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Category Archives: Credit Card

Freezing your Credit Cards

18-Aug-10

People who are unable to control their spending on credit cards are a kind of annoyance. Having a credit card will put them deeper in debt, but not having a credit card makes it impossible to do things like rent a car or get a hotel room. In th book “Getting Rich in America” McKenzie [...]

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Do Not Carry a Balance on Credit Cards

14-Aug-10

Polls show 50 percent of cardholders do not pay their bills in full or on time. Over 40 percent of these people say they do not know the interest rate on their cards. Suppose you have a balance of $ 1,000 a month to month. That costs you $ 180 in the interest of a [...]

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Beat the Credit Card Blues

13-Aug-10

Many consumers we continue to struggle to get out of debt on our credit. In fact, the average American is nearly $ 2,500 in credit debt every month. These financial consequences can be critical, and long lasting. For the consumer to pay only the minimum payment of $ 50 per month on a credit card [...]

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Balance Transfer Cards

06-Aug-10

Most credit cards offer the balance transfer facility. Balance transfer involves the transfer of the debt or arrearage to a credit card to another credit card with a lower interest rate. Before you go ahead and opt for a new credit card solely because of the ease of transferring the balance, keeping in mind the [...]

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Benefits of Using Credit Cards

02-Aug-10

The indiscriminate use of credit cards can lead to high debt accumulation, due to high interest rates that have credit cards, as well as the facilities that they provide individuals to make purchases and pay balances. However, a proper use and handling of credit cards, among other things, means to use it only in emergencies [...]

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