What Credit Card Should I Get to Help Build My FICO Credit Score?
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Author: Q: I Became Debt Free This Month. I Have $4,000 Saved and No Bank Account. Where Should I Go? Also What Credit Card Should I Get to Help Build My FICO Credit Score?
A: Congratulations on eliminating your debt. You should be proud of that accomplishment – and of saving $4,000. As of early 2010, Capital One is offering an attractive savings account that you should investigate. It’s the InterestPlus Online Savings Account. For those who keep $2,500 in the account, It pays a very competitive Annual Percentage Yield and it gives you the opportunity to earn a 10% quarterly bonus. Get more information online at http://www.CapitalOne.com/DirectBanking.
To find a good credit card, also take advantage of the power of the Internet. Go to http://www.CardRatings.com to find a competitive credit card that fits your needs. There are all different types of cards: for students, frequent travelers, people with excellent credit, those with bad credit, etc. The “best” credit card is the one that suits your spending habits and financial profile. Only you know how often you will use the card. No matter what card you choose, only charge what is absolutely necessary and what you can reasonable pay off quickly – ideally every month. This will be the single best thing you can do to boost your FICO credit scores.
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Posted in Financial Planning, Resources, Saving Money | 
Tags: Budgeting and Money-Management, Capital One, CardRatings.com, CardRatings.org, credit, Credit and Debt, credit card debt, credit cards, Credit Cards, credit crunch, CreditScore, debt, debt free, FICO score, Financial Planning, InterestPlus Online Savings Account, money management, Resources, Saving Money, savings account, Spending Money Wisely
