Gold card;gives you access to many entertainment events,while earning rewards points for traveling. American express gold card has a 12.99% interest rate, and 55 days interest free,the minimum income for the gold card is $40,000 p.a.You can get a cash advance both in Australia and worldwide. You can also get up to $50,000 in credit in the first year of owning the card there is no annual card fee after that its $70 a year.But if you spend more than $18,000 in 1 year there is no fee!.
Citibank
Platinum card;One of the most popular cards on the market today! there is no annual fee in the first year but after that there is a small fee.The interest rate for this card is 6.9%.p.a.but it has a huge credit limit of up to $100,000 including a rewards program to reward all owners of the card.The credit limit of $100,000 is one of the reasons this card is so popular.Also avaliable with this card is free travel insurance all round the world.
HSBC
Low rate credit card;No annual fee for the first year,then only $39.00.p.a then after,hsbc credit card has easy credit card processing with 55 days interest free.You will also be avaliable to get the hsbc credit card home and away privilege program,which you can get rewards in over 40 different countries worldwide.With over 800,000 atms worldwide to choose from and 22 million hsbc visa merchants in the world.
It is not a secret that bankruptcy is on the rise in America. The cause of these bankruptcy cases is predominantly due to credit card debt. Consumers are constantly spending more money than they earn. It is becoming a Nation-wide epidemic and the only way to get out of it is to get educated about it and make changes in day to day spending habits. The convenience of using plastic is evident, but at what cost? Yes, the fact that you can swipe a card and buy fast food and gasoline saves time and is easier than pulling out cash or writing a check. But what is the true expense of this? A consumer's financial well-being is at stake.
How is it at stake? According to bankrate.com, the average American household carries approx. $10K in debt. Did you know that if you only pay minimum payments that it will take you 382 MONTHS to pay off and you will have spent $14,600.00 in interest alone to these credit card companies? Not a good way to spend your hard earned money.
A few factors contributing to credit card bankruptcy is that, when a purchase is made through a card the individual pays the minimum amount that has to be paid monthly and not the exact amount. Bankruptcy is more common with people who use more than 1 credit card. People who use more than 1 card often indulge in wild shopping frenzies and overshoot their credit limits on each of the cards within a short time. People in debt can use the following tips to save themselves some more time; paying more than the minimum balance amount to be paid monthly, moving balances from cards with high interest rates to those with low interest rates. There are several ways by which a person can get out of credit card debt, but it's always advisable to stay safe and not get into such a situation. If you are already in too deep and need debt counseling, get it now. Do not delay thinking things will change. It will get worse. Debt Management companies can help you get out of debt quicker and can most times save you from bankruptcy and the devastating effects it can have on families and individuals alike.
Both Rodney Hiam & Sandra 114 Baughman114 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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