Categories
Loans

Good, Bad, And Ugly Credit Scores

When you’re in the market for borrowing money, if you have a good credit report, it’s like a green light for traditional lenders. These lenders will more than likely see you as a risk-free applicant capable of paying back the loan. On the other hand, a bad credit score is like a yellow light, causing the lender to possibly pump the breaks and take caution when offering you a loan. However, regardless of whether your credit score is flashing metaphorical green or yellow lights , there are lenders out there willing to work with those with both good and bad credit.

Borrowing with Good Credit

A good or excellent credit score is your ticket to low interest rates when you take out a loan, so the better your credit score, the better interest rates you’ll receive. This is because a good credit score reveals that you’ve most likely paid your bills on time, kept low credit card balances, and maintained a healthy mix of credit. These are all aspects that lender will look into when deciding whether you’re a good candidate for borrowing money.

In the case of a strong and positive credit history, lenders are more inclined to trust that you will make your payments on the loan, therefore they don’t tend to tack on expensive fees or high interest rates since you are a low risk.

Borrowing with Bad Credit

In contrast, if bankruptcy filings, unpaid tax liens, missed payments, and foreclosures litter your credit report, then you may not receive the best interest rates on your loan. You see, a bad credit score is a representation of your financial behavior, so if your score has seen better days, the lender may not trust that you’ll responsibly handle the loan.

So if your poor credit history deters a traditional lender from lending you money, what are your options?

When you truly need emergency cash to cover one of life’s emergencies, you could look into a bad credit lender. These lenders offer bad credit personal loans to those who don’t have the luxury of qualifying for a traditional loan. But because these lenders will work with you despite your risky financial past, they usually hike up the interest rates and charges to cover the risk factor. These extra charges act as a form of collateral in case you don’t repay the loan in a timely manner.

Borrowing in General

Regardless of whether you’re applying for a loan from a traditional or bad credit lender, there are a few things you should keep in mind before signing up.

First, consider the ways in which you plan on paying back the loan, work the loan repayment into your budget or search for ways to cut back on spending in the meanwhile. You can very quickly fall into a slippery slope of paying pricey interest rates and late fees on the loan if you are unable to pay it back in short order, so it’s best to determine a game play before applying.

Next you’ll want to read all of the terms and conditions of the loan. The lender should provide you with information regarding the price of the loan, fees, payment deadline, renewal conditions, and any repercussions should you not repay the loan. If any of this information is missing, find a different lender who will disclose all of these specifics.

Finally, if you have any questions regarding the loan, don’t hesitate to ask the lender, and don’t apply if you are unclear about any of the terms or conditions of the loan.

Categories
Finance

Lifelong Saving Goals

Have you ever wondered how your savings compares to others’ accounts? Do you know what kind of account you should rely on to help build your savings? Here is a look at the rate people should be saving money for a comfortable retirement.

Teen Savings Goals

ACCOUNT: Basic Savings (With Parents)

Children and teens need to learn what savings means, and they need to inherit the habit of saving from their parents. Basic savings accounts that are shared with parents are ideal for teens that might still need some parental guidance. These accounts should be different from college savings, because this account should never be touched. Teens should be taught to save for the future.

Set goals with your teen and establish a timeline for savings. An average teen has no expenses and can thus save more than someone in their early 20s. If you started saving at this age, you could save just 8 percent of each paycheck to meet a retirement goal.

You’re 25. Now What?

ACCOUNT: Savings Online

People in their mid-20s should have a solid savings established. While it might be tempting to touch it between jobs, the goal is to forget you have that money stored up. Busy 20-somethings should try to save money using accounts that are accessible online, because they spend so much of their lives online.

By the age of 25 the average person should have $10,000 in savings. This money could be moved into less accessible accounts, such as CDs. If you started saving at this age, you would need to save 15 percent of each paycheck to reach a retirement goal.

35 Candles: How Much Savings?

ACCOUNT: CD Accounts, Money Market Savings

Once you reach your mid-thirties you should be comfortable saving money and leaving it alone. By 35, you’ve mostly sustained an injury or two that’s made you consider how important retirement savings will be, too. People in their thirties should consider CD accounts and money market savings.

Once you have children it might be more difficult to save money. Remember that your habits will inspire your children to be good savers too (or not). Show your children what it means to be financially conservative by asking them to contribute a few dollars a month to the family vacation fund.

When you reach 35 years of age you should have about $100,000 in savings. If that doesn’t sound like you, don’t worry: most people have had ups and downs in their thirties that require them to work hard and rebuild accounts. If you don’t start saving until 35, you will need to save 30% of each paycheck in order to retire.

