Different Choices of Credit Cards

Student Credit Cards

Student credit cards can help you build your credit history! Plus, enjoy competitive APR, no annual fee, access to low-rate student loans, online account access, and more.

If you use the student credit card wisely, your will be glad to have a good credit history upon graduation. Making the leap from college to the real world is going to be a whole lot easier with good credit.

student credit card
student credit card

Many organizations and financial institutions that provide student credit cards would normally require a co-signer as a type of insurance policy or guarantee. That individual will sign for the card with the student, and will be the individual the bank falls back on should the student be unable to pay back the money. Typically this is a family member or even guardian, the co-signer can be thought of as a backup and also security for the issuer of the student credit card, since they can at all times depend on the co-signer having a favorable credit record, to pay back should the student default.

Usually, the Interest rate or apr will be higher with student credit cards, which inturn helps to reduce the financial risk to the bank. The spending limit is usually different also with these cards, because nearly all are between 250 – 800 dollars. The reason behind that, is since nearly all students have not established any credit rating, and for that reason will not have a good credit score. Even though the spending restriction is clearly reduced with these cards as opposed to other credit cards, they will still help students establish credit.

You will find student credit cards applications below for American Express Blue, Platinum, Gold, Rebates, Skymiles travel for Student Most of these are low rate credit cards, and you will find that the application process is quite simple and the approval is usually instant if you have fair to good credit.

Such credit cards provide students with the liberty to splurge on anything they desire. It normally takes time to realize that you will need to have a decent credit score right from the beginning. This will assist them in the future, while getting regular credit cards or personal loans. Students additionally have to understand that good credit ratings can assist them with their employment, as soon as they complete their graduation. Undergraduates should take care of their scholarships and grants granted to them via academic bodies along with the support of these credit cards.

Cash Back Credit Cards

Cash Back Credit Cards are credit cards that allow you to earn cash rewards on purchases you make

Cash back credit cards can be a fantastic way to make additional cash for any purchases which you make. You will find credit cards which include cash back which are offering up to 5% back on just about every purchase that you make, a really great method to save some additional money. Not only are these kinds of credit cards fantastic for rewarding big spenders they will additionally have many other rewards like special introductory purchases interest rates and much more.

cash back credit card

Nevertheless, you should take notice that these types of cards are solely suggested if you pay off your credit card account balance every month, if you do not the interest which you pay out on the credit card balance may wipe out virtually any money earned. They are best for people who use their credit cards wisely.

Cash back credit cards tend to be one of the most sought after kind of credit card, be that cash rebate or reward credit cards. Now just how much a cash back card refunds, as well as precisely what purchases are eligible will be dependent on the deals which the credit card company has with the different stores. It is usual that certain cards focus on giving cash rewards for selected purchases like groceries, gas, house improvement stores, drugstores and so on.

Nevertheless you need to be in a position to settle your credit card statement in full each month, and also this will be the only method that a cash back credit card can work for you. In the event that you do pay off the credit card balance in total each and every month, in that case why not change to a cash back credit card. The cash back credit card can be an excellent opportunity to reward you for spending money.

Credit cards allow you to buy things now and pay later. They are offered by banks, retail stores, gas companies, airlines, travel and entertainment companies. They are convenient, usually supply you with free credit for 30 days and are great in financial emergencies.

Now there are a bunch of cards available which will offer you rewards back. Simply do your research; find the right card for you, and you will be saving in absolutely no time. I can certainly assure you on that one!

Take a look online at the cash reward credit cards offers below. Look for a low APR introductory offer or better still 0% APR and no annual fee.

Zero Percent Credit Cards

Completing zero percent credit cards applications is actually a fantastic way to save you some money.

Although most credit card companies offer zero percent credit cards as special offers, not all these offers are identical. Actually, a number of 0% percent credit cards offers could end up costing you a lot of money in fees and interest rate charges in the long term. Here, we will review the terms and conditions and find out how you can get the best zero percent credit cards available online.

zero percent credit card

For the credit cards companies there are many advantages to offering zero percent credit cards offers. To begin with they are a great way to attract clients or to get customers to transfer any balance from a high interest credit card, usually from a different card provider, to the their zero percent interest credit card. However they also believe they are going generate profits on these credit cards in the long term.

