7 Ways Credit Cards Can Be Good For You

7 Ways Credit Cards Can Be Good For You
By Jerry Work

You read a lot these days about the debt crisis in our country and how many people have way too much credit card debt (often, on top of house payments they can’t afford). I’m going to take a little different approach in this article. Yes, if you let them get control of you, credit cards can cause you much grief. But if managed properly, credit cards can be beneficial to you. Here is my list of the top seven ways that credit cards can be good.

1. Credit cards provide security in case of emergencies. There are going to be times in your life when you have to make an emergency payment. Or maybe it’s not an emergency, just something that needs to be paid for which you absolutely don’t have the money. In these instances, having a credit card can be a life saver.

2. They can help you build your credit rating. Of course, they can also help you ruin your credit rating. The key here is discipline. You must make it a priority to make timely payments on your card. Don’t be late a single time. Paying your bills online may help you stay on top of things.

3. Credit cards travel light. They mitigate the need to carry excess cash. It is much more convenient, and safer, to walk around with a credit card in your wallet than it is a lot of cash. You are much less likely to get mugged over a credit card than cash.

4. They can be canceled. If you lose or have stolen a credit card, you can call your credit card company and cancel the card. No harm done. Try doing that with cash. It just doesn’t work. Who would you call? Cash is what you might call a bearer security – whoever has it in his hands, owns it.

5. They give you flexibility. Credit cards give you the ability to make a purchase now and spread payment out over time. Unfortunately, this feature of credit cards is what gets most people in trouble. You are best served by exercising great discipline when it comes to buying things that are not necessities.

6. Credit cards can generate rewards. These can come in all kinds of different forms. Some credit cards give cash back. Some give airline miles for reduced or free flight time. Some let you earn free stays in hotels. But don’t get caught up in using your credit cards just to earn rewards. You’re better off using your card lightly and paying your balance every month than you are spending more than you can afford just go get a reward.

7. They can provide you with business funding when there are no other sources available. Many businesses have been started with credit card debt. It’s definitely not the cheapest form of financing, but it’s there if you need it.

So there you go – seven reasons why credit cards can be good for you. There was never anything inherently bad about credit cards. The problem is that people get carried away. It is very easy to forget that you are borrowing money when you use your credit cards. Debt is best left for times of emergency or when making major, important purchases. If you maintain your discipline, your credit cards can be very strong allies. If you find yourself crushed by credit card debt, then it might be time to consider a consolidation loan, in which a loan is taken out to pay off all of your credit card balances. Once that is done, forget about using your credit cards and just concentrate on paying off the loan.

ClearOne Debt Relief is a full-service debt management company providing debt settlement services such as credit card debt relief to hundreds of thousands of customers. We help people cut their debt in half, lower their monthly payment, and get out of debt in as little as 24 months.

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Citi Credit Cards: A Look At The Top 4

By Ed Vegliante

With all of the credit card offers available to the public, consumers often have a difficult time choosing the one that’s right for them. Citibank, one of the leading credit card companies in the United States, has a variety of cards from which to choose. I will now highlight four Citi offers for those trying to decide which card is the right one for them. I picked the following Citi credit card offers to highlight based on their popularity on my website, www.credit-card-surplus.com. Read on for information about the top four Citi credit cards.

Citi Platinum Select Card

One of the most important factors when choosing a credit card is security. With identity theft on the rise, consumers need to take extra precaution to ensure that their financial and personal information is secure. The Citi Platinum Select card is a great choice for safety-conscious individuals because it comes with a photo and signature option on the front of the card and Citi will temporarily block your card if strange activity is noticed.

The Citi Platinum Select card has no annual fee and 0% APR on purchases and balance transfers for the first twelve months. This means that you can consolidate your debt by transferring balances from other credit cards onto the Platinum Select card and be relieved of paying interest for one full year . There is also no balance transfer fee for the initial transfers. And if you’re in a hurry to get a decision, you can apply online and get an instant response. I recommend this card to anyone who wants top security in their credit card and who doesn’t want to pay an annual fee.

Citi Dividend Platinum Select Card

Rewards are a major factor when trying to find the right card. If you plan to use your credit card for everyday purchases – such as groceries and gas – then a reward card will give you more benefits than a standard credit card. Citibank offers the Citi Dividend Platinum Select card, which also has no annual fee and 0% APR on balance transfers. You can consolidate your debt while earning cash back on all of your purchases.

When you use the Citi Dividend Platinum Select card, you get 5% back on purchases at supermarkets, drug stores and gas stations. With all other purchases, you receive 1% back. I recommend this card to anyone with balances on other cards, and anyone who uses their credit card regularly. If you’re going to pay with a card, you might as well earn cash back.

Citi PremierPass Card

This is another reward card from Citibank, but it’s approached from an entirely different direction. Citi has implemented something called the “Thank You” program, which allows customers to earn points when they use the card. The points can be redeemed later for merchandise and airline flights.

