Fischer Realty

3 Credit Card Secrets

by Susan Baran 05/18/2019

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

Susan Baran

  

Hello everyone, my name is Susan Baran. As a long time resident of Indian River County and a Christ follower I believe God has led me to serve others with dedication, integrity and enthusiasm. My passion for real estate began years ago while my husband, Steve, was rehabbing homes for ministry outreach and hurricane relief. It did not take long for Steve and me to start personally investing, as we saw how real estate made an impact in people's lives. Thinking outside the box and concentrating on creating legacies through real estate, I focus on the individual and their goals to best serve them and their family.

As a Full Service Listing Agent, my specialties are: 

     § Probate

     § Cryptocurrency

     § Luxury Estates

     § Inherited Property

     § Investment Real Estate

     § Charitable Contributions

     § Multi-Family and Commercial

By combining old school techniques with new school technology I adapt to today’s ever changing real estate environment. I would love the opportunity to serve you.