Please note that when we refer to 0% we are discussing an introductory offer. Absolutely no financial institution in the entire world can afford to provide credit cards while not charging interest apart from by just doing so for an introductory time period.

You will need to be aware of any fees incurred. In the event the company wishes to charge you yearly fees for example, do not accept this. In that case simply go on to another credit card company. Also you should be aware of the length of time the actual introductory period lasts for the credit card you are considering.

In addition, you need to make regular repayments so that you don’t incur late fees on the card. And also if you maintain your credit card good standing you should be able to obtain comparatively low interest rate when the promotional period has finished.

In the event that you are in a lot of personal credit card debt it is possible to quickly change from a regular card to a zero percent credit card. During the entire length of the interest only time period, all of monthly repayments can go toward decreasing the principle balance. This is a great way to reduce debt. With many other credit cards, a huge percentage of the monthly payments are applied to the actual interest. Therefore, it is difficult to reduce credit card debts.

You should utilize these zero percent credit card offers to your benefit. You have to be self-displined about how you utilize your credit card account. Understand the essential guidelines of the offer and comply with all of them. You will be thankful you did ultimately. It could help eliminate your credit card debts and develop much better spending behavior for the future.

Business Credit Cards

Business Credit cards offer incentives such as travel discounts, discounts at restaurants and saving on a variety of products such as software and other business related supplies. A business credit card has more benefits attached to it than any other type of card.

The prime reason for getting a small business credit card is for separating your private finances from any business related finances. As soon as you have a business credit card, you can begin making most of your purchases via the Web, telephone, or in person. These are taken virtually everywhere, which is fantastic for those who need equipment or supplies in a hurry.

business credit card

Business credit cards are typically business orientated and may provide savings on business travel and on shopping at business supply outlets. An additional benefit of a business card is that by utilizing it, you are demonstrating the strength of your business while advertising it also. Even someone running a home-based enterprise gain extra standing by producing an enterprise credit card.

Using business credit cards are a wonderful way to track your expenses for your small business. We are here to help you locate the best business credit card for all of your needs. Many credit cards are great for carrying a balance, while others offer opportunities to bring in miles or rewards on daily business purchases. Picking the right enterprise credit card can save you hundreds of dollars per annum.

Business cards will additionally provide you with lots of rewards also. A lot of cards will give you cash back and a number of rewards on almost everything you buy. From gasoline to supplies, you can get rewards just for utilizing your credit card. You can enhance your profit margin as well, which is usually a good benefit. If you have other staff who are sanctioned to use your credit card, you will get more rewards, and much more quickly too. This is also be simpler for your business, as your staff will have the ability to get what they need, when they need it.

Take a look online at the great small business cards offered by American Express, Visa and MasterCard. Look for a low APR introductory offer or better still 0% APR and the ability to transfer balances from another higher interest card.

We have a wide variety of credit card offers including pay online, secured credit card and student credit card links can be found on this page. Whether you are looking for a credit card with bad credit or no credit our listings will show you the way.

Airline Credit Cards

Airline Credit Cards – You can accumulate airline mileage points with purchases made on your airline credit card. You can use these points toward the cost of your airline tickets on major airlines. Some airline credit cards also feature travel rewards such as concierge service, insurance and hotel and other discounts.

Before you apply for an Airline Credit Card be sure you understand the pros and cons of such cards. If you are a frequent flyer, then an airline credit card may be the best option for you. If you do not then a regular card would be a better option as these cards usually have annual fees and higher interest rates.

airline credit card

Be sure you understand how many points you need to accumulate to qualify for free air travel. Do you your points expire if not used or is inactive for certain period? Does the card carry an annual fee? What is the interest rate? It’s important to know all the facts before you decide an Airline Credit Card is best for you.

Airline credit cards are an excellent option for business travelers or in fact, anybody that spends a lot of time flying. Some of the better cards offer benefits like converting the points into cash, hotel accommodation, first class upgrades, car rentals and free companion tickets. Another major benefit of airline credit cards is that it makes easier to purchase airline tickets.

Learn more about airline and mileage reward credit cards by checking out the airline miles card offers below. Checkout and compare all the credit card offer to find the one that best suits your needs.

