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Matters Pecuniary ... credit cards, banking, debt management, |
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Matters Pecuniary ... credit cards, banking, debt management, |
Often, consumers are advised to make weekly or multiple payments throughout their credit card billing cycle. However, there’s not much context given with this advice. This could leave consumers tying up their funds unnecessarily. Let’s consider the following credit card…
In our “Important things to do before applying for a credit card” article, we encouraged credit card applicants to reach out to their prospective credit card issuer and inquire about a few things, including the credit card’s payment grace period,…
When relating to credit cards, the grace period is the number of days between 1) the end of your credit card billing cycle and 2) your payment due date. During this timeframe, you are typically not charged interest. Luckily, most…
Opportunity cost is the potential gain that you could achieve by doing one thing over another. Let’s consider the following about a $50,000 automobile that you plan on purchasing: You have $50,000 in cash that you won’t need access to…
Because credit card issuers all have their own policies, it’s important that you get familiar with your card issuer’s policies before applying for a credit card. What’s the credit card’s grace period? Some consumers probably just assume that when they…
When shopping for a credit card, you may be put off by the card’s interest rate (also known as APR, or Annual Percentage Rate). However, in some cases, you shouldn’t let the credit card interest rate sway your decision. What…