Learn more about moneyandinvestments with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
1. Building Credit
If you don’t have a credit history, you won’t have a good credit score. A credit score is a number that rates your credit risk. Creditors use it to determine whether to give you credit and what terms to offer you. Having a high score can make it easier for you to get a loan, rent an apartment, or lower your insurance rate. Having a properly managed credit card increases your credit score.
18
136 reads
MORE IDEAS ON THIS
5. Inevitable
For some transactions providing a credit card is compulsory. For instance, hotel reservations or car rentals may require that you submit a credit card as this would ensure that whatever extra costs you run up can be easily recovered.
17
157 reads
3. Rewards
With a credit card you can get cash back on your purchases, airline points, discounts, coupons and more. These rewards are not available for Debit card users
17
130 reads
4.Convenience
Most credit cards can be used internationally and online, whereas cash and bank cards often cannot, you’d have to use some form of currency exchange or maybe PayPal (if it’s an option).
17
157 reads
Why do people get credit cards?
I try to avoid anything that would lead to debt, most people would too yet even though credit cards fall in this category; it remains one of the most popular means of payment. Why?
18
189 reads
2. Emergencies
If you need to buy something and you don’t have the cash on hand. A credit card can be a very expensive type of loan but circumstances can make it difficult to ignore.
18
156 reads
CURATED FROM
Rewards, Debts and Interest: A Complete Guide to Credit Card Management
informationprime.wordpress.com
6 ideas
·925 reads
CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas help to understand why credit cards remain a popular means of payment despite being a form of debt.
“
Related collections
More like this
Week 1: Optimize Your Credit Cards
A great place to start because it can have a big impact on your finances:
- Set up autopay to pay your CC bills
- Call to waive any past credit card fees
- Negotiate a lower APR
- Build credit history by keeping credit lines open
- Increased your credit allowance
Factors that make up your credit score
- Late or missed payments will drive down your credit score and remain on your record for seven years.
- Credit utilization is the percentage of available credit you're currently using. If you use more than 30% of your available credit, scorin...
Credit Card Debt
The trickiest form of debt, which is literally bleeding our finances, is the credit card debt. Make sure you know what the interest rate being charged is. Know that a 2% interest rate per month is actually 24% per annum.
If you stay out of debt by paying the total due on t...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates