apart, in short this card provides:

* Fee-free Membership Reward Program.
* Opportunity to redeem points for various benefits and services
* Flexible reward program with no yearly limit and no date of expiry applied to points
* Up to 2.5% cash back on qualified purchases
* Up to 5% Cashback when you make the purchases within OPEN small business network
* Special discounts at stores including Staples, AT&T, FedEx, and 1-800-FLOWERS.COM.
Apply online for a best american express credit card: http://www.credit-card-gallery.com/American_Express.html

Answer 5

most majior credit cards have plattinum and gold status,
get one of those