You’re 50. Is Your Account Mature, Too?

ACCOUNT: High Yeild Savings

Once you have more money in savings it’s easier to demand a higher-interest account. Go into your bank and ask about options. The national savings rates might be one thing online, but when you go into the bank savings rates could be adjusted for your situation. You might be surprised how much attention the bankers give you, and how well they explain complicated terms.

It might be wise to hire an accountant during tax time, or to get a financial advisor occasionally. Your savings could easily be put to work for you in smart mutual funds, bonds, or safer stock options. By the age of 50 your account should be larger than $200,000, conservatively. Those who wait until 50 to save for retirement would need to save every single red cent they earn if they wanted to retire.

Saving money is essential if you want to rest and relax in your senior life. Try to image yourself working as a bagger at Publix when you’re 72 years old because your professional career forced you into retirement and Social Security has become non-existent. This grim possibility will inspire you to save more, spend wisely, and appreciate every bonus check you get to invest.

Categories
Credit cards

Why People Love to Hate Citi Credit Cards

The beginning of every New Year means a rush of new and exciting credit card offers from all the different credit card companies that are competing for your business. This bodes well for you, the customer, because the increased competition means better terms on credit card deals offered by the major card issuers. Citi has some of the best credit card offers on the market, and they have a broad variety of different credit cards to suit whichever need you may have and all types of credit scores. If you are considering to apply for a Citi credit card, I recommend you check out my suggestions below where I break down the best Citi credit cards by category. You can also compare Citi credit cards here.

Best Citi Travel Credit Card

Citi Hilton HHonors Visa Signature Card – The Citi Hilton HHonors Visa Signature card is my choice for the best Citi credit card currently available that’s geared towards travel rewards. With the Citi Hilton HHonors card, cardholders receive 40,000 Hilton HHonors Bonus Points after they spend $1,000 in the first four months of using the card. In addition, cardholders receive 6 HHonors Bonus Points for each dollar spent at a Hilton hotel, 3 HHonors Bonus Points for each dollar spent at supermarkets, drugstores, or gas stations, and 2 HHonors Bonus Points for each dollar spent on all other purchases. There is also no annual fee to use the Citi Hilton HHonors Visa Signature card.

Best Citi Cash Back Credit Card

Citi Dividend Platinum Select Visa Card – The Citi Dividend Platinum Select Visa Card is my choice for the best Citi cash back credit card currently available. With the Citi Dividend Platinum Select Visa card, cardholders receive a $100 cash back bonus after they spend $500 using the card in the first three months of having the card. In addition, the card offers a 0% Intro APR on balance transfers and purchases for 12 months, as well as 5% cash back on purchases at Zappos.com, fitness clubs, and drugstores. Cardholders also receive 1% cash back on all other purchases, and do not have to pay an annual fee.

Best Citi Balance Transfer Credit Card

Citi Simplicity Card – With the Citi Simplicity Card, cardholders receive a 0% Introductory APR on purchases and balance transfers for 18 months. In addition, there are no late fees for late payments with the card, and there is no annual fee to use the card.

Best Citi Bad Credit Credit Card


Citi Secured MasterCard –
 The Citi Secured MasterCard is my choice for the best credit card for bad credit offered by Citi. With the Citi Secured MasterCard, cardholders pay a 3% balance transfer fee if they are transferring a balance to the card, and only have to pay a low annual fee of $29. The Citi Secured MasterCard is a great entry-level credit card for those looking to increase their credit score.

Categories
Credit cards

Top 3 Balance Transfer Credit Cards

Tax season just ended and that probably means you have your finances front and center in your mind. Since you just filed your taxes, chances are you won’t really have to worry about them for another year unless you face some extraneous circumstances like an audit. However, since you’ve been thinking about your finances, now is a good time to take a look at your credit card situation. If you’re carrying a significant amount of credit card debt on a high interest credit card, it may benefit you to consider some 0% APR on balance transfers credit cards in order to consolidate that balance onto a credit card that will not charge you interest for a long enough while that you can pay that balance down. Deciphering all the credit card offers out there can be confusing, however, so I’ve broken my favorite balance transfer credit cards down for you in this post.

Here are the best balance transfer credit cards currently available:

1.   Discover it Card – The new Discover it Card from Discover is my favorite balance transfer credit card currently on the market. With the Discover it Card, cardholders receive a 0% Intro APR on balance transfers for 18 months in addition to a 0% Intro APR on purchases for 6 months. The Discover it Card also features no annual fee, no overlimit fee, no foreign transaction fee, and no pay-by-phone fee. And if you’re late for the first time, Discover will not charge you a late fee or increase your APR. My favorite part of the new Discover it Card, however, is the 5% cash back cardholders receive on purchases in rotating categories throughout the year, as well as 1% cash back on all other purchases. The Discover it Card also features a Cashback Concierge to help them cardholders get the most out of their rewards.

