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.
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-friendly, then
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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