Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » The need for cardholders to maximize credit

The need for cardholders to maximize credit

By
Add to Favorites:
The need for cardholders to maximize credit

Financial consultant Jim Sarlone said, the need for cardholders to find ways on how they can best maximize their credit cannot be overemphasized enough. The main issues are prevalent addition of fees, and increases in rates.


Sarlone adds that today, even credit card companies capitalize on rewards credit cards to regain clientele and recoup investments that turned in low returns at the onset of the global economic recession. Sarlone then maintains that this is a manifestation that everyone and everything from a single person, to big companies has been affected, in one way or another, by the economic recession.


He adds that consumers now think of ways on how to maximize their credit in the same way that their companies want to take full advantage of their profit.


Sarlone says that many account owners prefer rewards credit cards for the benefits or advantages they present. Although he concedes that there are always customers opposed to rewards credit cards because of the very high fees charged with their use. However, there are still clients who go for them, just to be entitled to discounts in expensive purchases in the long run. For the same people, the returns are just worth the investments.


The argument against the rewards credit cards is that the high annual fees cancel out the rewards, benefits, or advantages presented. Sarlone states that credit cardholders have another thing to suggest for maximizing credit: 0% balance transfer. Sarlone says that this can be a priority for those who are just tired of paying off on their high interest rates.


Sarlone shares that the 0% balance transfer would mean combining all the balances in the account and paying them off for a period of three months up to one year – for the benefit of not incurring interest rates. This way, he adds, the account owner feels more obliged to pay on balances to enjoy their credits once dues are settled. He opines that this is a better set-up than spending credit while incurring debts altogether.


Finally, Sarlone says that for real credit to be maximized in either the 0% balance transfer or the rewards credit cards, once must always aim at a good credit score. This will secure significant amount of savings in case arguments against rewards credit cards (high annual interest rates cancel out rewards) and balance transfer (fees charged) arise.

Add to Favorites:

Related News:

Best Buy Gets Chase Pay

By Dar Dowling, Posted: September 30, 2016

Best Buy carries everything from smartphones and TVs to computers and cameras – and now people who shop with them will be able to use Chase Pay when shopping online. Continue reading
Financial Optimism is Up, But So is Income Stress

By Dar Dowling, Posted: September 29, 2016

Are you feeling more hopeful, yet are still a bit worried about whether or not you're making enough money? Continue reading
MasterCard Send Makes a Splash

By Dar Dowling, Posted: September 28, 2016

MasterCard and Stripe have teamed up so that U.S. sellers using Stripe marketplaces, like Postmates, Instacart and iCracked, can opt to make instant payouts via the Stripe interface, using MasterCard Send. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit