Home Blog Page 3

Advantage II: “Real” credit card with payment term

0

Advantage II: “Real” credit card with payment term
Most single credit cards are a “real” credit card. This means that for the expenses you make through the card, the bank will first pay in advance and will then provide you with a monthly billing statement listing all sales.

For example, with the Barclaycard Visa, you have 30 days from the date of invoicing to pay all or part of the amount. If you balance the whole amount, there will be no interest.

But you can also only offset part of the total. Please note, however, that if an amount is still outstanding after 30 days from the date of the invoice, high interest will be charged from that date. By comparison, in the case of a checking account with a credit card, debiting of the amount from the account takes place either directly or once a month.

Advantage III: Does your current house bank offer these services free of charge?


The following extra services are for example included with Barclaycard:

Cash can be drawn free of charge throughout the world


also in foreign currency (Switzerland, USA, Great Britain etc.) without additional fees


the credit card is equipped with a chip for contactless numbers (works eg also at Aldi)


a 24-hour emergency hotline provides you with cash in difficult situations etc.


Online purchases are insured if they are not delivered
Robberies at the ATM are also insured


All these advantages can be used completely free of charge with the Barclaycard Visa and with a good payment history and direct settlement of the accumulated bills even completely interest-free.

Advantage I: credit limit of the new card

0


With a credit card independent of the house bank you receive a new individual credit limit granted with the account opening. This will be further increased with continued use and correct payment of accrued bills. This will give you extra financial resources, but of course, they should not be fully exploited. When things get tight at the end of the month, it’s incredibly practical and gives you peace of mind.

Three reasons for an independent credit card

0


There are now some good credit cards on the market that are completely free. Many are, however, linked to a new checking account and setting up a new checking account is associated with some effort.

A credit card can also be opened independently of the previous house bank. Here are three reasons / benefits that speak in favor.

crediting my

0









 

On the US side, the S&P 500 (a usefully large measure of all stock exchanges) fell 2 percent after the announcement. The Dow Jones Index fell one percent after the additional tax release. GE and Caterpillar, a well-established US company, lost 4 percent in value, as they both manufacture and sell in China. Apart from these companies, Best Buy fell 11 percent and GAP 8 percent.

 

Then oil prices fell by 7 percent because the tension between the two countries could affect global trade.

On the other hand, the Chinese yuan against the US dollar in Asian foreign exchange markets has decreased to the lowest value since November last year, the dollar against the Japanese yen against the lowest level of the last month.

Americans Feel

The Americans were hardly affected by the tax reprisals so far. But now this time they are too close to feel the difference.

 

For political reasons, taxes have so far been imposed on species that do not affect the lives of Americans. For example, rising prices of steel beams. But to further fuel the trade war, Trump began taxing consumers’ toys (Barbie, Hot Wheels), clothing (which is useful for Americans checking labels) and technology (life).

 

Apple shares also fell by 2 percent, because MacBooks, iPhones, AirPods, and so on are made in China, so they’ll be more expensive now.

 

















Trade War Reaches a New Dimension

0









 

Trade War Reaches a New Dimension: MacBooks, Barbie’s, GAP T-Shirts and More
The ongoing trade war between the US and China has reached a different dimension. Following the recent developments, markets also fluctuated.

US trade negotiators returned from talks in Shanghai this week, and US President Donald Trump was reportedly abstained from China’s commitment to “buying agricultural products from the United States” and durdurma stopping the sale of fentanyl ”.

 

As a result, China did not buy agricultural products from the United States and did not stop the sale of fentanyl, a drug. On top of all this, Donald Trump began to tweet in series as he did in similar situations.

Trump, so far covered by the application of 25 percent customs duty of $ 250 billion in Chinese products other than $ 300 billion other Chinese products will be added an additional 10 percent customs duty, he said.

















If You Pay Your Full Term Debt, You Will Not Pay Interest

0









If You Pay Your Full Term Debt, You Will Not Pay Interest

If you pay the total period debt of your credit card, you will not pay any interest. If you do not pay the period debt, you will have to pay shopping interest and overdue interest until you have paid the full amount.

 

You can pay the minimum amount of your credit card period debt to avoid paying overdue interest. However, paying the minimum amount will save you from the interest on delays, but not on the shopping interest. This is because the shopping interest continues to be operated on the debt remaining after the minimum payment.

 

If you pay your full term debt by the due date, you do not have to pay overdue interest and shopping interest. So if you don’t want to pay interest, you should pay attention to paying your entire period debt every month on a regular basis.

 

















5 Things You Need to Know About Credit Card Debts

0









 

5 Things You Need to Know About Credit Card Debts

We talked about the five situations that are most curious about credit card debts and confusion.

Using credit cards is quite common nowadays. As a matter of fact, the number of people who borrowed credit cards is quite high. Many people are now more cautious about credit card debts and are looking for clearer answers.

 

In this publication, we talked about five situations that are often curious and confusing, from minimum payments on credit card debts to shopping interest and the effect of debts on credit ratings. Here’s what you need to know.

















To change your credit card’s due date

0









 

To change your credit card’s due date, you’ll need to play with the account cut date settings. The account cut-off date is a date for issuing account statements to which you will be notified of your credit card debt. When choosing an account cut day, you must keep in mind that your credit card debt deadline will be 10 days after your account cut date.

 

You can easily change your credit card account cut day from your bank’s internet, mobile branch or call center.

















4. Change the Last Payment Date of Your Credit Card

0









 

If you are unable to pay your full term debt, making a minimum payment acts as a savior. Even if you cannot pay your periodic debts regularly, making the minimum payments on a regular basis will ensure that your credit rating is not damaged.

 

4. Change the Last Payment Date of Your Credit Card
If your salary is on the day after your credit card’s due date and you’re missing out on ongoing payments, you can change your credit card’s due date. This means that you will not miss payments by setting the due date to one day after your salary.

















3. Unpaid Credit Card Debt Damages Your Credit Rating

0









 

Contrary to common and inaccurate information, making a minimum payment will not harm your credit rating, but not making a minimum payment will damage your credit rating. The only disadvantage of making a minimum payment is that you will be charged the shopping interest on your debt until you pay the full amount in the remaining period.

 

3. Unpaid Credit Card Debt Damages Your Credit Rating
Timely debt payments are vital. If you do not pay your credit card debt on time and skip a billing cycle, your bank will notify the Credit Bureau of the record after an average of 60 days and your credit rating will drop significantly.