Research : Determine the type of credit card that suits you best. Determine your plan for using the credit card. There are different types of credit cards. Here are some examples:
- Default Credit Card Would you like to increase your monthly purchasing flexibility with your card? You may be tired of handing out money or ATMs every day. This credit card is not secure. In other words, you do not have to pay a deposit to prove that you can pay your debt.
- Compensate for the credit card. Do you want to be rewarded by a specific store, a gas company or an airline so you can use points for clothes, miles or vacations?
- Corporate Credit Card Do you need to set a credit limit for new small businesses? Commercial credit cards have special bonuses that homeowners can attract.
See rates and benefits. Which card can determine the most appropriate card for your interest rate and the specific benefits of the business. There are many things to keep in mind.
- Annual costs: Many companies charge between $ 15 and $ 50. When certain balances are transferred to the card, these fees may be canceled due to frequent use of the card, sometimes for deposits!
- APR (APR) - APR is the cost and interest paid on the principal of the loan. If you pay $ 500 and the commission and interest pay $ 50, the APR is 10%. The APR may be a "fixed" or "floating" interest rate (fluctuating).
- Grace Period: The time the transaction is posted to your account and the interest has been billed. Unless balance, this is usually 25 days after the billing date.
- Due date and account and account setup costs: Most companies charge (late) and overdue (expired) commissions, but companies rarely need to charge their account.
Understand your credit score. Your credit score is up to 900 and is rated from 300 to 900. This number is used to indicate the credibility of a person or the likelihood of repayment of the debt. 650 is the "average" credit score, 700 or more is considered good, and less than 620 is considered negative. Your credit score affects your ability to obtain a credit card.
If you have a credit card, it is better to spend more than it costs. Research shows that people who use credit cards spend more money than people who use money. [3] Scientists believe that real money is fundamentally different from the actual real money experience later in life.
Scientists also know that people who buy laptops with credit cards have less to bear the costs of those who pay for the same laptop. Finally, scientists do not have to say that buying a credit card gives you the opportunity to buy something that you can not afford. This is not necessarily a bad thing, but it can have catastrophic consequences for people who are financially irresponsible.
Find the credit card information you want to apply. Look for a paper version of an online application or a request for information on interest rates, interest-free periods, fines and bonuses.
Online Customer Service Search Customer Credit Cards. The concise information that a public credit card company can be very different from the main story that people actually deal with the actual credit card companies.
Check the prices of the other cards. As mentioned above, a few miles from the credit card can be used for flights and other prices. However, some credit cards only give reward points after spending a certain amount, so the transaction is slightly more complicated.
According to the federal government, about 46% of US households have credit card debt. Because those who subscribe to the rewards program spend more money than credit card users who do not have the rewards program, it is best for heavily indebted individuals to opt out of the rewards program.
Credit card decision
Check the payment date. Some credit cards are fully payable, other credit cards are paid once a week and other credit cards are paid once a month. If you know that your term has expired, forgetting the due date will affect the amount you pay and it will affect your creditworthiness.
Find all the information you need to apply. Find out what kind of information you need to collect, such as your driver's license number, your civic service number, your business phone number, your old address, and your advice. Some credit cards require only a minimal amount of information, such as name and ID number, but other credit cards may have a wider range of applications and require more information.
Consider how you can apply for a credit card. You can open the application in different ways. What is the urgency of your credit card? Determine whether it is easier to register online, directly or via a copy of the postal service request. Some people make immediate decisions, such as online applications and face-to-face applications, while sending applications may take several weeks to process.
Make sure all the information provided is correct. Many people do not fill out a credit card application without checking the information they fill. Make sure everything is correct. Otherwise, your request may be rejected. This is one of the most common mistakes people make when submitting credit card applications.
If you take it, take your credit card with real money. Set a limit for using the card, such as "I only use this credit card to pay for gas, the normal cost of the stay and meals" or "I buy my ticket with this credit card" . I am responsible for the map. Good and irresponsible - unpaid payments, taxes, costs - and your credit card will be detrimental to you.
