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Tractor Supply Credit Card

Tractor Supply Credit Card Review

Tractor Supply Credit Card

Tractor Supply Credit Card

Looking for a Tractor Supply credit card review? Need more information to understand your options and what’s available? This credit card might be perfect for you, and this in depth review covers this credit card in detail including rewards information and tips, interest rates, terms and conditions, fees, online account management, how payments are calculated and applied, as well as dispute resolution.

Tractor Supply Company

As the largest operator of rural lifestyle stores in the U.S., Tractor Supply operates over 1,400 retail stores in 49 states. The company is headquarter in Brentwood, Tennessee and employs more than 21,000 people. The company began in 1938 as a mail order catalog business that sold tractor parts to farmers. Tractor Supply now typically offers unique products and services for agriculture, country living, the garden and the home in its 15,500 square foot facilities. These products include clothing and footwear, dog, cat & pet supplies, trailers & accessories, lawn and garden supplies, welders & welding supplies, fencing, tools & gun safes, and lawn mowers & power generators.

Tractor Supply Credit Card

Currently, the main offer that comes with this credit card is a no interest scheme which applies for a six-month period on all purchases made over $299. So if you often make large purchases at Tractor Supply Co and have no other reliable way to achieve zero interest, then this card makes a reasonable choice. Aside from this offer you also get other cardholder benefits, such as advanced sales notice and exclusive sales events for cardholders only. The no-interest offer is subject to change so make sure you visit the website to see what offer currently applies.

There is also a long-term purchase plan available on a low rate of interest to make your repayments more affordable over a two or four year period. The two-year low interest period applies to purchases over $499, and the four-year period for purchases over $999. See the interest section below.

Apply Online Tractor Supply Credit Card

Apply Online Tractor Supply Credit Card

Tractor Supply Credit Card Terms and Conditions

The standard rate of interest on purchases is 25.99% APR. On extended purchasing plans (24 or 48 months) the rate of interest is 13.99% APR. Cash advances are available at a rate of 29.95% APR with a fee being the greater of $10 or 5% or transferred amount. The minimum interest charge on balances is $2. Late payment and returned payment fees are up to $35. Complete terms and conditions can be found at this link. Click page 2 below to learn about Tractor Supply credit card fees.

Low Interest Credit Card

Low Interest Credit Cards Review

Low Interest Credit Card

Low Interest Credit Card

Finding credit cards with low interest rates gets more difficult to do every day. The credit card companies are working getting back lost revenue from the institution of the Credit Card Act of 2009. Offering new credit cards with low interest rates is not on the agenda of credit card issuers at the moment. In the review below are several credit cards with fairly low interest rates that might work for you if you are looking to make an expensive purchase such as appliances or furniture and need to put the purchase on a credit card.

PenFed Promise VISA Card. The best thing about this card is that it comes with an initial APR of 7.49% which is good for the first 36 months. After that initial period the APR goes to 9.99%. Features with the card include no fee cash advances, and no annual fee. Cash advances carry an interest rate of 17.99%. To qualify for this card you or a family member must be a member of the military or the American Red Cross or you can make a $20 donation. There is no rewards program.

 

Credit Card Review

Credit Card Review

Simmons First Visa Platinum.. The card carries a APR of 7.25%. The card does not come with any other benefits. There is no rewards program or cash back programs. There is no annual fee with this card. This card carries one of the lowest interest rates in the industry.

Discover it® Card. The APR for the Discover it Card is based on your credit history. It will likely range from between 10.99% and 22.99%. There is an introductory 0% offer for balance transfers available for the first 14 months. The same offer applies for new purchases for the first 14 months. There is a 0% introductory APR. You earn 5% cash back on the first $1,500 spent on rotating categories during the first year. After you spend $1,500 on the card then you qualify for a 1% cash back on all other purchases. There is no annual fee.

Low interest credit cards are credit cards that generally carry a low interest rate through the life of the Cardmember agreement. Although they are different from cards that simply offer low introductory interest rates, some low interest credit cards offer 0% introductory interest for a period of time. Most of the credit card offers below have variable interest rates. The variable interest rate is generally calculated by adding the prime rate or prime lending rate published in the Wall Street Journal to an additional rate determined by the credit card issuer. Low interest credit cards reward the consumer who maintains good or excellent credit. If you have bad or no credit see, Bad Credit Credit Cards.

Instant Approval Credit Card
Instant Approval Credit Card

Instant Approval Credit Card

Browsing an instant approval credit card? There are a number of card providers on the market, like Discover for example, who promote instant approval credit cards.

