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What Are The Different Varieties Of Credit Cards
All across the United States, there are hundreds and hundreds of banks and credit card companies looking for your business. This day and age, banks and credit card companies are in competition with each other, trying all they can to get your business. To try and get your business, they offer different credit cards with various incentives, rebates, and other perks.
Before you make your decision and choose a credit card, you should always compare what each company or bank has to offer you. If you get an offer in the mail for a credit card, you should go on the Internet and look into it more. You should also make sure that you read the fine print as well, to see if there are any type of hidden fees or other costs associated with that card. Many times, with offers in the mail, credit card companies or banks will try to sneak hidden fees and costs in there.
Interest rates and APR vary from credit card to credit, therefore, it important that you compare the various credit card companies' current rates. You will want to get the lowest possible rate available. If you come across a credit card with an unusually high APR, then you should probably turn the other way. Credit cards that have a high APR rate can easily cause you financial difficulties. No matter what type of credit you have, allowing yourself to become a victim of high APR can quickly leave you with debt that will be hard to pay for.
The three major types of credit card are American Express, Visa, and MasterCard. They're the leaders in the credit industry. However, Visa and MasterCard don't issue their cards directly. They instead choose to allow banks and other companies to issue cards on their behalf. American Express, also called AMEX, does not use a third party for any part of the transaction and issues their own cards.
Visa or MasterCard are the best choice if you're going to be traveling. They tend to be accepted in most locations around the world, while American Express may not be accepted in some areas. However, expansion is planned, and American Express may soon be accepted worldwide.
Another type of credit card is Discover. It does have some great benefits, even though it is not as popular as MasterCard, Visa and American Express. Although Discover is accepted in many parts of the world, users tend to only use the card locally and usually for emergencies. If looking for a credit card, a better choice is probably a MasterCard or Visa.
There are lots of cards to pick from, and the choice of credit card you use is up to you entirely. You'll have to find a card that works with your lifestyle and your needs. Cards can be found from local companies, or online.
You can choose to go with a company or bank that's local to you, or get online and look for your credit card. The Internet can be a great resource for credit cards, as long as you know what you want. If you know what you want before you go online - you'll save yourself a lot of time and money.
Avoid Credit Card Trouble - Early
Do you know what is happening to your credit score each time you miss a payment or forget to pay your credit card bill on time? Well, think about it. Each time you miss a payment or fail to pay on time, you are incurring late fees and accumulating interest on top of that. What also might happen, is that the interest rate may increase because of these actions, which means the amount you owe continues to grow at such a pace that eventually you might find that even the minimum payment is too much for you to handle. If this happens, essentially your credit score is out the window.
Taking control right away is your best option. While it might be difficult, you need to make sure you stop missing payments, and that every payment you make shows up on the due date or before. Here are a few tips to help you make all your credit card payments on time, no matter what.
Failure to pay bills on time means penalties, late fees, and added interest that you just do not need. It is important that you always try to pay the minimum if something has happened that prevents you from paying more. Paying the minimum means staying afloat and interest, but it is much better than not paying at all.
When you can not pay the full bill, always pay the minimum amount. Later, you can add to the minimum payment by sending an additional payment.
An easy way to do this, always have your minimum payment amount ready set aside. Try to look ahead at times to pay a higher amount than just the minimum balance. By paying the minimum amount, you'll ensure yourself that no other fees will be added to your next credit card bill.
Another option includes skip a payment, although you'll need to check whether or not your credit card company offers it or not. This service will allow you to request a waiver regarding your payment, when something comes up and you don't have the money to pay your bill. Make sure that you use this service wisely if you have it, as it can only be used once a year. Therefore, you should always ensure that the situation is truly an emergency and there are no other options available for you. This service will normally have a cost as well, and you'll need to pay it the following month.
Although credit cards can be great for numerous reasons, you should always know your interest rates and have a good general idea of what your bill is going to be before you make a purchase. Many times, those who have credit cards will make purchases, knowing they can't make the payments - then suffer when they get the bill and aren't able to pay it.
Anytime you have a credit card, you should always make sure that you have the money to pay the bill, or the minimum amount, the minute it arrives. This way, you'll remain in good standing with your company and your credit score will continue to increase. If you simply aren't able to make your payment, you should contact your credit card issuer immediately and see if you can work something out.
Where To Buy An Identity Theft Prevention Plan
If you are anything like I was last year, you are wondering where to buy an identity theft prevention plan and which one is the best, right? Well, that's a good question and a very important one. I did my homework after a close friend of mine had their identity stolen as well as thousands and thousands of dollars. After doing diligent research I found a company that I am still using today. Of course you would want a service that:
-Calls you anytime someone is trying to apply for a new credit card or an extension of credit
-Removes your name off of ALL those pre-approved credit card offers and junk mail lists
-Sends you a credit report once a year
These are the normal things you should look for when searching for where to buy identity prevention plans.
