A Credit Card For All Your Business Needs
by Hamm Morgan
Credit cards are not just for personal and individual use. There are credit cards for business convenience, purposes and purchases, like that emergency overseas business trip you just have to take, or all the business supplies that just have to be replenished before the end of the day. In instances like these, the business credit card is not just a luxury for your company; it becomes almost a necessity to help keep operations going.
Different types of credit cards for business are available in the market from all the finance companies. Some cards help you to keep track of your business’ requisitions and expenses by categorizing your charges on your bills. These categories are set up by you, as only you would be able to decide on which kinds of purchases are authorized on such cards. When making a transaction, your bill would automatically categorize the purchases – making it easier for you to distinguish one purchase from another, and to be kept on your toes of the other purchases made by those within the company. This helps in the justification of each of these purchases for claims and clarification when necessary.
Other credit cards may also offer you cash back rewards on your purchases. These “rewards” may give you between five and eight percent back on your monthly statements, which means every 100 dollars spent will be five to eight dollars less in your next bill. Other rewards come in the form of points which can be redeemed for specific business items like wireless services, office supplies at partnering outlets or even gas at your favorite gas station chain. Rewards can also come in the form of discounts for purchases exceeding a certain amount – this is useful particularly in a consolidated monthly statement for the business credit cards dispersed to the company, which translates into more savings for the business.
If you are in a business that requires a lot of travelling, chalk up your travel miles with a credit card that partners up with an airline, which earns you travel miles with every dollar you spend so you can exchange them for free flight tickets for your next trip.
You may well discover that the best business credit card for you is one that doubles up as a checking account as well. Although this is not offered by many credit card companies, you may find that being able to write checks for your suppliers and vendors against your credit line is a convenient business tool to have. Payments for these checks will have the same payment grace period as your credit card, as all amounts issued in the checks will be consolidated in one credit card statement. This means if you are using a card which offers you cash back rewards or rebates on your purchases, you will be saving more in your next bill as long as they are paid within the grace period.
The best business credit card is one that offers you the best of everything – no annual fee charges, cash back or rebates on your purchases, bonuses for your expenses and discounts when you shop at participating partners – while offering you a low or 0 Annual Percentage Rate (also known as 0 APR) for the initial months of using the card and allowing to make a business credit card balance transfer as well. Finding such a card may be easier than you think. Just shop online and you will find more than one which will fulfill your business needs while giving you benefits on the side.
Most business credit cards offer a twelve-month 0 APR for all retail purchases and a 0 APR for balance transfers to the card as well. This saves you lots on interest payments while helping you to manage your company expenses at the same time. Even better, source for a card which gives you a lower APR than the conventional ten to twelve-percent-per-year. Competitive credit cards usually offer a very attractive low interest rate of between five and seven percent – on top of which you will still be eligible for rebates, cash backs, rewards and discounts.
The credit line is the other thing you will need to consider in a business credit card. Depending on the size of your company, the nature of your business and number of people authorized for the cards, you may choose between a lower credit line in the proximity of thirty thousand dollars and a limitless credit card.
Naturally, having a higher credit line will mean more stringent rules for spending on only business necessities and having these expenses tied in with other benefits like travel miles and discounts at partnering providers will not just be a prudent move, but sound business sense.
วันพุธที่ 30 เมษายน พ.ศ. 2551
วันเสาร์ที่ 26 เมษายน พ.ศ. 2551
Give Your Credit Card Processing Great Technical Support
Give Your Credit Card Processing Great Technical Support
by Jim Osterman
If you own a business online and you're looking to make the leap into credit card processing there will be several factors to consider. Among them are how much experience the merchant accounts provider has with businesses like yours, what their pricing structure is and what their references say.
But don't sign any deal until you thoroughly investigate any contending company's technical support. Having tech support is like being a member of an emergency auto club; you hope you'll never need it but when you do you are so glad you made the investment.
