October 17th, 2011 
admin Question: Hi All of the,
I am on the tricky posture of needing a brand new credit card but not knowing which to go for.
I currently have 2 bank cards. 1 college student barclay card by having a limit with 350pounds which i need to pay off along with mbna card which has a 3200pounds limit of which i are obligated to repay nothing. I found some really tricky periods whilst with university (1 12 months ago) and even had to make a couple of late payments regarding my barclay card because of that and the interest free phase on our mbna is soon that come to a conclusion.
I would like to get rid of 2 cards a get a card which has a high limitation (As my partner and i work to foreign countries and need to cover arrivals and lodging stays by using it) which offers rewards all of which helps imrove my credit (which i will say is normally average/good credit scores of 958/1000). I have a very good salary (30, 000 plus a (salary * 1. 5) special for doing business abroad) in case that makes a difference.
Does anybody have just about any advice of what to try? Reply: egg are actually generous by using limits however, the key egg capital card might be better considering that it gives 1% cashback but restrictions are much lower so you may need to put it all into credit to afford your traveling costs.
This poll associated with limits may also help http: //www. stoozing. com/cgi-bin/forum/YaBB. pl? num=1122629809
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Best Answer:Your credit rating is one of the most important factors in your lifetime. It determines your interest rates, insurance rates, mortgage rates and even chances for employment.
You need to understand how the system works and should get the information directly from the source FICO. You can use the link I have referenced in the source area to see how credit works.
Way too many people answer this type of question but leave out many important aspects. To properly answer your question would take too much space.
There are some simple rules to follow, they are:
Never ever use more then 10% of your line of credit (you can use more as long as you pay it off quickly). This is called utilization ratio, the higher the percentage the more damage to your score.
Never keep your balance close to your maximum
ALWAYS make your payments on time, just one late payment stays on your credit report for 2 years as per the FCRA.
Hope this helps answer your question.
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