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credit cards
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∙ 12y ago
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What are the advantages of credit cards over debit cards?
More and more places online are making you have a credit card to order. Debit isn't widely execpted at all online. Also with credit, if you get it to be good then it helps you get a house and a car or even a boat at a much lower rate so you can pay less at one time.
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance .
Is a line of credit better than credit cards?
Lines of credit tend to have lower interest rates than credit cards.
Which company should I get a low interest rate credit card from?
You may want to consider contacting a local credit union. Credit unions offer services including credit and debit cards or business loans with interest rates significantly lower than national banks!
What credit cards does the Bank of America offer?
Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.
Where can I find information and advice on student credit cards?
Student credit cards can be gotten from websites for credit card companies like Visa and Mastercard. They have lower rates, and lower spending amounts on them.
Are there any good websites with information on sub prime cedit cards?
Sub prime credit cards are cards offered to consumers with lower credit scores, typically under 660 FICO. These cards tend to have lower lines of credit, higher interest rates, and more fees than the average credit card.
If you were to negotiate a lower interest rate on your credit cards would that affect your credit?
it can be possible because it depends on your credit.
How can you lower the money you owe to credit cards without closing it?
1000
What is some credit score advice?
Here are some tips to fast fix your credit scores, if you dont have a credit card, get one. Get an installment loan, lower your credit cards and use your cards lightly
How does the bank profit when you use debit cards?
When you use a debit card at, let's say, the grocery store, the bank keeps a small percentage of what you paid and gives the remaining balance to the grocery store. So if you bought $50 of groceries, the bank would keep approx. $2 and only give the grocery store $48. These are called merchant or ACH fees. The same is true of credit cards but the merchant fees for credit cards are higher than they are for a debit card. That is why most businesses prefer that you use your debit card over your credit card because they will pay a lower merchant fee on the transaction. The reason businesses take debit and credit cards even though they lose a percentage of the sale is because they bet they will make more sales if they offer these forms of payment than if they only take cash. So they pay a little bit to make more sales. In the end, this ends up being a very smart and profitable strategy since few people carry cash anymore.
Are bank credit cards better or worse than credit union credit cards?
Credit Union credit cards are generally better than bank credit cards as they have a lower interest rate, enforced by federal law. Credit union bankers usually pay $20 for late fees and bank credit card owners can sometimes pay nearly double.
