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Ways To Consolidate Credit Card Bills

Debt Accumulation is one thing anyone in the world would never want to be get tangled up in. It is complicated and overwhelming not to mention stressing and taxing, what with all its intricacies and financial “what nots”. It is for these apprehensions that make it great to know of an array of options that allows you to manage such financial juggernaut.

Indeed, management of credit card bills payment is a really effective means of controlling your liabilities and not letting it become too much of a hassle in the long run—just take foe example how easy you can be allowed to consolidate credit card bills. In more ways than one debt management in its many forms has become a convenient and flexible avenue for today’s stressed out consumers. Read more

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How To Ace The Credit Card Application Process

How To Ace The Credit Card Application Process

When applying for a credit card, it is important to do everything you can to ensure that you will be approved. After all, why go through all of the trouble of filling out an application and waiting for an approval if you are not 100% committed to securing that powerful piece of plastic.

There are a few simple tips you can follow to ensure you will have an easy credit card application process. But before you begin, it is also important to evaluate why you want a credit card and which type of card you would like to have in your wallet.

There are many different types of credit cards and the application portion for each can vary greatly. Cards that are used more for business purposes can be more difficult to be approved for. Cards like department store cards for instance can be some of the easiest to get.

Before going forward with the application process, be sure you have read and compared various card offers and credit card reviews to determine which card is right for you. Once you have selected the appropriate card, then you can proceed and begin filling out the application.

Here are a few simple tips to ensure you will get the card you want:

Read all of the fine print on the application form. There may minor fees or charges that you aren’t aware of. Be sure you know what to expect once that bill arrives on your doorstep.

Fill out the application completely. Be sure not to miss any of those pesky boxes. Your application will certainly be rejected if you are missing any information.

Make sure the information on your credit card application matches the information that the credit bureau has on file. If things don’t match up, it will cause unnecessary confusion and delay.

Pay careful attention to the format of the date on the application. Providing an incorrect date can stall the process and leave you wondering about the status of your application.

Fill out the application honestly. It is illegal to include false information on any application form.

Be sure to sign the bottom of the form. No application will be accepted without an authorized signature.

These easy credit card application tips should help you secure the card you want in a quick and effortless manner.

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Dealing With The Best Credit Card Offer

Dealing With The Best Credit Card Offer

Credit cards are considered the most widely used modes of paying different types of bills. Payments may range from small to big amounts.

When it comes to obtaining a credit card, there’s always a wide range of choice available for the consumer. There are lots of companies that offer different credit cards. All you have to do is to determine which type of credit card offer will suit you.

Since there are more people who apply for a credit card, it is evident that the companies also have this tight competition. They compete for the growing market by providing a variety of ads strategies such as:

Interest Rates

Known companies have a credit card offer at the lowest possible cost per payment. The given interest rates may vary from 1.3% to 5%.

Lowest Amount due

Credit card companies have a policy that a credit card holder should pay for a certain amount every month. These payments include the charges incurred for every purchase of products.

Not paying the said amount would result to adding small charges on the consumer.

Not claiming of dues

Generally, it has been a practice for credit card companies to waive the first card annual dues.

Most offers had been or taking out the first two billing periods, and not adding extra charge once the consumer wasn’t able to pay for the time covered by the ads.

Extension cards

These cards are usually given to consumer to allow them to extend the use of the credit card for any of the family members to whom they want to permit the access of the card.

Balance transfer

A lot of credit card companies give lower interest rate charge for any balance transferred to their card to another card.

The catch is to motivate consumers to move all their balance from their present card to the card company.

Payments are set on a specific period of time. However, the downside of this is that if the card holder makes a decision to pay the entire balance before the due date, then no rebated would be approved.

Cardholders that are not cautious of their purchases may result to a huge debt, if he or she is not capable of paying it after the billing period.

Failure to pay or missed payments may result to extra charges that will be added on the interest charge, every month. Thus, it may result to higher bills.

Other offers

If the cardholder pays the entire balance after the promo period, he or she will not obtain additional charges. However, if the cardholder did not pay after the promo ads, an extra charge will be added. But the interest payable from the balance is also waived

History says that the wide use of credit card has been the cause of depression for many cardholders.

The growth of automobiles also results to an increase demand of fuel. And to accommodate huge purchases, these fuel companies decided to accept credit cards to gain consumers.

Nevertheless, if an individual is careful and wary in making purchases using a credit card, he/she may find it useful. Here are some benefits of using a credit card:

1 .Lower chance of losing cash

Huge purchases can be made without carrying lots of cash

2. It is easy to use and readily available

For emergency purposes, like purchasing of medicines may now be easier. There are lots of stores that accept payment through credit card.

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Credit Lessons from Our Grandfathers

The American dream continues to exert a powerful lure on our collective mindset. However, even as Americans’ prosperity has continued to grow, so has our debt levels. And that prompts the painful question: is the American dream for real, or an illusory phenomenon created by—well, our easy access to credit cards and other types of consumer credit?

The numbers for credit usage in the U.S. paint a sobering picture of the changing consumer habits in this country over the past 60 years. In 1948, total debt per consumer (adjusted to 2010 dollars) stood at around ,186 per person, according to a recent article in The Atlantic. By 2010, that debt had increased almost ten-fold to ,168. That number includes all types of debt like credit cards, student loans, auto loans and other types of personal loans, but excludes real estate debt like mortgages and home equity loans.

Credit card debt accounts for a significant portion of the rise in consumer debt. Credit cards are such a ubiquitous part of our finances today that it’s hard to believe that the first credit cards didn’t arrive on the scene until around 1970. Even so, up until the advent of credit scores, credit cards in the early days were typically mainly issued to the wealthy.

It wasn’t until around the early 90s that credit cards became more widespread. Not surprisingly, as more consumers got credit cards, average credit card debt per capita increased from around ,000 per consumer in 1990 to around ,000 in early 2008. The advent of the credit crisis has caused a drop in credit card debt as consumers have deleveraged and card issuers have been writing off bad credit card debt. Still, average debt levels among American cardholders now stands at ,480 per capita. Further, since not all cardholders carry credit card debt, average debt levels among those who do are even higher than suggested by these statistics.

