Keller Williams Arizona Realty

Credit Card Secrets to Know

by Maureen Tatum 07/28/2019

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

Maureen Tatum

I pride myself in providing exceptional customer service to my clients by responding back to them quickly and addressing their own unique needs. I have been involved in real estate in the Phoenix area for over 25 years and I look forward to helping you sell your home or finding you a beautiful new one. Unlike other realtors, I am also a licensed Real Estate Appraiser, which gives me a unique in-depth background and a more complete understanding of the industry. My goal is to make your transaction as seamless as possible, while minimizing any surprises along the way. I would love to hear from you, please call or text me at 602-750-8711.