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There are very few benefits to having and using a credit card. Although it can boost your credit rating if you do not currently have one, or currently have a low score, it is also a sure fire way of getting yourself into debt; which in the current climate is not a good thing. You may earn a small amount of cashback or reward points, but it is more sensible not to have one, credit cards are 99% beneficial for the financial institutions, and 1% for the person holding a credit card. If you do insist on having a Credit Card, pay off the full balance before each month's due date, therefore saving as much on interest payments as possible and alos enhancing your credit record.
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∙ 13y ago
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Is a Visa card a good card to have?
A good thing is to have one credit card, whether it be a Visa or a Mastercard. I say this because if you ever get into a jam most rental car companies will not take a debit card, it must be an actual credit card.
What is a good thing about having low interest business credit cards?
Low interest business credit cards have much less low risk than high interest credit cards. Less cost is imposed for the person using the credit card.
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
How would one use a credit card to rebuild credit?
One can rebuild their credit by using their current credit card. One should make sure they pay their balance on time without delay to maintain their good credit.
When can i get a cash advance on my total visa credit card?
Using a credit card to obtain cash is NOT a good idea. If you need a cash loan it is better to negotiate this from your bank directly.
Do you need money to get a credit card?
The only thing you needed is a good credit record.
Is a Visa card a good card to have?
A good thing is to have one credit card, whether it be a Visa or a Mastercard. I say this because if you ever get into a jam most rental car companies will not take a debit card, it must be an actual credit card.
Whom do I contact if I suspect credit card identity theft?
The first thing you need to do is to contact the credit card company. After that, notify the authorities. Good luck!
What is a good thing about having low interest business credit cards?
Low interest business credit cards have much less low risk than high interest credit cards. Less cost is imposed for the person using the credit card.
What are some causes of 0 credit card balance?
Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
How would one use a credit card to rebuild credit?
One can rebuild their credit by using their current credit card. One should make sure they pay their balance on time without delay to maintain their good credit.
How credit card affect the society?
when credit card is not good
How do you make a sentence using word credit?
My mother used her credit card to pay for the purchase. They have good credit.
What is credit card pos?
credit card pos = credit card point of sale.
When can i get a cash advance on my total visa credit card?
Using a credit card to obtain cash is NOT a good idea. If you need a cash loan it is better to negotiate this from your bank directly.
If you're 18 and about to start college and you just got a credit card is it good if you have a 9.9 interest rate with a 39 dollar fee to get the card and a 200 hundred dollar credit limit?
No. A credit card is the last thing you need right now.