The other major driver of increasing consumer debt levels has been the growth of student loan burdens. Even as credit card debt has been contracting in the wake of the economic downturn, debt from student loans has continued to rise. In June this year, Americans owed 9.8 billion in student loans compared to 6.5 billion on credit cards, exceeding total outstanding on credit cards. Student loans have increased by 0 billion in just the last four years, likely driven both by continually rising college expenses as well as the economic downturn, which has prompted many people unable to find jobs to go back to school.

Even though revolving debt has pulled back over the past two years, it’s a modest drop compared to the steep increase in Americans’ debt load, particularly seen over the past twenty years. The overall growth in consumer credit sharply accelerated starting in 1990 with the growing use of credit, expanding from around ,000 to the ,168 per capita today. That’s about a 40 percent growth over twenty years, or 2 percent per year.

Of course, while debt is useful for short term financing, it is not real money, and sooner or later the piper has to get paid. While the credit crisis was triggered in part by overleveraging in the real estate sector, consumer credit was equally overextended, and is now pulling back as both banks and consumers seek a new equilibrium. It remains to be seen how long the current deleveraging of consumer finances will continue and whether it will bring us back to levels where consumer consumption is more in line with income. If not, we may have to ride out a few more bumps in the road before we find a way to pay for that American dream instead of financing it on credit cards.

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Be Sure You’re Getting The Best Credit Card Deal

Be Sure You’re Getting The Best Credit Card Deal

How do you know you are getting the best credit card deal from the provider? Relying on verbal promises made by the credit card company is not enough. Make sure you read the small print and go through the technical details of the credit card to find the truth.

 

For starters, you may think you are getting everything you have been promised to begin with, but some credit cards will have ‘introductionary offers’ where after the first three months you do not get the benefits advertised when you applied.

The low APR credit card deal you saw may not be the one you end up with. This is because your account limit and other such technical details depend on your credit rating. These points are not decided by the credit card company, but rather a third party that keeps track of all your credit and assigns it a score.

 

If you want to get the best possible deal, you should spread your search far and wide. Excessive competition has compelled card companies to offer better and better deals. At the same time, the companies focus on earning maximum profits as well. If you are not careful, you will simply be passed over and will end up with a less than perfect credit card deal.

 

Make sure you understand each and every technical aspect involved in the deal. If not, use the resources at your disposal like the internet to understand each and every aspect before you sign on the dotted line

 

Try researching by asking your friends which credit card company they went to and why. Compare all other deals and accounts before choosing any card. It does not matter which credit card company is chosen as the benchmark. The comparative process will clearly tell you whether your choice is right or whether there are better deals around.

 

From your side, you should try to keep your credit rating as high as possible. Further, do not provide any false information in the credit card application form. Try to keep your personal finances in good shape when it is under review by the credit card company. A bounced check in the past six months will obviously portray a very negative image of your financial management.

 

If you apply for a credit card and if your application is rejected, it will obviously leave a footprint and will affect your chances of securing another credit card at a later date. If your application is rejected, check and take remedial action before you apply again. That will help you qualify for the best deal without any difficulty.

 

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How to Apply for a Credit Card After Bankruptcy

How to Apply for a Credit Card After Bankruptcy

It can be hard to get back on your financial feet after bankruptcy. As you start working on rebuilding credit, applying for a credit card will be an important issue. There are many options available for those with a less than perfect credit rating. Finding the right one, however, takes some time and effort. Here are a number of steps to follow to make sure you get the right card after bankruptcy.

Look at your Finances

The first thing to consider is whether or not you’re ready for new card. If you’ve had trouble managing your finances in the past, you may find that it is better to wait awhile before applying. If you feel you’re ready, make sure you have a thorough understanding of your financial situation. Check how much money you earn each month, and what you spend on bills. Knowing what you can handle, in terms of payments, will help you manage your next card wisely.

Compare your Options

While some companies allow consumers to apply for a card fairly quickly after bankruptcy, others do not. And if you have a poor credit history, it may be difficult to get a regular card. You’ll still find many options available for your situation, however.

Rather than applying for a standard card, you might consider applying for a bad credit credit card. These are designed for those that need to rebuild credit. If you search online, you’ll find that there are many to choose from.

Check the Fees

Most cards that are geared for those with a low credit score come with a number of fees. These usually include fees for setting up an account and maintaining it. Some charge high annual fees and have high interest rates, while others do not. Look carefully at the terms and conditions that come with each card. Make sure the one you choose is the right fit for your situation.

Establish Criteria

As you search for the right offer, consider which features are important to you. No two cards are the same, and you’ll find that many vary in terms of interest rates, credit limits, and more. If you want a low interest rate, look for cards that have a relatively low APR for your situation. If you’re concerned about fees, search for bad credit credit cards that charge less in that area.

Ask for Help

With so many options available, picking out a new card may feel overwhelming. And if you’ve had problems with credit in the past, it can be hard to get on the right track. Try asking a friend or financial advisor to help you pick out the right card. Their input might be just what you need to get started again.

Most cards that you’ll be able to get approved for offer you a chance to get started in the credit world after bankruptcy. They are not usually set up for long term use. Rather, you can use them as a building block. Get off to a good start by paying off your balance each month and managing your account well. Soon you’ll have opportunities to apply for other cards. Use those wisely, and you’ll be rolling in the credit world once again.

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The Fact About Low Interest Balance Transfer Credit Cards ? How to Spot the Good and the Bad

The Fact About Low Interest Balance Transfer Credit Cards ? How to Spot the Good and the Bad

A lot of credit card companies are now offering low interest balance transfer credit cards to provide solutions to people in debt. Interest rates could get as low as 0% to lure people to transfer their balances and create an account with them. Other companies offer other promotions to attract more clients such as assign-up bonus, or rewards that clients can get when they sign up with their company. Signing up with such companies may be such a great idea at first, but if you think about it, these companies don’t do a lot of things for free. If you are considering transferring your balances to low interest balance transfer credit cards, you should first be certain about the company’s profile, its processes and guidelines.

What You Need to Know About Low Interest Balance Transfer Credit Cards

The phrase “low balance transfer” already tells us that these credit card companies offer to transfer the balance of your recent credit cards to a new card under their company. What are the reasons why you should transfer your balance dues? Certainly, it would have to be for cost cutting purposes. The low interest rates that these companies offer is a very effective strategy to lure in new customers.

