Practical Suggestions for First-Time Credit Cardholders

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Managing your very first line of credit may not be that easy especially if you find it difficult to control your spending habits. Good thing that in this piece we have enumerated and discussed guidelines that will help you manage your prepaid, unsecured or secured credit card in the best way possible.

Make it a habit to check the available balance on your credit card before using it to cover your bills, purchases and expenses. This is very important for you to keep your credit utilization, otherwise known as your debt-to-limit-ratio, low. After all, with a low debt-to-limit ratio you can expect to build and maintain an excellent credit reputation, which will in turn help improve your chances of qualifying for affordable credit deals, later on.

Furthermore, this tip will surely prevent you from making extra payments on overdraft charges and declined transaction fees, which could eat a huge portion of your personal budget. Continue reading “Practical Suggestions for First-Time Credit Cardholders”

Things to Remember when Charging Purchases on Your Credit Cards

Uncontrolled spending is one of the reasons why a lot of Americans today struggle with huge financial obligations. They don’t pay close attention to the transactions they charge on their respective accounts. In time, such decision backfires on them in the form of huge debts they often find very hard to pay back.

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This is the reason why we have decided to enumerate and tackle below several pointers consumers, like you, should keep in mind when using their prepaid, secured or unsecured credit cards to cover their purchases and bills.

Determine if you can really afford to settle your credit card charges, in full. This might entail a close examination of your personal or household budget to check if you have sufficient disposable income you can use to cover your subsequent bills. If you discover that you’re actually living paycheck to paycheck then, it might be wise to temporarily stop charging your expenses on your account until you can completely pay off your debt. On the other hand, if you think that you have more than enough cash to settle your charges in full then, we give you the go-signal to use your lines of credit in your favorite shops and stores. Continue reading “Things to Remember when Charging Purchases on Your Credit Cards”

A Closer Look at Unsecured Credit Cards

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Are you looking for information that can help you gain a deeper understanding and appreciation for unsecured credit cards? If your answer to this is YES then, this article is made just for you.

In the paragraphs below, we have listed and discussed things consumers like you should know about these card programs which can eventually help you should you decide to apply for one, in the next few months.

Fact 1: Unsecured credit cards are not made one and the same. They carry widely-varying rates of interest, fees and charges, payment terms and options, credit limits, and eligibility requirements.

Hence, if you wish to receive a line of credit that matches your needs and preferences, it is very important that you take the time to compare the features imposed on various programs. In so doing, you can soon find one that matches your needs, preferences and expectations. Continue reading “A Closer Look at Unsecured Credit Cards”

Prepaid Credit Card Management Tips for Frequent Shoppers

Regular shoppers will surely benefit from the pointers tackled below. That’s because in the remainder of this piece, we have listed down and discussed practical suggestions you can use, not only for ensuring the security of your offline and online transactions, but also for avoiding pesky fees and charges.

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Always check the available balance on your prepaid credit card, before using it to cover your bills and expenses. Keep in mind that you might incur huge fines and penalties, such as declined transaction fees and overdraft charges, if you won’t pay close attention to the funds you can still use on your account.

Hence, you should make it a habit to determine the amount of cash available on your prepaid account before charging your purchases on it. Continue reading “Prepaid Credit Card Management Tips for Frequent Shoppers”

How can I Maintain a Low Rate of Interest on My Unsecured Credit Card Account?

Are you interested to know how you can keep the interest rate on your unsecured credit card low? If you are then, we advise you to carefully observe the following pointers:

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Keep up with your credit card bills. The most important step you can take to prevent your card issuer from raising your interest rate is to simply pay your bills prudently and completely. Make it a point to submit early or on-time payments to your card issuer. That way, you can avoid shelling out huge funds on pesky fines and penalties such as late payment fees and surcharges. At the same time, such habit will help you build and maintain a solid credit profile, which normally determines the features that will be imposed on your card account.

