Here are 2019’s best unsecured credit cards

Here are 2019’s best unsecured credit cards:

Rank Card Name Designed For Annual Fee Expert Rating
1 Fingerhut Credit Account Poor Credit $0 ★★★★★ 4.7
2 Credit One Bank® Visa® Credit Card with Cash Back Rewards Fair $0 – $99 ★★★★★ 4.6
3 Total Visa® Card Fair, Bad Credit See Terms* ★★★★ 4.4
4 Milestone® Mastercard® – Bad Credit Considered Bad, Poor Credit $35 – $99* ★★★★ 4.3
5 Pink Netspend® Visa® Prepaid Card No Credit Check Variable Monthly Fee ★★★★ 4.0
6 First Access Solid Black VISA Credit Card Bad Credit See Terms ★★★★ 4.0
7 Milestone® Mastercard® with Free Choice of Card Image Fair / Good Credit $35 – $99* ★★★ 2.7

 

Over the past 30 years, we’ve all become accustomed to the flexibility that credit cards provide. It’s attractive to be able to pay electronically instead of carrying a lot of money around. However, many people have problems using a credit card and are forced to spend more on things they don’t need and pay back balances they owe.

Of course, banks like credit cards. Why not? They lend you money at high interest rates, knowing that most people do not repay the balance that pulls their debt uphill each month.

And if you approach your credit limit? No problem – banks are happy to offer you an increase in limit, so you can continue to spend money you don’t have.

Don’t get me wrong – fine if credit cards are used well. However, if not handled well, they can cause a lot of material damage.

So, if you owe credit cards and you’re not making any progress, here are some ideas.

Stop using the card. I know it sounds simple, but don’t use it again. Pay for everything.

Do not add another penny to your credit card debt, even if you plan to pay immediately.

Shop around for a better deal. Nowadays, banks are catching your attention. Most financial institutions offer interest-free periods when financing existing card debt.

If you owe $ 20,000 to a credit card with a 20% interest rate, you pay about $ 4,000 a year. That’s a lot of money. Refinance and save 12 months of interest and save yourself $ 4,000.

Keep looking. When the interest-free period ends, most people stay with the credit card provider and start paying interest if there is still debt. Don’t be like them! Refinance and find another interest-free deal.

Spend less. I know it’s not fun, but that’s what got you into trouble – you spent the money you didn’t have. So now, not only do you stop spending money you don’t have, you can also start using a portion of your income to pay off your debt. So you spend less. Party is over.

Pay more than the card. Do you know that your statement has a minimum payment amount? Never pay for it. If you do, you will receive an old-age pension and still try to get rid of the debt.

So pay as much as possible from the card, but make sense. Don’t pay too much and pull back – this will be a cash advance and you’ll pay interest on that money.

Set a target and stick to it. If you owe $ 20,000 and you transfer to an interest-free deal each year, you can pay $ 10,000 a year and cut that debt within two years. So hard? Then try $ 5,000 a year for four years. Specify a destination and type it.

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