2.   Slate from Chase – The Slate from Chase card is another one of my favorite balance transfer credit cards currently available. With the Slate from Chase card, cardholders receive a 0% Intro APR on balance transfers for 15 months. Although the card does not feature a rewards program like the Discover it Card, it more than makes up for it by requiring no balance transfer fee. The Slate from Chase card is one of the few balance transfer credit cards on the market that does not require the typical 3% balance transfer fee. In addition, the 15 month 0% APR Intro period also extends to purchases as well, and requires no annual fee.

3.   Citi Simplicity Card – The Citi Simplicity Card rounds out my list of the best balance transfer credit cards of Q2 2013. With the Citi Simplicity Card, cardholders receive a 0% Intro APR on both balance transfers and purchases for a full 18 months. In addition, the card requires no annual fee, no penalty rate, and no late fees.

So what are you waiting for?

There’s no reason you should be paying interest on your credit card balance when you can consolidate that balance onto another card that will buy you over a year of time so that you can pay that balance off completely.

Categories
Credit cards

When Professionals Run Into Problems With Lower Your Credit Card Interest Rate, This Is What They Do

Credit card interest can be devastating to cardholders who are trying to pay off their debt. Once they start to carry a balance, compounded interest is accumulating on every purchase from the moment of the transaction. And as unsecured debt that is never tax deductible, credit card interest rates are higher and impact families more than home, car, or student loans. However, there are ways to cut your credit card interest payments every month.

Experienced cardholders may already know how to shop around for the lowest interest rate or apply for a new card with a 0% APR promotional financing offer, but consider some of these strategies that are a little more advanced:

1. Pay early

Since credit card interest is computed based on your average daily balance, every day you wait to send a payment will incur more interest. In fact, you don’t even have to wait for your statement to make a payment.

2. Pay often

It can appear to make sense to save up as much money as possible before making a payment, but actually it doesn’t. Even if you only have a portion of what you intend to pay, it is better to pay it now rather than later. Ideally, cardholders could make each payment shortly after they receive their own paychecks or other income.

3. Pay electronically

Since every day counts, make sure you are making electronic payments from your bank account rather than mailing a check.

4. Use a separate card for making payments in full

When cardholders have credit card debt, but need to use their credit cards for additional purchases, they should consider charging a limited amount to a separate card that they can pay in full each month. In this way, one card retains its interest-free grace period while the cardholder continues to pay down his or her debt on another card. But be careful; cardholders who fail to pay their entire balance in full and on time each month will not save any money at all.

5. Ask for a promotional financing offer

You don’t necessarily have to apply for a new credit card to receive a 0% promotional financing offer on balance transfers or new purchases. In some cases, cardholders receive these offers in the mail that allow them to take a break from incurring interest. So it stands to reason that cardholders can contact their bank and request that such an offer be extended to their existing account. Customers should indicate that they are considering cancelling their account in order to be transferred to a “retentions” agent that can extend such an offer.

6. Ask for a lower interest rate

If a cardholder can’t receive a promotional financing offer, he or she can request a lower interest rate. Cardholders in good standing with improving credit can have their interest rate successfully re-evaluated. Again, it helps to mention cancelling the account in order to receive these offers from a retentions specialist.

By utilizing every available tactic and strategy to minimize their interest rates, cardholders can work to pay off their debt as soon as possible.

Categories
Finance

A Step-by-Step Guide to Holiday Gifts Budget

Are you faced with the dilemma of too many loved ones, and not enough money? You have two options; cut down the friend count or cut down the cost. Okay, so the first example is a little dramatic. Here are some suggestions that will help keep your friends, and your wallet happy during the holidays.

1. Pinterest

Log on to Pinterest and visit that DIY board that you have been creating for a year. This gives you an excuse to do some of those crafts, and give a personalized gift.

Example: Last year I made most of my gifts. My favorite was wine glasses dipped in chalkboard paint. Dip the glass in the paint from the base to the stem. Guests can write their name in chalk on the base of the glass. This gift is cheap, cute and creative.

2. Street Art/Jewelry

If you live in any decent sized city, there are plenty of street venders that sell their arts and crafts at low prices.

Example: There is a man in San Francisco that makes beautiful rings out of old spoons and forks. They are only $5.00 each, and are a great unique gift.