The use of the words “instant approval” can be a bit misleading, as the approval still depends on customers’ creditworthiness and the cards are not to be confused with prepaid credit cards that don’t require proof of income, a bank account or credit check. In reality, customers wishing to get the best deals on a credit card still need excellent credit rating.

Customers typically apply online, completing a financial questionnaire. The individual card provider’s system links back to several credit check companies and an initial approval is given for customers meeting the provider’s criteria. The actual APR offered may well depend on the customer supplying further financial information, which means the initial deal signed up for may not turn out to be as advantageous as it appeared on screen.

Credit Card Review

Credit Card Review

Instant Approval Credit Card Reviews

Providers

Discover now offer their Discover It, and Discover It Card for Students as instant approval cards, while Iberiabank promotes Visa Platinum and Visa Select cards.

American Express promotes a Platinum card, which is a reward card offering bonus points on travel related expenditure. The American Express Premier Rewards Gold Card is also an instant approval credit card that offers rewards on all manner of every day purchases. The Blue Cash Everyday credit card from American Express offers even greater flexibility on purchases where customers can earn bonus points and cash back for the money they spend with the card. The Blue Cash Everyday card is also promoted as an instant approval credit card.

Selection Process

Instant Approval

Instant Approval

The selection process for instant approval credit cards may vary slightly between providers but in principle customers are approved with 30 seconds after they click the submit button that sends their online application to the provider.

It is important to read all the details pertaining to the credit card one chooses as fees and interest rate charges can vary considerably, as can the reward schemes like points or cash back being offered.

Ideally, the provider should allow potential customers to apply, then show what cards might be suitable from the range the provider has on offer and then allow the customer to either select or decline the offered card without alerting credit check companies to the application having been made in the case of declining the offer.

It is important to read the small print pertaining to the selection process, as some providers may pass on information about the initial application, even though a customer has declined the offer. Credit reports may then show that an application for credit was made, but won’t necessarily show that the customer decided against the offered card. Anyone else looking at the report might infer that the card provider rejected the customer, not the other way round.

Gas Credit Card
Gas Credit Card

Gas Credit Card

Choosing a gas credit card? We all need a little help in paying for gas at the pump these days. The price of gas is astronomical and our cars and trucks use a lot of it – approximately 750 gallons a year. It makes sense to try and get a discount on all that fuel. So do you get a credit card that will tie you to a specific gas company? Or should you get a credit card that gives you rebates on gas but that you can use at most any gas station? You need to do some research to make sure that you are getting the most of any fuel discounts or gas rebates from credit card usage.

Things to pay attention to

Make sure that the gas card you use gets the highest rebate yet allows you to use it at the gas stations you frequent. Is there a spending cap on your gas discount? Check out some of these gas credit cards to see if they might work for you in reducing your cast of fueling up at the pump.

Credit Card Review

Credit Card Review

Gas Credit Card Reviews

American Express Blue Cash. The Blue Cash card from American Express gives you 3% cash back on all gas purchases. Of course the gas station has to accept American Express. There are no tiers or spending caps on this cash back program. The card also has other cash back programs on other purchases. Blue Cash provides cash backs on everyday shopping like earning 6% on grocery store purchases and 3% at department stores. You earn 1% cash back on any other purchases you make. There is an annual fee of $75.00 but American Express has been offering a $100 welcome bonus so check it out.

American Express TrueEarnings Costco card. For this card you need to be a Costco member which does cost $50.00 annually. This gas rebate credit card offers a 3% cash back bonus on gas purchases. There is a cap on the gas rebate program but it is set at $3,000. American Express also provides 2% cash back programs on both travel and restaurant purchases made using the TrueEarnings Costco card. All other purchases made with the card earn a 1% cash back bonus. There is no annual fee with this card.

Gas Credit Card Facts:

Gas credit cards, also known as gas station credit cards are cards that offer bonuses on your gas purchases. Traditionally, most gas credit cards were issued by oil companies such as Citgo, Chevron, BP, Shell and Exxon Mobile in partnership with major credit card issuers. These days some of the best gas credit cards are issued by the banks.

Gas credit cards are generally for people with a good to excellent credit card score or credit rating. This would require a credit score of at least 700-749 for credit cards that require good credit and a credit score of 750 or above for credit cards that require excellent credit. If you have good to excellent credit, compare and apply for a gas credit card below.