Because when you are processing credit cards online, if a problem ever arises this isn't like an mp3 music-downloading program you added to your computer. You're not going to be able to troubleshoot the problem on your own. Credit card online processing has too many players and too much security for you to make the repair.
If something goes wrong with your merchant services you're going to need someone who knows what to look for, how to diagnose the problem and how to fix it quickly.
Because when you don't have that here is your retailing nightmare. You have several customers shopping your site. They are gathering their purchases and head for checkout. But because of a glitch somewhere they can't pay for their purchases.
You see there is a problem and call the help desk. But you get put on hold because no one is there. Or they have gone home for the day.
Then something like the following may happen. Your customers' screen freeze and they are afraid to reboot because there is no indication on the status of the transaction. Or they try and wait it out and their session runs its course and logs them off the site.
And whether it's the above scenarios, or ones like that, the bottom line is that they are going to click over to a site that isn't having problems, and take their business away from you -- perhaps forever.
Think about it -- what will that cost you? Maybe you can't put a price on love, but a person with an online business with poor tech support can put a price on consumer anger.
So if you are considering a company for credit card online processing services you need to make sure that their technical support people are available 24/7. Your online store never closes, so the people making sure it stays online should always be there for you. And this is an area where they need to bat 1.000 -- there's no room for anything less.
It won't even hurt to see if you can't give it a test before you sign on. Make a call later in the evening or on the weekend. See how fast that call gets answered. Or do you get an automated service that tries to dance you through several prompts before you have the option to take to a real person?
You will consider a number of companies, but make sure any provider that you may sign with can prove they have superior customer service and technical support. Hopefully you will never need it, but you'll sleep better knowing its there.
by Jim Osterman
If you own a business online and you're looking to make the leap into credit card processing there will be several factors to consider. Among them are how much experience the merchant accounts provider has with businesses like yours, what their pricing structure is and what their references say.
But don't sign any deal until you thoroughly investigate any contending company's technical support. Having tech support is like being a member of an emergency auto club; you hope you'll never need it but when you do you are so glad you made the investment.
Because when you are processing credit cards online, if a problem ever arises this isn't like an mp3 music-downloading program you added to your computer. You're not going to be able to troubleshoot the problem on your own. Credit card online processing has too many players and too much security for you to make the repair.
If something goes wrong with your merchant services you're going to need someone who knows what to look for, how to diagnose the problem and how to fix it quickly.
Because when you don't have that here is your retailing nightmare. You have several customers shopping your site. They are gathering their purchases and head for checkout. But because of a glitch somewhere they can't pay for their purchases.
You see there is a problem and call the help desk. But you get put on hold because no one is there. Or they have gone home for the day.
Then something like the following may happen. Your customers' screen freeze and they are afraid to reboot because there is no indication on the status of the transaction. Or they try and wait it out and their session runs its course and logs them off the site.
And whether it's the above scenarios, or ones like that, the bottom line is that they are going to click over to a site that isn't having problems, and take their business away from you -- perhaps forever.
Think about it -- what will that cost you? Maybe you can't put a price on love, but a person with an online business with poor tech support can put a price on consumer anger.
So if you are considering a company for credit card online processing services you need to make sure that their technical support people are available 24/7. Your online store never closes, so the people making sure it stays online should always be there for you. And this is an area where they need to bat 1.000 -- there's no room for anything less.
It won't even hurt to see if you can't give it a test before you sign on. Make a call later in the evening or on the weekend. See how fast that call gets answered. Or do you get an automated service that tries to dance you through several prompts before you have the option to take to a real person?
You will consider a number of companies, but make sure any provider that you may sign with can prove they have superior customer service and technical support. Hopefully you will never need it, but you'll sleep better knowing its there.
วันพุธที่ 23 เมษายน พ.ศ. 2551
Your Small Business Can Accept Credit Cards in a Big Way
Your Small Business Can Accept Credit Cards in a Big Way
by Jim Osterman
a great place for those people who have always nurtured the dream of owning their own business. Instead of having to rent our buy space all one has to do is secure a domain name and sign on with a hosting service. And with drop shipping, e-store owners don't even have to maintain inventory.