3. Markets

There are a lot of hidden treasures at local markets that can be overlooked. You can find one-of-a-kind treasures and restore old gems.

Example: My mother collects old pure white dishes. A local market was swarming with options, and at low prices. Spruce them up, and they are better than new!

4. Baked Goods

Everyone loves a good holiday treat, homemade especially. Instead of buying already baked goods, make your own for less. You can also combine all the (non perishable) ingredients into a mason jar along with instructions so they can recreate your masterpiece later in the year.

There are many ways to give the gift of Christmas without spending a fortune. Give a more personal and creative gift this year. These alternatives are not as time consuming as they seem, plus they are a lot of fun. Last year I saved money and my friends loved their gifts. What ways do you save? What other alternative gifts do you give?

Categories
Finance

8 Common Reasons Why Your Couponing Isn’t Working (And How To Fix It)

Coupons have captivated consumers for decades, and you don’t have to necessarily engage in ‘extreme couponing’ to get considerable savings from the many deals and promotions offered by retailers. All it takes is a bit of planning and organization to start saving with coupons in no time; get started today with our Guide to Couponing!

The Basics

• Coupons can’t be used more than once. You cannot buy five cans of soup and scan a $2 off a can of soup coupon five times.

• Coupons can only be used for the described item.

• Only one coupon is allowed per item. If you have two $3 off toothpaste coupons, you may purchase two toothpastes to use both coupons. Coupons usually say “one coupon per purchase,” meaning that two coupons cannot be used on a single toothpaste.

• Copying coupons is illegal. Avoid infringing the law and search for coupons legally such as in newspaper or magazine flyers.

• Coupons may be used on clearance or sale items. Unless the coupon says otherwise, use your coupon to add the savings on clearance or sale items.

• Expiration dates on coupons can’t be negotiated. Once a coupon expires, toss it away and search for new ones instead.

• Ignore the nice pictures and read the coupon’s printed information. Check the coupon information, as manufacturers tend to place the picture of their most expensive products on coupons.

Statistics and Facts

Couponing has a rich history since consumers have been taking advantage of the extra savings on their regular purchases for over a century. Check out some interesting statistics and facts about couponing:

2010

• 332 billion coupons were distributed on this year alone.

• 3.3 billion coupons were redeemed by shoppers.

• $1.44 was the average savings per coupon used.

• $485 billion was the total value of distributed coupons.

• $3.7 billion was the total savings for consumers.

2011

• $470 billion was the total value of distributed coupons.

• $4.6 billion is the total savings for consumers. This means only 0.98% got redeemed.

• $1.54 was the average savings per coupon used.

• 27% of coupons required multiple purchases.

Miscellaneous statistics

• 9.9 weeks is the average expiration length of coupons.

• 42% of smartphone or tablet users have redeemed a mobile coupon.

• Amongst women, moms are twice as likely to look for coupons online.

• $100 is the estimated savings for an hour of couponing.

Where to Find Coupons?

There are many coupons available free, if you know where to get them. The best ways to get coupons are:

• Newspaper and magazine inserts. Check out local newspaper and popular magazines for regular coupons for popular items.

• In store. Search for coupons on product labels, store shelves, at cashiers, and on the back of receipts.

• Online. Search free coupon sites that provide printable coupons for groceries.

• Junk mail. Top value manufacturer coupons can be found in the usual junk mail, so be sure to check your mail before tossing it away.

• Direct from the manufacturer. Go to manufacturers’ websites, which may provide printable coupons. You may also contact manufacturers directly to ask for coupons.

• Store mailings. Sign up with your local store for frequent shopper cards to find the latest specials and deals.

Organize your Coupons

There are many ways to organize your coupons, but the main thing to do is find the one that best suits you. You can sort your coupons by product, expiration date, or alphabetically. In addition, here are some simple ways to store your coupons:

• Regular household items. Take advantage of what’s lying in your home already to store your coupons like plastic sandwich bags, shoeboxes, or envelopes.

• Binders or index card box. This is a great way to file your coupons in an easily accessible and neat manner.

• Coupon organizing software. There are many websites with cool software tools that allow you to manage all your coupons with ease.

Top Couponing Mistakes

Now that you now the basics about couponing, it’s important to avoid the most common couponing mistakes that plague shoppers. Avoid these five common mistakes to save even more on every trip to the store:

• Not reading the coupon’s fine print or knowing the store policies. This is a common mistake for coupon rookies. Just make sure to check the expiration dates, guidelines, and any other restrictions that a coupon might have.

