There are many ways to take advantage of your credit card as nicely highlighted by the guys at Credit Card NZ, but in this post we would be looking specifically at the commonly overlooked benefit of credit card concierge services.
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Credit Cards
Contrary to popular belief, using a credit card is actually good for your finances, but before you jump for joy, it must be noted that a credit card needs to be handled responsibly for you to reap its benefits. If used right, credit cards are quite useful. In fact, the Bank of America notes that credit cards can help build your credit or even repair it. They can also protect your transactions and give you insurance for a number of things.
Credit cards, whether you love them or hate them, it’s more than likely that we have at least one in our wallet. The thing is that if we were honest a lot of us don’t know all the ins and outs of using them to pay for things. In fact, there is quite a lot of info that isn’t common knowledge that can stop you getting into trouble with your credit, or help you when you have. Read on to find out more.
Many of us are all too familiar with the weight of credit card debt. American families owe an average of $9,600 on their credit cards, which equates to around 17 percent of the average U.S. household income. Considering today’s steep interest rates and the growing number of Americans with poor credit, we can expect to see this debt grow by thousands each year.
Having credit card debt or personal loans has become a natural habit for many of us – some people don’t even think about their credit card as “debt” but relying on it to get by from month to month is a bad habit that can damage your long-term financial situation. But like all bad habits it can be broken and your finances will be healthier for it. Credit cards are so common now that it is rare to find someone without one unless they have a poor credit history (or, indeed, no credit history at all if they are young and just starting their first job), but just because they are common doesn’t mean you need one. You might think card debt is somehow acceptable, certainly more so than, say, doorstep loans or other short-term loans but working to build up some savings is always a better option.