Guys.... welcome again with my blog.... first i hope you are fine with your health. And then i want to tell about the Credit Card, before this I'm already to explain about Credit in my before blog. Now is about Credit card, Credit cards are one of the facilities from banks that easier for customer transactions and you remain rub the credit card and you just pay when the bill arrived. Credit card is a any card that may be used repeatedly to borrow money or buy products and services on credit. Issues by banks,savings and loans, retail stores, and other bussinesses (i take this definition in http://www.investorwords.com/1199/credit_card.html)
Before you get a credit card you must know about Annual Percentage Rate(APR), Grace Period,Annual Fees,transaction fees and the last is balancing computation method for the finance charge.
First is APR, APR is a numeric representation of your interest rate,when deciding between the credit cards,APR can help you compare how expensive a transaction will be on each one.And second is the Grace Period, some credit card companies offer a grace period for new purchases, If you only make purchases and pay off your ending balance each month by the due date,you pay just the amount you owe with $0 interest.However, if you opt to carry a balance on your card, you pay the agreed upon interest on your outstanding balance.Third is annual fees charged by a credit card company each year for use of a credit card. This is a separate fee from interest rate on purchases. While annual fees were once common, they largely disappeared in the '80s and '90s, remaining only on a few clasess of cards, such as secured cards or those that offer airline frequent flier miles as a reward. Fourth is Transaction Fees, a common and costly mistake when shopping for credit card processing services is to focus on a processor's rate while playing little attention to transaction fees. The financial impact of this mistake is especially damaging for businesses with a low average sale amount. and the last is balancing computation method for the finance charge.
Details of all transactions you make will be shown on your statement along with the minimum amount you must pay and the date by which your credit card provider must receive at least your minimum payment.Using a credit card is like getting a loan. Every time you charge something, You are borrowing until you pay it back later that month, or over time. In exchange for this loan, the credit card company adds interest charges to your company, in exchange fir this loan, rhe credit card company adds interest chargest to your account,which you must pay along with the purchase amounts.... Maybe thats all my explaination about credit card.... I hope we can control to buy anything with credit card , so we can use the credit card with self-awareness to purchase goods.
thanks all for atention :)
I Think that's all of my blog. Hopefully whats is read can
be beneficial to you.
Thankyou ^^
1 komentar:
Credit cards can be scary but beneficial if you are armed with the right amount of knowledge! Your bank will send you everything you need to know about their card, giving you the information you need to make a great selection. Some companies even offer airline miles! Make sure you get the benefits you deserve when selecting a credit card!
Posting Komentar