Credit cards stand as a sound option for consolidating old debt and financing new purchases. However, credit cards with a 0% introductory APR period save you temporarily from paying skyrocketed interest rates on balance transfers and purchases. Some of the no-interest credit cards for 24 months helps you accumulate time to pay off the debt…
There are two main types of credit cards. We have secured and unsecured credit cards. Secured credit cards require you to deposit some amount of money to act as security at the time of application. Unsecured credit cards do not require you to deposit any amount of money as security. Although unsecured credit cards are…
Everybody loves rewards due to good work or making a positive impact on a certain issue. If you have a credit card, maybe you pay your debt with some interest at the end of the month. The interest translates to huge profits to the issuing financial institutions. Some credit cards have no liabilities such as…
Credit cards allow you to borrow money from your issuing institution for various uses and pay later at the end of the month. Most credit card issuers charge interest on the money borrowed. However, some credit card issuers will charge zero interest rate and will also allow free transfer of a card balance to another…
A credit card is a small plastic card issued by a bank or any other financial institution to allow you to buy goods and services on credit. In simple terms, the card will enable you to borrow money from your issuer for various uses and repay later at the end of the month. Besides buying…
Credit card usage is gaining popularity as time goes by. According to Shift Credit Card Processors, there are approximately 2.8 billion credit cards in use worldwide. 1.06 billion credit cards are in use in the United States alone. Many of the credit cards are from the MasterCard network provider with 551 million credit cards in…
A credit score is a numerical expression of one’s creditworthiness. In most cases, the scores range from 300-850. A 300-579 score is considered poor. Other credit companies consider 300-600 as weak also. In our case, a 580 credit score is poor, and a person having such scores can find it challenging to get loans and…
Credit cards are popular with people who live in urban centers where there are numerous banks and other financial institutions. Some people in rural areas may also have cards if they frequently visit towns to do financial transactions. Credit card issuers prefer issuing credit cards to people with fair to excellent credit scores. However, if…
A credit card refers to a payment card given to cardholders(users) to help them pay a merchant for goods and services following a promise by the holder to the card issuer to pay for the amounts and other agreed charges. Luckily, there are high limit credit cards for bad credit that encourages people with bad…
Cash backs are forms of incentives given to buyers of certain products in the form of cash refund after purchasing goods. It may also be a facility offered by some sellers whereby the customer may withdraw cash when buying goods using a credit card. You might have heard people talking about credit cards and their…