• Missing ‘stacking’ chances. You can optimize your savings by stacking coupons, meaning that you can use both a manufacturer and a store coupon on a single product.

• Not using coupons for items on sale. If applicable, use your coupons on items on clearance or sales to save big.

• Not checking the specific-size requirements and guidelines. Always buy the right size for the product described on the coupon. If you do not follow the coupon’s guideline, you’ll get no discount at the register.

• Purchasing products that you don’t need just because you had coupons for them. Shop smart and make a budget before you start buying every product that has a coupon. Buy things you need and will actually use.

Leading Couponing Sites

Do you have trouble finding the best couponing sites? Here is a list of the most sought-after couponing websites based on average monthly unique visitors:

1. Groupon

2. WhaleShark Media

3. LivingSocial

4. Coupons, Inc

5. DeedOrGreed

6. DealsPL.US

7. CouponAlert

8. MyPoints

9. BradsDeals

10. FatWallet

Coupon Slang

Know the slang related to couponing to recognize deals or promotions that you might have missed otherwise.

• BOGO = Buy One Get One Free.

• DOUBLE COUPON = Grocery store doubles its value.

• IP = Internet Printable Coupon.

• MIR = Mail In Rebate.

• NED = No Expiration Date.

• OYNO = On Your Next Order.

• PEELIE = A coupon you peel off a package.

• PSA = Prices Starting At.

• Q = Coupon.

• STACKING = Using a store and a manufacturer coupon together on the same item.

• WYB = When You Buy.

Couponing can be a great way to start saving on your usual daily purchases and reach your financial goals. You can save hundreds of dollars per month by knowing how to coupon correctly and adjusting your shopping habits accordingly.

Categories
Loans

The Best Kept Secrets About Personal Loans

Living in the United States is costly. It seems like every time you turn around, prices on virtually everything climb noticeably higher and higher. As a result, many times you can find yourself in need of something and not have the cash on hand to pay for it. It is in these cases that it may become necessary to opt for personal loans.

A personal loan is defined as an agreement between people or a financial entity for the purpose of granting money that requires repayment. Usually there is an additional percentage of the borrowed amount that needs to be paid back on top of the principle amount. This is called interest. Loans are typically made with a set repayment schedule with payments made weekly or monthly.

There are several different financial entities that offer personal loans. These include:

  • Banks: Perhaps the most common institution to acquire a personal loan from is a bank. Banks typically have an entirely separate department dedicated solely to the granting of loans. It is usually possible to get a loan from a bank whether or not you are a member. However, it is considered much easier to acquire one if you have a history with them. There are a wide variety of different types of banks. These include commercial banks, private banks and internet-only banks.
  • Credit Unions: A credit union is very similar to a bank in many ways. However, a credit union is actually owned by the people who have accounts with it. All directors are voted in by the members of the credit union, regardless of the size of their account. Loans are typically only granted to someone who is actually a member of the credit union.
  • Peer-to-Peer Company: Also known as “social lending,” this type of institution is a relatively new phenomenon. Peer-to-peer companies are made up of private lenders that allow people to borrow without the intercession of a professional entity like a bank. Many times, the loan granted to an individual is spread out among several different lenders to reduce risk. The popularity of the Internet, combined with the recent financial crisis, has made peer-to-peer lending an increasingly popular lending source.
  • Online lenders: For people that have bad credit or that need money fast and cannot wait for an extended time of approval, online lending might be the best option. The borrowed amounts are usually smaller than other options and are meant to be repaid on a short term. Interest rates may be higher than with other more traditional options, but the convenience of getting cash fast regardless of a bad credit record makes it an attractive alternative for many.

There are many different types of personal loans. These include:

