| |
| |
|
Credit Information |
|
|
|
SuperCharged Secret 3, Credit Card Utopia
TURBO-CHARGED KILLER RATE SAVING INFORMATION! Let's just take a brief moment to recap: If you've been following along on this journey with me, learning the 5 Super-Charged secrets to Credit Card Utopia, then you now know 2 very important things: With me? Good. These are both essential foundations that you need to follow in order to live in Credit-Card Utopia. Now, let me flavor it up for you. What could be better than zero interest credit cards? What could be better than having the best, lowest, guaranteed credit card in your wallet? 1) How about cash? Would that work for you? How about a big fat check at the end of the year, in the thousands and thousands and thousands of dollars? Would you like to get PAID thousands of dollars each year, just for spending money that you ALREADY SPEND? You might realize that I'm not talking DIRECTLY about interest rates. But listen, I can't get much lower then zero interest. I need you to think creatively with me now. 2) Rewards Cards, otherwise known as incentive-based credit cards. Let's start there. These are no secret. Many of us have rewards cards. I have several, in fact, and I get many rewards for spending with them. I get airline miles, and I get gas vouchers, and I get discounts at online stores?AND?I get Cash. But let me talk about a HUGE secret that most people are not yet fully exploiting for their personal and financial gain. 3) My family and I are just now getting into making money with Cash-Back offers: Cash rebates, Cash-Back cards, those are the ones I want to focus on with you here, for a second. How do these cash-back cards lower your interest rate? Well, at this stage, it's a semantics game, but if you have 9% interest for example, and you use a cash-back credit card that pays you 3% on all transactions?Well, that's like getting a 3% discount on the rate, so your charge is more along the lines of 6%. It's not EXACTLY like that, but you get the point. More importantly, let's dig deeper. 4) I'm going to tell you how to TURBO-CHARGE this mechanism, and EXPLOIT IT FOR EVERYTHING it's WORTH. You see, your credit card company wants you to spend as much money as possible with their plastic. Yes, they'd like to charge you interest on debt. But even if you pay it off every month, did you know that they still make a profit on the transaction from the Merchant fees? Yes, the credit card charges the merchant a fee for swiping your card. It can range anywhere from 1% to as high as 6%... It does not impact you the consumer (directly), but it does give you some insight into why you can become business partners with your credit card company. 5) Secret # 3 revealed: Here's what my family and I are doing: We use our cash-back credit card for EVERYTHING. We simply have restructured our spending so that all expenses, or almost all expenses, go through our cash-back credit card. Grocery stores, restaurants, shopping, dining, gas?Everything. In fact, as of the writing of this article, American Express® has developed a Bill-Pay type system so we are able to actually pay some of our bills using our cash-back credit card. Can you imagine? A credit card company developing online bill-pay. Now, how SMART is that? 6) Let me ask you something. How much money do you spend every year on expenses? Don't get your calculator out, because the answer is simple. You basically, spend?.AS MUCH AS YOU MAKE? The vast majority of us do. So, let me ask you the same question a different way: How much money do you make? How much is 3% to 5% of that? I'll give you an example. If the average household income (and expenses) were around $50,000, then that means a savvy consumer, with a cash-back credit card, could generate a check every year of between $1500 and $2500. 7) Holly Cape Canaveral, Batman!!! That's $2500 free cash dollars, every single year! What would YOU do with all that free money? Buy a vacation, a new TV, some jewelry? Are you getting it, now? You must start looking at the Cash-Back credit card as more then just an incentive or reward. Frankly, it is a new source of income. 8) Now, here's the nitty-gritty on how we do this. It's simple. The first step, is we gathered all our credit cards, put them in an envelope, and put that envelope in our lockbox in the attic. We replaced all our plastic in our wallet with the cash-back credit card of choice. We also put an emergency debit card in our wallet, but the primary method now for spending, is to use the cash-back card. This takes care of gas, food, restaurants, etc. The second step, is the process of restructuring expenses through the online bill-pay system with our cash-back credit card company. We re-route as many expenses as possible through our cash-back card. It takes a little time, and doesn't happen in one day. But do the legwork. Be a smart consumer like my family and I. 9) There's a perk, too! The perk is outstanding! Have you considered, that my family and I only really have one payment a month to make? That's the goal we're moving towards anyway. So, think about how many bills you pay each month. Wouldn't it be nice to just make one payment out for all your expenses, rather then a check to the gas-card, a check to the utilities, a check to the Credit Card Company, etc.? Think of the convenience and time saved, to just make one payment out each month. 10) A lot of information to take in, yes? Let's pause here: If you've followed my train of thought, then you've come to the Secret knowledge of how to extract and exploit the power of these cash-back cards for everything they are worth. If you do this, even just the first part, you will take a money saving incentive program, and turbo-charge it into an actual income producing technology! Pretty, cool, huh? SHHH! It's a Utopian secret. We've enjoyed providing this information to you, and we wish you the best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense. Publisher's Directions: This article may be freely distributed so long as the copyright, author's information, disclaimer, and an active link (where possible) are included. Disclaimer: Statements and opinions expressed in the articles, reviews and other materials herein are those of the authors. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site. About The Author Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products. His website seeks to provide free online resources for the consumer, including rate-watch, tips and articles, financial communication, news, and links to products and services. You can check out Tom's website here: http://loanresource.org, or you can email Tom at info@loanresource.org.
