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Learn how to be a Winner with your Credit Card

admin — Wed, 18 May 2011 00:57:12 +0000

While the banks will always, be the real winners, there are a few simple steps we can take to avoid being one of the big losers in the credit card market.

There are certain things you need to be aware of to avoid some of the pitfalls.

Winning ways with your credit card
Pay off your balance in full – If you can, always pay off your balance in full each month. This way you will avoid all interest charges.

Use a Reward Credit Card – If you can pay off your balance in full and avoid paying in interest on your spending then you are in a great position to benefit from a rewards credit card. Reward credit cards offer all types of rewards which will definitely put you ahead of the game.

Consolidate your debts with a good balance transfer offer – If you combine your credit card balances into one, making use of a balance transfer, you will avoid interest on your debt for up to 12 months. This will give you a good deal of time to getting the debt cleared without paying interest.

Ways to avoid being a credit card loser

Paying Minimum Payment Only – If you regularly only pay the minimum montly repayments, you will be paying a high amount of interest on your purchases. This is probably one of the most important tips to avoid extra changes.

Avoid Spending on your Balance Transfer Cards – If you have consolidated your debts into a balance transfer card, then you should not use this credit card for spending. All your repayments will go towards clearing the balance transfer debt first. This means that any new purchases will be charge at regular interest rate. Any new purchases will start to accumulate and interest charged at a much higher rate. If you do transfer your balances, make sure you have a good low rate credit card for your everyday purchases.

Avoid Unnecessary Fees – Even if you don’t pay off your balance in full each month, make sure that you at least make your payment on time. This will ensure you are not changed a late payment fee. Be aware of your credit limit. Try not to exceed your limit or you may be charged an extra fee also.

Everyday Spending – Try to only use your credit card for expenses that you know you can afford. Many consumers use credit cards as a ways to live from payday to payday and never catch up. Try to avoid spending beyond your means.

By following these simple steps, we can learn how to use our credit cards wisely. We can avoid unnecessary charges and hopefully avoid becoming a victim of credit card debt.

Credit Cards – Decrease your credit limit!

admin — Tue, 01 Mar 2011 00:44:53 +0000

Many people are starting to feel the bite of the current economical crisis.

We will all need to make adjustments in one way or another in order to cope in these tough times.

One simple way to take action and to avoid getting in to trouble is to decrease the credit limit on your credit card. We often get invitations for pre approved credit limit increases, but often don’t give much thought to decreasing our credit limits.

Tough times can mean that many people find themselves strapped for cash. The temptation of using our credit card to help stay afloat is hard to avoid. Once people get into this kind of cycle of relying on their credit card to see them through, it’s hard to get out. This simple step can help you to resist the temptation of spending unnecessarily and forces us to question ourselves. Do we really need that new pair of shoes?

Banks do not often advertise this fact but it is definitely possible.

If you already have some credit card debt and would like some advice on improving your situation, check out our earlier article “Managing Credit Card Debt” for some helpful tips.

Also, now is the perfect time to make sure you’re getting the best credit card deals. Credit card comparison is an easy way to find out if your current credit card is offering you the best deals.

Do you have Credit Card Debt? Sure ways to help reduce your debt faster!

admin — Thu, 05 Feb 2009 02:47:39 +0000

Many of us start the new year with good intentions. One of the most common new years resolutions is to reduce spending and pay off existing debts. We would like to offer our readers a sure way to pay down your debt faster.
Simple Savings is a website dedicated to helping consumers save money. They offer simple, yet creative ideas to save you money on a range of expenses, from groceries, gifts, cleaning, phone bills to holidays and even cars. The extra money you save on these everyday purchase can go to paying off your credit card debt.

There are two ways to join Simple Savings:

Option 1:
You can join simple savings as a free member and receive weekly email savings tips and much more.

Option 2:
For a joinging fee of only $49, you can access the Savings Vault.

“Your first visit to the Vault will blow you away. It is a staggering source of information, containing thousands of tips that will save you money and new tips are constantly being added. Finding what you want in the Vault is easy, thanks to our impressive facilities. Most Vault members learn enough to recoup their $47 joining fee in the first week alone – or even the first visit!”
www.simplesavings.com.au

So what are you waiting for. Either sign up for free membership or join the Savings Vault and start reducing your debt faster.

Help to set goals with our online Credit Card Calculator

admin — Tue, 03 Feb 2009 22:10:50 +0000

Do you have current credit card debt which you are wanting to pay down. With interest rates on the decrease, now is the time to really get serious about reducing your debt.

Our handy online credit card calculator can provide you with the help you need. It makes it clear to see where you are headed and the difference even $20 per week extra can make to your balance.

Check out your existing card and compare it with the best deals on the market. Credit card comparison is a great way to make sure you’re getting the best from your credit card. Remember, the people who are most sucessful at clearing their debts are the ones who set goals.