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Earn money from home - the credit card
cards, or plastic money, are found the world over and can get
Even if you already
have a credit card it is useful to have a card dedicated to your use on
money into, and out of, the Internet.
Debit and credit
cards look alike, but they’re two entirely different payment methods.
While a credit card is a "buy-now, pay-later" tool, a debit card draws
funds from your bank account.
Since your purchase
is automatically deducted from your bank account, make sure you have
the money available now to cover what you buy .
Study your card
Note the grace period, annual fees, cash advance fees, finance charges,
and annual percentage rate (APR). If you intend to carry a balance on
your account, look for a lower APR, even if it means paying a higher
Use credit wisely
Keep track of your current purchases. Avoid large impulse purchases.
Don’t use a cash advance to cover normal daily expenses. Remember the
20/10 rule: never borrow more than 20% of your annual net income; and
never let your monthly debt payments become more than 10% of your monthly
Know your limit
Exceeding your credit limit is considered a violation of your account
agreement and may result in additional fees or penalties, or the freezing
or cancellation of your account.
Pay off your balance
within the grace period
For most cards, you can avoid finance charges by paying off your total
balance within an established grace period. It’s like an interest-free
loan for up to thirty days.
Make more than
the minimum payment
If you can not pay off your total balance each month, then at least
try to pay more than the minimum required.
Pay on time
Be sure to get your payment in before the due date to avoid a late fee
and possible credit damage.
Keep in touch
If you change your name or address, notify your lending institution
immediately. You don’t want to risk a late payment. Also contact your
lender if you cannot make a payment on your account for any reason.
They might be able to arrange special payment options that help you
avoid credit problems.
counts for loans
Financial institutions evaluate you based on the “3 Cs“...
Character - credit history;
Capital - assets that can be used as collateral;
Capacity - your ability to handle the added
debt based on your current income, debt, and expenses.
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1998 - 2012 roger walker