People’s expenses have grown over the years, leading to the popularity of the credit card. Most credit care companies get their earnings from interest charges. These companies vary according to how high their rate is—sometimes even reaching 16%. These high rates are constantly being charged leading to even higher balances that can only be paid off easily through low interest balance transfer credit cards. When your interest charge is lower, it becomes easier to pay these monthly charges and it allows you to save up on what you used to pay those high interest credit card companies. Bonuses and incentives usually come with signing up with these companies.

Are There Any Advantages In Using Low Interest Balance Transfer Credit Cards?

There are a lot of benefits and advantages when you sign up for low interest balance transfer credit cards. A lot of money is saved since you no longer have to pay large interest rates every month. If you know the right techniques, great deals will not be so hard to find.

Where Can I Find Credit Card Companies that Offer Incentives upon Signing Up for Low Interest Balance Transfer Credit Cards?

When looking for a low interest balance transfer credit card, you should first consider the bonuses offered upon signing up. The best way to do this is to make a comparison between many different credit card companies that offer low interest balance transfer credit cards and compare what each has to offer. Make sure that the information you have gathered is correct and that you will be able to pay off your new interest charge every month.

Why Do Credit Card Companies Offer Low Interest Balance Transfer Credit Cards?

Every business has a catch, and companies offering low interest balance transfer credit cards are no exception. When you sign up, it means that you need to follow the rules of promotion and incentives of that particular company. Your credit standing is also one of the most important things they consider in their clients. If your credit standing is not that good, then the interest offered may not be as low as promised.

Getting low interest balance credit cards may also have an effect on your total credit score. For example, if your balance is 30% above your credit limit, the company lowers your credit rating every time it happens. Another instance when your credit rating can drop is when you transfer your balance dues to a low interest balance transfer credit card but the available credit balance is not enough for your credit to be transferred.

Debt is not something we can totally get rid of during financial crisis. Consider transferring to low interest balance transfer credit cards only if you know with certainty the rules and promotions offered.

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11 Ways to Protect Yourself from Identity Theft

There are more than 175 million credit card holders in the U.S., and more than 10 million of them have been victims of some type of identity theft. 

“It’s the fastest-growing crime in America,” says Mike Bush, the director of PR for Affinion Security Center, a company that has been focusing on identity-theft protection for almost 40 years. 

The ways in which thieves can steal your credit card numbers–or even your name–can be alarming, says Bush, and not always so obvious.

“I’m a personal finance reporter and my credit card has been misused,” says Erica Sandberg, a personal finance expert and online writer for the San Francisco Chronicle. “Nobody is immune.”

That being said, there are ways to make yourself less likely to be a victim. Here’s what you need to know:

1. Be Selective Where You Use Your Credit Card

Every year we become more and more accustomed to using plastic for everyday expenses. But there is no reason to use your credit card for small purchases. “Just be more cautious and prudent when using plastic,” says Sandberg.

2. Check Your Checking Account Religiously and Monitor Your Credit Report

 “You must look at every statement and every charge. You can do this for free by going to annualcreditreport.com,” recommends Bush. “Just look to make sure that everything makes sense on it and if it doesn’t, contact your bank and the credit report site.” 

Annualcreditreport.com offers to check your credit with  the three big credit agencies all at the same time. Bush recommends checking with one site every four months so you’re covered the whole year.

3. Maintain a Credit Freeze on Your Account at All Times

Having a freeze on your credit account prevents lenders from issuing new credit without checking with the cardholder.  This is a smart way to make sure nobody opens new lines of credit under your name.

 “So if someone tries to apply for a credit card in your name, the bank attendant will see there is a freeze on your account and will have to call and verify with you before any new lines of credit are given out,” says Sandberg. 

But remember, this will not safeguard you against fraudulent claims on your existing lines of credit.

4. Have a Good Bank

Do research on banks and see which have the best fraud monitoring. You can find this type of information by going to the Better Business Bureau.

5. Be Smart With Your Password

It might be hard to keep track of different passwords, but having the same password for everything is just asking for trouble. 

And never share your password. Ever. 

“It might seem obvious but often times we’ve seen people do this,” says Bush.

6. Be Judicious on Where You Purchase Items Online 

Sometimes you have to use a credit card to make online purchases, but make sure the site is safe. 

“Don’t think you’re immune, because even if you use a legitimate Web site, you never know,” stressed Sandberg.

7. Don’t Discount Family Members

Think about everyone and anyone who could be using your card. 

“You must look inward. Could it be your older child or estranged spouse? Think about who has access to your information and credit cards,” says Sandberg.

8. Don’t Open E-mails From Unknown Sources

Make sure your computer is equipped with anti-virus, anti-spyware and anti-key logging software. 

“Getting these kind of viruses is as easy as opening an e-mail with an attachment,” explains Bush. “A key logging virus records movements on all the keyboards. So if you go to your Gmail and enter a password, thieves will be able to see it.”

9. Shred Your Information

Few of us actually shred all of the mail we receive, but the experts say it’s a good idea. 

“Don’t just throw it away. A thief with some time on their hands can pick up a piece of your mail with your address on it, and just with that information, steal a big chunk of your identity,” Bush says. An enterprising thief is a very scary concept.

10. Don’t do Financial Transactions Over Public WiFi 

People often think it’s lucky when their computer picks up a free wireless signal. Maybe not.

“There is technology that intercepts a public wireless signal,” explains Bush. “So a thief can be a couple of feet away from you on another computer looking at all the information you’re looking at.”

11. Beware of Shoulder Surfing

 It doesn’t matter if the ATM is in a well-known store or even in a bank.

“Thieves can put small cameras above the ATM and watch the pin being entered, so watch out for anything that looks suspicious,” said Bush. He stressed that this is doubly as important when you are at an unfamiliar gas station or deli. So to stay safe, when in doubt, don’t use the machine.

FOXBusiness.com

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Trying to Save on Interest Expense? Apply for a Low Interest Credit Card

Trying to Save on Interest Expense? Apply for a Low Interest Credit Card

The following article lists some simple, informative tips that will help you have a better understanding about low Interest credit cards. If you find yourself confused about low interest credit cards don’t despair. Everything should be crystal clear by the time you finish reading this article.

