The credit card for 2010 trends continue to serve some new good and bad news. People looking for their mailbox to their credit card statement can feel a little confused. Firstly, many consumers find a credit card offer in their mailbox at the rate that they have not seen from land. On the other hand, the card issuers remain extremely selective and continue to strengthen the use of the credit card.
According to research company Synovate, Americans received 640.3 million credit card offers by mail in the second quarter of 2010, a jump of 83% in the second quarter of last year, when 339.1 million offerings were envoyés.À brand 6 months 2010 already saw 1.12 billion by post card offers nearly 12 months total of 1.76 billion offers 2009.
At the same time, card issuers will continue to play safely, aimed mainly at those with excellent credit.And more cautious as ever, credit card companies are still increasing rates of new maps and cut limits credit cardholders conforming does not new standard gold excellence card .the average credit APR has reached 14.7%, its highest level since 2001. And credit limits are still be lowered in all areas: according to Equifax, the average credit line on issued payment cards has fallen 11% from $ 4,422 last year, to $ 3,923.
In short, in the wake of the credit crisis and the new provisions of the Act on credit, card issuers of cards remain cautious.The law made it difficult for card issuers adjust conditions of loans in route.Une times able to raise interest rates credit card as they believed, financial institutions must now provide at least 45 days before making changes. In addition, banks always looking for ways to recover losses expected that new reduce credit card late fees and over-the-limit fees.In addition to lower credit limits, this has led to start high interest rates almost all levels.
In fact, according to Synovate, the difference between the premium rate and average credit card rate increased to Countryside % - the highest in less than 22 years. In addition, almost all credit cards offer today floating rates, which fluctuate with préférentiel.Actuellement to a low historical rates, premium rate could trigger rate card increases even more should begin to escalate.
In short, offers credit card may be bouncing back, it is not business as usual.The cardholder will do well to proceed with caution and take measures to protect against the rising rates and deleting rows of crédit.En avoiding warning signs major funders of credit card tend to be on the lookout, cardholders can avoid being marked for decreases in credit limit and other unwanted changes.
Moderate crédit.Les card balances banks tend to show the use of the line of credit high as an indicator of risk.To avoid triggering all red indicators retain credit card balances not more than 30% of the limit of the card and preferably 10-20%.By coincidence, this will also help maintain a good credit score.
Avoid delays in paiement.Rien does explain evil for issuers of cards as a history of late payments, so avoid as the peste.Même lagging behind other invoices can become a problem because it will reduce your credit score; maintain punctual payment habits are all creditors, not only your card company.
Coddle your score crédit.Les credit scores are more important that jamais.ayant a high score will be the quality of credit you for the best offers for new credit cards, it will also ensure that you remain on list of issuers cartes.Deux tips above will help to keep credit scores high, but there are many other things you can do to improve your score FICO.Pour learn more and view your score experienced credit, take our quiz credit note.
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