Bank Debit Cards vs. Credit Cards: Does It Matter?

July 16, 2014 Leave a Comment

If you open any wallet, you’ll find that most people have at least one debit card and one credit card. This is how they pay for things, such as groceries, gasoline and personal items. Some people prefer one over the other; and if you’re deciding the best card for your need, you may question whether to stick with a bank debit card or take a chance with a credit card.

At the end of the day, there are no wrong or right answers. There are many reasons why some prefer credit whereas others prefer debit. about a year back I posted on same topic, whether to use a credit card or debit card? If you’re on the fence and can’t decide the best approach, it pays to consider the benefits — as well as the disadvantages — of both methods of payment.

Making the Most of Your Credit Card

October 28, 2013 6 Comments

Many view credit cards in wrong way, for them using credit cards is a sin. Credit cards encourages people buying things that are not affordable. True, the same way carrying gun is a sin. But, in reality neither is a sin. As long as you know how to use them and most importantly, how and when not to use them, you should be doing wonders. One will protect yourself from evil and the other will bring your comfort.

As I discussed in how to handle your credit cards, to make most from your credit cards, you first need to pay entire balance each month. If you don’t do that then you should not use a credit card, period! Credit cards should not be used as personal loan. There are other reasons to get personal loans. So, in order to enjoy all the good things a credit card offers, you’ll need to maximize the rewards and make the charges and fees zero.

Should I use Credit Card or Debit Card

August 19, 2013 6 Comments

One very often discussed topics in personal finance discussion is whether to use a credit card or debit card. Many experts and famous bloggers suggest using debit cards only. Mainly because debit cards can’t put you in debt. You may not be able to buy items that can be bought using a credit card. Here’s what I do in my situation

We are 30 something, single income family of two. We live in rented apartment, never been in debt, even saving to buy our first house without mortgage. Naturally, we know how to handle credit responsibly. Due to my upbringing in a lower middle class family in India, I know what is essential and what’s luxury, which is quiet different from what average American perception of luxury vs. need is.

14 Major Tips Not To Live With a Credit Card

July 26, 2013 13 Comments

Most Americans never seems to realize how much they lose over late payments for their credit cards. They will only realize when the credit card companies fights with them over their interest rates.

Personally I have been a victim of being charged high interest rates over just one late payment. My credit card company doubled my interest rates and piled huge fees on one late payment that I forgot to clear.

The Balance Transfer Game – How To Play To Win!

June 19, 2013 20 Comments

We get balance transfer card offers all the time. Unfortunately for those banks and fortunately for us, we do not carry any balance on our cards. We pay in full every month. For those who are already in credit card debt, this guest post from Joshua can be very helpful. Read and enjoy the post!

Have you heard of the balance transfer game? It seems to be all the buzz on several finance blogs that I follow and, rightfully so. Those who play the game and win…WIN BIG! But, those who play the game and lose…LOSE BIG! And in the game of personal finance, the difference between win and lose can be the difference between financial stability and financial hardship.

What to Look For in a Travel Rewards Credit Card

February 27, 2013 4 Comments

It’s no secret that travel rewards cards are the most-appealing credit card options available to consumers today. And why shouldn’t they be? Free miles simply for making the purchases you’re already planning on making; where else can you get a deal like that?

That said, not every travel rewards card is created equal, and not every travel rewards credit card is right for everyone. When researching and applying for a travel rewards cards, there are a few things consumers need to consider.

5 Things You Should Know About Credit Card Sign-Up Bonuses

January 26, 2013 1 Comment

Credit card companies use sign-up bonuses in order to entice new customers. Depending on the credit card market, sometimes you will find much more enticing sign-up bonuses than other times. A credit card company may dangle a sign-up bonus out there to convert a bunch of new customers, and then they may pull the offer depending on market fluctuation and other factors.

For example, Chase has re-released their stellar British Airways Visa Signature Card and the huge sign-up bonus that comes along with it: 50,000 Avios points just for spending $1,000 in the first three months that you have the card. If you spend an additional $20,000 throughout the year, that gives you 100,000 Avios points which is enough for two free round trip flights to Europe from the United States.

When Should I Use A Credit Card?

January 19, 2013 3 Comments

Credit cards can be beneficial in many areas of spending if used correctly and carefully, so we’ll take you through some of the main benefits that you can take advantage of when using these products.

Balance Transferring

A balance transfer is where part or all of an existing debt is transferred from one credit card to another. This is normally done to save money on the interest you would normally have to pay with your existing card. Some providers offer cards that are designed for balance transferring and can provide you with little or no interest for a short period of time.

These cards can be very helpful in allowing you to organise your debts in the one place however be careful when choosing this as a debt consolidation option as the 0% interest rate is often over a fixed period of time e.g 12 or 24 months. You should carefully consider if this is realistically enough time for you to repay your debts in full.

Choosing the Right Credit Card? Consider These 10 Factors

July 20, 2012 6 Comments

I had previously wrote about how not to use credit card and how to handle a credit card. Here, I’ll talk about the pre-application process. Choosing the right credit card. When you decide to apply, what steps you should ideally follow to get best credit card? Or, how to get the best credit card is the topic today.

In today’s society credit card is becoming essential in our day-to-day life. It not only makes you lighter in your pocket, but also you have access to emergency money, whenever you need. Often credit cards can give you preferential treatment, specially at the airports. Lastly, the lure of rewards, if you can pay the full balance off every month. Wise use of credit cards increases your credit score and credit worthiness.

How Not to Use Credit Cards – 7 Deadly Sins

May 17, 2012 11 Comments

The following is a guets post from Alayna Frankenberry

Do you know how to handle your credit cards? Do you know what the seven deadly sins are? If you ever attended Catholic school, or if you’re a fan of horror movies and fashion editorials, you’re probably familiar with the religious belief that’s become a cultural trope. In fact, if you’re like most red-blooded Americans, you’ve likely checked at least three or four of the deadly sins off your list before it’s even lunchtime.

« Previous Page

Bank Debit Cards vs. Credit Cards: Does It Matter?

Making the Most of Your Credit Card

Should I use Credit Card or Debit Card

14 Major Tips Not To Live With a Credit Card

The Balance Transfer Game – How To Play To Win!

What to Look For in a Travel Rewards Credit Card

5 Things You Should Know About Credit Card Sign-Up Bonuses

When Should I Use A Credit Card?

Credit cards can be beneficial in many areas of spending if used correctly and carefully, so we’ll take you through some of the main benefits that you can take advantage of when using these products.

Balance Transferring

Choosing the Right Credit Card? Consider These 10 Factors

How Not to Use Credit Cards – 7 Deadly Sins

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Credit cards can be beneficial in many areas of spending if used correctly and carefully, so we’ll take you through some of the main benefits that you can take advantage of when using these products.

Balance Transferring

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Site Disclaimer

Major Media Mention