No Other Credit Cards Offer That

Category: Finance, Credit.

The amount of money you make, determines how good your credit score is but also remember that it is how well and how promptly you also pay your bills.

Don t get on the wrong side of the credit card companies, they have some very nasty people who work in the back offices and their job is to get their money off you. Run into trouble or get behind with your payments and bad news sure does travel fast. Don t mess with them. It is not their fault that you have overspent and cannot afford to repay them. They are hardened to life and probably sleep very well. It is much better not to get into that situation in the first place.

Simple, do not over spend, do not use credit cards as credit cards, just use them to supplement your income, always keeping your overall outstanding balance to less than one month s income. How do you do that? That way you can pay off all outstanding balances before they earn any interest which effectively gives you an interest free loan. Big word of caution: Do not overspend, stay within your limits! ! When you add all those lovely bonus points they give you for using their card, you are getting those bonuses for free. Business Credit Cards Can Make You Money.

With the wide range of cards on the market, it is important for each business owner to examine the interest rates, and fine print, types of rewards of small business credit cards before making a final choice. Using small business credit cards can positively affect your company s bottom line, free up cash reserves, and generate solid income through interest and rewards. I ve have held American Express cards and have nothing but praise for the company. However, the best credit card reward deals are not for airline miles or merchandise. Credit card rewards programs can be great. Those rewards programs often carry high annual fees that offset the rewards earned. Use your card wisely and you ll find yourself with a little extra cash at year s end.

The best bet when choosing a credit card is to choose one that offers 5% cash back. No other credit cards offer that. However, I know that many people do have credit card debt. I don t recommend using credit cards, of course. By either calling the credit card company to get a lower rate or by looking for a credit card with a lower interest rate, you can cut down on your debt. It can indicate to a lender that you are desperate and in dire need of a credit line.

Don t be too quick to open or apply for so many credit cards or loans at any given time. It also can result in multiple lenders pulling your credit report in a short period of time. These inquiries also affect your credit score.

Read more...

Ready To Build Your Credit History - Finance and Credit Blog:

Ready to build your credit history? But before you sign that application form, here are five things you need to know: They come to you.

Credit Card Companies Do Lower The APR Rates If Approached With The Right Attitude Proper Planning - Finance and Credit:

Credit card companies do lower the APR rates if approached with the right attitude proper planning.

Every Purchase You Make With This Credit Card Qualifies For Cash Back - Finance and Credit Articles:

The Discover Platinum Gas Card is another credit card that offers gas rebates, as well as rebates on other purchases.