Using this site you can compare credit card interest rates, features, benefits, choose MasterCard, Visa or American Express credit cards and most importantly, find out, which has the best airline mileage points.

Your Bank Card – Run it as Debit or Credit?

When a merchant asked you if you want to run your bank card as a debit or a credit, do you know what the difference is?

Here are the main differences in using your bank card as a debit or credit transaction.

bank card
bank card

Debit: You are asked to put in a personal identification number (pin).

Credit: You are asked to sign for your transaction, creating a signature verification.

Debit: The funds are removed from your bank account right away

Credit: Depending on how the merchant processes credit transactions, usually by a batch system when all credit transactions for the day are processed together, it may take a couple of days for the funds to clear your bank. Don’t always count on that though. Make sure you have the available funds.

Debit: You can request cash back. This is a great service and can eliminate the extra chore of running to the bank to get cash. It is also a great money saver if you are out of town and there are no branches of your bank around. Instead of using your bank card at another bank’s ATM and getting charged a service fee, you can just use it at a local retailer as a debit transaction and get cash back.

Credit: You cannot get cash back

Debit: The fee paid by the merchant is usually less on debit transactions than on credit transactions.

Credit: The fee by the merchant is usually more and the banks get the majority of the fee.

Debit: Some banks charge a fee every time you use your debit card. Personally, if my bank did this, I would switch banks because most banks do not. Those that do are trying to get you to use your card as a credit because they make a lot of money from credit card transactions.

Credit: Your bank will not charge you a fee.

Debit: You have less protection on a stolen card than you do when you run it as a credit. Government regulations require debit card issuers to set a maximum liability of $50 if the debit card is reported lost or stolen within two days of discovery. Liability increases to $500 if the lost or stolen debit card is reported within 60 days. If you fail to notify the bank of the theft within 60 days after a bank statement is sent, you could lose everything in your checking and overdraft accounts.

Credit: You are protected from liability by the same laws which protect credit card users. If someone steals your card and you report it, you will not be liable for their credit transactions.

Debit: You must deal with the bank’s mediation process to handle disputes.

Credit: You can take advantage of the credit card company’s mediation process to handle disputes. This tends to carry more weight and have better results than your bank’s mediation process.

Debit: There is usually a daily limit applied to debit transactions so if you are making a large purchase, your card may be declined, even though you have the funds in the bank.

Credit: There is usually no daily limit.

As you can see, there are pros and cons to running your bank card as a debit or a credit. The choice is up to you on how you chose to make your transactions. The good news is that you don’t have to decide on one way or the other for all your transactions. You can switch it up per transaction, depending on your needs at the time of your purchase.

The Advantages of Using Prepaid Debit Cards

Everyone occasionally comes across a situation where they need a credit card; unfortunately, with today’s economy, many people find it difficult to secure a line of credit. When a person doesn’t have access to a credit card, it can cause havoc in their life.

prepaid debit card
prepaid debit card

Many companies are now offering a solution to this problem. If you can’t get approved for a traditional credit card, prepaid debit cards function in a similar way. Lots of people got hurt financially during the market crash of 2008, and prepaid debit cards help them function in a world where credit cards are a necessity.

The great thing about cards like the Kaiku prepaid debit card is that you can walk into a store and buy one; these cards can be used just like credit cards after you buy them. You can simply buy a card, load it up and instantly start making credit card purchases.

Prepaid debit card users love them because they never cause people to go into debt. You never spend money you don’t have when you use a prepaid card. When you use a real credit card, you spend money you don’t have; this causes lots of people to get into financial trouble. If you sometimes have a problem managing money, then a prepaid card is the right choice for you.

Buying a prepaid card is an inexpensive way to get access to the perks that come with traditional credit cards. A person can load up their card in just a few seconds. When they use it, they don’t have to worry about going overboard and spending money that they don’t have.

Why Do You Need Cash + Credit Card on Long Travels

Planning for a trip, particularly a long one, is very important to ensure that your travel is hassle-free. Whether you’re travelling for professional or personal reasons, a well-planned trip prevents complications and makes sure you achieve whatever it was you intended to achieve on your trip.

cash
cash

Crucial to every travel plan is the financial aspect of your trip. How are you going to deal with the expenses of going around those tourist spots? Some people prefer carrying cash, while others prefer using their credit card. The ideal way of funding your travel is having BOTH. Carrying a specific amount of cash as well as your credit for long travels is the ideal thing to do because of multiple reasons.