  • Unsecured Loans: These types of loans are the most common when a person refers to the title “personal loan.” An unsecured loan is money lent without any type of tangible asset given as collateral. Unsecured loans are typically more difficult to acquire since the lending institution is placed at a considerably higher risk for repayment. The rate of interest on the loan is almost always higher than their secured counterpart. A person’s credit rating is usually the sole factor used in determining a potential borrower’s eligibility for an unsecured loan.
  • Secured loan: Some secured loans are also considered personal loans. A secured loan is money lent with some form of collateral used to secure repayment. If the loan is not repaid, the collateral is then taken into possession by the lending entity. The most popular types of secured loans would be an automobile loan or a mortgage. These loans would not necessarily fall under the umbrella of a personal loan. However, many secured loans will require the clear definition of what the funds will be used for. The purchased item can then be pledged as collateral for the loan. For example: A borrower requests a loan in order to purchase a computer. Defined as part of the lending paperwork, the computer will be forfeit if the loan is not repaid.
  • Cosigned Loans: In many circles this is actually considered a type of secured loan. When the loan is being considered, if the borrower does not have sufficient credit to obtain a personal loan or any collateral to secure it, a third party will also sign the loan contract. In the event that the borrower defaults on the loan, the cosigner would be liable for repayment. If the cosigner does not repay the loan, the lender can seek legal recourse against them for repayment. The cosigner’s credit score can also be negatively impacted if the loan is not repaid.
  • Payday loans: Payday loans are usually short-term loans that are meant to be repaid with the next paycheck. For the most part, the loan agreement stipulates that the lender is allowed to directly withdraw the money from the borrower’s bank account on the repayment date. A payday loan usually includes a higher rate of interest, but since it is designed to be repaid quickly the interest rate can be reasonable. The key is to repay it in the stipulated length of time and avoid asking for extensions.

Purposes of personal loans

The list of reasons to obtain a personal loan is virtually endless. In this age of excessive credit and financial disarray, one of the more popular reasons is to pay off steep credit card debt. Usually the interest rate on a personal loan is lower than that of a credit card. By obtaining a personal loan to pay off these credit cards, the borrower can end up paying less money in the long run. It is also helpful in the fact that there is only one payment required every month. This can help avoid costly fees and penalties if the borrower neglects to repay one or more of the monthly credit card payments.

Personal loans are also helpful with home improvements. Since these improvements do not provide any collateral, such as you would find in a mortgage, personal loans can be the most cost effective way to perform them.

Personal loans, in one form or another, are some of the oldest methods of borrowing money still used today. Throughout history, lenders of one form or another have offered these types of loans to meet the needs of many different types of borrowers and situations.

Categories
Credit cards

Qué tarjeta de crédito me conviene?

El mercado ofrece cientos de productos financieros, préstamos personales en línea y líneas p crédito. Las características de cada tarjeta las hace completamente diferentes, por esta razón necesidades critical comprender que tarjeta de crédito me conviene de acuerdo a mis necesidades. La tarjeta de crédito perfect para todas las personas sin excepción, es la tarjeta que ofrezca la mayor línea p crédito al menor interés. De igual manera, si debe viajar al outside frecuentemente, necesitaría una tarjeta que pueda usar en los países que visita. Para la fecha existen más p 180 tarjetas de crédito diferentes en la república mexicana. Cabe recordar que este número no incluye tarjeta de débito o cuentas de ahorro de las que hemos hablado antes. Cada una está diseñada para un perfil de usuario en special.

¿Qué características debe tener la tarjeta de crédito perfect o las mejores tarjetas? El nivel de aceptación corresponde con un tan fácil es emplear la tarjeta de crédito como medio de pago en distintos establecimientos comerciales. En México la tasa de interés se reporta como máxima tasa de interés anual. La tasa de interés es una de las principales razones que determina cuánto cuesta financiar sus compras. Por ejemplo, si paga 1,000 pesos con la tarjeta y la tasa de interés anual es del 10%. Se deberá pagar 100 pesos extras that a los 1,000 que se gastaron si se cancela el monto en 12 meses. Bajo Costo Anual Total CAT

El costo anual complete, incluye todos las comisiones, más los intereses, y cualquier freight additional que la institución financiera exija para otorgar el crédito. Algunas tarjetas exigen incluso seguro de vida. Todos estos costos los paga el cliente y determinan el costo o precio final que paga por el crédito que usa.

Amplia línea p crédito

La cantidad de dinero que puede consumir y financiar. Mientras más amplia sea la línea p crédito mayor poder de compra tendrá. Por ejemplo si el límite máximo de una tarjeta es 5,000 pesos, ese es la máxima cantidad que puede financiar. Ahora bien, si la tarjeta de crédito tiene 50,000 pesos p límite, el poder de compra es 10 veces mayor que la primera.

Tiempo de pago

El tiempo de pago es el lapso que transcurre entre la emisión del estado de cuenta o recibo de cobro y el tiempo en que se debe pagar. El tiempo de pago promedio es de 20 a 25 días posterior a la fecha de corte o emisión del estado de cuenta. Algunas tarjetas permite que el cliente decida qué día p corte desea para su tarjeta y así planificar mejor sus finanzas personales.