Low interest credit cards equivalent to cheap credit cards are considered the most popular credit cards because of the 0% introductory APR (annual percentage rate) offer. This promotional offer can last up to 12 months. If you are planning to pay the full balance off before the 0% intro offer expires, then this offer can be an ideal situation. If you will be carrying a balance each month, then a low fixed APR interest rate might be a better choice. Choosing the 0% intro interest rate might be a mistake if it changes to a high interest rate after the promotional offer expires. This is the reason why it is very important to know what the interest rate will be after the introductory period expires. Customers who decide to go with the promotional offer can use the money saved on interest expense to accelerate paying off the loan much sooner.

Low interest credit cards main benefit is to save money on interest expense. These credit cards are very essential in saving money on interest expense when used to transfer balance from a high interest credit card to a low interest credit card. They may also be beneficial to cardholders who make large purchases and carry a balance forward every month. Doing a balance transfer requires paying a fee; therefore it’s a good idea to shop around for a credit card with the lowest costs. Individuals with excellent credit score can ask to have the fee waived.

Banks and credit card companies competing for the low interest credit card business offer impressive features similar to standard credit cards. Some of these features may include cash back, rewards, no annual fees, frequent flyer miles etc. Therefore, it’s a good idea to compare credit card features to find the card that meets your needs and one that will save the most money on interest expense. Paying your entire outstanding credit card balance on time each billing cycle is the only way to avoid paying interest expense. This may not be financially feasible for many customers due to the fact that they do not have the available funds. Therefore, by using a low interest credit card to make purchases and maintaining a credit card balance will be the next best choice to save money on interest expense.

It’s a common situation for individuals with bad credit to pay credit card companies large fees and finance charges. With this kind of financial problem it can be a daunting task to get out of debt. As you can see, having excellent credit is very important because it makes it possible to get approved for a low interest credit card which in turn will save you a vast amount of money on interest expense. The amount of interest accrue on your account depends on the interest rate you receive. Be aware that credit card companies are able to change the interest rate on your low interest credit card because of late payment or they can change the interest rate for no reason at all. Managing your credit wisely is extremely important for financial success. Make sure to report errors on your credit report to the three major credit bureaus which are: Equifax, Trans Union and Experian to correct the errors on your credit report promptly.

If you are overwhelmed with bills and credit card debts, why not consolidate your loans into one loan. This will save an enormous amount of money on interest expense. It will make monthly payments more manageable and can alleviate the financial problems that come with having too much credit you can’t afford. This is an excellent opportunity to start the process of improving your credit score. Having less credit card accounts will simplifies your life and eventually improve your credit score. It’s much more convenient to write one check instead of writing several checks each month to various creditors. Debt consolidation is an excellent opportunity to keep you out of bankruptcy and get your finances back on track.

Customers should understand the grace period agreement as it relates to their low interest credit card. The grace period generally last between 20 to 25 days. This is the number of days stipulated in your credit card agreement before your credit card company starts charging interest on new purchases with certain conditions. During this period customers do not pay finance charges on new purchases if the account did not carry a previous balance. Also, monthly payments must be received during the grace period time frame. Usually credit cards without a grace period are charged finance charges immediately on new purchases even if your previous month’s bill was paid in full.

The internet is best place to do credit card research and submit online credit card application. The credit card types are organized into categories making it easy to find the credit card you are looking for. Just by clicking on the low interest credit card category will bring up a vast amount of information. Customers with excellent credit can get instant online credit card approval within a few minutes of filling out their online credit card application. Once approved, the customer will receive the credit card in the mail within a few days. This is the fastest and most convenient way to obtain a credit card. Customers should make sure the credit card features fits their lifestyle before submitting an application.

Don’t be surprised when you received your credit card bill to find out that you are paying different interest rates on the same bill depending on the type of transaction you are making. While credit card companies may offer the 0% intro offer for balance transfers, there maybe a much higher interest rate for cash advance and new purchase. This is why it is very important to read the fine prints and pay close attention to your credit card statement. This will give you a good understanding about the miscellaneous fees and interest rates to avoid surprises.

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Balance Transfer Credit Card Offers – Join the Wave

Balance Transfer Credit Card Offers – Join the Wave

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 initiate the procedure. If you have a low credit score, you may not find a credit card company that will offer a balance transfer credit card to you until your score increases.

How Balance Transfers Effect Your Credit Score

Whether you think it’s fair or not, if you frequently switch from one balance transfer credit card program to the next, you will not proceed unnoticed. Credit card companies will eventually catch on to your migrant tendencies and thus, decrease your credit score and increase the available rate for you. Therefore, if you are a chain user of balance transfer credit cards, you run the risk of negatively effecting your credit score in the long-run. Credit card companies will be weary of an individual that has a history of performing balance transfers, and therefore, may lock you into a higher interest rate to ensure that they do not lose money by taking you on as a client.

When Not to Initiate a Balance Transfer

If you are lucky enough to be locked in with a credit card company at a good interest rate, then it is a bad idea to engage in a balance transfer. Like any other balance transfer, a credit card balance transfer will most likely clear your credit card account with your original company and, thus, lock you into a relationship with a new credit card company. That new company may raise your rates to a level that is higher than your previous company after the initial low interest rate trial period. Therefore, before you initiate a balance transfer, it is important that you read the fine print on the company offering the balance transfer credit cards.

It can feel like finding a pot of gold when you find a balance transfer credit card that offers a low interest rate and other incentives to encourage you to make the switch. However, as with anytime you engage in a balance transfer, it is essential that you do ample research into exactly what the new credit card provides. Chances are good that any company that offers balance transfer credit cards is using the tried-and-true credit card balance transfer strategy to get a quick influx of clients. Educate yourself so that you can make an informed decision about your own balance transfer possibilities.

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Why Was My Credit Card Application Declined?

Why Was My Credit Card Application Declined?

There are a number of reasons that lenders may decline your application for a credit card. We’ve outlined a few of the more common reasons below, and this information may help you to be more successful next time you apply.

1) You can’t afford any more debt

When you apply for a credit card, the bank closely inspects your financial situation, taking into account your income, your existing debt and everyday living expenses among other things. Do you already have a credit card, store cards, loans or other types of debt?

The South African National Credit Act aims to protect people from over-extending themselves when it comes to credit. For those who already have debt, a credit card may become an unmanageable financial burden on top of all the other debt and everyday living expenses and thus the application may be declined.

2) You have a poor credit history

Your credit history is a detailed report of any debt you currently have, or have had in the past, and how efficiently you’ve settled it. It is a reflection of how responsibly you manage credit, and it is carefully examined when you apply for a credit card.