Again, this card has no annual fee, which means that you don’t have to pay to use the card. When you use it to buy airplane tickets, you earn Flight Points, and when you use it to buy other goods, you earn Spend Points and Purchase Points. As soon as you make your first purchase, Citi gives you 15,000 bonus points, which is a great way to get the ball rolling.

Citi Diamond Preferred Rewards Card

Another favorite Citi card is the Citi Diamond Rewards card. The structure is very simple, and the card rewards you for spending money on everyday necessities. When you use the card at supermarkets, gas stations and drug stores, you receive five points for every dollar you spend, and when you use it elsewhere, you receive one point on the dollar. Citi gives you 5,000 bonus points after your first purchase, which can be redeemed for a $50.00 gift certificate. It’s a great card for anyone who wants to see benefits right away.

This card carries no annual fee, with 0% APR on balance transfers for the first twelve months. This card requires excellent credit for approval, but it has a low APR for a rewards card. I recommend this card to anyone who needs online support and who uses their credit card to pay for everyday purchases.

Now remember, whatever Citi credit card you choose, make sure you understand the terms and conditions, and use your credit card wisely.

About the Author: Click here to find Citi Credit Card Offers. Ed Vegliante runs http://www.credit-card-surplus.com/, a credit card directory helping consumers to compare and apply for credit cards.

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What You Need To Look For In No Annual Fee Credit Cards

By Morgan Hamilton

Credit card companies offer many incentives to choose their card over another card. One way they try to do this is to lower or eliminate fees, as in no annual fee credit cards. An annual fee is basically a service charge the credit card company makes to a person’s credit card every year. It is like the credit card company charging the person for using their card. So no annual fee credit cards basically offer a person a free credit card.

Many times the annual fee is used to make up for savings on other fees. For example, many card companies offer low interest rates, but charge a higher annual fee. Other times the savings on cards with lower interest rates are void when one figures the annual fee into the equation. Many people are starting to catch on and are now looking for these low annual fee credit cards.

To find a good no annual credit card a person should compare a variety of no annual fee credit cards. By comparing they can find the card that will cost them the least amount. Many times credit card companies wave the annual fee for a certain amount of time or they raise interest rates to make up for the loss of the annual fee. The main things a person should look at is how long the no annual fee applies and how much it will be once the no annual fee time period expires. This could mean the difference in saving big or losing big. It is important to look at a variety of cards to get the best deal.

No annual fee credit cards are best for a person who will use their card sparingly. This is because the interest rates are always going to be higher than with other cards. A person who does not use their credit card very often will not have to pay a lot of interest and end up saving quite a bit of money. However, a person who uses their card a lot might end up paying more in interest then if they went with a different card.

No annual fee credit cards are a great deal for some people. The key to finding a good no annual fee credit card is for a person to compare different cards and understand their own spending habits. This will ensure that they get the most from their no annual fee credit cards.

About the Author: Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Get the information you are seeking now by visiting http://www.find-cards-now.com/categories/no_annual_fee_credit_cards

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Credit Cards For People With Bad Credit – Quickly Increase A Low Credit Score

By Carrie Reeder

Because bad credit credit cards include various fees and higherinterest rates, some people are hesitant to open a bad creditcredit card account. However, there are certain advantages tousing these sorts of credit cards.

For starters, if you have no credit history, bad credit creditcards are easier to qualify for. Similarly, these credit cardsare perfect for raising a low credit score.

Disadvantages of Having a Low Credit Score

There are no advantages to having a low credit score. Becausemany large purchases such as homes and cars are financed,maintaining a good credit history is essential for getting thebest rates. Credit scores are a big deal to lenders. Beforeissuing a line of credit, potential lenders carefully assess aborrower’s income and credit to judge their creditworthiness.Having a low credit score closes the door on many financingopportunities.

Reasons to Maintain a Good Credit History

If you have a good credit history, your credit options arenumerous. Because interest rates greatly affect monthlypayments, obtaining a low rate on a home loan or auto loan mayactually decrease your payments by a few hundred dollars. Inthis case, having good credit increases your purchasing power,allowing buyers to afford more for their money.

Having good credit also makes obtaining a loan approval mucheasier. Many people apply for credit with prime lenders.However, these lenders favor borrowers with a good credithistory. This consists of making regular payments, keeping lowdebts, etc. If a credit report does not meet a prime lender’scriteria, these applicants must seek alternative lenders.

Benefits of a Bad Credit Credit Card

Before applying for a home or auto loan, individuals with badcredit should strongly consider boosting their credit ratingfirst. With a car loan, bad credit persons may obtain rates ashigh as 20%. To improve the odds of obtaining a lower rate,apply for a credit card designed for people with poor credit.

Bad credit credit cards are very useful, and can help you boostyour FICO score by several points. The key to a higher creditrating involves using the credit card responsibly. With thissaid, avoid acquiring too much debt, pay bills on time, andnever skip a payment.

About the Author: Try using http://www.abcloanguide.com/ for alist of Recommended Bad Credit Credit Card Companieshttp://www.abcloanguide.com/creditcards.shtml online. Theirrecommended companies are reputable and can help you boost your FICO score.

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