Cuota anual

Algunas instituciones financieras cobran anualidad o una cuota única anual por el derecho a tarjeta de crédito. La cuota anual puede ir desde 120 pesos hasta 5 mil pesos más IVA. Por supuesto, cientos de tarjetas no cobran este concepto. Seguro contra uso no autorizado. La seguridad de saber que no será responsable por el uso no autorizado, la clonación, o el robo de la información financiera es imprescindible. La CONDUSEF ha establecido normas estrictas para evitar que los mexicanos sean víctimas de los delitos con tarjeta de crédito, las cuales son seguidas por la mayoría de instituciones financieras. Sin embargo, se debe confirmar que la tarjeta que se seleccione ofrezca la certeza de que no tendrá que pagar ni un solo peso por el uso no autorizado o el fraude con tarjetas. Meses sin intereses. El mayor atractivo real de las tarjetas de crédito son los créditos p meses sin intereses. Mediante este tipo de financiamiento, puedes elegir que todas tus compras o que porcentaje de su límite p crédito se emplea para esta modalidad. Ahorrando el dinero de concepto de intereses. Las mejores tarjetas de crédito ofrecen esta hot forma de pago. Seguro de compra. Contar con la tranquilidad de un seguro de compras, que cubra garantías extendidas, o reemplace el artículo en caso de robo, es la mejor opción. El seguro de compra, también puede incluir seguro de viaje y accidentes cuando se compran los boletos aéreos con la tarjeta de crédito. Promociones y descuentos. La competencia por usuarios siempre beneficia al cliente. Las tarjetas de crédito, constantemente ofrecen, planes especiales de financiamiento, promociones de descuento en reconocidas tiendas departamentales. Descuento para en productos o servicios particulares. Recompensas por uso. Las mejores tarjetas de crédito p México te premian por usarlas. Actualmente, la recompensa va desde regresar un porcentaje del dinero que has pagado a la tarjeta hasta, viajes a Cancún, Europa, o algún destino soñado. Pago épocas de gran actividad como el verano y la navidad, los usuarios entran en rifas y concursos por cada transacción o pago realizado con las tarjetas. Avance de efectivo. Hay ocasiones en que se necesita dinero rápido en minutos para solventar algún problema o tomar provecho de una oportunidad de inversión. Tradicionalmente se recurría a los préstamos personales. Sin embargo, las mejores tarjetas permiten acceder a dinero en efectivo mediante retiros en cajeros automáticos, ventanilla o transferencia a la cuenta bancaria del titular.

La mayoría de pagos realizados con esta tarjeta deben ser pagados en 100 percent luego de la fecha de corte.

La main razón en la falta de unanimidad es que siempre depende de la situación financiera personal y el nivel de ingresos y gastos del cliente. Much like escenario ocurre Si se consulta a autónomos o los que no está incluidos en la nómina de la empresa, ellos eligen Scotia Bank y HSBC como las mejores opciones. Es considerado el más sólido banco p México. CitiBanamex, también llamado Banco Nacional de México, es el segundo banco en valor y número de usuarios de la república mexicana. Sus tarjetas son muy populares entre jóvenes, empresarios y autónomos. Este banco, ha creado un abanico de opciones en sus tarjetas y ofrece beneficios particulares en cada una de ellas, que van desde millas por cada peso consumido hasta descuentos en tiendas de deporte o grandes almacenes. También ofrece productos para representar tu equipo p fútbol favorito con descuento y beneficios en las entradas a los estadios. Banorte, cuenta con más p 12 diferentes tarjetas de crédito algunas con filosofía social. Los beneficios de estas tarjetas incluyen diferimiento de pago durante las promociones. Las tarjetas son de fácil aprobación independientemente de si eres autónomo o estudiante.

Santander México. El banco Santander ofrece diferentes planes de las tres tarjetas más ampliamente aceptadas a nivel mundial. La variedad de tarjetas facilita encontrar una para cada perfil de usuario.

Banco Azteca. Cuenta con más p 9 diferentes tarjetas cuyos beneficios varían entre ellas. Algunos de las tiendas departamentales más famosas p México ofrecen sus tarjetas emitidas por este banco.

HSBC México. Este banco cuenta con 7 diferentes tarjetas. El beneficio más innovador es la capacidad de conectarlas al servicio Samsung pay. Con las tarjetas HSBC tu Smartphone o celular es tu tarjeta de crédito y método de pago. Dejando en el pasado la necesidad de portar el plástico o tener que entregarlo para pagar.

¿Cuál es la tarjeta de crédito que cobra menos intereses?