Indeed, the low overhead that comes with having one's business online also makes it easier to turn a profit. And that has made the virtual world even more enticing for the entrepreneur as the financial risks and rewards are much more easy to juggle.
However, no successful business can become static or things start to erode. That is why most online business people keep an eye out for anything that will help their business grow. Perhaps a fancier site design or maybe switching some items being sold to see if that kicks some fresh energy into the mix.
One avenue they might pursue is the idea of credit card online processing services. Some might just like the idea while others have heard about all the good things that merchant services could bring. Several studies have shown that an Internet business with merchant services will see increases in traffic, repeat business, sales and profits. All great things to help anyone's business grow to the next level and beyond.
However, here is where many online shopkeepers scuttle their own efforts. They let their assumptions carry more weight than any facts they may come across as they research the ability to accept payments online.
They assume credit card processing is for bigger businesses.
They assume credit card processing costs will outweigh any financial benefit.
They assume that there isn't a plan that is structured for a business like theirs.
And they get wrapped in up in their assumptions that they start to treat them as facts and they forget about merchant services as a way to build their bottom line. And that's too bad because assumptions are hardly ever factual if any research has been added to the mix.
This is why it is so vital, no matter what size business you have that you are willing to drill down and get some facts before you make any decision that will affect your business.
It is true that there will be several merchant services providers that might think you are too small for credit card services, and most banks fall into this category, but keep in mind that any company that says you aren't big enough usually means you aren't big enough for them to offer services to and make a profit.
And that means you have to stay active and keep looking because there are a lot of great merchant account companies out there who can let you accept credit cards at a price you can live with. But it's up to you as the business owner not to be easily dissuaded, because that can mean your business might not reach the profitability that it potentially could realize.
So the key things to remember are don't confuse your assumptions with facts, and that credit card online processing services can help your small business become a big business.
by Jim Osterman
a great place for those people who have always nurtured the dream of owning their own business. Instead of having to rent our buy space all one has to do is secure a domain name and sign on with a hosting service. And with drop shipping, e-store owners don't even have to maintain inventory.
Indeed, the low overhead that comes with having one's business online also makes it easier to turn a profit. And that has made the virtual world even more enticing for the entrepreneur as the financial risks and rewards are much more easy to juggle.
However, no successful business can become static or things start to erode. That is why most online business people keep an eye out for anything that will help their business grow. Perhaps a fancier site design or maybe switching some items being sold to see if that kicks some fresh energy into the mix.
One avenue they might pursue is the idea of credit card online processing services. Some might just like the idea while others have heard about all the good things that merchant services could bring. Several studies have shown that an Internet business with merchant services will see increases in traffic, repeat business, sales and profits. All great things to help anyone's business grow to the next level and beyond.
However, here is where many online shopkeepers scuttle their own efforts. They let their assumptions carry more weight than any facts they may come across as they research the ability to accept payments online.
They assume credit card processing is for bigger businesses.
They assume credit card processing costs will outweigh any financial benefit.
They assume that there isn't a plan that is structured for a business like theirs.
And they get wrapped in up in their assumptions that they start to treat them as facts and they forget about merchant services as a way to build their bottom line. And that's too bad because assumptions are hardly ever factual if any research has been added to the mix.
This is why it is so vital, no matter what size business you have that you are willing to drill down and get some facts before you make any decision that will affect your business.
It is true that there will be several merchant services providers that might think you are too small for credit card services, and most banks fall into this category, but keep in mind that any company that says you aren't big enough usually means you aren't big enough for them to offer services to and make a profit.
And that means you have to stay active and keep looking because there are a lot of great merchant account companies out there who can let you accept credit cards at a price you can live with. But it's up to you as the business owner not to be easily dissuaded, because that can mean your business might not reach the profitability that it potentially could realize.
So the key things to remember are don't confuse your assumptions with facts, and that credit card online processing services can help your small business become a big business.
