Which Are the Best Credit Cards?

Comparing interest rates, annual fees, introductory offers and special benefits is easy. Compare cards over the long term. A credit card that offers you 0% interest for three months but then shoots up to 30% would not be as helpful as a credit card that has a steady 9% interest rate all the time. Compare different cards and terms before committing to one company as not all offers are the same. While you may get a ton of promotional offers in the mail, it is best that you see all of your options before making a decision that is in the best interest of your financial situation.

Interest is charged as a percentage of your outstanding balance (purchases and charges reduced by payments or credits posted). Interest rates are often higher than with standard cards; annual percentage rates (APRs) on affinity cards range from 15-22 percent. Many charge annual fees, while most standard cards do not. Interestingly, but 50% of those surveyed said that they planned to give gift cards. The truth is that practical gifts have never been so popular!

Interest charged could exceed the low payments your provider suggests, and you could see the debt snowball as your credit card provider profits. Balance transfer credit cards allow you to consolidate debt that is spread across several credit cards onto one card. The best credit cards in this category feature 0% APR for an intro period from 6 to 12 months. Balance transfer with zero APR for first nine months. After that period, it can be waived with at least nine purchases in a year.

Take time and search through these credit card offers and apply for the one that best meets your needs. Student’s credit cards are aimed at those with fair, bad or no history. These cards will help students improve damaged scores or even build credit history from scratch.

Bankruptcy destroys credit ratings. This can make getting credit cards difficult. Travel credit cards or a prepaid travel credit cards are products that most credit card companies offer. The travel credit card allows you to earn points when you use your card for purchases, which makes for the best travel credit card. If you carry a balance from month-to-month, you’ll pay less on interest charges over time.

Fees, such as balance transfer fees, cash advance fees, over the limit fees, and late fees, can really put a big dent in your budget. Choosing a credit card with low fees from the get go is one of the best moves you can make.

Basically, you divide the interest rate into 72 to see how long it will take for the debt to grow. If you are being charged at 12% your debt will double every 6 years (72/12=6). Cash-back and other value additions score over insurance when it comes to valuing adds. Cash back credit cards give you money back for each transaction and are offered by some credit card companies. How much cash back you will get per transaction is determined according to your credit rating.

Debt is NOT your friend before a failed application will also have a negative impact because of it will make to obtain credit. Debt is mushrooming at a surprising velocity, and a growing portion of people found their balances growing larger and larger. You’ve exceeded credit limit as you don’t want to find yourself. You are nearing it for it is Traveling to other countries and the credit card company is regarding the limit. You’ve got your own credit card per you have any bills on you have to prove you’re and It is showing your previous records with you might be qualified for lower rates.

Add in an economic downturn and people who have traditionally been able to avoid stress in the past are suddenly bogged down by it. From depression to sleepless nights and anxiety attacks, there are plenty of stress effects that can show up in a physical form in the body.

Check the payment option and guidelines on your bill. The best method of avoiding late fees is to set up a direct debit for the minimum payment each month. Check each section carefully for any errors. Note any errors you may discover on a separate piece of paper as you read over your report.

The Way Insurance is Changing With the Times

Almost every state in US calls for the need of an authentic insurance coverage, while you intend to drive the vehicle, whether it is a car, or any SUV. The general aspects of Insurance Coverage include:

-Liability Cover against Bodily Injury. If a car driver knowingly or unknowingly hits any pedestrian, or any other person in any other vehicle, the injured person can sue the driver to recover medical and rehabilitation expenses and any damages thereof. The insurance coverage offers $15,000 to $30,000.One person injured paids upv to $15,000. Per accident is up to $30,000.

-Liability against Property damage. If damage to property is done in an accident, then, the driver is liable to pay the property owner certain amount as written in the Insurance coverage. Many states provide $5,000 worth of Insurance Coverage, whereas, some of the standard policies also dispense higher insurance coverage ,but is limited to $25,000.

-Coverage for Medical Reimbursement. Irrespective of who’s caused the accident, or who was at fault, the medical benefits covered under the auto insurance policy offers facility to both the car driver, as well as injured to get their injuries treated. Generally, in many states, a car owner buys $5,000 of medical auto insurance coverage. However, in many of typical cases, a car owner can also purchase medical auto insurance coverage worth $ 10,000. No deductibles are charged on this insurance coverage.

