So, you’re thinking of applying for a credit card? It’s a decision that should not be taken lightly. Before you fill out that application, take a step back and assess your financial situation. Are you in a good place to handle another monthly bill? Do you have a plan for how you will pay off your credit card balance each month? Can you afford to pay the annual fee? These are just some of the questions you need to ask
Convincing yourself that you are not spending real money is easy when you charge for items on your credit card. Technically, you are correct! You are not spending money, in fact, you are borrowing money. Using your credit card means that you will have to pay the bill eventually. The promise of small minimum payments can entice you into thinking that these purchases are bargains. Unless you pay back the purchase immediately, you will not feel the pain of the
You may not be able to pay for items in full cash, but you can certainly swipe your card! Credit cards offer convenience to afford larger purchases anytime. It can also help you establish a good credit history. However, it is important to understand the actual cost of credit cards when fees and interest are factored in. The actual cost of using a credit card can add up! #1: THE COST OF PAYING MINIMUM DUE ONLY There are consequences to
From ease of purchasing items to fraud protection, credit cards offer the several benefits. Just please use your plastic card responsibly! #1: RECEIVE ONE-TIME BONUSES Signing up for new credit cards will qualify you for the initial bonuses or sign-up rewards. You can new items or reward points that can be redeemed for travel, gift cards, and more. In contrast, a debit card that comes with a bank account generally offers no initial bonus or ongoing opportunity to earn rewards.
Swindlers and scammers are always on the lookout for opportunities to gain access to your money. Since the pandemic, many types of scams have emerged. As cashless payments became vital to the new normal, adding layers of cybersecurity to your debit and credit card transactions will reduce your chances of becoming their victims. This article highlights the 5 steps that you can take to protect your debit and credit cards. Fraud is prevalent, but you can act now! #1: NEVER