You might have seen many people taking a new loan to pay off their previous debts and loans. This practice of paying your debts by taking a huge loan, which you get at a much lower interest rate and low monthly installment, is called debt consolidation. Some other debt consolidation ways that you can consider are buying a new credit card or enrolling for a debt management plan that will guide you in clearing all your debts. If you feel that you cannot manage your credit card debt without any help, you can choose to consolidate your credit card debt. In this article, you will learn about 5 tactics that will help you consolidate your credit card debt the right way. Buy a 0% balance transfer card If you have a great credit score, preferably above 690, you are qualified to buy a balance transfer credit card. This type of credit card allows you to transfer all your credit card debts into one single card, which means that now you don’t have to worry about paying multiple bills and you just have to pay one credit card bill. The best thing about these cards is that they often come with a promotional period that lasts for a year or a year and a half, where you don’t have to pay any interest charges.

Selecting a credit card that offers benefits and does not put a hole in a student’s pocket is a big deal. They are also a great way to build a credit score while enjoying the benefits of the card. But with so many options available, choosing one can get confusing. One of the key deciding factors is the kind of requirement. This article lists a few options that offer some great benefits and are easy to get.  Bank of America® Travel Rewards for Students If you are someone who is going to be traveling a lot during the college term, you might want to consider getting the Bank of America® Travel Rewards student card. The card promises a reward of 1.5 points for every dollar that is spent via the card. Additionally, the reward points can be redeemed for qualifying travel expenses, making flying or taking a train ride home not that big a deal. The card does not put an expiration date on the reward points and offers 25,000 welcome points to the ones who spend $1000 in the first 90 days.  Citi Rewards+SM Student Card The Citi Rewards+SM Student Card has an amazing feature that rounds up the reward points after each purchase to the closest 10 points.

Reward credit cards with no annual fee can be a great pick for all kinds of individuals. This type of card is especially ideal for applicants who are looking for limited but fantastic rewards without bearing the brunt of the yearly charges. You can easily switch from your current credit card issuer to this kind of card. But before doing so, there are certain factors you should be mindful of. Pick a type No annual fee reward credit cards come in various types, primarily for travel, cash back, balance transfer and gas bonuses. Selecting the right card will help you make the most of your points and offers. For instance, if you are a frequent flier then a travel reward credit card offering airplane miles will prove to be lucrative. Save your points While you are switching to a no annual fee credit card, understand how your points from the existing card will be affected. The earned points will remain untouched if you are just shifting to a no annual fee variant from the same company. On the other hand, if you are seeking the financial services of entirely different brands then chances are you might lose your points. However, the bonuses that you have received from a co-branded credit card will remain in your membership account.

A credit card is an important financial tool. Living life without a credit card is difficult in today’s time. If used wisely, credit cards can prove to be a boon for you. However, before finalizing on a credit card, it is of utmost importance for you to know to analyze the rewards, benefits, and spending limit offered by various credit card companies in the country. A proper analysis will give you a clear picture about which credit card you should opt for. Best credit cards of 2020 Choosing the right credit card could sometimes be tricky and cumbersome. In order to help you do the same, we have compiled a list of the best credit cards of 2020 as listed below: HSBC Cash Rewards HSBC Cash Rewards is touted as one of the best credit cards of 2020 for various reasons. Offered by MasterCard, this credit card offers a plethora of benefits. This card offers the benefit of zero transaction fees on foreign transactions and annual fees. It also offers cash rewards of 1.5% on every $1 spent during the intro period. Also gives you a chance to earn 3% cash back for all purchases in the first twelve months , upto a maximum total expenditure of $10,000.

There is a point of good credit scores since it gives the abilities to get higher credit limits and other benefits with credit card issuers. If your scores are above 720 then you can get every credit card without any fuss. These credit cards should give better rewards. Generally, they don’t have an annual fee, however, those who have fees will give mega signup bonuses and generous rewards programs. Have a look at the best card companies for excellent credit scores: Chase Sapphire Preferred Card – 2 points per $1 spent, zero annual fee for the first year and then $95. You can earn 50,000 bonus points if you spend $4000 in the first three months which is enough to earn $625 reward for travel. There are also hotel and airline loyalty partners. Capital One Venture® Rewards Card – 2 miles per $1 spent, zero annual fee for the first year and then $95. You can earn 50,000 miles if you spend $3000 in the first three months which is enough to earn $500 reward for travel. This is one of the hassle-free travel credit cards where you can book tickets and redeem miles with ease. Barclays Arrival Plus® World Elite MasterCard® – 2 miles per $1 spent, zero annual fee for the first year and then $89.

