Credit Card Tips

[minisoji]

Credit Card Tips



Credit cards can be helpful in emergencies or if you are able to pay off the balance each month, but be wary! Credit cards can also get you into trouble. Here are some helpful hints on using credit cards:

Fees

1.Watch out for carrying balances. Some cards charge 20% or more in interest. (Interest is usually called "finance charges" on your statements.)

2.Fixed rates aren't always fixed! A credit card company can change the rate by informing you 15 days before changing the rate.

3.Look at your statement carefully and call the company right away if you have any questions.

4.There is usually a large finance charge for cash advances and interest begins accruing as soon as you take the money out, not after the next statement closing.

5. Be aware of annual fees. Many times you are charged $50 or more just to have the card.

6.Watch out for introductory offers! When you receive a credit card offer in the mail with a low rate, it may expire in three or six months. Note when and by how much the rate increases after the "introductory offer" expires. You may not remember when it expires, but the card company will.
7.Think about your purchases. If you are not able to afford the purchase now, chances are you won't be able to afford it in a month when the credit card bill comes in!

If you get behind

1.Cut your recreational expenses.
2.Call your credit card company. They may be willing to work out a repayment schedule with you.
3.Develop a budget and stick to it! Everyone makes mistakes, but credit will follow you and hurt your eligibility for mortgages or loans down the road.
4. Look into credit counseling services. Many offer educational programs or individual counseling sessions to help you get back on track.


Keywords: using credit cards, credit cards tips, credit cards care, banking, online banking

[randyorton]

Hi
Secured credit cards are also great for individuals having poor or bad credit due to having no credit. The prepaid cards are treated as new credit and when paid on time, will turn bad credit scores into good scores. If you have bad credit or no credit, look for credit cards designed for poor credit but with good terms. In spite of having no credit or poor credit, there are still many credit cards offering new credit with low APR and special offers.

[katrina113]

only only tip i have for anyone swho has a credit card, pay your full closing balance to avoid interest! aND IF u struggle to do that look at your low rate options or personal loans to pay them out, sometimes on a personal loan the rate maybe 1% higher but it gives u a structured payment plan and it wont get on top over u and much easier to handle. that and provided u cut the casrd up it will stop u getting into more debt/

[sasajovanovic]

Thanks! Grat tips!!! :D

[mandukam]

Nice Article. Informative . Keep posting

[Baits32]

yeah just keep it personall i think it will save ur alot of money ;)

[cfarrell]

When you get your credit card, sign up for direct debit at the same time, to ensure that you pay it off in full each month.

That way you avoid interest charges, and help ensure that you won't buy stuff that you can't afford to pay for by the end of the month.

Also, many credit cards give you points or rewards. Worth checking around before signing up for one.

[haredim]

thank for the good tips.

[minisoji]

How to get rid of Credit Card Debts

First important most important step is to stop now putting things on any cards. If its for a recurring thing such as gym membership, game membership every month. Stop it or try to pay it just with your checking account. The basic thing is to stop putting anymore onto your cards.

The second step is you need see where your money is mostly going. So gather up all your receipts and look. Is it going towards eating out or buying clothes. If it is find alternative routes such as packing your lunch or not buying clothes.

The third step is to look at all your cards and see the all the balances and to write them down. Now set a date usually seven to eight months from now. Which is a realistic goal.

Now take all your balance and divide them by seven or eight months or you can divide them weekly such as sixteen. Now your payments will be much more easier to pay per week or month and you won't feel overwhelmed of how much debt.


Keywords: using credit cards, credit cards tips, credit cards care, banking, online banking, credit card debts

[minisoji]

How to choose a credit card setup for a small business?

These days, business processes have ceased to function in traditional outdated ways. Cash was the only preferred medium for any transaction in the past. Nowadays you have unlimited choices to make payments – credit card, debit card, cash card, membership card etc. this has given a new dimension the multi faceted trade and commerce.

Any businessman who wishes to utilize the services of credit transactions has to set up an account in this connection. This not only separates business expenses from other expenses but also facilitates transactions over the phone as well as the internet.

Given below are some instructions to set up an account to manage credit card payments for your small enterprise:

Step1- Select a competent bank or a financial institution that can provide you quality services with respect to credit. The most commonly used Visa or Master Card are well accepted by majority of the banks.

Step2 – Contact the bank or the financial company personally to get details on procedure to be followed. Most of them would ask you to fill up an application form which can be done in person or online.

Step3 – fill in the correct details as per the instructions stated in the form – the names, addresses, contact numbers, business history, financial status, annual income, profit earned etc.

Step4 – Prepare a rough estimate of the amount you would require for your company and determine your monthly expenditure in this connection.

Step5 – Specify the number of cards you need to distribute among your employers.

Step6 – Evaluate if you need a tracking system to keep a watch on employee expenses. Talk to your banker if they can include a reporting package or provide online statements for the same.

Step7 – Weigh the pros and cons to avail additional benefits such as travel miles, membership fees, interest benefits, 24/7 customer care, overdraft facilities, merchant acceptance, access from local banks etc.

Keywords: using credit cards, credit cards tips, credit cards care, banking, online banking, credit card debts