-
What is a credit limit?
Posted on September 29th, 2010 No commentsCredit limits are the amount of money a person can borrow on a particular credit card. This is usually set by the credit card company, but it’s possible to both increase and reduce these limits.
Read the rest of this entry » -
What are branded credit cards?
Posted on September 1st, 2010 No commentsBranded credit cards, rather than having a bank or other financial services provider prominently mentioned on the plastic, instead carry a brand name linked to a consumer item. Particularly active in this area are airlines and consumer stores, but others are offered by providers such as car brands.
Read the rest of this entry » -
Credit cards or car loans? Which one to choose?
Posted on August 18th, 2010 No commentsBuying a car on a credit card may not seem the most logical choice. After all, the interest rates are very high on credit cards, often far higher than the headline rates on loans. However there are a number of other things that should be considered.
Read the rest of this entry » -
Getting your first credit card
Posted on June 22nd, 2010 No commentsCredit cards are something that most young people will need to get at some time or another. Although credit cards are a good way of smoothing the peaks and troughs of monthly income, if they are used carefully, with the growth of the internet as a way to shop they have become a vital financial tool for many people who are not that interested in using them as a way to borrow.
Read the rest of this entry » -
Going abroad with a credit card
Posted on June 15th, 2010 No commentsCredit cards can be very useful for a person who travels abroad. Credit cards can be spent as if they were domestic currency as they are billed in Australian dollars but pay out in what ever the currency that the shop or service provider uses. This is not the only reason why credit cards should be taken abroad, and there are a number of other features that make a credit card useful to a traveller.
Read the rest of this entry »
What is a credit limit?