And that’s not all. We also encourage you to settle your bills in full, each month. Always remember that submitting complete payments to the credit card firm will not only help you avoid incurring huge interest charges. More importantly, it can prevent your credit rating from sliding down and your rate of interest from going up. Continue reading “How can I Maintain a Low Rate of Interest on My Unsecured Credit Card Account?”

Which Should I Get – a Secured, an Unsecured, or a Prepaid Credit Card?

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Many consumers nowadays find it difficult to make up their minds and choose a credit card program to take out. After all, there are plenty of options available in the market.

Still, we wish to stress the fact that no line of credit is superior over the others. That’s because each credit card program, be it prepaid, secured or unsecured – is designed to meet the widely-varying needs, preferences and budgets of prospective cardholders.

Now, how can a card applicant, like you, pick a suitable card account? To find out the answer, we suggest you pay close attention to the paragraphs below. Continue reading “Which Should I Get – a Secured, an Unsecured, or a Prepaid Credit Card?”

Why Apply for a Credit Card Today

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Are you wondering why finance experts constantly encourage consumers, like you, to sign up for a credit card? If you are then, this article will surely provide you the answers you’ve been searching for.

In the remainder of this piece, we have enumerated and discussed the top two reasons why consumers, young and old, are advised to get and manage a line of credit.

To jump-start your credit history. Did you know that your chances of receiving affordable loans and card accounts would greatly depend on your credit history? In fact, without one, you will surely find it difficult to convince lenders to grant you the funds or credit card programs you will wish to use for covering your day-to-day expenses.

This is the reason why we advise our readers to jump-start their credit history, as soon as they can. And to do this, they can simply sign up for bank secured credit cards. After all, issuers of these card programs do not run credit checks on their prospective cardholders. So long as you can submit a security deposit to your chosen firm, plus the necessary forms and personal documents, you can soon be granted a card account you can use for building your credit profile.

Continue reading “Why Apply for a Credit Card Today”

Unsecured Credit Card Tips for College Students

Have you just received an unsecured credit card? If you have then, we advise you to keep the following tips in mind, guaranteed to help young consumers, like you, manage their existing credit card accounts in the best way possible:

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Never max out your line of credit. Always remember that spending beyond your credit limit will not only cost you a great deal of cash, in the form of overdraft charges and declined transaction fees. This poor credit habit can also cause your debt-to-limit ratio to rise and your credit score to slide down.

This means that if you’re keen on maintaining an excellent credit reputation then, you might as well keep your credit card transactions in check so you’ll never go overboard. And determine the available balance on your credit card before using it to cover your expenses. That way, you will know when to charge your purchases or bills on it and when to pay for them in cash. Continue reading “Unsecured Credit Card Tips for College Students”

What to DO with Your Prepaid Credit Card

A lot of consumers today are opting to use prepaid credit cards over their more popular counterparts. However, not everyone knows how they can effectively manage their current lines of credit.

Now, if you’re a prepaid credit card holder and you wish to handle your card account in the best way possible then, we advise you to observe the following suggestions:

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Make it a habit to check the available balance on your credit card. This is especially true for cardholders who frequently use their lines of credit to cover their bills and purchases. After all, by regularly checking the available balance on your card, you will know whether or not it would still safe for you to charge your transactions on it. At the same time, you will know when to reload cash on your credit card account so that none of your future charges would be declined. Continue reading “What to DO with Your Prepaid Credit Card”

How can I Keep My Credit Payments Minimal?

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Many credit cardholders today are interested to know how they can minimize the bills they pay each month. If you belong to this group of consumers then, you have surely found an excellent article!

In the remainder of this piece, we have tackled several tips that will absolutely help you achieve your goal of keeping your credit payments minimal.

Pay your bills early or on-time. Did you know that credit cardholders who pay their bills late usually incur late payment penalties and surcharges? In fact, these pesky fees can cause their credit obligations to balloon out and soon get way out of hand. Continue reading “How can I Keep My Credit Payments Minimal?”