The company that I use to protect my identity does all of the above, PLUS they offer me a guarantee of up to a million dollars! In the event that someone actually does steal my identity and I lose money because of it...they simply give it back to me. I really can't imagine NOT having an identity theft prevention plan now. I would be looking over my shoulder constantly because you never know when your information is being sold or traded on the internet by organized crime websites and other thieves. It's becoming an increasingly popular crime nowadays with hackers and thieves having easy access to peoples' critical information. Don't fall victim to one of these crimes like my friend did. Protect yourself and your family and you'll never have to go through that extremely stressful situation. I think I pay something like $10 bucks a month to keep my good name. It's the best $10 a month I've ever spent in my opinion.
To answer the question of "where to buy an identity prevention plan" I would like to recommend the company that I use, they are called LifeLock. I give them 5 stars and I don't think there is another company on the net with the same solid guarantee that they offer.
How To Take Advantage Of Secured Credit Cards
Not many people are familiar with Secured Credit Cards. These cards are usually associated with bad credit mainly because they are the only cards available to those with a recent bankruptcy on their credit report. However these cards provide advantages not only to those with bad credit but also to those who want to build their credit and those who want to purchase expensive goods without having to pay out big amounts in full.
Especially for those with bad credit, secured credit cards provide an excellent tool for raising credit score without having to pay excessive interest rates for financing. They may require a bit of sacrifice at the beginning but in the long run, using secured credit cards to improve credit score surely pays off.
Secured Credit Cards Explained
Secured credit cards work just like any other credit card, the only difference is that in order to obtain credit you need to deposit an amount in a predefined account. That amount will, from then on, be your credit limit. Some companies will apply a multiplier to the amount thus increasing your credit limit even more. For example if the credit card comes with a 1.5X Multiplier, if you deposit $1000 on your account, your credit card limit will be $1500. If the Multiplier is 0.8X Then your credit card limit will be $800. This will depend mainly on your credit score and history.
Raising Your Credit Score
Those who have bad credit or no credit at all will find in secured credit cards, the best solution for credit repairing. Sometimes credit score gets so low that there are no chances of getting approved for an unsecured credit card or for a personal loan. Secured credit cards on the contrary, are never declined due to credit reasons.
Though the amount for the deposit may not be easy to obtain, once you start using your credit card, your credit will start improving. The continued payments on your credit card balances (preferably in full) will be recorded into your credit report and this will contribute to raising your credit score month after month.
The process may continue indefinitely. However, it will come the time when you will be able to get approved for an unsecured credit card. Then, you will be able to claim the money from the deposit and use it for better purposes like building a savings account to face unexpected circumstances without having to resort to finance.
Purchasing Expensive Items
There are many stores that offer to purchase certain goods (especially electronic equipment) in installments with credit cards. However, some of these items are so expensive that credit limits on unsecured credit cards will not cover for them. Instead of paying in cash, you can use a secured credit card and earn some money on the deposit. There are some secured credit cards that will pay you interest on the money you deposit. It is an excellent way to transfer the cost of financing to the store and to earn some money at the same time.
What Gas Stations Accept Gas Credit Cards?
The price of gas has been exemplifying high for the past months already. It has become unstoppable with the price of gas going at its peak. People have been at rage upon haring the news that it will still continue to rise in the coming days. They have been in shock that one day the price is this and the next thing they know is that it is already way higher. The increase is not just at its smallest but the increase is a leap. A big leap to say. The amount that it is reaching is not just nothing it is something that people are now reacting about it. Its all over the news, the paper, the radio, and the internet it is presenting itself to us that we are left with no choice but to face it. A reality that all must wake up into, a fact that everyone is believing and a word of truth that is spreading that is how the increase in gas price have been affecting each and every one of us.
Credit card companies have seen and have felt how this is affecting everyone since the people behind this credit card companies are also consumers of gas. They came and launched gas credit cards. They thought that this will be a help that everyone would need. A help that will allow consumers to save money as they fuel up their engines. They have made benefits to make this goal possible. Rebate is one of the benefits that this gas cards come with. Every time a consumer fuels up his engine using the gas card he gets a certain percent of rebate basing on the amount of his purchase. This rebate may be converted to cash, gift rewards or may be forwarded to the credit card for future purchases of the consumer. It guarantees to have no annual fee, consumers are not required to pay a certain amount annually which will be a big saving to them. Every time consumers show their gas card, gas stations will give you a lower price of the gas compared to the standard. Now that spells savings for everyone. This gas credit card offers a low interest rate that will be affordable to everyone.
The question now that everyone is asking is that where can they use this gas credit card. Well if you applied a gas credit card under a gas company then your gas card will be accepted on gas stations under that gas company. Here is the advantage, that if you applied for a gas card on a gas credit card company it will be accepted at all gas stations that is accepting credit cards. This way you donít have to go searching for the gas station just so you can avail the benefits because whatever gas station that you will be fuelling in, it will be accepted as long as the station accept credit cards. It will be a big shrug on your shoulder since you can gas up anywhere and everywhere with your gas credit card. You just have to show your gas credit card and it will be good as cash.
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