Have any major credit card you desire.
As discussed in our guides in this series, "How
to obtain a first class credit rating" and "Raise
over $200,000 in two days" by a gradual
progression, starting with little more than $1000,
it is possible to build up your credit ratings
with banks to allow you to borrow considerable
sums of money.
As long as you have always made payments by the
agreed time, if not sooner, you can move to yet
another step in the credit procurement program.
Begin with a Visa or Mastercard from all the
banks that you have borrowed from. After all,
they have seen that you are able to handle
credit, and this will be reflected in your credit
rating. Then apply for credit cards from any
other bank which provide cards.
You will notice that some credit cards offer a
preferential rate of interest.This is because
they wish to attract new customers, who will then
consolidate their borrowing from several sources
into this new, lower interest credit card.
On applying to the bank issuing this lower rate
card, the bank might assume that you are going to
consolidate all your borrowing into this account,
and with your excellent credit rating will issue
a card with little fuss. Once you have received
the new lower interest card, you are under no
obligation the cards you already have.
As mentioned in "How to raise $200,000 in two
days", apply for and obtain as many cards as you
get. Providing that you have kept to your
repayment agreements on all loans and cards,
there is no reason why you should be refused any
cards for which you apply.
Once that all important credit rating has been
achieved, as we outlined in "How to obtain a
first class credit rating", credit card companies
will see you as a good risk, and from their point
of view, will be eager to have you as a
card-holder. After all, they hope to make money
out of you.
Once a first class credit rating has been
achieved, from time to time, credit card
companies that have you assessed as a good risk,
will sell your name and address to other card
companies within the financial group to which
they belong, or to others who are not directly
in competition to them. In other words, other
credit card providers will be eager to take you
on board because you are a good risk, and they in
turn hope to make money out of you. If you have
ever been refused a credit card, this must be
annoying - so the sooner you begin your program
of creating a first class credit rating, the
sooner you can turn the tide of how banks and
lenders rate you.
