I Heart Money

The Gold Imagine Credit Card – Who Is It For?

It is only recently that I discovered the Gold Imagine credit card, and it was by complete chance that I did find it. If you are in the same boat and still don’t really know what it is then you have come to the right place to find out. You will find out just what the Imagine credit card is, who should consider applying for one and what benefits you should expect to gain.

If you are one of millions of people who unfortunately have a moderate or poor credit score, then the Gold Imagine credit card could be just what you need. This card has been created for those who are having credit and other financial problems and who need to have their credit score given a real good boost. This credit card is unsecured, so you are at no risk or having your home or vehicle repossessed if you fail to make your repayments. It is also associated with three major financial authorities and bureaus, so that when your credit score with Imagine increases so does the score that many other financial service providers see when processing your applications. The Imagine credit card is also backed by Master Card, this means that where ever you see the Master Card logo you are able to use your card, this includes many millions of shops all over the world and almost every online retailer, including Pay Pal, Amazon and so on.

Advantages

There are so many advantages to using the Imagine Gold Credit Card, as we already discussed, it is perfect for those who have bad credit. It also has many advantages similar to those of other popular credit cards, for example you are able to get cash advances from ATM machines, you can get travel insurance included too, ideal if you are heading off on holiday, maybe that’s why you need this credit card, as a safety net while on holiday. As well as that you can get road side assistance for your vehicle, obviously ideal if you own your own car or truck. Some of the advantages available with this card would suggest that it was a platinum card, not for someone who has bad credit.

Probably the biggest thing about this card is that it boosts your credit rating with some of the biggest credit agencies. Not only that but it boosts your credit score so quickly that you wouldn’t believe. This opens so many doors for you, it could lead to you getting a better credit card with a better APR, it could mean that banks are more willing to lend to you for a loan or even for you to get a mortgage, or give letting agents some confidence so you can rent a home, as well as many other financial bonuses. It can turn banks around and make them believe that you are no longer a risk for them to lend to.

Of course, these above points will only be true if you use this credit card sensibly and don’t go crazy maxing it out and ending up in a worse place than you were in before.

Because the Imagine credit card is aimed at people with bad credit it is going to come at a cost, sadly. When you first take out the card there will be a one off processing fee, to get everything going, then after that there is a monthly maintenance fee and an annual fee as well. Sadly at this time I’m not aware as to what these fees add up to, but I do believe that they are not too high, and not any higher than the fees associated to the average secured credit card. Also, there is going to be a slightly higher interest rate than many other cards because you are a higher risk borrower, though if you have turned over a new leaf and intend to use this card in a sensible manor and pay off the credit card bill every month you wont need to worry about the interest rate at all.

Personally I think the Imagine Gold credit card is ideal for those who have a poor credit rating, yes there are some fees and an above average interest rate, but if you are nearing rock bottom in the credit stakes then you are going to needs something to get you back on your feet, and as long as you intent to pay your statement every month, then this could be the best way for you to get rid of that bad credit.

Tags: bad credit, credit card, gold imagine credit card, imagine credit card, imagine gold credit card, master card, poor credit score