How To Use Your Credit Card For Ultimate Financial Advantage - Credit

How To Use Your Credit Card For Ultimate Financial Advantage

Using a credit card wisely is an important step in building a great credit
rating. If you're trying to re-build your credit or if you're young and
just starting out, pay close attention the next time you receive a new
card offer in the mail or online. When you're trying to build a positive
credit history for yourself, using the right credit card makes sense.
Making small purchases and then making your payments on time each month is
a simple, reliable way to build an outstanding credit report.

WHAT TO LOOK FOR ON A CREDIT CARD APPLICATION

If you receive a credit card application that appears to offer a low
monthly interest rate, don't make a decision until you turn it over and
closely examine the Disclosure Box. In it you'll find a more important
measure of credit terms - the Annual Percentage Rate, or APR. By federal
law, the Disclosure Box will also tell you whether or not the card has
what is called a grace period - a number of days, usually 25, until your
purchase starts to accrue finance charges. If a card has a reasonable
grace period and you pay off your balance at the end of each billing
cycle, you won't have to pay finance charges. It isn't difficult to find
credit cards that offer these grace periods, so if the Disclosure Box
doesn't declare one then throw the application in the trash and look for a
better offer.

If you don't have any credit history at all, a credit card company won't
want to give you a very high credit limit, but that's probably best when
you're just starting out. You don't want to be tempted to go into serious
debt with your very first credit card.

HOW TO CALCULATE YOUR MONTHLY FINANCE CHARGES

Ideally you want to pay off your balance each month to avoid paying any
finance charges, but when that isn't possible it's important to know the
actual cost of the items you purchase. The annual percentage rate, divided
by 12 months, gives you the periodic rate that will be applied to your
outstanding balance each month. You can estimate what your monthly finance
charge will be by multiplying the periodic rate times the outstanding
balance. It may sound complicated at first, but taking the time to learn
this simple equation can make a big difference in how you use your credit
card.

When you're able to see how much you actually spend on an item that you
don't pay off at the end of the month, it might help you to resist the
temptation to over-use your card. An item that you want to buy might be on
sale at the time you purchase it, but if you don't pay off your balance at
the end of the month then those finance charges can dramatically increase
the actual amount you'll end up paying.

USE YOUR CREDIT CARD AS THE STRONG FINANCIAL TOOL

Credit cards are only one of the tools available to help you build a
positive credit history. Making on-time payments for other forms of
credit, such as rent and utilities, are also important. Depending on your
situation, within 1-2 years your credit rating will be improved enough
that you no longer need to use your card for new purchases to maintain
your good credit. Use these tools wisely, and they'll help build your
financial future like no other!

Alain Diza is an Ex-Enron survivor, turned Internet Marketer, Real Estate
Investor, and published author who partnered with financial credit
industry 'guru' Joe Lloyd, to negotiate the arguably largest & most
competitive online selection of highly-targeted credit cards in the
industry to date. Get your own free credit card designed specifically for
you, at Alain's "insiders-only" site:
http://www.onlinecreditcardsdirectory.com