If you’ve ever missed payments, run into arrears or defaulted on instalments, it will be reflected on your credit history. The report also includes information about previous loan and credit card applications, your existing credit cards, any overdue accounts (defaults) and your present and past employers.

The information on your credit history reflects your creditworthiness. If you have failed to repay debt efficiently, you won’t appear very creditworthy, and thus you may not qualify for a credit card.

3) You’ve already reached your maximum credit limit

Depending on your disposable income – which is the amount of income left after you’ve paid your living expenses each month – lenders determine a maximum credit limit for you. This is the maximum amount of credit you may have to your name, irrespective whether you have used all of it or not (it is also referred to as your maximum credit exposure). This is done to ensure you will be able to repay all your debt and in line with the National Credit Act.

When lenders are assessing your application, they look at your total credit exposure and use this – together with other criteria – to determine whether you can be granted more credit or not. So the more credit you have to your name – whether you use it or not – the bigger the risk that you have reached your maximum credit limit and will be declined for further credit.

4) Your job and/or living arrangements are unstable

When you apply for a credit card, you’ll be obliged to provide information about your current employment and living arrangements. If you do not have a reliable stream of income (or you change jobs frequently), or if your living arrangements are uncertain, or you’re still in the probationary period of your job, you may not qualify for a credit card.

If any of these scenarios apply to you, it’s best to wait until you’re on a more secure footing before submitting your application.

5) You filled out the application incorrectly

It may seem obvious, but many applications are rejected because they aren’t filled in correctly. These days, given the ease of applying for a credit card online, it’s easy to overlook a minor detail, or simply to click “send” without checking your information for errors.

Also, ensure that the information on your application matches the information that the bank may already have about you, and that your banking, personal and employment details are accurate. Be sure to submit all the supporting documentation that is required with your application, as many lenders will not continue with an application before receiving the supporting documentation. This is done to safeguard yourself as well as the lender against fraudulent applications.

6) You do not qualify for the specific credit card you applied for

Most credit cards have specific qualifying criteria such as income and age. Should you not be above the required age for the specific product or your income is lower than required, your application will probably not even be taken into consideration.

It is also wise to check the terms and conditions for the particular product, as some credit cards are also issued depending on the credit limit you qualify for.

Future credit card applications

If you have failed to qualify for a credit card this time, you could still qualify in the future. However, you must first rectify the issue that caused you to be unsuccessful, or wait until your income, employment or living arrangements are more certain.

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Balance Transfer Credit Card Comparison

Balance Transfer Credit Card Comparison

There are many online balance transfer credit card applications. In an effort to lure consumers to their credit card, many companies offer free balance transfer credit card applications and  do balance transfer credit card comparison carefully!

Credit cards are a big business today, with many companies making a fortune off fiance charges. The average annual percentage rate is about 16% on most credit cards. With that kind of interest, it’s tough to pay down a credit card, because it is consistently charging interest and adding to the principle. Even hot stocks are pressed to grow at 16% a year. Luckily, companies are so anxious for your business the balance transfer was invented.

In an effort to lure consumers to their credit card, many companies offer free balance transfers from your old credit card. Once the money is safely owed to the new company, they will often provide a grace period where they charge far less on the transferred balance. Finding two, one, or even zero percent interest is possible. Oftentimes this introductory rate lasts for around six months to a year after the balance transfer takes place.

Making a balance transfer work for you is an excellent practice, but diligence is required. Sometimes there is fine print attached with hidden charges.

Some banks may charge a transfer fee that can be a percentage of the balance transferred. Selecting the right bank credit application and do balance transfer credit card comparison carfully.After your decision has been made.

You can move your high rate balance from your card to a better one. You can find comprehensive guide to help you understand exactly what a balance transfer is, how it can benefit you by reducing your credit card interest repayments, and how to make balance transfer credit card comparison to find the best offer for you.

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Student Credit Cards ? Great or Awful Idea?

Student Credit Cards ? Great or Awful Idea?

Does a college student need a credit card? Better yet, should a college student apply for a credit card?

We all know that new credit card laws have made it more difficult for college students to obtain a student credit card. Now college students (and anyone that signs for them) need to think twice before getting that first credit.

There are many responsible credit card usage tips that college students can follow. On the flip side, there are also many college students that will fall victim to the credit card debt trap at an early age.

The question that I often receive in some shape or form is- should a college student have a credit card?

My answer is simple- all college students should have a credit card.

Before a mob of parents runs after me with blazing torches, allow me to explain myself.

Benefits of a Credit Card For College Students:

1. Build your credit rating.
When you make your first major purchase, whether it be a car or home, you will realize that one thing is very important- your credit score. This number makes a world of a difference. Before you do anything else you need to read about the importance of a credit rating.

The earlier you get a credit card the early you can build your credit rating. Yes I do realize the flip side here but please bare with me and continue reading for now.

Your credit rating becomes very important as you graduate from college and progress through your 20s. If you begin building up your credit at an early age you’ll notice some big wins.

2. Reap the benefits of a high credit score in your adult years.
A high credit score can save you a boatload of money over the period of a loan. A high credit score means that you have good credit. Good credit means that lenders feel it’s less of a risk to loan you money. Since it’s less risky to loan you money, you can receive a lower rate on major purchases when they happen, and believe me they will happen.

A lower rate may not seem like a big deal now, but trust me it will be one day. Unless you buy your first new car or first home with 100% cash, you’re likely going to have to apply for a loan. You don’t want to be in your 30s kicking yourself in the butt for messing up your credit or for having no credit.

3. Get used to a credit card.
Chances are very high that you’re going to have to deal with a credit card for the rest of your life. There are adults that refuse to possess a credit card or are vehemently against credit cards (see: Adam Baker or Matt Jabs), but it’s fairly rare to not have a credit card.

Cutting up your credit cards is too simple and it won’t solve the problem. You should get into the habit of using a credit card and paying it off monthly ASAP.

Okay now let’s go a bit further- what if you think the reasons for having a credit card are decent but you’re still not fully convinced on student credit cards? A college student should only have a credit card under the following conditions:

Student Credit Card Conditions:

1. It’s a student credit card with a minuscule limit.
A couple of hundred bucks to 0 max! Until you’ve mastered your financial situation completely you shouldn’t accept anything over 0. A high amount of credit available to you can be very beneficial, but it can also ruin you financially if you don’t control yourself. All college students should start off with the lowest limit possible and not increase it until income grows. On top of that, it’s also becoming more difficult for college students to get more than 0 worth of credit.