Flexibility

By having two different modes of payment on you at all times, your purchasing options are not limited. Cash is always handy for small purchases as well as paying for bus fare and other travel expenses. Carrying a credit card with you, on the other hand, allows you to spend your cash only when necessary as you can use credit to make larger purchases or pay for meals. While this option isn’t necessarily cheap, it’s convenient, and allows you to properly manage your cash and credit card purchases more wisely during the duration of your trip.

Security

By having both a credit card and cash during your trip, you have the piece of mind that comes with knowing that even if unpleasant things like having your stuff stolen or getting into medical emergencies happen, you have enough means to support yourself. In the unfortunate event that you fall prey to a pickpocket, something that tourists tend to be a victim of on a semi-regular basis in certain parts of the world, having both cash and credit card will be beneficial to your safety. Most thieves will be satisfied with just getting to your cash and will likely leave you alone afterwards. Credit cards are secured so in the event of a stolen wallet, reporting and replacing it will be easy. In essence, any unforeseen circumstances can be faced by being prepared, and carrying around more than one way to access funds is being properly prepared.

Savings and Rewards

Using cash during your travel is a great way to save. You avoid having to pay specific fees by shelling money out for purchases with cash. Credit cards, for the most part, have a rewards system in place if you use the card frequently. These rewards vary from cash backs to frequent flyer miles to freebies.

By traveling with both cash and a credit card, you take full advantage of the benefits of both while avoiding the cons that having each of the two exclusively brings. Cash limits your purchasing power, depending on the amount of actual cash you have on hand. Cash is also very easy to steal, and it’s a very likely scenario to be in a strange land without any money at all if you get all your cash stolen. Credit cards, on the other hand, are costly, because of the aforementioned fees. Cards also make it more difficult to shop, as not all stores (especially the small ones) accept credit cards as a method of payment. Having both cancels each other’s disadvantages out.

In all aspects of life, it’s always good to have options. Having options means more flexibility, security, and advantages. It gives you a chance to make decisions based on what’s best for you in a specific situation. Whenever you’re planning on going on a long trip, do not restrict yourself to carrying either cash or a credit card—especially when carrying both yields so much positive results.

What Sort Of Credit Card User Are You?

Flashing plastic is an easy way to pay but if not managed correctly it can lead to a number of money issues. However, that’s not to say that people don’t love plastic credit and there have been steady increases in spending on credit cards over the last three months to March in the US.

master credit card
master credit card

This is something that was unforeseen, mainly because the post-Christmas rush sees a decline in credit card spending for obvious reasons. That said, there have been a number of reports in the US which suggest that the amount of people carrying a large balance on their cards has dropped.

We’ve compiled a number of different credit card behaviours and the sorts of people who act in the specific way. Which do you fall into?

Smart Spending

These are the people who keep their card balance to credit allowance ratio low. These people keep a low percentage of credit used to credit available – usually below 30% – to prop up their credit scores.

These people are also inclined to pay all of the balance off each month and are quite confident that their financial decisions will carry them through poor economic times. They are able to weather financial storms thanks to their nest egg.

Overly Cautious

These people have often had a torrid time during the financial crisis and ended up hurt by lowering lending rates. They may have had high credit utilisation rates at one time, but nowadays are extremely cautious with their cash. They’ve changed the way they utilise credit and don’t like to spend more than they have to, enjoying sticking to a budget.

Credit Carriers

These are the people who have learned how to manage their balance and pay as little interest on their credit as possible by carrying it to a low interest loan. These people have figured how to revolve with their card to lower tax. They are also well aware that paying more than the minimum will help lower their credit utilisation rate. This helps them maintain a good or even excellent credit score and continue this smart revolving of credit.

Rookie Carriers

These people don’t know much about personal finance and don’t pass heed of interest rates or credit scores. They often get into serious debt but seldom know why they do. They are usually younger and haven’t a massive amount of experience in this area. Many are still owed a lot of money from missold PPI claims, while others often need to use payday loans to make ends meet.

