People used to think that they had enough on their benefits with their credit cards. They thought that the rewards they get and the low interest they have is already enough to last a lifetime. But times have changed and now cardholders are wanting more. They are no longer happy receiving a toaster or a coffee pot. They want more. Like free vacations, free services and more.However, there are instances when they get to have the chance of seeing...more
The next time you open your credit card statement, take a closer look at the small insert titled "changes to your credit card agreement". You know the one I'm speaking about. It's that small, folded paper written in legalese that you promise to read some other time (but of course that time never comes) or you just discard it with the other "junk" inserts. First and foremost you must understand that using your credit card after you've received...more
If you are a first time credit card user or have had credit cards for years, it is important to know about possible scams that you can be exposed to. Although many credit card companies are perfectly honest, there are also many dishonest ones who want to rip you off. If you are unaware of the ways in which you can be conned or misled then you could end up losing a lot of money. Here are some of the worst credit card scams around and how to avoid them:Debt suspensionDebt suspension offers are sometimes offered by banks as a way to 'help' you keep on track with payments. The way debt suspension works is that you pay a certain amount each month so that if you cannot pay your bills then no interest will accrue during this time. Although this might seem like a good idea at first, the benefits are really quite minimal. You cannot use your card whilst you are out of work, and although no interest is being added, your payments are not being paid so once you can work again you still have the balance to pay. In essence you are paying money for something that will not really help you. If you are getting a credit card then make sure that this type of debt suspension offer is not included at a...more
Balance transfer credit cards can provide an excellent option for debt consolidation. Many Americans are currently in debt and struggling for a way out. Some choose to use a home equity loan to help get themselves out of debt, but not everyone has a home with built up equity to use for this purpose. In addition, putting your home up as...more
There are so many credit cards out there to choose from that deciding which one to get can feel really daunting. What makes one offer better than the hundreds of others you've seen? Here are top 7 FAQs to finding the right credit card:1. Are You a Student? If you are, then you'll be better off with a student card. Your application is likely to get...more
Balance transfer credit car offers have been a popular means of literally transferring a balance from one credit card to the next. The primary reason that someone would enact a balance transfer is so that he or she could obtain a lower interest rate than his or her current credit card offers. Balance transfers are relatively easy moves, provided that you find a balance transfer credit card that can accept you into the lucrative balance transfer program at a lower rate than your current company. There are a few essential items that you should know about balance transfers before you begin the process and "join the wave". What Is a Balance Transfer?A balance transfer is a simple strategy that many people use in order to obtain the most appealing interest rate. Quite literally, a credit card balance transfer requires that you take the balance on your current credit card and roll it into a balance transfer credit card program with a competing credit card company. It is important to note that while many credit card companies offer appealing balance transfer credit cards, you should first ensure that you are eligible to perform a balance transfer and lock in at a low rate before you...more
A credit card can be a great tool for managing your monthly living expenses. Using your credit card to charge all of your bills and purchases can make life easier. When used wisely, this approach can save time and help you maximize your credit card's...more
In recent years, credit cards have become a major component of everybody's life. It started as a convenient spending tool but now it has become a reasonable way to gain access to much needed credit in the form of cash and loans. Keeping a balance on...more
A balance transfer credit card aids in consolidating credit card debt and sometimes can also be a way of steering clear of the burden of debt. You will find as you are searching through all those credit card company offers you receive all the time...more
Nowadays, credit cards offer many features designed to appeal to everyone -- from cash back and rebate offers to point systems and frequent flyer miles. Many of these offers work to your advantage only if you make large and frequent purchase. On the...more
Rate surfing can be a good way of reducing debt but there is a risk. To avoid long term damage to your credit rating, it's best to make sure you do it right. Rate Surfing ResearchFirst of all, start by researching the current credit card rate...more
Balance transfer credit cards are those that make an excellent choice for transferring balances from one card to the other. The main purpose behind transferring balances is to remove debt from a card with a higher interest rate to one with a lower...more