Today we are going to show you about the best credit card for beginners in 2023. hey guys my name is Melvin Johnson again today I'm going to share with you what I believe to be the best kept secret in the credit card industry. This credit card company has just really done something phenomenal and also under Google underwent some changes as of late within this past six months. However, it has not affected their performance as a car issuer but before I move on a lot of you guys know this company particularly you may have seen them on Amazon do or checkout or eBay During the checkout and various other websites doing checkout, and only know them by way of the Credit. That they offer in their business and if you haven't caught on yet – what company just that I'm talking about I'm talking about PayPal offers a phenomenal credit card they offer - by the way they offer PayPal MasterCard. The PayPal masters extra which is a one two three percent Interest cashback on any purchase. That you spend I think this is phenomenal recently PayPal credit was bought out by well the the service surfer PayPal was committed a bank and they were just bought out by secretly Bank within the last six months. They underwent some changes and if you don't know if you have a PayPal credit lookout because they will start reporting to the bureau's if you are like me and you love being you love that introductory period that they have but then they're also that special promotional financing. That they offer that if you spent over a hundred dollars then you would not have to make a payment until six months if that balance was paid in full you wouldn't even have interest on it well, they've changed some things a little bit because now they require that you have at least a minimal payment on that balance there's no interest you're just paying on the minimum principal but then Also, they're going to start I would say here in September reporting to the bureau's now you called they may say hey we don't know when this change Will go in effect or maybe it'll go in effect in a couple of months but nevertheless it's changing so if you have a PayPal credit and not a PayPal extras MasterCard or a PayPal MasterCard make sure you get that balance down as low as you possibly can get it so that you can have the best chance at maximizing your credit your credit options. when you go and apply for the car now back to the PayPal Mastercard though PayPal Mastercard is awesome not only does it offer a 1-2-3 percent introductory sort of no that's not even one two three percent introductory that's actually one two three percent cash back on all purchases they offer at minimum we've been successfully able to secure most of our clients at least fifteen months at 0% interest on these credit cards. That is phenomenal so if you like me and you like to use these cards you don't like to pay interest you can rest assured knowing that you have this for at least fifteen months okay that's phenomenal I don't know many card issuers out there that are doing that for beginning car holders now a lot of times you see nine twenty one months and every now and then you have a story of a person that's got a 24 month period but that's typically those higher cards one of my last clients. we were able to secure him ten thousand dollars he had he had only had an account with PayPal for maybe several months I've been to this point however he was able to secure ten thousand dollars just like that and you know as you guys would know what I would recommend is making sure that. if you have a credit profile established already that you have all your accounts to be current you also have a low utilization so that you're not sort of risking not being approved or not being approved for as much as. you possibly can get because this is a phenomenal car lastly one of the things that I'll say is maybe if you are in a position where you couldn't wait open the PayPal account up let it sit for a month or two because a lot of institutions. They won't tell you this but they require that you have at least 90 day relationship with them before they'll give you what they can see to be their premium members They all wait to give you the max of what they can offer you if you found this post to be helpful please like share and do not forget to do that and so that you can stay up on the tips because we will do this you know quite often as you guys know credit card issuers change their sort of special rates all the time but I don't want you guys to miss out on that so please do that and my name is Melvin Johnson it's been fine until we meet again.
0 Comments
|
Archives
January 2023
Categories |