MORE RESOURCES:
RELATED ARTICLES
Credit Report Disaster Through Mistaken Identity
I've got some very important info I want you to think very seriously
about. I'm sure by now you've heard of Identity Theft,.
How Your Credit History Can Affect Your Life
Your credit history is an important aspect of your life. Maintaining your
credit rating is very important to your future and to your lifestyle.
Why Does Your Credit Card Rate Keep Going Up?
Have your read your credit card contract through completely? Do you know
when it is okay for your creditor to raise your interest rates? If you are
not sure about how and when your rates can be affected over the life of
your contract you should take a few minutes to read your contract
thoroughly from beginning to end.Creditors must have clauses in their
contracts that give them the right to change your interest rates.
Credit Establishment 101
There will come a day when you need credit. You may want to buy a home or
a car and your credit rating will become very important to help make these
dreams come true.
Understanding the Process of Credit Counseling
Many of us have seen the advertisements on television. "Get out of debt
fast!" "We can solve all your credit problems with only one call!" These
sound really great but you know that, realistically, one call is not going
to solve your credit problems.
Bank Robbery Growing In U.S.
Bank robbery has grown to become a huge problem in the United States but I
am not talking about people robbing banks. I am talking about banks
robbing people.
How To Use Your Credit Cards Wisely
Are you one of the thousands pulling your hair out trying to figure out
how you're going to pay your credit card bills? Using your credit cards
wisely and sensibly will help you avoid financial problems and establish a
strong credit rating, so here's some information to help you get your
credit card problems under control.Credit cards are convenient for buying
things now and paying later.
Tips for Credit Card Surfers
Moving money from credit card to credit card to take advantage of interest
free balance transfers and effectively borrowing money for free. It's even
possible to make money by borrowing money, transferring the debt to an
interest free card and investing the cash in a high interest savings
account until the interest free period expires.
ChexSystems: Alternative Options for People Whove Been Checking Accounts
Individual banks elect to become members of ChexSystems, and to use their
services.Those individual banks are the ones who decides what is
sufficient cause to close your account and report you to ChexSystems.
Five Credit Card Billing Problems and How to Fix Them
It goes without saying that your first and best defense against paying
fraudulent or unfair charges on your credit card is knowing what your bill
says! When you receive your credit card statement each month, sit down
with it and check each item to make sure that you actually DID purchase
it. If you do run into inaccuracies or problems, there are procedures to
follow to report and deal with the charges.
Credit Cards: What is the Universal Default Clause?
Most people who carry major credit cards are well aware that the interest
rates associated with them tend to be higher than for other types of
lending, such as home or auto loans. Anyone who has paid their credit card
bill late more than once or twice is also aware that doing so may cause
the interest rate on their card to go up - sometimes by quite a lot.
The Credit Card Surprise That You Need to Look Out For
Companies that issue credit cards want to make a profit. No one disagrees
with that.
Credit Report Secrets: Do You Know What They Reveal?
If you've ever applied for a credit card or loan, you've probably had your
credit report reviewed by the lender. Your credit report has a huge impact
on your financial future, so it's well worth your time to be sure that you
understand what your credit report says about you.
What You Didnt Know About Your Credit Card Numbers
Have you ever really looked at your credit card and tried to figure out
what that huge string of numbers really means? Do these card issuers have
so many customers that your account number has to be 16 digits long?You
may be surprised to know that all those numbers you see actually do stand
for something, and it's not just who you are. Let's take a look.
What You Need to Know about Debt Negotiation on Credit Cards
Debt negotiation on credit cards is often referred to as credit card debt
settlement. Whenever you make a credit card payment- or even pay your
utility bills- it usually gets reported to one- or all- of the three main
credit agencies.
Figuring Out the Ever Nebulous Numbers Called Credit Scores
Credit Score FactorsThe information contained on our credit reports affect
every aspect of our lives; including employment, insurance, and even
interest rates (mortgage, credit cards, automobiles, etc.).
Give Yourself Credit
The Beginning of the Credit Card EraIn 1951, Diners Club issued the first
credit card to 200 customers who could use it at 27 restaurants in New
York City. From that modest beginning, credit cards have become an
indispensable part of modern life.
Addressing Bad Credit Card Debt
Spending HabitsSo you've just got your credit card. The first thing you
need to be wary about is that a credit card is very easy to use - afterall
you can shop in stores, via catalogs and online with your credit card.
Credit Cards, Merchant Accounts, and Your Bottomline
Q: I'm opening a gift shop and want to be able to accept credit cards. I
talked to the branch manager at my bank, but he didn't seem to know much
about how it all worked.
Which Citi Mastercard Is Right For You?
You've decided to apply for a Citi MasterCard, but with so many different
cards to choose from, how do you know which one is right for you? Here is
a brief guide to the different types of MasterCard available from
Citibank.A great MasterCard program is the Citi Platinum Select Card.

--
http://pusatinternetmarketing.blogspot.com |
http://webandblogdesign.blogspot.com |
http://profitforextrading.blogspot.com |
http://tutorialbagaimana.blogspot.com