Credit Card Secrets to Know

by Natalie Rakoci 09/08/2019

There are some secrets that you should know to reap several benefits associated with credit cards. Knowing these secrets will put you in a better position to enjoy the benefits of highly competitive lenders. These three ideas will teach you how to make effective use of your bank cards: 

1. Get cards with beneficial reward possibilities. Some individuals might consider this obvious, but there are a lot of people who have a bank card with rewards which do not apply to their lifestyle. To reap the benefits of your card, it is essential you ask for the right card with rewards that fit and enhance your lifestyle. To fully enjoy the benefits this provides, you should try to repay your acquisition as soon as possible. This way, the bank does not reap more benefits than you. 

2. Put all purchases that are enterprise-related on credit card. This next bank card secret requires some high-level bank-related data. For example, if you wish to purchase repairs on your house, you should know that it will be quite challenging to get a mortgage at the post-2008 housing market. Now, what do you do? It is advisable to put the repairs on the credit card. You should not hesitate to do so even if your card has a 12 percent APR because if for instance, you borrow up to $50,000 and maintain the amount for some months, all you owe is about 20% on the whole quantity provided you continue to pay it off. 

3. Manage your debt balance appropriately. If you are the type that acquires many credit cards, you should take advantage of the competition that exists between bankers using this credit card secret. 

First off, you need to inquire with your financial institution about stability switch possibilities. If there is a possibility of stability switch, you should ensure it's a zero-percent stability switch. For example, you will be able to apply to move the balance on your Bank of America card once you have acquired stability on your Capital One card. 

It is advisable only to transfer the debt if it is smart. Then, you one step closer to clearing the debt efficiently within the subsequent six to nine months period allotted. Understanding your credit card doesn’t need to be challenging, so stop by your nearest branch and speak to a finance officer on how one of the tips above could work for you.

About the Author
Author

Natalie Rakoci

It is more important than ever to have a real estate professional by your side who understands the unique, vibrant communities within the local real estate market. One who proudly works with only the highest ethical and legal standards, while having an optimistic and enthusiastic nature you will appreciate. Prior to becoming a licensed Realtor, Natalie was a Clinical Administrator for the largest healthcare system in Western PA. During nearly two decades of experience in clinical, business development and Administration in healthcare, she learned invaluable lessons about the daily operations of a business that is truly all about people. There are many people involved in a real estate purchase or sale and treating each with the utmost respect, exceptional communication and the highest ethical practice is Natalie’s highest priority.

Natalie first fell in love with the Grand Strand at ten years old during frequent family beach vacations. She moved to the Myrtle Beach area in 2012, and immediately began her full-time career as a real estate professional. Natalie ensures she is well equipped to serve the needs of her clients by consistently attending educational and leadership training, networking events, obtaining various certifications and enjoys serving the surrounding communities.

Natalie’s number one goal is customer satisfaction and she looks forward to the opportunity to earn your business. She understands that buying or selling a home can be a time consuming and emotional experience; her goal is to provide a positive, easy, and seamless process for each of her clients.