2. The student credit card is used for reoccurring monthly expenses.
I’ve automated my credit card to pay for my gym membership, cell phone bill, and a few online subscriptions (I swear it’s not porn!). A simple way to build your credit without buying useless junk is to automate reoccurring monthly expenses to your credit card. We all have monthly expenses. So why not simplify your financial situation and automate your monthly expenses with your credit card?

3. The credit card is only used in emergencies.
Yes I know that some will view an “emergency” as seeing a pair of jeans on sale at Banana Republic. This is where the 0 limit comes into play. Even if you lose control and splurge, you won’t go bankrupt because of it. You’ll probably have to suck it up and get an extra job to pay the credit card off, but you won’t destroy your finances.

A credit card is also extremely critical in real emergencies. Shit will happen in life. There will be times when you need money to pay your way out of trouble. Whether it be paying for a tow truck while stuck on the side of the road in the winter to having your flight delayed. Hopefully this sort of thing doesn’t happen to you. But if it does you can use your credit card and then pay it off with your emergency fund money when you get home

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Secured Credit Cards Help People Get Back to Life

Secured Credit Cards Help People Get Back to Life

Trying to improve one’s credit report can be a challenge. Applying for new credit may prove to be difficult as many lenders prefer clients with good to excellent credit. However, thanks to bad credit credit cards and secured credit cards, getting approved for a new credit card even with a poor credit score is now made possible.

What are secured credit cards?. As the name suggest, these credit cards are extended to people with no credit history or poor credit history. The applicant is simply required to submit a security deposit which is usually equal to the credit limit of the card. This lowers the risk for the lenders. Thus, anyone- regardless of the status of his credit report can apply for a secured credit card and get approved without hassle. In fact, secured credit cards can be used as tools in rebuilding or improving damaged credit.

How much is the security deposit that you need to submit? The amount depends on the requirement of the credit card company. Most credit cards require a deposit ranging from a minimum of 0 to 0 to ,000. In most cases, the amount of the security deposit also determines the amount of credit limit allowed to the card holder.

How can you improve your damaged credit history with the help of secured credit cards? By getting a secured card that reports to the three major credit bureaus. By using your secured credit card and timely keeping up with your credit cards payments, these will be reported to the credit reporting agencies. After a few months, you should be able to see an improvement in the status of your credit.

Nevertheless, it’s important to remember that not all secured credit cards report to the credit bureaus so you should make sure that your chosen credit card company extends this particular feature. A good secured credit card should also offer you an automatic upgrade to an unsecured credit card account after you’ve proven your credibility as a card holder. Typically, you should be able to get a regular credit card after a year so you can enjoy a higher credit limit and more privileges as well.

There are a number of secured credit cards available in the market today. Of course, the first thing you’ll probably check on is the interest rate offered. But don’t forget that comparing the interest rate of a credit card alone won’t give you an accurate evaluation. Aside from the interest rate, take a good look at the other fees and charges associated with the credit card, particularly if the card offers an unbelievably low APR.

Just like in applying for a regular or unsecured credit card, take your time in weighing your options. Once you’ve narrowed down your choices, make it a point to read the entire Terms and Conditions associated with each of your prospective cards. Since most of the ads only advertise the best features of the card, reading the Agreement page will enable you to see the real costs and conditions of the credit card.

Lastly, use your secured credit card with the primary goal to rebuild your credit. Charge only what you can afford to pay in full before your due date, not only to avoid the additional interest rate and late fees, but more importantly, to start repairing your credit history.

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Over your head in debt? 5 extreme budgeting ideas

For many people struggling with unemployment or other financial calamity; however, just cutting back on expenses is not enough. Here are 5 extreme ways to save money.
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It Is Essential To Check All The Sides Even While Getting The Best Credit Card Offers

It Is Essential To Check All The Sides Even While Getting The Best Credit Card Offers

There are different kinds of credit card offers available in the market today. They are available in order to serve different purposes and different needs of the customers. However, the best credit card would be the one with0 percent interest.

Search For The Best Credit Card Is Always On:

The most annoying thing about credit card offers is the amount of the interest that one has to shell out. However, one does not stop using credit cards for the sake of interests. In turn they keep on looking for the best credit card.

The best part about credit card offers is having the opportunity to spend while having no money and using others money. Paying an interest was the only tension that credit card holders had. With the introduction of the 0 percent credit cards interest, the credit card users have all the reasons to smile. It is like a dream come true. Some people still cannot believe their eyes when they read such news. It is because of this reason that it is considered as the best credit card.

0 Percent Credit Card Is Always The Best Credit Card:

Now that 0 percent credit cards have been launched, it is the best option for a person who intends to get a credit card. These kinds of credit card offers too provide different offers to its users without having to pay any interest. All the facilities that are available should be thoroughly checked in the booklet before sealing the deal. Once the terms and conditions of the 0 percent credit cards are clarified, one can shop till he/she drops.

They Can Help To Save Money:

The APR 0 percent credit cards allows a person to pay for airline fares and other travel expenses apart from gas and rental car rates without paying any interests. The conditions have to be checked as these can help a person save a lot of money in the long run

The Other Side Of The Coin:

The twist in the tale is that the 0 percent credit cards provide this offer only in the initial few months, after which one has to start counting interests. Hence, the credit card user has to make use of this opportunity from the credit card offers and purchase the costliest of things in these first few months. The 0 percent credit cards impose regular rates of interests on the purchases that have been made after the expiry of the offer period. After the credit card company starts imposing interests, the user should be very careful about the things one buys and try to keep the interest close to the lower limit.

Interest Is Also Charged On The0 Percent Credit Cards:

The 0 percent best credit card credit cards impose the interest rates on the transferred balance. Many people tend to neglect this aspect and keep transferring money from one credit card account to the other. But this interest also amounts to a considerable sum of money in the end. Instead of getting heavy interest rates charged on the credit card amount, the wisest decision would be to start paying up as much as possible.

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Credit Cards Which Give Cash Rebates

Credit Cards Which Give Cash Rebates

Credit cards with cash rebate incentives give you cash rewards each and every time you make a purchase with your credit card. Although there are many types of reward credit cards out there, more and more companies are leaning towards cash back incentives, as most people prefer to receive cash back over any other type of reward.