Business Credit Card
Business Credit Card

Business Credit Card

A good business credit card for a small or medium size business is essential. As the owner of a small business you will need a business credit card for business expenses like travel, meetings with clients, and building up your business credit. Here is a list of business credit cards that may work for you. In most cases, when applying for a business credit card you will need to provide a personal guarantee of repayment. If you do not have good credit, this will affect the type of business credit card you will qualify for.

Credit Card Review

Credit Card Review

Business Credit Card Reviews

SimplyCash® Business Card from American Express. The SimplyCash card offers a variety of benefits for small business owners. The card issuer offers a 0% interest introductory rate for any purchases for up to a full year if you have a good credit history. You also receive 5% cash back on certain purchases your company makes on office supplies, and wireless purchases. There is a 3% cash back program for gas purchases and 1% cash back for your other purchases. There is no annual fee for this credit card.

The Plum Card® from American Express. The Plum card from American Express is not actually a credit card. It is one of the cards offered by American Express that you have to pay in full however, with this card you have up to two months to pay off balances. If you pay your monthly charges off on time then you get a 1.5% discount on everything you bought. There is a $185 annual fee for the Plum card which is waived for the first year.

Starwood Preferred Guest® Business Credit Card from American Express. This credit card from American Express is also targeted at small or medium size business owners who travel. Features of the card are earning 25,000 bonus Starpoints with your first purchase using the card if you spend $15,000 with the card during the first year. You get four Starpoints for every dollar you spend at Starwood Hotels and resorts. One Starpoint is earned for every dollar spent on everything else. There is an annual fee of $65.00 which is waived for the first year.

Business Credit Card Application

Business Credit Card Application

Business Credit Card Notes:

Business credit cards are designed for corporate, sole proprietorship, new business, and small business owners. They include numerous benefits which are designed to suit the needs of daily business operations. Keep track and manage all of your company expenses. Plus, get great benefits such as no annual fee, low intro rates and more!

Business Credit Card for Bad Credit

If you as a guarantor have bad credit your business credit card choices are significantly limited. You may want to inquire about the program by Applied Bank for bad credit. See, also Business Credit Cards for New Business.

Balance Transfer Credit Card
Balance Transfer Credit Card

Balance Transfer Credit Card

Need a balance transfer credit card? Due to the current economic climate, wise consumers are looking for every opportunity to save or earn money. As consumer spending continues to remain low, savings rates are increasing, and many Americans are working diligently to reduce their overall credit card debt. While the concept of balance transfer credit cards is not a new one, these cards are seeing a revival as a tool for rapidly reducing debt and saving significant money in the process.

A few years ago, the process of “stoozing” became a popular way for well-disciplined consumers to earn money from the credit card companies by taking advantage of 0% interest on balances and on transfers. The balance of the card could be drawn as a check and deposited to a high-yield savings account until the end of the introductory rate, then withdrawn and used to repay the balance in full. The interest paid on the savings was profit.

However, the credit card companies have generally stopped this practice by charging a transfer fee of up to 3% of the transferred balance. This particular avenue is not as worthwhile anymore, but there are other ways to benefit.

Stop Spending on Existing Accounts

In many cases, balance transfer cards will also provide an introductory 0% interest rate as well. If you qualify for this offer, one good option is to simply freeze the cards with higher balances and move ongoing expenses to the new card. This allows you to accelerate the repayment on the old card by eliminating interest charges on a balance carried forward with the new card. The cardholder also avoids any transfer fees with this option. For people with very high levels of debt, or with existing cards at a high interest rate, this may not be the best option.

Transfer Your Balance Intelligently

It is not always a good idea to transfer a balance to a new card. If the amount of the transfer fees and percentages is less than the amount you will save in interest, there is no reason to execute the transfer. Alternatively, for consumers with larger debt loads or with existing cards at higher rates of interest, the savings will likely outweigh the fees associated with the transfer.

Be Informed

As with any other financial product, read the fine print. Most introductory offers have very specific expiration periods, and these can be as short as six months. Once the introductory offer expires, the interest rate will revert to normal levels. This level, of course, depends on the credit history of the cardholder. Review carefully to ensure that either all debt will be paid off before the end of the period, or that the standard interest rate is still better than that on existing accounts.

Be aware that any late or missed payments can immediately end the introductory offers on most balance transfer credit cards. This means going from 0% APR on a balance to an immediate 19% or more if there are any mishaps. An issue of this type can completely eliminate any savings you might have realized. Apply for the best balance transfer credit card below or see also Balance Transfer Credit Card for more info.