วันศุกร์ที่ 18 เมษายน พ.ศ. 2551
How To Benefit From Gasoline Credit Cards
How To Benefit From Gasoline Credit Cards!
by Gary B
With the high price of fuel these days it is rare to find a gasoline company that will give you a break on the price of gasoline, but with a gasoline credit card you may be able to ease some of the expense while monitoring your gasoline spending habits.
There are two basic types of gasoline credit cards. The first is a gas company card offered to customers through certain gas companies. This kind of card is beneficial to the person who is trying to control his or her gasoline budget. It functions similarly to a credit card with monthly fees and interest. Most gasoline credit cards require you to pay the balance in full at the end of each month. Although this kind of card limits you to purchasing gas or in-store items from the station where the card was purchased, it can be helpful if you are trying to control gasoline expenditures. A gasoline credit card is also generally easier to purchase than a traditional credit card.
The second gasoline card is the gas reward card that offers incentives through credit card companies. Some credit card companies have started rewards programs with incentives that offer free gas rewards. Similar to frequent flyer miles, gasoline credit card holders can earn points every time a purchase is made. These points add up over time and can be converted into free gas.
Purchasing a gasoline credit card may also be beneficial if you maintain a good credit history. Gas companies will fight to keep you as a loyal customer and lower your interest rates if you continue to use their brand. Many gas credit cards can initially be purchased at a zero interest introductory rate. This rate will last anywhere from six to twelve months. Be careful to read over the fees and agreements before choosing your card.
There are other incentives to owning a gas card including cash back bonuses of 1-2% at grocery stores or restaurants. Some gas credit cards offer free fraud protection services if your card is lost or stolen. A little bit of research can help you find the best card.
When deciding whether or not to get a gasoline credit card, think about the benefits of a company card or a rewards card. Both will help ease the stress of making an inevitable gasoline purchase. A gasoline credit card is best for the person who wishes to maintain a budget and control expenditures whereas the rewards cards can help you save money and get free gas. You can read more on gas station credit cards here.
by Gary B
With the high price of fuel these days it is rare to find a gasoline company that will give you a break on the price of gasoline, but with a gasoline credit card you may be able to ease some of the expense while monitoring your gasoline spending habits.
There are two basic types of gasoline credit cards. The first is a gas company card offered to customers through certain gas companies. This kind of card is beneficial to the person who is trying to control his or her gasoline budget. It functions similarly to a credit card with monthly fees and interest. Most gasoline credit cards require you to pay the balance in full at the end of each month. Although this kind of card limits you to purchasing gas or in-store items from the station where the card was purchased, it can be helpful if you are trying to control gasoline expenditures. A gasoline credit card is also generally easier to purchase than a traditional credit card.
The second gasoline card is the gas reward card that offers incentives through credit card companies. Some credit card companies have started rewards programs with incentives that offer free gas rewards. Similar to frequent flyer miles, gasoline credit card holders can earn points every time a purchase is made. These points add up over time and can be converted into free gas.
Purchasing a gasoline credit card may also be beneficial if you maintain a good credit history. Gas companies will fight to keep you as a loyal customer and lower your interest rates if you continue to use their brand. Many gas credit cards can initially be purchased at a zero interest introductory rate. This rate will last anywhere from six to twelve months. Be careful to read over the fees and agreements before choosing your card.
There are other incentives to owning a gas card including cash back bonuses of 1-2% at grocery stores or restaurants. Some gas credit cards offer free fraud protection services if your card is lost or stolen. A little bit of research can help you find the best card.
When deciding whether or not to get a gasoline credit card, think about the benefits of a company card or a rewards card. Both will help ease the stress of making an inevitable gasoline purchase. A gasoline credit card is best for the person who wishes to maintain a budget and control expenditures whereas the rewards cards can help you save money and get free gas. You can read more on gas station credit cards here.
