Protect Your Credit Rating to Get the Best Interest Rates
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How can I get the best credit card rates?
One of the best ways to ensure that you receive low interest credit cards and credit card offers is to protect your credit rating. If you have a low credit score, you won't receive low interest credit cards. Here are some tips to help you keep your credit score high:
- Keep your credit card balances low. The closer your credit card balances are to your credit limit, the worse your credit score will get, so be sure to keep your balances low. When possible, you should pay your balance in full every month.
- Pay your bills on time. When you pay your bills late, it negatively affects your credit rating. So be sure to mail your bills well in advance of your due dates to give them enough time to get to their destinations. And remember, lateness penalties do not just apply to your credit cards--it can also hurt your credit to pay your mortgage, phone, hospital, and other bills late.
- Don't apply for a lot of new cards. The more credit you attempt to get, the more it pulls down your credit score.
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