MORE RESOURCES:
Credit - Google News |
|
|
|
RELATED ARTICLES
Rebuild & Keep Good Credit Ratings by Understanding Your Credit Cards Secured Credit Card is similar to a prepaid credit card since the funds you are using are actually yours and not the issuer of the credit card. Generally people who apply for secured credit card or prepaid credit card are people with poor credit or unemployed. Which Credit Card? Bewildered by the sheer variety of debit cards and credit cards? Here is a breakdown of some of the main types of debit and credit cards available:Debit cardYou can use a debit card to buy goods and services. A debit card is very much like a cheque, unlike a credit card, you pay for goods straight away and the money comes out of your account quickly. Cutting Credit Card Costs What are the APRs charged by the credit cards in your wallet? If you are paying more than 12% interest on any of them, you are probably paying too much. The prime rate is currently in the single digits, so credit card companies that charge above 13% APR are overcharging. How Your Credit Rating Affects You, and How to Check It You might not know it, but every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating. Who keeps a record on you will vary according to where you live, but the big three credit reference agencies are Experian, Equifax and Trans Union. Credit Repair, How To Credit repair, is in a word, vital to reestablishing your credit. Unless you plan to never use your credit again, then you have to find a way to fix it. How To Avoid Becoming A Victim of Identity Theft With identity theft statistics currently at an all time high, and climbing, it just makes sense that we should all be doing everything we can to protect ourselves.One of the most prevalent yet overlooked ways your personal information and passwords may be being compromised is through the presence of Spyware on your computer. Credit Card Entrapment - The Secrets are Out Have you ever wondered why your credit card bill is so high and you can't seem to pay off the balance? Well you are not alone in this. You should be aware of a couple of trick that they use and you probably don't even pay attention to it, but you definitely pay for it and BIG!The next time you open up your credit card statement, take a real close look to all the "junk" inside particularly the very hard to read insert Call "changes to you credit card agreement". Everything You Always Wanted To Know About Your Credit Report Your credit report is a very powerful report that essential controls what you can and cannot do in your life. Unfortunately many people aren't aware of what a credit report actually is and what information is contained on the report. Getting Married? What Are The Finance and Credit Implications? There is a big difference between looking after your own finances while living alone, or with parents, and living with a partner. The transition can be very difficult, especially if both partners are strongly independent, or one partner is financially weak and the other strong. Credit Problems? Heres How to Manage Your Creditors If you find that creditors are calling you almost daily or that one of more of your bills has been turned over to a collection agency, you should know how to manage your debts.First, prioritize then or rank them in terms of the ones that can give you the most trouble the soonest. Boosting Your Credit Score To Get The Best Credit Card Deal Making Your Credit Rating Work For YouOne of the basics of getting the most competitive credit card deal in the market is to ensure you have the best credit record possible. Few of us are lucky enough to be earning a six-figure salary, and many people are likely to have other financial undertakings that a potential lender will want to take into account. How To Use Your Credit Card For Ultimate Financial Advantage Using a credit card wisely is an important step in building a great credit rating. If you're trying to re-build your credit or if you're young and just starting out, pay close attention the next time you receive a new card offer in the mail or online. Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers What is trade credit?One of the major differences between consumer and commercial transactions is that most, if not all, consumer transactions are paid in cash or by credit card at the time of sale. Because of this, most consumer businesses never have to worry about extending credit to a customer and can run their operations on an "all cash" basis. Credit Cards Can Help You Get Out Of Debt Your credit rating / credit score is based upon how you have dealt with credit previously. If you have always paid the full amount owing and never missed a payment then your credit score will be high. Credit cards If gold medals were awarded for marketing consistency, the credit card industry would be the Sarah Hughes of the business world. Major players Visa and MasterCard, who have maintained their steady rates of spending and commitment to their positioning platforms for years, will stick to their established routines this year. Credit Scores and Loan Applications Keep Your Credit History Clean - Remove A Negative Credit Record From Your Credit ReportIt can make a difference of up to 18% in loan repayment costs. For example, on a 30-year, $150,000 fixed rate mortgage, a borrower with the best credit score, 760-850, will pay 5. A No-Brainer Way Of Getting Credit And Credit Cards What Is Your Credit Rating Now?If you have any charge accounts now, or have ever borrowed from the bank to buy a car, or if you ar paying on a mortgage, there is credit information on you.Up until a few years ago, you could only guess at what your credit rating was, because the credit bureaus who keep track of borrowers wouldn't tell the borrowers anything! But that's been changed through several laws, and now the bureaus have to send you your credit file when you request it. Credit Score - for Scoring the Right Loan Somebody once said, "There is always a way of knowing your limitations and going beyond it." It is fundamentally true with respect of credit score. Inflexible Friends and Plastic Assets, Why Money isn't Buying Love Anymore Consumers reject financial advice in favour of financial frivolityIt would appear that even though their "friends" aren't as flexible as they used to be, consumers are still stretching their credit cards beyond the comfort zone.The vicious circle of debt manipulation involving banks, consumers and commercial credit companies is putting consumer spending under strain, as funds begin to dry up. Credit Cards -- What You Should Know There are a lot of questions about using credit cards. Here's some important points for you:A quick look around on the Internet this morning shows that more than 9 million people in the UK do not pay off their credit card balances each month.
|
| home | site map |
| © 2006 |
