Sunday, April 27, 2008

Cash In With A Cash Back Credit Card

A cash back credit card is a antic manner for you to do some cash, while all the clip spending! Although it makes only lawsuit the clients who pay their measure in full at the end of each month.

A cash back credit card will give you the opportunity to earn as you spend. A percentage
is returned to you on an annual footing for every lb that you have got spent. This is
usually put at between 0.5% and 2% depending on how generous the credit card
lender is. And as I have got got said already and I cannot emphasis enough is you should be
able to wage off your credit card statement in full each calendar month as is the lone manner that
a cash dorsum credit card volition work for you.

A cash back credit card is not for everyone…

If you are a borrower then a cash back credit card will only cost you, even though
you will be earning a small back, you will happen that this will be eaten up and more than by
the interest charges, which are usually on a higher scale of measurement of APR.

By not incurring the interest payments, then every lb that you pass on the card
will see a small winging it’s manner back to you and if you make pay your credit card measure
off in full and never have concerns about doing so, then why not switch over to a cash
back credit card. If you don’t already have got one, there are only a few ways in which
you can get money from a credit card lender, rather than the many ways in which
they abstract cash from us.

Do not transfer any balances…

There is a word of warning that volition come up with this though, if you make up one's mind that you
desire to balance transfer an amount from your existent credit card company on to a
cash back credit card, then you should seek and avoid this, in fact avoid it altogether. As any payments you do to the credit card will only travel on to pay the amount
transferred and interest will mount up on any purchases that you have got got made on the
credit card, which will spell forth you paying back more than than than the cash back card is
making you.

There are a few good deals on the travel right now, with the American Stock Exchange Blue cash back card
the American Stock Exchange Platinum and the First Trust Bank cards worthy at a expression if you do up one's mind that
a cash back credit card is for you.


1) Wage off your balance every month
2) Cash dorsums are repaid annually
3) Avoid transferring a balance to your cash back card

So if you have a clear statement at the end of each calendar calendar month then go for it and make
that deal in the sales save you even more cash.

Thursday, April 17, 2008

Dodge Those Credit Card Fees

Credit card measures can be expensive. Sometimes they can be simply too expensive. Depending on how you utilize your credit cards, and how much you spend, and how under control and controlled you are over your ain spending, you may or may not have got problem paying your credit card measures when it come ups to the end of the calendar month and the measure gets in the mail. No matter what your state of affairs is however, there is always one thing you will not, under any circumstances, desire to see on your monthly credit card bill, and that is a credit card fee.

Keep it simple and remain on top of your bills…

There are different types of credit card fee and different grounds for incurring them,
but the good intelligence is that many of them can be avoided by simply following a few
simple regulations and keeping on top of your finances and bills. The most of import manner
to minimise the fees you have from your credit card company is to pay your measure
on clip and in full each month. Generally if you make this, you will be charged no
interest or finance charges at all, and will be receiving all the benefits of a credit
card and over a calendar month of credit absolutely free. If you are one of the lucky
clients who can manage to keep your account in this way, you will be very

However, many people cannot wage their account in full each month, therefore, they
incur the most common of all credit card fees, and this is finance charges. Credit
card companies actually charge very high interest rates to their clients so if you
have got the option of borrowing in other ways that may be cheaper it is recommended
that you utilize these methods if you are planning on needing the money for more than than
a couple of months. It is far cheaper to pay back a short-term loan than to keep
a large credit card balance.

Another credit card fee is a late fee for when you are late in making your monthly
payment. Many people who have got more than than adequate money to do their
repayments simply through a deficiency of arrangement lose payments and incur large
fees. If you are late in making your repayment because you don’t have got enough
money to do it you may need some debt counselling or other advice to assist you
manage your manner out of this situation.

There are many other fees that your credit card company can enforce upon you
depending on the company, but being aware of how they are calculated and what
put them off is probably all you need to cognize to be able to avoid incurring them in
the future.

Sunday, April 06, 2008

A Credit Card Can Sing A Christmas Carol

“Christmas Time, Mistletoe and Wine” How many times have you heard this so far
and its only November? A few I’ll bet, but with Christmas seemingly becoming
earlier to us each year, we will no doubt feel the need to get ahead with our present
and food buying. This though only leads to us spending more than we should. This
is because with the shops full of decorations and Christmas tunes, the stores are
dictating to us that we have to buy our gifts now, which will mean by the time
December has come and gone. We would have spent more over the 2-month period
that the shops have been full of Christmas cheer.

This is not all bah! Humbug.

Personally for the occasion alone and seeing the kids faces when they open their
presents on Christmas morning, as Christmas is a special time of year that for the
day makes all the preparation and spending all worth while.

But that doesn’t mean that it comes without cost and in some cases more of a cost
than folk can ill afford. For all of its pomp and occasion, Christmas can come at a
heavy price to bear for a lot of people who, rather than let their children and family
down, will turn to the promise of riches that credit cards and store cards offer.

Don’t get me wrong, credit cards and even store cards, have their uses. This is only
true though, if you only use them to your advantage, to get the best out of them. If
you are thinking of taking one or the other, then the only suggestion that I can
make is to plump for the credit card, over the store card.

We all want to enjoy this time of year, so by getting all that you want to do this and
in doing so, save cash and not to fall heavily into debt, will make the festivities all
the more enjoyable. So by giving you a few advantages and disadvantages, which
credit cards and store cards entail, will hopefully go a long way on helping you
make the right decisions.

Firstly the advantages of credit cards:

• More favourable interest rates than a store card.
• Many offers on the market, which are giving you an interest free period.
• Some come with money back schemes that give you a percentage of your
expenditure back to you. (Usually between 0.5%- 2%)
• Will protect your gifts, as soon as you have bought them.
• Lets you buy now and pay at a later date, only on what you have spent without
incurring any interest charges.

Now the disadvantages:

• Can lead you to spend more than you can afford to pay back, which in turn will
lead to the interest being charged to your account.
• They can come with a heavy hit in the pocket, with charges for late payments
and going over your credit limit.

Advantages of the store card:

• Can use them as soon as you are accepted for the card.
• Initial discount (normally 10% off you first purchase) will give you a saving
straight away.


• Overly high interest rates, which are well above those of a credit card. Some
can be as much as 30%.
• Can lead you quickly to debt, if they are not cleared at the end of each month.
• Sold to the customer, by assistants who know absolutely nothing about what
they are selling.