However, they should learn to balance the books and pay a little more heed to financial advice as it can help them significantly in the longer term.

These are the four different sorts of card users – which one do you fall into?

Steve Ball loves to advise people on and write about personal finance – he has done so for a variety of great blogs

How To Make Your Credit Card Work For You

Credit cards are a responsible means of money once you remain informed and respectful of them. To help you in your quest, we’ve compiled a list of great credit card tips to ensure you don’t.

credit cards
credit cards

Knowledge is Power

Knowing the sort of card that best suits you and what you can expect from your card is so important and can really mean a card is a friend or a foe. Of course, the card you get is down mainly to your history – so, we’d advise you to pull your credit history first and take a look. This will show you how likely you are to get the card you wish.

Credit Reports

Credit reports offer a good idea of what you can expect from your application, however they’re not always right and with a little bit of work you can change things around to suit you. Check for mistakes on your credit report and contact the company if there are. These factors, though not true, may still affect your score and rectifying them is something that must be done.

Benefits

Depending on the credit score you have, you now have a choice of card. Credit cards with benefits and free perks can be ideal for some, whereas low interest rates and long days of interest free fees are perfect for others. Decide on what card could be best for you.

Compare

Even when you choose a card that’s within one of the brackets – low interest, perks or a card for those with poor credit, you should then compare different products within that sector. There can be a significant difference and all is not often as it seems, meaning you should be careful to compare credit card benefits. For instance cards with low APR may seem appealing, but may have high late fees and this can cause problems for some who thought they were getting a good deal. In short, read the small print.

Use it

Credit cards can be used to your benefit and by being extremely responsible and paying off your balance in full each month; you quickly increase your credit score. It also ends up saving you money on interest rates. Be sure to always pay on time and if you’re forgetful set up a direct debit to pay off the card. Finally, don’t go over or near your limit as this will really affect your score.

Monitor

Check your card regularly. Most providers allow you to do so online in an easy manner and this can allow you to keep tabs on your card easily. Take care of details too and don’t access by public computer and don’t give details out to unsolicited calls or emails. If you do notice a problem contact your provider and the police – it’s better to be safe than sorry.

Trouble

If you do end up in trouble then contact your creditor. It’s better to be responsible and often creditors set up temporary payment plans until you get back on your feet. There are also a number of non-profit advisory services that can help.

By taking heed of this advice you can go a long way to making a card work for you.

Low Or Zero Interest Credit Card Balance Transfer Questions

When you are considering transferring the balance of a debt to a low or zero interest credit card there are some very important questions you need to ask first. Do not allow the excitement of possibly paying off a debt ahead of time cloud your judgment. Once you have transferred your balances, you may not be able to move them again.

credit card
image source

What is the lowest interest rate, and do you qualify for it?

If you already have credit card debt you may not qualify for the lowest interest rate. Your FICO credit score is also taken into account by credit card companies, if your credit score is below 700 you may not  receive the lowest interest rates.

How long does the low or zero introductory interest rate last?

The normal time period for a low or zero introductory interest rate to last is six months. Some may last a year, and rarely you may find one that lasts the lifetime of the transfer. It’s best to consider whether or not you can actually pay off the transferred amount during the initial time.

What will you have to do to keep the low rate through its scheduled time?

There may be requirements you must meet to keep the offer going through its entire schedule. You may have to make at least one purchase a month, or never be late on a payment.

Does new purchases have the same interest rate as the transferred balance?

Do not assume that new purchases and transferred balances will have the same interest rate. Sometimes, new purchases fall under a higher interest rate, leading to a larger monthly bill. It can knock the feet out from under even the best financial plan. You should also know that your payment will typically pay to the balance with the lowest interest, leaving higher interest items to accrue on your bill. However, new purchases may have a longer grace period before they start accruing interest.

How is the average balance on the account figured?

If the company figures interest on a two-month average it will be an accumulation of the current billing period and the last period. This means interest is calculated on a daily average over two months, if you carry a balance you can lose the grace period on new purchases.

What is the best way to transfer a balance to the new card?

