You have probably seen Adopt-A-Credit from about once. The Adopt-A-Card program gives prospective credit cardholders the opportunity to apply for a MasterCard with their current Visa card account information. When you apply, the process will take about fifteen minutes or so. The only downside to this is that you are only allotted a small credit limit of about one thousand dollars.
That may not seem like very much. However, if you applied for a traditional credit card, such as a MasterCard, and you were declined, you would likely be limited to obtain a credit limit of around three thousand dollars. If you are between six and ten thousand dollars in debt, you may not even be approved for anything less than ten thousand dollars. So, if you need to increase your credit limits, this may not be an option that you have any use for.
Now, if you have a MasterCard that you already possess, you can still avail of the opportunity to increase your credit limits. To do this, you will need to open a new Adopt-A-Card account. You can do this either at your favorite credit card company's website or over the phone. If you prefer to do things online, you can find an application form for your MasterCard on the Internet and complete it right away.
After you complete your application online, you will be directed to a page where you will need to enter in some basic personal information. You will also need to provide your birthdate, social security number, and the contact information for your bank. The next step involves logging into your existing MasterCard account. This is where you will find the option to increase your credit limits.
Once you click the “ACT NOW” button, you will automatically be enrolled into your new credit card account. A representative from your bank will then hand you a copy of your application, so that you are not required to attend a credit counseling session to apply for your new card. After you complete the application, you will receive your new MasterCard. You will immediately begin to see benefits from your newfound credit limit.
By continuing to use your MasterCard to make purchases, you will be increasing your credit limits each month without having to visit a bank. If you do not keep up with your credit card payments, you will incur more interest charges. Eventually, your balance will grow to a point where it is no longer feasible to pay off your entire credit card debt without getting any assistance. At that time, you will want to apply for a home equity loan or maybe even apply for a personal loan from your bank. In many cases, if your credit score is good enough, you can be approved for the new lines of credit very quickly, all by simply filling out an application.
There are many advantages to applying for a MasterCard when opening a new credit card account. For example, you will receive a credit card, which can be used just like an ordinary Visa or MasterCard. You can use your credit card to purchase items at retail stores, groceries, gas stations, drugstores and almost anywhere you can think of! What's even better is that you do not need to carry cash, as you can use your MasterCard in place of cash when paying for these purchases.
Aspire Credit Card is one of the latest prepaid debit cards on the market. However, it is not something that is offered by every bank, so if you do not know where to look, you may miss out on this opportunity. That said, it is an excellent product and one that is well worth checking out if you would like to increase your credit limit.