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It is wise to pay the full balance on credit card because you will not entail finance charges and other fees. If you pay only the minimum, your next balance will increase due to the finance charges and fees. At the same time, it can build your credit score. I always pay the full balance on my credit cards.

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13y ago

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Where can one apply for a zero percent balance transfer credit card?

One can apply for a zero percent balance transfer credit card on websites like Money Supermarket, Balance Transfer Credit Cards, Moneyning or Wise Bread.


Do most credit card companies allow one to transfer their balance from one card to another?

Yes, most credit card companies will allow one to transfer their balance form one card to another. However, this is not always a wise decision since the transaction will appear on the statement to the credit card company.


Is having multiple open credit cards with no balance bad or good for your credit rating?

It's wise to use your credit cards ONLY if you have cash in your bank account. Purchase something on each one, then when the statement comes pay it in full.


If you are planning to carry a large balance on a credit card should you look for?

If you plan to carry a large balance on a credit card, you should look for a card with a low interest rate and strong introductory offers, such as a 0% APR for a certain period. Additionally, consider cards with no annual fees and favorable terms for balance transfers. It's also wise to check for rewards or benefits that align with your spending habits, ensuring you maximize any potential returns while minimizing interest costs.


What are the advantages to having a student credit card over a standard one?

student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.

Related Questions

Where can one apply for a zero percent balance transfer credit card?

One can apply for a zero percent balance transfer credit card on websites like Money Supermarket, Balance Transfer Credit Cards, Moneyning or Wise Bread.


Do most credit card companies allow one to transfer their balance from one card to another?

Yes, most credit card companies will allow one to transfer their balance form one card to another. However, this is not always a wise decision since the transaction will appear on the statement to the credit card company.


Is rent revenue credit or debit?

All revenues has credit balances as default balance like wise rent revenue also has credit balance as default balance instead of debit balance because all expenses has debit as default balance.


Is having multiple open credit cards with no balance bad or good for your credit rating?

It's wise to use your credit cards ONLY if you have cash in your bank account. Purchase something on each one, then when the statement comes pay it in full.


How entries are posted from general ledger to trial balance?

Extract of head of account wise debit balance or credit balance from the general ledger has to be posted in the trial balance.


If you are planning to carry a large balance on a credit card should you look for?

If you plan to carry a large balance on a credit card, you should look for a card with a low interest rate and strong introductory offers, such as a 0% APR for a certain period. Additionally, consider cards with no annual fees and favorable terms for balance transfers. It's also wise to check for rewards or benefits that align with your spending habits, ensuring you maximize any potential returns while minimizing interest costs.


Should you cancel inactive credit cards?

Yep, other wise you might have to continue paying fees and having an unused credit card lowers your credit rating.


What is a full time college student credit wise?

The minimum credit load for a full-time student is 12 credits. Some students take more, however, 12 credits is considered full-time.


What are the advantages to having a student credit card over a standard one?

student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.


The Benefits Of A No Interest Credit Card?

For some people out there, you might not believe that something like a no interest credit card could possibly exist. Why in the world would a credit card company put out a no interest card? This must be a mistake, right? The truth is that you can get a no interest credit card, at least for a short period of time. There are many different ways to take advantage of a no interest offer from a legitimate credit card provider. You would be wise to consider these options and make good use of them if you want to get the most out of the plastic.What's the deal with no interest credit cards?There has to be some kind of a catch with these cards, right? There is no catch, but the cards aren't exactly unlimited in nature. No interest credit cards are generally only available through an introductory offer. No credit card company could stay in business if they offered cards at no interest, so they only do so for a short period of time. Many times, you will be able to find a credit card with a 0% APR for a period of a few months. Some card providers will utilize this rate for up to a year in an effort to get people to sign on. After that, the card will revert to its typical APRNo interest on balance transfersAnother way to take advantage of a no interest credit card is through a balance transfer offer. Some creditors provide balance transfers for no fee for a period of six months or even longer. This is a really nice deal for those individuals who have other balances. If you are sitting with a pile of high interest debt, then you should definitely consider a no interest credit card that offers balance transfers. You can transfer your balances and pay off the high interest debt, taking your time to pay off the new balance. Many creditors offer this kind of deal, so a smart consumer should look at the different options and make the most responsible choice.Who can get no interest credit cards?In order to take full advantage of a no interest credit card, you have to first qualify for one. You might suspect that it's difficult to get one of these cards. You would be correct, as only those with good credit are able to land the best credit card offers. In today's world where credit getting tighter and fewer people have access to a good credit card, it takes a nice credit history to land an elite card. Keep this in mind as you consider your financial options and your various credit card possibilities.


How to Cancel a Student Credit Card?

It can be a challenge managing and paying several credit card bills, especially while you are in college. Although it can be very beneficial to have student credit cards, it can also cause problems if you do not know how to properly manage your money and spending habits. Therefore, it might be wise of you to cancel at least one of your credit cards, so you will not accumulate too much debt while you are in college. However, there are a few things that you should do before you cancel a student credit card.Determine Which Credit Card You Should Cancelf you have more than one student credit card, it is best to cancel the card that is the least beneficial to you. Keep in mind that it is always a good idea to have at least one major credit card, just in case you have an unexpected emergency and you are short on cash. And when you are a college student, all sorts of emergencies could occur. So, consider keeping at least one credit card open while you are in school.Take time to carefully review all of your credit card accounts. Be sure to look at the current interest rate on each of your credit cards to help you make your decision. You may also want to look at other things such as perks and the length of time that youve had each credit card. It might be a good idea to keep your oldest credit card open and cancel one of your newer credit card accounts (since a large percentage of your credit history is based on the age of your accounts, and closing an older account might actually lower your credit score).Pay Your Balance in FullPay off the entire balance on your student credit card before you inform the credit card issuer that you want to close your account. If you have an unpaid balance on your card when you contact the credit card issuer, the company might raise the interest rate on your credit card. And as a result, you will end up having a larger balance to pay off. So, pay your balance in full and confirm that you have a zero balance on your account before you do anything else.Contact the Credit Card IssuerLook on the back of your student credit card to find the appropriate contact number. Simply call the credit card issuer and inform them that you would like to cancel your card. If you were a good customer and paid your bill on time, the company might try to convince you to keep your credit card open. However, do not let them persuade you to keep your credit card, if you truly want to cancel it. Be sure to document everything that you discuss with the customer service representative, such as the persons name, the date and time that you called, and any other pertinent details about your account.Request a Confirmation LetterAsk the customer service representative to send you a letter confirming that your student credit card account has been closed, and that you have a zero balance on your account. In addition, ask the representative to state in the letter that your account will be reported as closed at the customers request to the major credit reporting bureaus.Check Your Credit ReportOnce you receive the confirmation letter from the credit card issuer, you can check your credit report to verify that everything is accurate. Keep in mind that it might take up to 30 days from the time that your account was closed before you see the updated information on your credit report. Be sure to review your credit report from all three major credit reporting agencies: Experian, TransUnion and Equifax.Whether or not you should cancel one of your student credit cards, is totally up to you. Having a credit card can come in handy, but managing your money, living within your means, and protecting your credit history is also important, too. If you follow the steps listed above, you should have no problem canceling your student credit card, if you choose to do so.


Do you think Credit card is necessary for a student?

A credit card is definitely not necessary for a student. In fact, it would be much better if the student did not have a credit card. A plethora of students become thousands of dollars in debt because of unwise decisions with their credit cards. If a student careful budgets the money he earns and makes wise spending decisions, he will be much better off than using a credit card.