A vanilla card can be a great way to build a credit score without using your card too much or for any major purchases. A Vanilla card is simply a credit card without any perks or special features and usually with a low or no monthly or annual fee. Most Vanilla cards have a low or no balance transfer fee and no set minimum amount you must spend on them before you receive an introductory offer.
Vanilla credit cards are ideal for people who have no credit, bad credit, or people who do not have a bank account because they do not apply for a traditional credit card. With a Vanilla credit card you pay off the entire balance in full each month and you have no annual fee. Vanilla card offers usually have low interest rates and sometimes 0% APR.
The benefit of a Vanilla credit card is that you will pay off the entire balance in full every month because the interest rates are very low and you do not have to pay a monthly balance transfer fee. Since your balance never increases, you are able to avoid credit card debt because your balance stays the same and there is no possibility of debt because you cannot charge more than the balance of your credit card. You can use your credit card without worrying about how much is left over each month.
The best thing about a Vanilla card is that you can use your card anywhere a normal credit card works. With a normal credit card you have to pay fees, make minimum payments, and are often charged late fees or penalties if you do not pay on time. A Vanilla credit card allows you to go anywhere you would use a regular credit card and still keep your balance low enough to avoid paying credit card debt.
If you are interested in a Vanilla credit card then you may want to go online and research different cards. There are many different companies out there that sell cards and many of them have different features, so you need to find one that has the features that you want as well as one that has good interest rates and a low or no interest APR. You also need to check into any fees that are charged and any annual fee. You do not want to get stuck with a card that has fees that you cannot afford and that does not give you all the benefits you are looking for.
A credit card can be a great tool to help build a good credit history. When you are trying to improve your credit, you want to make sure you are using the card wisely and not overspending. A credit card will help you avoid making large purchases with monthly payments because it is . . . . . . hard to keep up with the minimum payment. and keep track of your spending.