Choosing right credit card can be amongst the major decision to keep your finances on track. Here are 6 tips that you should consider for choosing a credit card.
APR is actually the cost that you bear for borrowing through your credit card when you do not pay entire balance every month. APR offered by different cards can be compared and it will be helpful for you in selecting the one that comes at cheapest price. Other things should also be considered like incentives, charges and fees.
If the balance is not paid off by you every month then you will have to repay some minimum amount. Typically, it’s about three percent of total due balance.
Sometimes, you are charged a specific fee for using the card every year. This fee is included in your due amount that has to be paid. It should be kept in mind that interest has to be paid on this fee amount and on the spending as well, unless the charges are paid in full. The credit agreement should be checked for establishing what kind of other charges you may have to bear.
This is one of the most significant considerations to be made. Quite often you are told that your card comes with 0% APR. It means there would be no interest charged at all. However, that’s usually an introductory rate. So make sure to read their fine print and finding out what exactly would you be charged in terms of interest.
Usually, these points keep adding up whenever you spend using your credit card for buying different items. Usually, this option is only available for shopping at specific shops. You can later use your reward points to shop for free. So, it is important to determine where and how you can use the reward points and then consider the likelihood for you to use them.
Cash backs allow you to get refunds and it usually depends on the amount you spend using your card. Consider what amount you’d normally be spending using your credit card and that whether you will be able to reach the minimum qualification limit to avail cash backs. For instance, the criteria for getting cash backs may be that you have to pay the entire balance every month. Consider will you be eligible for that.Read more
Though sales are important for any business, cash flow is even more important. Cash inflow into the company on a regular basis proves to be really important for paying salaries, buying materials, as well as literally keeping doors open and lights on.Read more
Every owner of a particular business or various different businesses must be familiar with some basics of financial management. Depending totally upon co-workers and subordinates would jeopardize the business as a whole. Basic success of a business depends mainly on the finances. Managing these finances, therefore, is very important. Some principles about financial management would be explained here.Read more
Being a small business owner is not easy these days. Starting your own business is a very important and beautiful step, but it can also get very overwhelming and you may feel you are not made for this. You can also do well for a period of time, but feel like your business is not growing anymore and you don’t know why. Whatever the situation may be, you probably considered you should hire a financial advisor. But should you?Read more
At times it is necessary for you to have some savings at your disposal. If you have not set up any emergency fund and suddenly some unforeseen events take place then you will forcibly have to rely on the credit cards, tap the retirement account of yours or take a loan.Read more
The simplest way to dictate your business’s future would be to monitor what is happening today. For instance, assessing your company’s important financial metrics effectively and consistently can bring good results. You can take hold and yield profits for your business, by making financial tracking as a habit and leverage technology.Read more
Having a good relationship with your bank is very important. There are numerous advantages that are associated with such an idea. For example, you will be entitled to a god number of loans. Banks are utterly willing to lend to their customers whose relations with them are sound. Sometimes, you can even borrow funds on an emergency basis. Your bank will also be utterly willing to lend you funds upon demand provided your relationship with it is sound. But, you need to always keep the relationship as sound as possible if you are to enjoy the multiple benefits of dealing with your bank. Here are some tips on how to keep the relationship between you and your bank as sound as it should be.Read more