Still there are many other types of auto insurance coverage, which though not required, are otherwise necessary. These include:

-Coverage against Collision Damage. This coverage entitles the car owner to repair any kind of damage caused in the accident. It is a no-fault coverage. Usually, the auto insurance provider will provide you with a $500 deductible, if not, you have specified the amount. Remember, Higher your deductibles, lower would be the premium amount.

-Coverage against Thefts and Other Hazards. This car insurance coverage would provide you safeguard against any kind of car theft, or hazards such as fire, flood, vandalism, or animal collision. The best thing of the coverage is that you decide your own deductible.

-Coverage against Uninsured/Under-insured Motorist. If a pedestrian is hit by a car driver who is not insured or the insurance amount is not sufficient enough to cover the damage costs, in such an event, the coverage proves very useful. Under the coverage, the injured person would also be entitled to reimburse medical bills, lost wages, besides, trauma.

Optional Car Insurance Coverage also includes:

-Extrinsic Medical Coverage — This coverage provides $1 million insurance, and is utilized if the medical and rehabilitation expenses surpasses insurance policy.

-Loss in Income – This coverage entitles the insurer an amount equivalent to take-home pay, in case you are rendered unfit as the result of accident. This coverage is over and above disability insurance coverage will take over.

-Funeral Coverage — Maximum limit of $2,500, in case car owner or any of family member expires as the result of car accident. The cost the coverage is about 50 cents
per $1500 worth of insurance.

-Coverage for Rental Car Replacement — A minimum amount is allocated on daily basis, should your automobile is under repair as the result of accident.

-Coverage for towing and other labor costs — The coverage costs at less than $5 a year.This for if you break down as a result of a flat tire(s), out of gas, or your car needs a jump start, or most anything that may occur.

The way insurance has changed

Auto insurance coverage is a significant aspect of your vehicle. It offers complete security to you, your family and your beloved vehicle. The insurance policies across country keep changing with times. Prior to 1980s, the common question which car buyers often asked to themselves was — Is the car affordable for me? But things changed marvelously after 1980s, and the question has transformed into — Can I afford the car, and on it, will I be able to afford auto insurance?

The auto insurance companies decide which car insurance policy is to be sent, and to whom. Remember! Every car insurance policy differs from the other and this difference is the result of thought process of auto insurance company.

As per the statistics collected and analyzed by auto insurance experts, on an average a household in US spends $7,500 over a 10-year period in auto insurance alone, and out of which, he or she claims approximately $500.00.One begins to wonder.

Different modifications and changes are making the headway in a car insurance market, and which can further affect you in any of the following three ways:

-The nature of sale of auto insurance is changing with times. Earlier, an insurance agent, working under an individual or a stand alone company or a conglomeration used to dispense the insurance policy. It was only during the early 1990s, that insurance companies started to dispense the policies directly to auto insurance holder. An insurance agent, on the other hand would charge 15 percent commission upright, and another 12 to 15 percent commission on renewal. The insurance commission was utilized by many other insurers in buying extra insurance coverage.

-Many states in US often change and regulate the sale and use of auto insurance deals. Every state appoints insurance regulators to keep a close watch on auto insurance coverage, based on two factors namely, rate setting and claims disbursement., the auto insurance companies have built up the reputation of not even dispense legitimate insurance claims, and this has resulted in wide amount of distress among the consumers. It is also felt and observed by insurance commissioners of different states that most common complaints concerning the auto insurance is claim handling.

No Credit Check Credit Cards – An Economical Aid Or a Drawback?

It is a well known fact that the world is undergoing a rough financial situation nowadays. The international financial crisis has a global impact, leaving hundreds of people out of work every day. The people who were once in a good financial situation are now undergoing economical hardships and find it difficult to obtain a credit card.

In these cases, a no credit check credit card seems like the best way of getting back on your feet. The companies that offer them will provide you one of these also known as pay as you go credit cards and highlight their pros. They will tell you that you do not need a credit check or bank account to get one of them.

So you will probably wonder what is it that you do need to get a no credit check credit card. The answer is money, which is ironic since that is what you do not have in the first place. Getting a no credit check credit card requires an initial payment to buy the card, but as time goes by you will find that you will need to pay for a lot more.

