How To Deal With Credit Cards – A Definitive Guideline
Various types of credit cards are availablein the market.
They have evolved from their early days into flexible financial tools formost types of spenders and savers.
But with so many types of credit cards on offer itcan be somewhat overwhelming.
Few examples are Airline credit card, Balance transfercredit card, cash rebate credit cards etc.
How to choose the Right Card? There are literallytens of hundreds of credit cards on offer in the USA, and the list is growing daily.
So, which is the best on offer? It very much depends on how each person plans to use theircard.
The answer lies in asking one simple question; "What do I want to use a creditcard for?" Applying For Credit Cards Online This optionis simple and most convenient.
More and more people are applying for credit cards online.
Along with online auctions, and shopping, signing up for credit cards, loans and insurancehas been one of the fastest growing commercial activities on the net.
How to decide whichcredit card is suitable for me? First decide what YOU are looking for then search the web.
There are some bigname credit cards that might charge the earth for you to have the privilegeof carrying their name in your wallet.
Most of them are not worth the extra fees.
Butwhat makes a card worth its salt? And what steps should you take in choosing the rightcard? Rate Tart Are You One? Rate tarts are thesmart shoppers of the credit card world.
They play the system to avoid paying interest onpurchases, borrow money for free, and even make money on that borrowed money! The ideais simple.
DO NOT leave any balance in your credit card and pay in FULL before the nextbilling cycle.
Quick Balance Transfer Balance transfers allowcard holders to transfer the money they owe to their existing credit card to another,usually at a special rate of interest.
The new credit card company pays off the old creditcard debt and transfers it to the new card.
0% Balance Transfers What's The Buzz? Balancetransfers can be a good way of managing large sums of debt.
The idea is simple.
You havea large debt, loan, store card balance or credit card balanceCash Back Credit Card It seems almost too good to be true; a credit card company givingback money to the user just for spending it in the first place! However, as with all gooddeals, there are terms and conditions.
The Value Of Having Branded USA Credit CardLoyalty Programs Anyone who has taken even the briefest of looks at the USA credit cardindustry will immediately notice that there are well over a thousand credit card providers.
However, even in this hugely competitive industry, there are still only two main types of cardavailable – the Visa card and the MasterCard.
Secured or PrePaid Credit Cards So you needa credit card for emergencies, peace of mind, or for your teenage child but aren't willingto go into debt for it? The answer might just be a secured or prepaid credit card.
Airmile Credit Cards These days most major USA credit card providers offer a vast arrayof reward programs to try and entice potential new customers to apply for a card.
Since theinception of reward packages, one of the most popular packages that applicants go for isairmile credit cards.
Business Credit Cards If you are either theowner or Chief Financial Officer (CFO) of a business and do not have business creditcards, then the following 10 reasons might make you want to rethink your business creditcard strategy.
How To Manage Your Store Card Many major outletsoffer store cards.
These provide an easy way for consumers to defer payment for purchases.
Store cards are promoted over public address systems in shops and by shop assistants atcheckouts.
So it's no surprise that there are millions of store cards accounts in theUSA.
Identity Theft Identity theft is a major issuein the USA, and with good reason.
It has been estimated that it can take up to sixty hoursof work to recover a stolen identity, and in the worst cases, cost up to thousands ofdollars to put right.
But what can be dome to prevent this?Payment Protection Cover For Your Credit Card Is It Worth The Cost? Payment protection coverstates quite clearly what it is but what are the ins and outs of the policy and its worthconsidering taking out payment protection cover on your credit card.
Credit Card Charges Credit cards appear to have only one cost to a user – the interestcharged on purchases, but there are a whole raft of hidden charges just lurking belowthe surface.
So, some cards offer an annual payment option in return for certain benefits.
What is the best option, and in what circumstance Smashing The Credit Rating Myths It used tobe said that there were two certainties in life – death and taxes.
Today you can adda third – credit.
Today, it is almost certain that at some point during your life you aregoing to need to apply for credit.
This credit may be either be in the form of a credit card,charge card, hire purchase, personal loan, home loan, etc.
Credit Building Tactics Much is written about credit ratings, the score against an individual'sname, that rates their eligibility for credit.
Credit Reports Every time a customer appliesfor a financial product such as a credit card, the credit company will consult that customer'scredit file.
This file records all their financial activity in terms of credit applications andbanking activity.
Credit Card Options For People With Bad CreditThere are many items that you can only pay for with a credit card.
If you want to booka holiday on the Internet, a credit card is a secure way to pay.
And if you want to hirea car when you get to your destination or booking a hotel room, a credit card is youronly option.
Do You Need To Have More Than One Credit Card?Deciding whether or not to have more than 1 USA credit card can be a difficult decisionto make.
On the one hand, you want to keep a careful control on your personal financesand having numerous creditors makes this difficult.
On the other hand, it can be convenient tohave more than one credit card, for example in an emergency.
So, you should have morethan 1 credit card.
Credit Card Disadvantages Credit cards areeverywhere; figures show that the average card user has over 4 credit cards in theirwallet, and there are more cards always in circulation!Common Credit Card Mistakes With credit cards now outnumbering people in the USA you wouldbe right to assume that not everyone in this country uses their credit cards either correctlyor wisely.
But what are the most common mistakes that credit card holders make when using theircredit cards? Are PreApproved USA Credit Cards A Scam? Appropriatelyknow as junk mail, every now and then you may find a nice glossy letter on your doormatinforming you that you have just been 'preapproved' a USA credit card.
With your pulse racing,you start to believe then hype of what a wonderful customer you are and how much your customis valued.
Hold on tiger – you may well be falling for one of the biggest credit cardscams going! Visa or Mastercard? The two main credit cardtypes have battled it out since the mid 1960s, but the credit card revolution was startedin earnest by American Express, in 1958.
Soon, their card was the choice to pay at hotels,airlines and restaurants.