Be Plastic Smart: How to Save Money on Your Credit Cards
Be Plastic Smart: How to Save Money on Your Credit Cards
by Jamie Jefferson
We Americans love our plastic. The average American has four credit cards, combined to provide access to about $19,000 in credit. We use them for everything from buying groceries to paying our utility bills to fulfilling our church pledges.
And all that credit can really cost us: Credit card companies made $43 billion from such charges as late payment fees, over-limit fees, and balance transfer fees in 2004 alone. (That's according to CardRatings.com)
But if you use your cards wisely, your use of plastic can help you save money and even help you earn bonuses. Here are four tips for being smart about your use of credit cards.
1. Make sure you have the best card for you and your family. Find the credit card that will give you the best interest rates, as well as the rewards that you need. About 60 percent of credit cards on the market today have some kind of rewards feature, whether it's airline miles, cash back, money for your child's college fund, or points toward merchandise at your favorite stores. If your card isn't offering you a premium of some kind, it might be time to shop around. Just make sure to also keep an eye on your interest rates and the other fine print before you make a switch or add a card to your wallet. Do your research on this before you make decisions because you don't want to be applying for a lot of cards or switching balances around too much.
2. The best way to be a smart credit card user is to not carry a balance on your card. If you don't keep a balance, then you are able to take advantage of the convenience your plastic offers as well as the card's rewards and premiums without paying anything in interest charges. Studies show that, on average, about 39 percent of Americans do pay those cards off completely each month. That's smart credit card use.
3. If you do carry a balance at any point in time, make sure your interest rate is as low as it can go. All it takes is a simple phone call to your credit card company to see if they'll lower your rate. If you have recently received an offer from a competing card, mention it to them to see if they can match it.
4. Don't go nuts with cash advances. Unless you are faced with a genuine emergency, it's a good idea to avoid using the cash advances that your credit card may offer. It may seem like easy money, but the fine print will often reveal additional charges, fees, and stipulations. Plus, it's an easy way to run up your balance beyond what you can afford to pay in the near future. Make sure you are well versed in all the fine print that your credit card offers.
by Jamie Jefferson
We Americans love our plastic. The average American has four credit cards, combined to provide access to about $19,000 in credit. We use them for everything from buying groceries to paying our utility bills to fulfilling our church pledges.
And all that credit can really cost us: Credit card companies made $43 billion from such charges as late payment fees, over-limit fees, and balance transfer fees in 2004 alone. (That's according to CardRatings.com)
But if you use your cards wisely, your use of plastic can help you save money and even help you earn bonuses. Here are four tips for being smart about your use of credit cards.
1. Make sure you have the best card for you and your family. Find the credit card that will give you the best interest rates, as well as the rewards that you need. About 60 percent of credit cards on the market today have some kind of rewards feature, whether it's airline miles, cash back, money for your child's college fund, or points toward merchandise at your favorite stores. If your card isn't offering you a premium of some kind, it might be time to shop around. Just make sure to also keep an eye on your interest rates and the other fine print before you make a switch or add a card to your wallet. Do your research on this before you make decisions because you don't want to be applying for a lot of cards or switching balances around too much.
2. The best way to be a smart credit card user is to not carry a balance on your card. If you don't keep a balance, then you are able to take advantage of the convenience your plastic offers as well as the card's rewards and premiums without paying anything in interest charges. Studies show that, on average, about 39 percent of Americans do pay those cards off completely each month. That's smart credit card use.
3. If you do carry a balance at any point in time, make sure your interest rate is as low as it can go. All it takes is a simple phone call to your credit card company to see if they'll lower your rate. If you have recently received an offer from a competing card, mention it to them to see if they can match it.
4. Don't go nuts with cash advances. Unless you are faced with a genuine emergency, it's a good idea to avoid using the cash advances that your credit card may offer. It may seem like easy money, but the fine print will often reveal additional charges, fees, and stipulations. Plus, it's an easy way to run up your balance beyond what you can afford to pay in the near future. Make sure you are well versed in all the fine print that your credit card offers.
