A new credit card from J Capital can be a great option for establishing a credit history. However, the J.Cards have many benefits but also come with their fair share of drawbacks. With just a little more effort you can find a credit card that suits your needs without breaking the bank. In this article we'll review some of the pros and cons of Jills credit cards.
Pros – A low annual fee, no annual fee, excellent customer service. The bad – There are other credit cards with no annual fee that offer better rates. One pro is the zero rate introductory APR on your J.Cards. The low APR makes it a good deal if you don't spend a lot. The bad – Most of the other cards offer better rates and other perks like airline miles.
You will likely need to re-apply for your J.Cards annually in order to maintain the low interest rate. This is due to the credit score restrictions. The credit bureaus look at your payment history and determine your credit score based on this history. A large balance transfer to a low or zero rate card could potentially reduce your credit score. Also, any cash advances on your new card will likely come with an increased interest rate.
Rewards can also affect your credit score negatively. The more credit lines you have open, the more opportunities for fraud and scams. If you carefully monitor your spending, you should be able to avoid using cash advances to make large purchases. Also, the customer service provided by your J.Cards is one of the best in the industry.
One way to get a better sense of the company you are dealing with is to call their customer service department. Most credit card companies have an 800 number where you can speak to a representative about any questions you may have. However, it's important to note that most credit card companies do not offer great customer service when it comes to making payments online.
You may need to shop around before finding a company that provides excellent customer service. For example, if you are looking for a company that does not charge late fees, you'll probably want to look for one that is in the same or slightly larger business field. Also, credit card companies are in competition with one another. In order to stand out they often pass the cost of certain fees onto consumers. For example, when you send in a payment online it's not necessarily the credit card company who charges the fee. It's usually a middleman who handles all the communications for you.
To avoid having to pay too much money every month, it's a good idea to make sure that your credit cards are used only for purchases you will be able to pay off at the end of the month. Even if you use your Jill credit cards for everyday items like gasoline and groceries, you should only use them to pay for those things. If you have a tendency to buy things you don't necessarily need it's often better to pay cash because if you have to pay cash, chances are the item won't get paid off on time. This is a good way to maintain your credit score.
You should also keep track of your credit cards so that you can see exactly where your money is going. Remember that many credit cards come with an annual fee. If you find out you'll be required to pay an annual fee you should make sure that you cancel the account before it goes into effect. Canceling it early will help you avoid being charged an unreasonable fee. If you pay off your credit card bill on time each month, you'll be able to build up a positive credit history and be able to easily qualify for loans in the future.