Credit card and good credit are directly related to each other. So to know their relation it is necessary to first know about credit card.
A credit card is a method of payment in which financing firms give you advance money. In other words, credit card is a mode of payment method that enables the person to purchase things, to take money in advance from bank. Sometimes it also makes the person eligible for taking personnel loans.
A safe credit card is a card which has good range of credit limit. It also helps an individual to not only maintain its credit history but to build its credit rating. There are several types of credit cards available in market. Every bank has its own various ranges of credit card. Each card has its own unique features.
You can even compare between the cards among the bank with the help of websites such as www.goodcredit.com.
To get a credit card, it is necessary to have good credit score. Bank accepts the application of only those who have maintained its good credit score at least for 6 months.
It is necessary to get a good limit credit card, as it is helpful in not only buying several things but also enable you to take out cash in case of emergency.
Once you know everything about your needs then you can call the desire bank or you can apply directly online through the website such as www.goodcredit.com. Visa cards and master cards with international usage are the good cards. These cards can be useful anywhere in world to draw money or to buy things.
Giving credit limit to person is solely depending on the bank. So it is necessary to make a right choice and to get the best usage credit card. Card with lo credit limit is worth of no use and it turn out to be a burden on a person. So choose very wisely and with assistance with trustworthy sites like www.goodcredit.com .
Now comes a question how bank decide who to get good credit limit. Here comes a role of credit score.
Following is a range of credit score:
The range of credit score is between 300 and 850
The range between 300 and 579 is considered poor and person falling in this range is need to deposit money or pay some fees in advance to get the credit.
The range between 580 and 669 is considered as quite fair and the person can get loan from few borrowers.
The range between 670 and 739 is considered good and some real good opportunities are available for this.
The range between 740 and 799 is considered very good and person get the more than average deal in it.
The range between 800 and 850 is considered as exceptionally good, and people get the top money lender and very good credit.
So the range between 740 and 850 is considered as good credit score. And people who come under this range get the credit limit above 1 lakhs. This limit of credit card is considered the best.