Frequent Flyer reward cards

Almost every bank has a rewards card that allows you to transfer your points to a frequent flyer rewards program, or earn frequent flyer points directly. These crds can be used to your advantage if the card is used wisely.The traps that these credit cards have include high interest days, less days to pay your outstanding balance without interest, and a high yearly fee. The cards make it worth while if you make a lot of purchases that can be put on a credit card and you are easily able to pay them off. Some of these cards may also not be accepted at every shop and outlet that you frequently shop at so it is important to consider how much use and value you are going to get out of it. The rewards do sound appealing but as everything else they do come at a cost.

Prioritize your debt

If you have a house loan, credit card or cards, and maybe a personal loan you obviously have made use of credit at different interest rates. The interest will vary depending on the type of credit such as mortgages will usually be lower than personal loans and credit cards. Your objective should be to pay off the loan or card with the highest level of interest or try and consolidate the higher interest bearing owed accounts into the loan which attracts the lesser interest. This can be done usually with a line of credit or under certain mortgages. The important thing is to knock off as many types of high interest debt as possible and eventually get rid of all debt.

Survivng the post sales credit binge

Every department, every fashion boutique knows that the end of year sales period is where they can make up for lost sales or just offload extra merchandise. There are many of us who get caught up in the end of year shopping binge and excitement, this can lead to a high debt levels and post Christmas financial stress in January and February, longer for some people.The same story can be said for the boxxing day sales or stock take sales. A couple of things that are important to remember:
1.plan how many gifts you are going to buy
2.Always set a a budget or limit per gift.
3. TRy to avoid using the plastic money
4. Only buy things you need and will use
5. Set aside important money for the rent/mortgage, food and other basic necessities\
Remember, shop smart and don't get sucked into the clever marketing and shopping hype.

Welcome to my credit card and Finance blog

Welcome to my finance and credit card blog, where I will be posting handy tips on how to manage your finances and be ahead of the game and most importantly the banks!
Consumers pay millions of dollars in unnecessary fees and penalties to financial institutions each year. Most of these people get sucked in by a special rate credit card or loan, which ends up costing much more. There are ways to benefit from the good side of financial products as well as being able to avoid the bad side.