How To Benefit From Pre paid Credit Cards
How To Benefit From Pre paid Credit Cards
by Gary B
A pre paid credit card is a great way to purchase items without dealing with the hassle of a traditional no, low, or high interest credit card. There are multiple benefits to purchasing a pre paid credit card and with the simplicity and ease of adding funds it might just be the best way to deal with the credit card jungle.
Most people have had at least one traditional no, low, or high interest credit card in their credit history. For some this has not been a problem if they consistently pay off the monthly amount due or at bare minimum pay a portion of what is due, but all too often people fall victim to credit card debt and then must deal with what seems like the never ending struggle to reduce debt while fighting off higher and higher interest rates.
A pre paid credit card has none of these issues. It simply works when money is either transferred or deposited into the credit card's account. Then the pre paid card can be used like a traditional credit card in most stores worldwide as well as online or with smaller merchants. Once the deposited funds are used up the card is no longer valid and can be thrown away or more funds can be added.
The people who could best benefit from this kind of credit card are those who struggle with managing debt. A pre paid credit card will break down your purchases and allow you to see where you are spending. Parents of teenagers can use a pre paid credit card to help their children understand fiscal responsibility.
Another benefit to using a pre paid credit card is protection when traveling overseas. This card can be used at almost any store worldwide and offers protection against loss or theft. Simply purchase the card at your local drug store or privately owned mail center, add funds through your bank, another credit card, cash, or direct deposit, and you are ready to go. If more funds are needed another transfer can be conducted and you will immediately have the means necessary to make expenditures.
A pre paid credit card has many benefits. It is the best way to learn how to use credit wisely and it is also the card that doesn't discriminate if you have past credit problems. Making good decisions with your spending will help you establish better credit and may even allow you to return to a traditional credit card, but with the benefits of a pre paid card you may not want to!
You can read more about pre paid credit cards here, where you can also see what card providers are offering pre paid credit cards right now.
by Gary B
A pre paid credit card is a great way to purchase items without dealing with the hassle of a traditional no, low, or high interest credit card. There are multiple benefits to purchasing a pre paid credit card and with the simplicity and ease of adding funds it might just be the best way to deal with the credit card jungle.
Most people have had at least one traditional no, low, or high interest credit card in their credit history. For some this has not been a problem if they consistently pay off the monthly amount due or at bare minimum pay a portion of what is due, but all too often people fall victim to credit card debt and then must deal with what seems like the never ending struggle to reduce debt while fighting off higher and higher interest rates.
A pre paid credit card has none of these issues. It simply works when money is either transferred or deposited into the credit card's account. Then the pre paid card can be used like a traditional credit card in most stores worldwide as well as online or with smaller merchants. Once the deposited funds are used up the card is no longer valid and can be thrown away or more funds can be added.
The people who could best benefit from this kind of credit card are those who struggle with managing debt. A pre paid credit card will break down your purchases and allow you to see where you are spending. Parents of teenagers can use a pre paid credit card to help their children understand fiscal responsibility.
Another benefit to using a pre paid credit card is protection when traveling overseas. This card can be used at almost any store worldwide and offers protection against loss or theft. Simply purchase the card at your local drug store or privately owned mail center, add funds through your bank, another credit card, cash, or direct deposit, and you are ready to go. If more funds are needed another transfer can be conducted and you will immediately have the means necessary to make expenditures.
A pre paid credit card has many benefits. It is the best way to learn how to use credit wisely and it is also the card that doesn't discriminate if you have past credit problems. Making good decisions with your spending will help you establish better credit and may even allow you to return to a traditional credit card, but with the benefits of a pre paid card you may not want to!
You can read more about pre paid credit cards here, where you can also see what card providers are offering pre paid credit cards right now.
วันอังคารที่ 15 เมษายน พ.ศ. 2551
How To Maximize Your Cash Back Credit Card
How To Maximize Your Cash Back Credit Card
by Tom Tessin
If you're into credit cards and rewards, sometimes the best reward to get back is simply cash back itself. What most people realize is how you can benefit and get the most cash back without having to worry about overusing your credit card. I'm going to write an outline on how you can reward the most from your purchases.