There may be several options open to you when transferring a balance to a new credit card, such as convenience checks or cash advance, each one may have different rates. You may even receive a number of convenience checks, each one having different terms and fees attached.

What measures does the credit card company take to protect your private information?

Identity theft has become an ever-increasing problem over the last few years. Your credit card company should be on top of protecting your personal information. Make sure that the company will notify you immediately of any problems.

Laura Ginn advises everyone to take the time to sit down and learn about each of the 0 interest credit cards you are considering. Call the companies offering the cards and ask them these questions, and any other questions that you have. Do not hastily rush into a new credit card simply because of flashy-brochure promises.

Use Zero Interest Credit Cards To Pay Off Credit Card Debt

Getting a new credit card to pay off your old credit card debt might seem like chasing fool’s gold.  But a new zero interest credit card can help pay off old debt efficiently. Here is a method that can help you get out of the vicious debt cycle with a little discipline and the desire to help yourself.

credit card debt

How Zero Interest Credit Cards Help

Many major credit card companies offer zero interest credit cards to attract new customers with high debt who want to transfer it to a new account at lower interest rates. This helps the companies to build a portfolio of accounts with paying customers. The customer benefits by transferring high interest debt to new 0% credit cards, and then paying it off in a shorter time frame without having to contend with exorbitant interest costs or fees.

How To Find Zero Interest Credit Cards?

Look for credit card companies offering zero percent interest balance transfer programs and open a credit card account with them. The offers on the cards will vary. Look for companies that offer introductory 0% interest rates for the longest period as this will give you longer to pay your debt.

You should be aware of when the regular interest rates will kick in. Many companies will then charge you much higher rates, which will be detrimental to your debt burden if you haven’t paid off your outstanding balance during the interest-free period.

Once you have opened an account, transfer the outstanding balance to your new card. The amount of debt that can be transferred must be within the credit limit of your new account. Once the transfer is made, you must aggressively pay down as much of your credit card debt as possible during the 0% interest phase. The amount you save by way of lesser interest rates can also go towards paying off the debt.

If you still are left with a considerable amount as unpaid debt on your card, then consider opening another zero interest credit card account and execute another balance transfer to the new company.  Repeat the cycle until you are debt-free.

When Should You Open A New Account?

Typically a zero interest credit card offer is only a limited-time marketing gimmick which gives you an opportunity to get out of debt faster. Of course there is a catch. A balance transfer fee is levied when you transfer debt to your new account. The standard fee charged is 3 percent. This varies by company.

Before, plunging in to these 0% balance transfer schemes, it is important to analyze if what you save by way of interest rates on your debt will make up for the 3 percent transfer fee. If you are paying high interest rates on a large credit card debt, then the 3 percent fee is relatively small. But for smaller debt amounts, and when you enjoy low interest rates, this type of transfer does not make sense.

Another point to consider is whether you can pay off your debt within the promotional period. If you have a sizable debt, this may not be possible and your outstanding balance will attract regular interest rates which can be steep.

For people struggling with a large credit card debt burden and high interest rates, zero interest credit cards are a huge opportunity to claw their way out towards financial freedom.

This needs discipline, planning, resources and commitment to pay off the debt in the shortest time possible. Ensure that you are timely and prompt in your payments and do not default on any agreements with the new company.

Laura Ginn advises people to stay away from the impression that there are endless 0 interest credit cards out there. Easy money and easy credit are long dead.  That said, if you can find one that meets your needs you will definitely find it beneficial.

Shopping Online With A Credit Card? Know Your Rights!

Credit cards can be a sensible way to shop online, particularly for more expensive purchases. This is because they offer protection should something go wrong or you change your mind.  When buying things online, using a credit card is often a better option than a debit card. Section 75 of the Consumer Credit Act 1974 states that the credit-card provider and the supplier are both liable if there is a problem with your purchase. So, for example, if you order an item from a company which goes bust and your item is never delivered, you are entitled to have your money reimbursed by your credit-card company.

chase credit card
chase credit card

What You Need to Know

To get a refund, conditions apply. The price of the goods or services must be between 100 and 30,000. The amount of credit cannot be over 25,000. The credit-card provider must be in the business of lending money and the credit agreement made while the provider has been in business. There must be an agreement in place between the credit-card provider and the supplier of the goods. If all these conditions are met, then you are entitled to protection and the credit provider and the retailer are equally liable.

