99% credit card holders don't know the art of 'playing' the interest

In the past, credit cards were primarily used for bigger purchase, but with a recent change to cashless businesses there is a trend of charging small purchases into your daily life.

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Once a woman from Cali used her credit card to purchase a coffee and a doughnut, KPIX 5, a CBS affiliate in San Francisco reports.

“I can keep track of what I’m buying,” said Megan Supina, about paying with a credit card.

Supina is among an increasing amount of people who are choosing credit cards over cash for most transactions – big or small.

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Whether they swipe, tap, or pay by phone, a recent survey from creditcards.com found 17 percent of cardholders now use plastic for purchases under $5. That’s up from just 11 percent last year.

And Bankrate found nearly 10 percent of consumers don’t carry any cash at all.

One of the reasons is that a growing number of businesses and restaurants are choosing to go cashless. They also say accepting plastic only speeds-up service and creates a safer environment for employees.

Credits cards are a safe way to go.

And Creditcard.com’s Matt Schulz points out paying with credit is safer for consumers too, because you can dispute charges on your card if there is a problem with a product or service. And if your card is hacked to stolen, you’re protected from fraudulent changes.

Another plus? Credit card benefits

“You get points for travel…It adds up,” said credit card user, Jay Deitcher.

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But there are still people out there that prefer cash over card.

Cash user Richard Slade said many retailers require a minimum purchase when using a credit card and studies show people spend twice as much when paying with plastic.

Regardless of it all, experts say credit card use will continue to rise and so will the number of businesses no longer accepting cash.

If you want to buy some products for daily life, visit a Chinese website, choose some items into a cart, and pay with your credit card. That easy! Business men in China are free to use a credit card to purchase from trusted suppliers, for more to be continue.

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We, eGTCP, welcome you to apply for GTCP(Great Tao credit purchasing card), you can get $10,000 immediately, buy more, pay later, let's get started! 

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You can also contact eGTCP.com directly via mail or phone.

Email: service@egtcp.com     Tel: +86 400-159-8448

                                                            

Those successes never make these mistakes on business loans

Whether you’re applying for a loan for business or personal porposes, there are common mistakes that can hinder the process. We’ve just listed top 10 common mistakes that may stop you from applying for a loan successfully.

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1.    Not knowing your credit rating. Before you apply for a loan, you need to know your limitation. You’d get copies of your credit scores from the three major credit bureaus so that you know if you’re likely to get the loan approval.

2.    Not knowing the terms before signing. In your haste to get a loan, you may commit the common mistake of jumping the gun and signing without reading the details and terms of the loan. Not only should you spend some time reading everything very carefully, but you should also ask questions about anything you do not fully understand.

3.    Not locking in a rate. Interest rates change now and then . If you’ve found your desirable rate, lock it in. Too often, people would make the mistake of getting greedy and waiting for interest rates to drop farther.

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4.    Not explaining purpose of the loan. When applying for a business loan, you need to present how the money will be used. Lenders want to see that you know exactly what you need and how this loan will meet your needs.

5.    Making major changes. Just as you do not want to open and close various credit cards before applying for a personal loan, you do not want to make significant personnel or other changes to your ongoing business structure before applying for a business loan. Lenders want to be able to see stability in how you do business and with whom.

6.    Applying only to the most convenient lender. Although there are various lenders available, many people still head to their local bank first without shopping around. Credit unions and other sources are worth investigating. For example, if you are a small business owner, you should consider what the Small Business Administration can do through one of their loan programs.

         
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7.    Not having your finances up-to-date. Whether you are seeking a personal or business loan, you shouldn’t apply without having the proper financial documentation. This is an area where many people put the cart before the horse, and try to get a loan without making sure their financials are up-to-date.

8.    Failing to have some equity in the project. Not unlike a down payment when buying a home, having some equity in a business project significantly enhances your chances of securing a business loan. If you’re not invested in the project, or in the business itself, the lender will be less enthusiastic about taking on such a risk.

9.    Having no collateral. You need to provide some collateral, should there be a default in payment.

10. Not having a business plan. If you’re starting a business, you need to demonstrate how the business will operate and make money. A business plan is essential for a lender to see your goals and specifically, how you intend to reach them. You must include all applicable supporting data, including financials.

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We, eGTCP, welcome you to apply for GTCP(Great Tao credit purchasing card), you can get $10,000 immediately, buy more, pay later, let's get started! 

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You can also contact eGTCP.com directly via mail or phone.

Email: service@egtcp.com     Tel: +86 400-159-8448

                                                            

Say Goobye to Festive Finance Hangover With THIS Credit Card

We are still young, it is unavoidable to overspend in December. Instead of waking up on New Year’s Day and putting down your face before a financial problem, we’ve come up with some strategies to help you have a stress-free start at heart.

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1. Be sure of what you have

When you’ve got a good looking value on your credit card, it’s tempting to neglect how much you’ll need to pay back in the future.

Thus, make a list of what you have, and how much tempting you’ll be paying on your outstanding debt, enables you to be assure.

Check your current card bill or overdraft statement to see what APR (annual percentage rate) you will be charged. Then you can try to handle with the debt on the highest APR available.

    

2. Borrow what’s exactly in need

You have lots of expensive debt but can not see a way of clearing it anytime soon. Then This is when credit cards can be useful to manage your cash flow.

By shifting existing debt onto a balance transfer card, you’ll get some breathing space. This strategy is most suitable for organized people who are sure they will use the interest-free period to pay their debt. What you don’t want to do is to have two years of paying nothing back, and find you have the same amount of debt in the end.

You’ll be charged a transfer fee on the sum you’re moving to that card, however you may have 24 months or more to pay off the debt.

Balance transfer fees may vary from 0.6 to 3 percent of the amount transferred. Before making the transfer do have a look at the transfer fees and how long to repay the money in order you can work out if it’s worth.

The typical credit card has a standard APR of around 18 percent. Store cards can be 30 percent or more, so it’s easy to see how debt mounts up and by paying off the minimum amount monthly can your clearing debt takes a longer time.

There will be some delay time between applying and getting a new credit card, you need count this to your timetable. 

Some cards offer longer interest-free periods. For example, the Sainsbury’s Bank credit card (available to Nectar cardholders), offers 33 months at 0 per cent interest and then an APR of 18.9 per cent after that. The transfer fee is 0.64 per cent on transferred balances. Barclaycard Platinum and the Tesco Clubcard Credit card has similar deals. 

3. Get the best deal on big expenses

Utility bills, home & car insurance, mobile & broadband contracts are some of the highest ongoing household costs.

4. Declutter and sell

You may have unwanted Christmas presents, unused clothes, magazine subscriptions, gym membership, or other services that’s not useful to you no longer. Cancel the services you don’t need any more and sell the items that are cluttering up your home.

Check existing direct debits which you might have forgotten about. Do you have a mobile phone contract still current for a phone you’ve replaced?

Are you wasting money on extended warranties for goods that you’ve sold or given away, or which are already covered for 12 months under the manufacturer’s own warranty?

Money saving is good if you can save bit by bit. Fast money can save your business life when you are sure that you can manage the debt well. Always remember to control. To use the money to the full, you can consult a financial expert. eGTCP is here to offer you various service to support your business.

Here is how to apply an eGTCP card. Please click here.

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We, eGTCP, welcome you to applying for GTCP(Great Tao credit purchasing card), you can get $10,000 immediately, buy more, pay later, let's get started!

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