Let's put everything on your card
Everyone has their monthly bills that they have to pay. From your mortgage to your car payment, let's try and put as much as we can on the credit card. If you don't know how to pay bills such as your mortgage off with your credit card, simply request checks that are pulled from your credit card account. This will still help you with your cash back rewards and will act like a credit card purchase.
We need to make a bank account for the card
Sometimes people find themselves overlooking how much they put on their card. Since, your bills usually don't change from month to month, set up a bank account that is designed for your bills only. If your monthly bills are say, two thousand dollars, you'll want to keep that much money in your account so that you can pay off your bill in full. Remember, if you can't pay your bill off in full, you won't get the most for your rewards. Instead, you're going to have a hefty interest rate applied to your unpaid balance and this can get dangerous sometimes.
Be disciplined
This one kind of rubs off the last point and you need to make sure that you remember this word every time you make your purchases. If you're going to make purchases outside of your bills, you're going to have to make sure you have enough money to pay off these purchases. The best way to keep track of these purchases is by saving the receipts and keeping them in a folder along with your bills. This way, when the bill comes, you won't be surprised with how much is on your card. Another great way to check on how much is on your balance is by logging onto your online account. Your online account is usually up to date and will show you your exact balance.
In my opinion a cash back credit card is one the best cards on the market. Let's say you get five percent back on your purchases and you have three thousand dollars in bills each month, that's one hundred and fifty dollars. If we multiply that number by twelve months, you'll have eighteen hundred dollars. This amount is almost enough to pay off one month's worth of bills. Remember, you're getting all of this by using a credit card. You're not paying any extra money; you're just using a credit card. This should show you exactly how being disciplined pays off. If this plan sounds too good to be true, it isn't! It just takes a little discipline and motivation, and you'll be getting the most cash back in no time.
by Tom Tessin
If you're into credit cards and rewards, sometimes the best reward to get back is simply cash back itself. What most people realize is how you can benefit and get the most cash back without having to worry about overusing your credit card. I'm going to write an outline on how you can reward the most from your purchases.
Let's put everything on your card
Everyone has their monthly bills that they have to pay. From your mortgage to your car payment, let's try and put as much as we can on the credit card. If you don't know how to pay bills such as your mortgage off with your credit card, simply request checks that are pulled from your credit card account. This will still help you with your cash back rewards and will act like a credit card purchase.
We need to make a bank account for the card
Sometimes people find themselves overlooking how much they put on their card. Since, your bills usually don't change from month to month, set up a bank account that is designed for your bills only. If your monthly bills are say, two thousand dollars, you'll want to keep that much money in your account so that you can pay off your bill in full. Remember, if you can't pay your bill off in full, you won't get the most for your rewards. Instead, you're going to have a hefty interest rate applied to your unpaid balance and this can get dangerous sometimes.
Be disciplined
This one kind of rubs off the last point and you need to make sure that you remember this word every time you make your purchases. If you're going to make purchases outside of your bills, you're going to have to make sure you have enough money to pay off these purchases. The best way to keep track of these purchases is by saving the receipts and keeping them in a folder along with your bills. This way, when the bill comes, you won't be surprised with how much is on your card. Another great way to check on how much is on your balance is by logging onto your online account. Your online account is usually up to date and will show you your exact balance.
In my opinion a cash back credit card is one the best cards on the market. Let's say you get five percent back on your purchases and you have three thousand dollars in bills each month, that's one hundred and fifty dollars. If we multiply that number by twelve months, you'll have eighteen hundred dollars. This amount is almost enough to pay off one month's worth of bills. Remember, you're getting all of this by using a credit card. You're not paying any extra money; you're just using a credit card. This should show you exactly how being disciplined pays off. If this plan sounds too good to be true, it isn't! It just takes a little discipline and motivation, and you'll be getting the most cash back in no time.
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