La tarjeta de crédito que cobra menos intereses actualmente en toda la república es la tarjeta Banorte Fácil. Tiene una cuota anual de tan 120 pesos y el costo anual complete o CAT es de 17.9percent convirtiéndola en la que menos cobra intereses. Sin embargo, se debe considerar que en la actualidad existen varias tarjetas que ofrecen meses sin intereses por hasta un año. Lo cual ofrecería cero por ciento de interés, si el monto de las compras, es pagado dentro del plazo ofrecido. También, se pueden encontrar tarjetas con ofertas introductorias con intereses menores al 10 percent durante los primeros 3 o 6 meses. Si estás buscando una nueva tarjeta solamente por los beneficios de bajos intereses, las tarjetas con meses sin intereses son tu mejor opción. ¿Cuál es la tarjeta de crédito más fácil p obtener en México? No requiere de excelente historial crediticio, los documentos solicitados son básicos y de uso general. La tarjeta se solicita a través p net. Todo el proceso es realizado en minutos y se obtiene la respuesta de inmediato. Ofrece meses sin intereses y cómodos plazos de pago. El porcentaje de aprobación es muy alto incluso para aquellos clientes con marcas negativas por retrasos en pago de otros compromisos. Sin importar que el historial de crédito sea negativo o tengan poco historial crediticio.

¿Cuál tarjeta de crédito ofrece préstamos personales o adelanto de efectivo?

Los préstamos personales son dinero en efectivo que es depositado en la cuenta bancaria del solicitante. Algunas tarjetas permiten obtener dinero en efectivo hasta el monto máximo del límite p crédito de la tarjeta. La tarjeta de crédito AZUL del BBVA Bancomer ofrece adelanto de efectivo. Este beneficio también está disponible por invitación en todas las demás tarjetas emitidas por el banco BBVA Bancomer.¿ Cuántas tarjetas de crédito puedo tener?Un cliente puede obtener tantas tarjetas de crédito como considere necesarias. No existe ningún límite al número p tarjetas que una persona pueda tener. Todo depende de su capacidad de pago e historial crediticio. Siempre es recomendable contar con por lo menos tres tarjetas. Dos tarjetas para compras y pagos diarios y una tercera para gastos de emergencia o imprevistos. La razón de poseer varias tarjetas además p aumentar el poder de compra, es mantener los saldos o el uso del límite p crédito por debajo del 40% de cada una. ¿Puedo cancelar mi tarjeta y cambiarme a otra o una mejor opción?Por supuesto que sí puede. La tarjeta de crédito pueden ser cancelada en cualquier momento que el cliente lo desee. Cuando la tarjeta no posee adeudos o ha sido pagada en su totalidad, la cancelación se hará efectiva en el próximo corte de cuenta. Por otra parte, si la tarjeta tiene un saldo pendiente, se podrá cancelar la emisión p nuevas compras, pero la cuenta permanecerá activa hasta que el saldo sea pagado en su totalidad. El saldo absolute de una tarjeta con altos intereses y elevado CAT puede ser transferido a otra tarjeta que ofrezca mejores condiciones. ¿Cuál es la diferencia entre las tarjetas clásicas, oro y platino? La principal diferencia está dada por el límite p crédito. Cada clase o categoría p tarjeta representa un límite mayor. El nivel de ingresos exigidos al cliente por cada categoría también es mayor. Por otra parte, cada nivel ofrece mayor cantidad de beneficios y privilegios para sus tarjetahabientes. El nivel platino es el equivalente al nivel VIP p cualquier comercio. Este nivel por lo general ofrece seguro de renta de coches, asistencia en viaje, y seguro médico contra accidentes durante los viajes al exterior.

¿Qué beneficios ofrece la tarjeta de crédito p tiendas departamentales?

Las tiendas departamentales ofrecen promociones y recompensas exclusivas para los clientes con sus tarjetas. Si eres un asiduo cliente de alguna de estas tiendas, y las tarjetas son ampliamente aceptadas en otros lugares de tu interés pueden ser una buena opción. Las tarjetas de las tiendas departamentales suelen ser otorgadas por alguno de los bancos más grandes de la república.

¿Cuál es la diferencia entre las tarjetas de crédito VISA y MasterCard?

Realmente ambas tarjetas son mundialmente aceptadas y gozan de gran popularidad como medios de pago. Los Beneficios que ofrecen cada uno de estas son muy similares entre sí, y constantemente se actualizan. En México MasterCard es la tarjeta de crédito con mayor cantidad de usuarios, seguida por VISA. Ambas tarjetas son aceptadas en la mayoría de establecimientos comerciales. Así mismo los bancos suelen ofrecer ambas en sus diferentes opciones de tarjetas de crédito. Los requisitos para obtenerlas, límites p crédito, promociones son similares y dependen de la institución bancaria que las otorgue.