Visa Inc. is a financial institution operating worldwide, processing over 100 billion transactions every year. It has around 50% market share worldwide except China. The servers can handle up to 30,000 transactions per second and up to 100 billion computations per second. The data centers are protected from natural calamities, terrorism, and other calamities and can independently work without each other. Every transaction is checked with 500 variables with 100 fraud detection parameters including location and spending habits. Visa is neither the card issuer nor extends credit or set rates and fees for the consumers rather provides financial institutions with a branded product of Visa. This product can be used as credit, debit or pre-paid cards along with cash access programs. Basic Requirements for Credit Card Application Age: The minimum age is 21 or 18 with parent’s permission or a verifiable source of income. Social Security Number: A person applying for Credit Card needs to have social security number to check the creditworthiness. A person without a social security number is unlikely to get a credit card. Source of Income: Credit Card Application ask for monthly income to assign you limits. This helps in determining your ability to pay back.

The most common dilemma for applying a credit card online is the issue of security. When stepping into a bank and applying for a credit card physically, you are sure that your personal details including bank account information are safe. Today banks have secure networks for carrying out any bank transactions including credit card applications. Instead of walking into a physical bank and picking a card that the bank offers, one can browse through multiple bank channels and pick the desired credit card based on your needs with ease of use. While applying for a credit card online, it is wise to check up the authenticity of the website of using a third-party source for looking up on credit cards. There are some critical questions to ask yourself before signing up for a credit card in order to pick the most feasible one for your needs: What is the purpose of the card? What transactions do you wish to take care of with the credit card? Are you getting a credit card to work up your credit score or amend your bad credit? What is the self-spending limit that you wish to set on the credit card? How do you propose to handle the monthly payments?

We have all been there. We all have suffered this. I am talking about falling behind our payments for credit cards. Credit Cards are a never-ending cycle which helps us cover shortfalls during our month end. However, there are times when your expenses are much higher than the income generated. During these times, you tend to spend more with the credit cards and falling behind our payments with mounting interests. If that is your case, then there are options for you in terms of debit cards. Debit cards are similar in looks to the credit card. The card issuer instead of giving you a credit would debit the amount spent directly on your account. This will help you control your expenses and sticking to the basic requirements without falling into the credit card debt. This would give you a peace of mind while purchasing knowing about the balance. Debit Cards can be used anywhere like credit cards. It can also be used for online purchases, book overseas ticket or travel expenses, however, it allows you only to spend what is in the account. When your balance is zero, then you won’t be able to buy anymore. While allowing you to spend only what is in the account, debit cards do not charge interest on your cards.

We can maximize our shopping experiences by choosing the best Credit Card Rewards Programs which suits our spending habits. Credit Cards with rewards points help us in having extra cash during month end, saving points for future trips or collecting airline miles. There are few rewards programs which could help you find the best reward program suited to you. Credit Cards with Cashback – The credit card issuers offer standard rates of 2% for gas and grocery purchases with additional bonuses like shopping on e-commerce websites, movie theaters, and wholesale stores. Credit Cards with Flat Cashback – The credit card offers flat cashback rates usually at 1% or 2% on all purchases. These cards don’t have many bonuses. Travel Credit Cards – The credit card reward programs are suitable for people who are frequent travelers. They would collect miles, which can give them free tickets. In addition, there are additional benefits like lounge access and zero checks in baggage fees. Gas Credit Cards – The credit card rewards programs in best suited for people who frequently purchase gas/diesel. There are rebates/discounts on fuel purchases as well as cash back and bonuses. Co-branded Cards – In co-branded cards is especially for people with the preferred airline, hotel chain or gas station.

Cashback returned is a perk offered by means of many credit card groups on a number of their rewards credit score playing cards. Coins returned refers to earning back a percent of the money you spend on your credit score card. A few playing cards offer the opportunity to earn extra coins on purchases made by means of enrolling in quarterly promotions or purchasing through their virtual shopping portals. ICICI instantaneous Platinum Card The instant Platinum Card supplied by means of ICICI is one of the excellent alternatives to be had to first-time users and one of the best cash back credit cards 2017. It does not remember when you have no credit score or credit history, the ICICI on the spot Platinum Card allows you to construct your credit score history after you avail the cardboard and begin using it on a regular basis. The cardboard can be availed against constant deposit furnished you’ve got a savings account with the financial institution. The ICICI immediate Platinum Card is an exceptional alternative for non-salaried individuals including housewives and college students. Standard Chartered Platinum Credit Card The Platinum Rewards Card from general Chartered is good for salaried folks that need a multi-motive credit card for all their price needs and therefore is one of the best cash back credit cards 2017.

Balance Transferring on credit cards is a method of paying the credit balance of one card by using another card. For example, if you have a credit card X with credit payable of $ 60, the concept of balance transfer would facilitate us to use, let’s say, credit card ‘Y’ to pay off the debts of credit card ’X’. Hence the revised payable would still be $60 payable to company ‘Y’ over the stipulated period. The Importance This is important to people who have maxed out their credit cards and are unable to pay their dues. The consumer can transfer off their credit from one card to another at zero balance transfer charges. It is essential to understand that the transfer of credit is not equivalent to repaying the credit. It allows them to have a temporary breather from the payment of dues. The balance transfer is also available on loans for cars, appliances etc. Zero Balance Transfer Credit Cards The credit card companies charge an interest and a transfer fee to the customer for the transfer of balance. However, due to increased competition in the business of credit cards, there is an option of balance transfer credit cards at 0%.