Unsecured Credit Card
Unsecured Credit Card

Unsecured Credit Card

Need an unsecured credit card? There are three basic kinds of credit cards, secured, unsecured, and prepaid. Secured cards require a deposit and cardholders are basically spending their own money when they use the card. Secured cards are targeted at individuals with poor credit. Unsecured cards refer to credit cards that do not require a deposit by the cardholder. Unsecured credit cards are available to anyone with good enough credit to apply. Prepaid cards require the cardholder load the card with funds and only those funds are available using the card.

An unsecured credit card may however require the cardholder pay annual fees some of them quite hefty. Some of the cards targeted at individuals with the highest credit rating and high incomes involve the more expensive annual fees. Most unsecured credit cards offer cardholder incentives in the form of cash back programs or other rewards programs. There are so many unsecured credit cards available it can be very hard to decide which card is right for you. Here is a list of some of the better unsecured credit cards available to help you make your choice.

Unsecured Credit Card Review

Capital One Venture Rewards credit card. This unsecured card is a good credit card to have if you travel a lot. You earn 1.25 miles per dollar on every purchase using the card. Once you get the card you earn 10,000 bonus miles which can be redeemed for airline travel, car rentals, and hotels. There are no limitations on the amount of miles you can earn using the card. Another benefit to the card is the miles never expire. When it comes time to use the bonus miles you can book on any airline and there are no blackout dates. Currently the credit issuer is offering 0% interest on any purchases made with the card until September 2012 as part of an introductory offer. After the introductory period interest rates run between 11.8% and 19.9%. There is no annual fee with this card. You need to have excellent credit to obtain this card.

Citi Platinum Select MasterCard. Also another good card to have if you travel is Citi Platinum Select MasterCard. Using this card you can earn two miles for every purchase you make using this credit card. When you get the card you will earn 25,000 bonus miles which can be redeemed toward travel purchases. Like the Capital One Venture card there is no limit on the number of miles you can accrue and they don’t expire ever. The bonus miles can be used on any airline and there are no blackout dates. Also important if you travel overseas there are no additional foreign transaction fees. The Citi Platinum Select credit card has an annual fee of $59.00 which is waived for the first year. Interest rates range between 11.9% and 19.9% depending on your credit history. You need to have excellent credit to apply for this card.

Capital One Platinum Prestige credit card. This card offers great discounts on gift cards, travel, and merchandise. There is an introductory offer with 0% APR for both balance transfers and purchases for the first 21 months. After the introductory period is over the APR is variable with rates running from 11.99% to 20.99% based on your credit history. There is no annual fee with this card.

Bad Credit

Generally, consumers searching for unsecured credit cards do so in the context of bad credit. This unsecured card allows you to rebuild your credit so that you can apply for prime credit card with better perks. If you credit does not meet Orchard Bank’s criteria, you may be offered a secured card; however, the unsecured card is not as difficult to get as you might think. You can also prequalify for the card in less than 60 seconds so you’ll know right away if you are approved.

Orchard Bank Card
Orchard Bank Card

Orchard Bank Card

Recently, credit card companies have begun to reach out to what the credit rating services call subprime borrowers. Subprime here should not be confused with home buyers who had subprime mortgages. The definition by the credit bureaus is borrowers with credit scores below the 600 level.

As the economic recession continues and unemployment holds steady in the 9% range, the national credit score average is also declining. A lot of good people, dependable customers and borrowers have been affected by job losses, cut backs in overtime, bad mortgages or increase expenses, more and more people are making payments but making them a bit late, because their cushion between paychecks has evaporated.

These changes all eventually affect your credit scores, so millions of Americans are receiving lower credit card scores by the rating agencies, and reducing the pool of qualified consumers to apply and approve for new credit cards.

Credit card issuers also realize the pool of borrowers with lower scores is not necessarily credit risks. The financial world has changed in recent years and so has the thinking of the lenders.

They need to be able to issue credit to earn profits. Credit card profits account for a large part of the lenders balance sheet. This income is important and needs to be maintained.

With more and more consumer cutting back on spending and reducing household debt, profits for credit issuers are dropping.

The credit card companies are stuck in the middle, many of the card issuers have decided to change their review policies and their approval policies and have once again started to issue subprime credit cards or bad credit cards to consumers with lower than normal credit ratings.

The card companies are developing special programs just for people with bad or low credit ratings. One of the new evaluation tools being used is long term credit history as opposed to a simple score. The card companies are looking to see how an applicant maintained their credit prior to the recession and scoring this history.