For many, getting cash back is far preferred over air miles, items, or any other reward. If you like to use your credit card often, then you’ll find that cash rebate credit cards will give you a lot of money in return.

Normally, these types of credit cards entail higher fees and APR. You don’t want to carry a high balance on these cards at any time, as it normally ends up very costly. If you can off your balance at the end of the month, then your APR won’t affect you. Paying off your bill will also allow you to take full advantage of the cash rebate reward.

The percentage of cash back will vary, although most normally have 1%, with 5% being applied with certain purchases. For every purchase you make using your cash rebate credit card, you’ll get a small amount of cash back. Using your credit card on a frequent basis will give you a lot of cash back at the end of the year.

If you make big purchases, you can get a lot of cash back by using your credit card, although some may have a limit on just how much of a rebate you get back. If you plan to purchase large items such as furniture, you should check into your cash rebate credit card and find out what the rebate is on these types of purchases. The better rebate cards will normally send a lot of rebate cash your way just for purchasing some of the larger items.

Before you get a cash rebate credit card, you should always find out how much of a reward you will be getting with each purchase, and what the limit may be. Once you have reached the limit, some banks will either send you a check, deposit the reward into your bank account, or simply add the reward to your credit card. All three are wise options, although most prefer to have the money added to their bank account – so it can help draw some interest.

If you research the rebate card and find out what other features are included, you’ll normally come out a winner. Make sure you inquire about the credit limit, fees, and other things that you feel you should find out. Once you have researched and found out what you need to know – you can get a cash rebate credit card and begin living life knowing you will be getting cash back for just about anything you purchase.

You can find the best choice of credit cards and pre-paid cards at www.CreditCards.us (http://www.creditcards.us)

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Balance Transfer Credit Cards – Benefits and Detailed Descriptions

Balance Transfer Credit Cards – Benefits and Detailed Descriptions

A Balance transfer credit card helps the consumers to move an outstanding balance from one credit card to another. This process also helps the consumer to get lower APR. Balance transfer helps the consumers in many ways. By Transferring high balance from the current credit card to a 0% interest rate offered card, the consumer can save a lot. By considering the benefits, we can name the balance transfer credit cards as best financial tools. There are hundreds of new balance transfer credit cards are introduced. Lets see their benefits and detailed descriptions.

Discover® Open Road Card: This card offers 0% Intro APR for purchases and Balance Transfers for 12 months. Provides full 5% Cashback bonus on gas and auto maintenance purchases. Up to 1% Cashback Bonus on all other purchases automatically. Provides unlimited cash rewards that never expire. There is no annual fee. Provides fraud liability guarantee and easiest online account management options. The card members can DOUBLE their Cashback Bonus (turn into ) when they redeem for gift cards or certificates from many of the 70 brand name partners.

Discover® More Clear Card: This card offers 0% Intro APR for purchases and Balance Transfers for 12 months and 5% cash back bonus on purchases in popular categories that change four times a year like home, apparel and more. Provides up to 1% cash back bonus on all other purchases automatically and unlimited cash rewards that never expire. Provides fraud liability guarantee and easiest online account management options. There is no annual fee and the card members can DOUBLE their cash back bonus (turn into ) when they redeem for gift cards or certificates from 70 brand name partners.

BoatU.S.™ Platinum Plus® Visa® Card: This card offers 0% Intro Annual Percentage Rate (APR)on balance transfers and cash advance checks for the first 12 billing cycles. The card user can earn 1 point for every net retail purchase dollar spent and also he can redeem points for travel, merchandise, gift certificates, and cash. Provides Access to the MyConciergeSM service, a unique personal assistance service. There is absolute fraud protection against unauthorized use, online and offline. And there is no annual fee.

Chase Platinum Visa® Card: This Card offers 0% Intro APR for up to 12 months on purchases and balance transfers. The time period for the introductory APR and the balances to which it will apply will be based on the review of applicant’s application and credit history. There is no annual fee. Provides Flexible Rewards Program like the the card member earns one point per dollar spent. Provides redeem for the card users choice of Cash Back, Merchandise, Travel or Gift Cards. Also provides FREE Online Account Access and FREE travel services including Auto Rental Insurance and worldwide Travel Accident Insurance.

Bank of America Visa® Platinum Plus®: This card offers 0% Intro APR on purchases and balance transfers for the first 6 months. There is no annual fee. Offers Credit lines as high as ,000, Online Banking Service and total security protection.

Citi® Driver’s Edge® Card for College Students: This card offers 0% APR for Six months on purchases, Cash Advances, and Balance Transfers – No Balance Transfer Fee with this Offer. Helps the card members to build credit history and the card users will earn rebates towards any car, new or used. Provide offers like, Get Cash for Miles Driven and free online account management.

Blue from American Express®: This card offers Fee-Free Rewards Program and 0% APR for up to 15 months. There is no annual fee. Provides low balance transfer APR – 4.99% Fixed APR for the life of the balance. Actuallly Blue is named as the card members launch pad to standout shopping and entertainment rewards and one-of-a-kind experiences.

Citi PremierPassSM: This card offers 0% APR on Balance Transfers for Twelve Months and the card member will get 5,000 Bonus Points after the first purchase. The card member will earn one point for every dollar spent on purchases and also earn one point for every three miles flown on any Airline. There is no annual fee.

TripRewards® MasterCard® Credit Card: This card offers 0% introductory APR on balance transfers and cash advance checks for the first 12 billing cycles. The card member earn 2 points for every in net retail purchases and earn 13 points for every spent for qualifying TripRewards hotel stays. There is no annual fee. Provides 24-hour online access and Absolute Fraud Protection.

Blue Cash® from American Express: This card offers up to 5% Cash Back with unlimited Cash Rewards and unlimited cash back earnings. Offers 0% Intro APR for 6 months and low balance transfer rate – 4.99% fixed APR for the life of the balance. There is no annual fee.

Blue Sky® from American Express: This card offers Redeem points to save on any airline, hotel, rental car or cruise – and there are no blackout dates or travel restrictions. The card member earns 1 point for every dollar spend. There are No blackout dates, no travel restrictions and there is no annual fee. Provides 0% intro APR. The card users get world class cardmember benefits including Travel Accident Insurance, Buyers Assurance Plan, and Return Protection.

