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So, you are thinking to apply for the Citibank credit card. It is a good idea to have credit card because these things come with several benefits. Before applying for these credit cards, you need to know which product will be suitable for you and fulfill your needs.

Which Citibank credit card is the most prestigious?

When applying for a credit card, you should have address documents, personal identity documents, and income proof with you. You should contact direct lenders for credit card if you do not have a good credit history.  If you have a good credit history, then you can even acquire a credit card from a bank.

Is it Budget Friendly?

Every day banks and lender companies offer thousands of exclusive packages. Consumers who want credit cards need to take these products as per their budget.

The legendary Citibank credit card is famous for its prestige. Some of the other vital and important cards are given below.

1.      The Citi Double Cash Card

It is an exclusive card that is easy to access. This Citibank credit card helps you enjoying the advantages of several invite only cards and some other programs of rewards with 18 months BT offer. It can be the best option for cash back.

2.      Citi Diamond Proffered card

It is a famous card that is known as luxury card for several reasons. Its 0% intro rates will dazzle you and its exceptional airfare and cash back rewards are real perks.

3.      Citi Secured Mastercard

It is a prestigious card that is not available for all the clients. The majority of the users from the elite class can only get the approval. It is good for limited credit.

4.      Citi Rewards plus Card

You need to use the card that comes with the benefits and features among the upper and tier of high net. You can use this card for groceries and utilities. It is one of the best cards for those who need a small amount to pay their debts on time. It is good for groceries and paying utility bills even when you are short of money. It happens at the end of the month so that instead of waiting for your salary and pay bills with penalty or surcharge, it is good to use this credit card.

5.      Costco Anywhere Visa

It fulfills the needs of the potential cardholders and it maintains its exclusivity. It is suitable for outdoor dining, travel and others.

You can use this card for traveling and this is the best use of it since you will get special discount on this card. The companies provide you details about your holiday package, deals and other needs. You can browse online and get information about the famous car rental service in the area. In the festival time, the majority of the people like to visit or travel. You can use this card for payment of the fare to make their tour exclusive. You need money during your travel so that it is a fun-loving activity this time.

Your search engine will definitely provide you complete information about it. For the card holder, it becomes very easy to book their travel essentials, including car hire, flight, hotels, and others at affordable prices. Over thirty languages, these sites are available online, and it contains the tourism industry news and flight news section. If you want to know how to make your journey budget-friendlythen you can visit their page on the website about the travel tips.

6.      Staples Credit Card

This card is best for fair credit.

Creative Ways to Pay Off Credit Card Debt Without Living Like a Hermit

In order to prepare a secure financial future, a person must avoid the debt and the best way to avoid debt is discussed here. Here are some tips on how to save yourself from debts by using a credit card in an appropriate way:

·        Don’t purchase special services

Many credit card companies and banks offer many services like protection from credit card fraud, an SMS alert system and many more. These services are usually not useful for many customers they are only overpriced. So, avoid taking these services because they are not very useful.

·        Avoid cash advances

Taking cash advances is unwise as it will result in increased interest rate, transaction fee and no grace period. At the end of the month, even if the balance is paid in full, you will still have to pay interest on the borrowed cash. That is why avoid taking cash advances as it will only increase debt.

·        Don’t overspend on food

Paying with cash can eliminate the chances of getting charged for something that no longer exists. Paying interest on food or disposable items is not wise and ineffective in avoiding debt.

·        Avoid what you can’t afford

Living beyond your means is one of the reasons for credit card debt. Most of the people cannot afford something and purchase things which they are unable to pay for with cash. It means you are overspending and living beyond your actual means. If you are unable to pay for something with cash don’t buy it. Because at the end of the month you have to pay the balance.

·        Make a budget

Instead of relying on the limit of the card company, you can avoid liability by creating your budget yourself. This will help you in avoiding credit card debt and the budget will also base on your money in the bank.

·        Use a credit card only for emergency

Most of the people prefer paying for services using a card which results in more charges for services. It is recommended to use cards only in case of emergency as you cannot escape debt in that case but you need to use the card, so, it’s fine at that time. But make sure you have already planned for paying the debts when the card is used in an emergency.

·        Pay on time

Almost every credit card company will charge a customer who pays fee late. Also, if you delay it for some more time, the interest rate will increase with time as defined in the terms and conditions of the credit card agreement. The rates will increase as long as you delay it.

·        Limit the number of credit cards

The more credit cards you will have, the harder it will be to manage them. Using and paying the balance at the end of the month will be hard. Keeping the track of transactions will be hard and making payments on time will be hard. So, keep it simple and don’t own a lot of cards. Just limit it to no more than two credit cards.

 Exploring the concept of credit card and loan

What you need to keep in mind is that a credit card is an unsecured loan. The borrowers can acquire this loan from a non-banking financial company or bank to address their personal needs.

Now, the credit card holds more risk for the lender. The reason is that the lender does not have any collateral that he can auction in case of a default. Due to the perceived risk, the interest rates are also higher for personal loans.

 

 

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