What does a credit card company to tell you when you apply for a credit card front and back? In most cases, it is a lie. A credit card company will inform you that you have an account with them when in reality it is an account that someone else has. This happens when a credit card company has many customers paying on their credit cards at the same time.
What happens is that the credit card company will send your application to the credit card network which owns the MasterCard. The Network will then evaluate your application to see if it is a good match for you. If it is, they approve your account and give you a credit card. However, what most people don't realize is that this is a “front” account and you do not have to pay off any of your debts back to the credit card company.
The credit card company uses this “front” account to test market you. Basically, they are making you secure your credit so that when you make the payments on your credit card you will be able to get approved and be paid off. So you see, it really doesn't matter how much you use your credit card or how much debt you have because as long as you make your payments on time, the credit card company will never bother you about any of that. As long as you maintain a good credit rating, they know that you will make all your payments on time. As long as you keep having a “good” credit standing, they don't really care if you use their credit card most of the time.
So why would you even consider applying for a credit card front and back? Well, if you need a credit card to buy a new cell phone or go on an airplane trip, then having a credit card front and back is great because that is where you can use those payments towards those purchases. However, if you just want to have a regular credit card and you don't use it that often then you want a credit card with no-load and no-transaction fees. This is a great way to maintain your credit rating because you will be able to use the money from those purchases for those things. This will allow you to have a credit card front and back so that you don't get into a bind financially by charging things that you don't have to.
So, what is the best way to get a no-load and no-transaction credit card front and back? It is actually quite easy but you do need to know that there are companies out there who are working against you. Companies that want to charge you for things that you should not be charged for. Also, beware of those credit card companies that offer a credit card with a low introductory interest rate but then charge you for an annual fee, a monthly fee, and other charges that are totally unnecessary and just add more debt to your already existing debt. In fact, many people end up filing bankruptcy after using these credit cards. The best thing to do is to avoid those credit cards in the first place and to only get a credit card with no-load and no-transaction fees.
If you can get a credit card with no-load and no-transaction fees then it will be beneficial for you. It also helps if you pay your bill on time because this shows the credit card company that you are responsible. You will have a credit card front and back, which is good because this shows the credit card companies that you have some money and are capable of paying back what you owe. The more you use the card and pay off your debt, the better credit cards you will be able to get.