SkyPoints™ Credit Card from Delta and American Express: This card offers discounts on Delta and Song® flights for as few as 3,000 SkyPoints. And the card member get up to 2,500 SkyPoints with his first purchase. Also provides double SkyPoints on everyday purchases. The card member get one SkyPoint for every other eligible dollar spent. And there is no annual fee for the first year — a savings.

JetBlue Business Credit Card from American Express: This card offers 25 TrueBlue points, worth 1/4 of a free flight, after the first purchase and double award dollars on JetBlue purchases, gas, wireless phone charges, and other business needs. Provides statement credit after the first purchase and 5% savings on all JetBlue flights purchased directly, using JetBlue Business Card. Automatic discounts at leading merchants through the OPEN Savings program. Provides protection on travel, Car Rental Loss and Damage Insurance, Baggage Insurance, and more.

Bank of America Visa Signature® with WorldPoints™: This card offers 0% Intro (APR)on balance transfers and cash advance checks for the first 12 billing cycles. The card members will earn 1 point for every dollar spend in net retail purchases. The points are redeemable for cash, brand name merchandise, travel with no blackout dates, dining certificates and more. There is no annual fee. The card members can take advantage of preferred seating – Visa Signature Access gives the card user an exclusive entry to exciting events as well as the best seats at sports, entertainment, and cultural venues. Provides ability to reserve last-minute tables at popular restaurants – Visa Signature Dining makes it easy to get preferrred reservations, discounts, and special offers at the nation’s hottest restaurants. The card member enjoy more savings and more extras and will get discounts at select merchants, valuable upgrades, and savings of up to 50% on accommodations at spectacular places.

Efectiva™ Visa®: This card member will earn points towards cash back. This card offers 0% (APR) on purchases and balance transfers for the first 6 billing cycles. The card member earn 5 bonus points with the first purchase. Additional advantage is that the card member get bilingual communications and services in English or Spanish. There is no annual fee.

Citi PremierPass® Card – Elite Level: This card offers low APR on balance transfers for 12 months. The card members will earn 1 Flight Point for every mile they fly on any airline — or anyone else whose ticket bought with the card, Earns 2 Purchase Points for every dollar spend at gas stations, supermarkets, and drugstores, plus earn 1 Purchase Point for every other dollar spend. Provides unlimited companion travel (minimum fare requirements apply). The card members can redeem points for: flights on any airline with no blackout dates. Provides retail gift cards, electronics, and even statement credits through ThankYou Network, the free rewards program from Citi. Exclusive bonus offer is the card member earn 15,000 bonus points after his first purchase is made within 60 days of account opening.

AT&T Universal Platinum Card: This card offers 0% APR on Balance Transfers for Twelve Months – a Balance Transfer Fee Applies with this Offer. The card member save on Phone Services used everyday and provides up to 30 free phone Minutes per month – Anytime, Anywhere. And there is no annual fee.

Union Plus® MasterCard: This card offers FREE rewards program designed for hard-working union members. The card members get 2,000 bonus points after first purchase, more than halfway to a Gift Card. Also earns 1 point for every dollar spent anywhere and Earns 2 Points for every dollar spent at gas stations, grocery stores, and drug stores. There are no balance transfer Fees and APR stays FIXED until the balance is paid in full. There is 1.99% introductory APR on new purchases. There is no annual fee and no liability for unauthorized use.

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Balance Transfer Credit Cards: A Way To Consolidate Debt

Balance Transfer Credit Cards: A Way To Consolidate Debt

Credit card debt is a fact of life for millions of Americans. Once you have credit card debt racked up, it can be difficult to get rid of. Balance transfer credit cards provide a solution to this problem. By understanding how they work, you can use balance transfer credit cards to help you get out of debt.

How Balance Transfer Credit Cards Work

Balance transfer credit cards allow you to transfer the amount due on other credit cards to their card. Many offer a low interest rate or a 0% APR introductory rate on the transferred amount. This way, you can avoid paying hundreds of dollars on interest. By making payments each month, you reduce the balance and save on interest expense.

Understand the Fees

Balance transfer credit cards come in many shapes and sizes. Some charge a fee to transfer balances; others do not. Some offer low interest rates for a certain period of time; others allow a fixed low interest rate on the balance until it is paid off. Certain balance transfer credit cards come with a rewards program or additional perks. While balance transfer credit cards offer a great rate on the initial transfer, some include a high interest rate on new purchases. The payments you make will first be applied toward finance charges, then the transferred amount, and finally the new purchases. Your best bet is to find a balance transfer credit card that offers 0% APR on new purchases for the length of the promotional period. You may be surprised at how may credit card issuers are offering 0% APR on both the balance transfers as well as on new purchases for up to 12 months.

Study your Finances

Before you apply for a balance transfer credit card, be sure that you understand your financial situation. Look through your credit cards and the interest rates on them. If you are carrying balances with high interest rates, you may be spending hundreds of dollars each month on interest. It could take years to pay off the initial amounts placed on the cards. By transferring the balances to a credit card with a low interest rate, you can pay off the amounts faster. Also, balance transfer credit cards allow you to consolidate your debt. Keep in mind that some balance transfer credit cards only offer a low interest rate for a certain period of time. Many cards have a high interest rate or variable interest rate that kicks in after six months or a year. If you haven’t paid off the balance by then, the higher interest will continue to increase your debt and work against you. If at all possible, you will want to pay off the credit card debt that you transfer within the grace period.

Transfer Away

After you have done your research and understand your finances, you are ready to apply online for a balance transfer credit card. Pick one that suits your needs. Then set up a system to pay off the balance. Balance transfer credit cards can provide the first step toward getting out of credit card debt. By placing all of your credit card debt in one place, you can make just one easy payment each month. You also will be able to enjoy paying 0% interest for a period of time on your balances. With a little planning, you will soon be on the road to zero credit card debt and good money management.

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Who Needs Debit Consolidation Loans?

Almost everyone will get into some sort of debt at one point, one of the main reasons why many people fall behind is because they only count what they spend. If you were to talk into a store and spend $1000 on items, how much have you really spent? If you are paid using a bank card you could have spent anywhere between $1100 and $1300.

On a credit card the interest is normally between 10% and 25% depending on who issued it, this interest is what you have to spend to have the pleasure of using the card. When you take into consideration your mortgage, car repayments, your credit cards and any other sources of interest you have, this can turn out to be a huge amount of money missed out over the year. Read more

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