This is good for consumers as these programs will also help improve a holder’s credit rating.

MBNA and others have all launched new programs aimed at subprime credit card applicants. See also, Bad Credit Credit Cards.

Credit Utilization Ratio
Credit Utilization Ratio

Credit Utilization Ratio

Everyone knows that keeping your FICO score (credit rating) as high as possible is very important.  It is equally common knowledge that the most important factor in keeping the score high, or recovering your score, is paying all bills on time.  However, many people may be less clear about the other factors in determining your score.  The rating agencies look at the age of your accounts, the number of times you’ve recently applied for new credit, the types of credit you have, and also your credit utilization ratio.

The credit utilization ratio is becoming more and more important.  The credit utilization ratio is also called the debt-to-credit ratio, and is a number used to quickly measure how much of your available credit is used up.  To explain the term, see the example below:

Mr. Smith has two credit cards.  One card has a $1000 limit and a $200 balance.  The second card has a $1000 limit and a $400 balance.  The scoring agencies will calculate his utilization overall, and per card.

In other words, the overall ratio would be calculated as:

$1000 + $1000 = $2000 total available credit.

$200 + $400 = $600 total balance.

($600 / $2000) x 100 = 30% overall credit utilization ratio on these credit cards.

Independently:

Card 1: ($200 / $1000) x 100 = 20% credit utilization

Card 2: ($400 / $1000) x 100 = 40% credit utilization (this is relatively high – work to keep your ratio below 30% overall and on each credit card).

Why is the credit utilization ratio important?  If you are charging all the way up to the limit on your credit cards, then you are much more likely to default on the debt or to have trouble paying on time.  This means that you are a higher risk borrower, and credit rating agencies will lower your credit score to reflect this.  Alternatively, if you are using your credit cards sparingly and maintaining low balances, you show responsible use of your credit and become a better risk.

Keep in mind that paying off your balance in full every month does NOT guarantee a low credit utilization ratio.  The problem is that your creditors may report the debt-to-credit ratio at any time during the month, and if you have a high balance on the day that they report to the bureaus, then your ratio gets spiked.

One other common misconception on this point is that closing old or inactive credit card accounts can improve your credit score.  Actually, just the opposite is true.  If those inactive accounts are in good status (meaning you have zero balance and a positive payment history), then the credit limit on those credit cards increases your overall available credit limit and helps to keep your credit utilization ratio low.  Closing the account cuts down the available credit and raises the ratio, and that’s what we need to avoid.

How can you correct a high credit utilization ratio?  This is pretty simple to achieve.  You can either pay the balances of your credit cards down as quickly as possible, or apply for an increase in your credit limits.  As soon as either of these is achieved, the ratio will drop and your all-important credit score will go back up, where it belongs!

Credit Cards
Credit Cards

Credit Cards

How much credit is too much? The answer to that depends on your own situation, personality, income, and what makes you feel comfortable. When we discuss credit, we are not discussing debt that is completely another matter. We are not discussing what you owe, but how much credit you have, this would consist of credit cards, overdraft protection, equity credit lines, personal credit line, and any other type of accessible credit on demand.

Most Available Credit in America is through credit cards, overdraft protection and equity lines of credit secured by real estate. There are over 600 million credit cards issued in America.  98% of the total consumer debt in the USA is on credit cards. There are billions upon billions of dollars in available unused credit on these cards.

A businessman who travels for business or uses his card for large business purchases or to cover a lot of business expenses, needs a much higher availability of credit, then does a retired person who stays at home and lives on a pension. If you are good at budgets, live within your means and can control your spending, there is no reason not to have huge amounts of available credit, if it is free. It is crazy to apply for a new card that has an annual fee, if you are not going to use it and take advantage of the card.

I met a guy, a few years back who told me that he wanted to see if he could have a ½ a million dollars in credit cards. He said what the hey, if I lose my job I can live for 10 years on my credit cards. The last time we spoke he told me that he was pretty close, but the credit markets were drying up and the companies weren’t increasing his lines as fast as they had a few years prior. The credit card offers began to slow down or he was being turned down for too many inquiries. His credit scores were great, but there were just too many inquiries on his credit report, which is something that all the credit card companies are looking closely at these days.

If the credit is free, then what the hey, enjoy, collect and multiply. Just be careful, if you are expecting to make a major purchase such as a home and need a mortgage, even though you are not in debt, a creditor may worry about all of this available credit. There is no other downside; you can always close these accounts at a later date.

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