You have to figure out your gross monthly income and this is perhaps the very first step while calculating your debt ratio. This gross monthly income should be devoid of your taxes and other deductions. The following are some of the essential factors that you can remember while minding your debt ratio:

If you get the payment every week, then you have to calculate your monthly income as one paycheck times 2.17.

The amount that you get as alimony and the amount that you receive as child car should also be included as your income. This would enable you to have a proper record of all the incomes that you have from various sources

Your gross income also includes conventional averages of bonuses, commissions and tips.

Don’t overlook dividends and interest earnings and never forget to calculate them as your income sources.

You may also take account of miscellaneous profits such as government benefits and/or help.

The very next step after you calculate all your income is to make a payment list of all your expenses. This should of course exclude the mortgage and inclusive of student loan payments, other loans/credit lines, car payments, installment loan payments on fittings and machines, bank/credit union loans, all least amount of credit card payments and payments for past health check care.

So your Debt Ratio can be calculated thus:

Monthly Gross Income / Total Debt Payments = Debt Ratio

There are literally hundreds of credit card offerings out there. However the obvious fact that if you want a good credit card you need to browse and to hunt. If you decide to choose a credit card you need to choose one that will work and not one that will hit you with high APR’s, finance charges and other cumbersome fees. But let us examine what fees most credit cards carry and what benefits they also carry: Most common credit card charges and fees:

• Intro Annual Percentage Rate – This is the percentage charge on purchases
• Regular Annual Percentage Rate – This is the percentage charge on purchases for the life of the card.
• Annual Fees
• Maintenance Fees
• Cash Advance Fees
• Transfer Fees
• Late Payment Fees
• Over The Limit Fees

These fees can be hefty however in normal circumstances with good credit cards these will be very low. If the credit card is geared for people with bad credit then you will find these charges being much higher.

Benefits will fall into a range of categories. What happens is that the percentage rewards you get when you use the card will go back into earnings. The best option is to use a card that has a very low APR and then has good cash rewards on the commodity or product that you buy the most. This means that if you use a lot of gasoline you should try and get a great credit card that has great gas rewards. This remains across the board. As a general rule – ‘the better the credit of the applicant the better the credit card offering’. What you can do is try our recommended card. This card is for good credit holders.

If you are a bad credit holder try Aspen Credit Card.Info.

Locating a credit card for Gas can be very difficult. The best credit card for gas is undoubtedly the BP credit card because it allows for specific discounts at certain British Petroleum gas stations and locations. However there are many other card offerings that rival the BP credit card. These are offered by Discover, Chase and HSBC. These cards give great returns and rebates to the card holder. Though we strongly promote the BP Credit card the Discover Gas Card is a viable option. You can click the link to your left and Apply Now for the Discover Gas Card

Here are some of the benefits of the Discover credit card for Gas:

Apply for the Discover® Open Road Card today! Click Here NOW

• Earn 5% Cash back various categories of not only GAS but travel, home repair, restaurants, premier movies and more
• Get between 5% and 20% Cash rebates from online retailers at the discover online shopping site
• Up to 1% Cash rebate on purchases in the USA
• Earn more cash rewards with this credit card for gas that never expires.
• Discover credit card for gas provides double rewards when card holders redeem rebates for gift cards.

However the Discover card still provides three other proven and beneficial items, primarily there Fraud Liability Guarantee that does not cost the card holder anything, there is no annual fee and they offer free additional cards for spouse, siblings and children.

Below is a list of the more important clauses for the Discover Credit Card for Gas.

Annual Percentage Rate (APR) For Purchases: 0.0% until the last day of the billing period ending during June 2008;* then the standard APR, a rate between 10.99% and 18.99%

Other APRs:

• Balance Transfers: 0.0% until the last day of the billing period ending during December 2008
• Cash Advances: 20.99% – 23.99%
• Default Rate: Up to 28.99%*
• Grace Period for Repayment of the Balance of Purchases: At least 25 days when you pay your balance in full each month.

Method of Computing the Balance for Purchases: Two-cycle Average Daily Balance (including new purchases)

Annual Fee: NONE

Minimum Finance Charge: $0.50

Other Fees

BALANCE TRANSFER TRANSACTION FEE: 3.0% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75.

CASH ADVANCE

TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum.

LATE FEE: $19 on balances up to $250 and $39 on balances over $250. OVERLIMIT FEE: $15 on balances up to $500, and $39 on balances over $500.

Do you want to improve your credit score; you should then us a credit card that will allow you to build up good credit with on time payments. The Account Now Vantage Prepaid MasterCard is the best card for you to use. It operates much like a traditional checking account but without all the checking account fees and the best thing is that it has instant approval. You get great benefits such as no lengthy paperwork, no security deposit, a seamless form and Approval is guaranteed. There are no credit checks, no review of credit history, links on Chex Systems, ignoring previous bankruptcy reports and previous credit debts. The card allows you to access ATM’s and make purchases where you see the MasterCard® Logo, and that’s just basically everywhere. You can also use the Bill Pay System to pay all your bills online or even by phone. Another great benefit from Account Now is that your funds are secured by the Federal Deposit Insurance Corporation (FDIC) against the loss of your deposits for up to USD$100,000. If you would like have your salary deposited directly to the account you can with FREE paycheck direct deposits view your account online with 24 hour internet and telephone customer service access. So you have nothing to loose start building your credit score today and build now.

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