There are extra fees for every transaction you make with your no credit check credit card. The point is you will be paying for using your own card, for the privilege of spending your own money. Sounds funny, doesn’t it? You will find yourself struggling to find extra money to pay for these fees every time you decide to do something as simple as going shopping.

Basically, these cards will provide you no benefits over a debit card; it is the same, but with a little difference: you pay more with no credit check credit cards. Pay as you go credit cards offer you an illusion, the idea of having a credit card makes you feel like you do not have as many economical issues as you do.

Do not let yourself be cheated by these companies. If your main problem is debts, no credit check credit cards are not the option for you. You will end up acquiring more debts just to try to pay for the credit card fees. There is no point in this at all. These cards offer you no advantages or benefits whatsoever.

Also, there is the common knowledge that using no credit check credit cards can help you rebuild your credit score. However, this is not true. As a matter of fact if you chose one of this cards instead of the regular ones that can worsen your credit score.

So be smart and get one only if extremely necessary, that is, if for some reason you cannot obtain a debit card. Remember that if you are looking to stay away from debt and spending extra amounts of money, no credit check credit cards are not the right choice for you.

Credit Card Usage – To Use Or Not to Use a Credit Card?

Credit cards are a convenient form of credit and often provide an edge over other forms of payment. They save you from carrying around large amounts of cash and allow you to easily purchase products and services online, over the phone and even on your travels. On the flip side, there are times when cards usage should be avoided to ensure unnecessary interest payments do not get out of control. In this article we will cover when is the right time to use a credit card and also situations where credit card usage should be avoided.

So when is the right time to use plastic?

Paying for goods and services online is certainly much easier with the use of a card but better still; some credit cards will even help protect you. When purchasing online, you can obtain product protection and extended warranties with certain credit cards. This is great peace of mind, especially in a world where many people are still developing trust in regards to making purchases online.

Travel is another great example for the right time to use a credit card. Imagine you are tired from a long haul journey, you’re carting a heavy suitcase around, your kids are hungry and the map you were given is about 10 years out of date – you’re lost in a foreign city. The last thing you want to be worrying about is dealing with a foreign currency to book your hotel room. Both MasterCard and Visa are global brands and recognised in most countries and make life a lot easier when travelling abroad.

Emergencies – let’s face it, we all have them and they always seem to crop up at the most unfortunate of times. Your hot water system blows up, your car tyres need urgently replacing, the garden fence blows down and your insurance policy does not cover it. These things do happen and it’s comforting to know that with a credit card, you won’t be left stranded until your next pay day. When the emergency is over and you’ve found your feet again, try to pay off your credit card as soon as possible to avoid excessive interest payments – or at least switch to a low interest rate card.

When not to use a credit card

Credit cards are a great convenience in our everyday lives but it’s important to use them wisely so they do not become a problem or source of worry. Some situations, as mentioned above, are unavoidable but where possible we have listed situations where you should ideally opt for an alternative payment option.

The biggest trap to avoid is withdrawing cash at ATMs. Most cash machines will let you draw out cash using your card but this can lead to disaster. Cash withdrawals will attract a fee of a small percentage of the amount you withdraw and advances are also usually charged at a much higher rate of interest than purchases. If this is your absolute last resort, tread with care. The best possible scenario is always to withdraw cash from a debit or savings account where the money is already yours.

Impulse spending – most of us are guilty of this and often live to regret it or hasty decision. Often what seemed like a good idea at the time can end up costing you in interest payments so think twice before committing to a purchase. Sleep on it over night or even leave your plastic at home if you are going shopping without a specific purchase in mind.

Paying your bills with a credit card is often easier than physically going to the post office, but it’s only a good idea if you are 100% sure you can pay your bills off in full the following month. If you are using your card to pay bills because you can’t afford to pay by other means, now is a good time to seriously look at your personal financial situation and seek help.

Finally, don’t pay off other debt using your credit cards. Credit cards are not the cheapest form of borrowing and unless you are looking at consolidating debt by transferring to another credit card provider on a 0% balance offer or low interest card, you will find yourself in trouble. If you need to borrow a substantial sum of money, a loan may be a cheaper option.

Credit card usage really comes down to common sense and your own individual circumstances. Try to keep borrowing to a minimum, keep a level head and remember that when used wisely, credit cards are your friend.