By having a great credit score it will give you access to the best APR rates which will save you thousands of pounds over the duration of your lifetime. You will also gain access to the credit cards with the highest limits with exclusive benefits not available to the average consumer.
High limit credit cards offer the best benefits and rewards for their …show more content…
Sign Up Rewards - To attract new customers credit card companies are willing to offer high incentives for new clients. Compare the different offers and promotions available to find the best deal such as cashback on all purchases.
2. Reward Limitations - The best types of high limit credit cards are one that features unlimited rewards. When you apply for one make sure that this is included in the terms and conditions.
3. Loyalty Bonuses - Once you have settled with a company you should be rewarded for been a loyal customer. If the company does not offer this service you should consider other options to compare if you can get a better deal by switching providers.
4. Available Credit - You will need a single card that has large enough credit facilities to enable you to purchase large goods in one transaction. It will help reduce your costs and make managing your money easier.
5. Credit Limit - To improve your credit ratio score you need a high limit card that has big enough credit facilities to enable you to cut your ratio to below 10%. It will improve your credit score and will stop you from going above your limit and incurring extra …show more content…
Try to avoid apply for travel, cash back, and rewards cards.
4. If you struggle managing your finances consider switching to a prepaid credit card and it will help stop you from going above your spending limit.
5. To improve your credit score you will need to get a full report from one of the agencies who supply this service. You can then evaluate the results to see areas where you can improve your score.
Improving Fair and Bad Credit Ratings
Once you have received a copy of your credit report you can then analyze the results to find factors that could be impacting your score negatively. If you have fair or bad credit ratings you should consider using one of the many credit monitoring services online. They can help you to fully understand your report and help you improve and protect your rating from fraud, theft or future negative credit impacts.
One of the best high limit cards for fair credit is the Emporium Card. It has a spending limit of up to five thousand dollars and can be used with over 100,000 different brands such as Gucci, Apply, Prada, and Samsung. It also has a discount of fifty percent for early payoff and zero hidden fees.