3 Credit Card Secrets

by Tammy Lord 04/14/2019

There are some secrets that you should know to reap several benefits associated with credit cards. Knowing these secrets will put you in a better position to enjoy the benefits of highly competitive lenders. These three ideas will teach you how to make effective use of your bank cards: 

1. Get cards with beneficial reward possibilities. Some individuals might consider this obvious, but there are a lot of people who have a bank card with rewards which do not apply to their lifestyle. To reap the benefits of your card, it is essential you ask for the right card with rewards that fit and enhance your lifestyle. To fully enjoy the benefits this provides, you should try to repay your acquisition as soon as possible. This way, the bank does not reap more benefits than you. 

2. Put all purchases that are enterprise-related on credit card. This next bank card secret requires some high-level bank-related data. For example, if you wish to purchase repairs on your house, you should know that it will be quite challenging to get a mortgage at the post-2008 housing market. Now, what do you do? It is advisable to put the repairs on the credit card. You should not hesitate to do so even if your card has a 12 percent APR because if for instance, you borrow up to $50,000 and maintain the amount for some months, all you owe is about 20% on the whole quantity provided you continue to pay it off. 

3. Manage your debt balance appropriately. If you are the type that acquires many credit cards, you should take advantage of the competition that exists between bankers using this credit card secret. 

First off, you need to inquire with your financial institution about stability switch possibilities. If there is a possibility of stability switch, you should ensure it's a zero-percent stability switch. For example, you will be able to apply to move the balance on your Bank of America card once you have acquired stability on your Capital One card. 

It is advisable only to transfer the debt if it is smart. Then, you one step closer to clearing the debt efficiently within the subsequent six to nine months period allotted. Understanding your credit card doesn’t need to be challenging, so stop by your nearest branch and speak to a finance officer on how one of the tips above could work for you.

About the Author
Author

Tammy Lord

 

HI. MY NAME IS TAMMY LORD. HOW CAN I HELP YOU?
Buying or selling a home can be the most emotional financial decision of our lives. I have over 24 years of experience as a Realtor in Michigan. I have closed thousands of homes in my career and can assist you with Residential, New Construction, Waterfront, Vacant Land and Commercial properties in Genesee, Oakland, Lapeer, Livingston and Shiawassee Counties as well as any other areas in Michigan. Although I am very proud of every home I have ever helped someone buy or sell, I am most proud of the number of clients that have asked me to assist them time and time again. I have clients that I have helped buy and sell homes 2, 3 and even 4 times. I have had parents recommend me to their children to help buy their first home. Couples refer me to neighbors. Others have recommended me over the internet and in reviews. I have been honored to help families with their loved ones estates. A referral is the highest compliment that I could receive and I am grateful for each and every one of them. Throughout the years of various challenges that can arise when buying or selling a home, my philosophy has been very simple and unwavering. Honesty, patience, and availability.

Buying or selling a home with an experienced Realtor is an important partnership, and that means we need to be in it together. I am committed to that partnership 24 hours a day, 7 days a week, and 365 days a year. I'm always just a phone call away.

"The lighthouse served several purposes for ships over the ages. The first was to warn of dangerous waters…another was to let weary sailors know they were safe and that they were HOME."

I hope I can be your beacon. Give me a call at 810-397-3803 so we can discuss your needs. www.tammylordsellshomes.com