Changing Your Mind

You are perfectly within your rights to change your mind about an order within a certain time limit. You can cancel at any point from the time you make the order up to seven business days after it has been delivered. However, cancellations should be made in writing, by letter or by e-mail.  If your item has arrived, you are obliged to return it. Beware of retailers demanding that goods need to be returned in their original packaging – this is not a legal obligation. As long as the product is returned in good condition, you are not in the wrong.  Check the retailer’s terms and conditions, available on their website, to see whether they require you to pay the postage for a returned order. If this is not mentioned in the terms and conditions, it is up to them to pay. Some high-street stores allow you to take the product directly back to one of their shops.

Items Which Fail to Arrive in Time

Retailers have a maximum of 30 days to deliver your purchase, unless otherwise stated by them. Most will give you a timeframe when you place your order. If it does not arrive within the designated timeframe, you are within your rights to claim your money back from the retailer. However, if the retailer disappears or refuses to refund you, it is up to your credit-card company to give you your money back.

Faulty Goods

If you buy a product which turns out to be faulty, you are entitled to ask the retailer for a refund, repair or replacement. If you have paid with a credit card, your credit-card provider is also legally responsible. This is a little-known rule, but in theory you can claim up to six years after buying the goods, depending on the type of product, how much you paid for it and how long it should reasonably last. You will find that price comparison sites are a great way of finding credit-card deals to make online purchases safer.

Written by Andrew Griffiths – for Entertainment Purposes only

How To Recover From Credit Card Debt

image source
image source

While credit card debt is easy to get yourself into, recovering from it is extremely difficult. Depending on the damage you’ve done, not only could you be paying for it for a very long period of time, but it could also severely impact your credit score as well. If you find yourself down this path, don’t be discouraged. Here are some simple tips to help you on your path to financial recovery.

Stop spending

This is by far the most important tip to take into consideration. You will never be able to dig yourself out of debt if you’re still continuously spending. Stop charging credit cards, stop buying and get yourself into the right mindset. As long as you know you can’t spend anymore, you can move forward and begin the process of credit card debt recovery.

Look into consolidation options

Before jumping into repayment, consider your options. There are various companies that offer credit cards with zero interest for the first six to 18 months. You could consider transferring the balance of one or more of your cards onto this single card to eliminate the interest that you’re accruing. What you need to be careful of is making sure you pay off the total before the no interest rate runs out. Figure out when that date is and do the math to see whether you’re capable of paying off your debt in that time period.

Start paying off high interest accounts

Don’t look at your account balances for each of your credit cards and determine which ones to pay off that way. When you’ve fallen into credit card debt, you need to look into which credit cards have the highest interest rates. Based on this, you should start paying the highest interest accounts first and then work your way down. Even if you have higher charges on other cards, paying off the higher interest accounts will save you significantly more money in the long run.

Pay off cards individually

Before you attempt to tackle all of your debt at once, pay attention to this tip. Paying off each card, one at a time, is your best bet at getting yourself out of credit card debt once and for all. Once you pay off the first one, immediately start paying off the next. Don’t let yourself get carried away over the fact that you paid off a card in full. It’s not time to celebrate just yet! Once you’ve completely paid off all of your cards, rather than spending money on yourself, put what you’d normally put towards paying off your debt into your savings. This way, in case you ever find yourself in debt in the future, you’ll have a cushion to pull money out of.

Talk it out

While many credit card companies can make your life rather difficult due to fees and what-not, this doesn’t mean you should avoid calling them for questions or help. If you call your credit card company to discuss the options available for your account, it could turn out that there’s a solution through them that’s right for you.

If you find yourself in credit card debt, it’s not the end of the world. By following the tips above and understanding how to take the right approach to solving the problem, you’ll be able to pay off your debt over time and will surely be able to learn from the mistakes you made!

Ashleigh Murray is a freelance writer who has a great deal of knowledge in the financial space. After graduating college, she found herself with a hefty student loan and significant credit card debt. She’s been working to pay off the debt over time and has found a lot of great information through creditrepair.com.