The minimum payment on a credit card is the smallest amount you are required to pay each month to keep your account in good standing. It is typically calculated as a percentage of your outstanding balance, but there may be a minimum dollar amount as well. Here’s some information about credit card minimum payments: 1. …
1. Extended Warranty: Imagine purchasing a shiny new gadget with your credit card, only to have it malfunction just after the manufacturer’s warranty expires. Fear not! Many credit cards offer extended warranty protection. If the item you purchased with your credit card has a manufacturer’s warranty of one year and breaks down within that period, …
Here’s a detailed guide on how to notify your credit card company of your travel plans, filled with friendly advice and examples: Contact your credit card issuer: Look for the customer service number on the back of your credit card or visit the issuer’s website. Give them a call or use their online chat feature …
A cash advance is a service provided by many credit card issuers that allows cardholders to withdraw a certain amount of cash, like a short-term loan. Think of it as using your credit card to “buy” cash rather than goods or services. 1. High Fees and Interest: One thing to remember about cash advances is …
Banks make money from credit cards in a variety of ways. Let’s explore some of the main ones: 1. Interest Charges: This is the biggest income source for banks. Credit cards are a form of revolving credit, which means you can borrow money up to a certain limit and repay it over time while being …
Buying Bitcoin with a credit card is indeed possible, but it’s important to consider some factors before you proceed. Here are the steps and considerations involved: Choose a Crypto Exchange: Some cryptocurrency exchanges accept credit cards for Bitcoin purchases. Examples include Coinbase, Binance, and Coinmama. However, it’s critical to do your research and select a …
Credit cards are such versatile pieces of plastic, aren’t they? We can use them to buy anything from a shiny new car to a simple cup of coffee. But when it comes to very small purchases, like a stick of gum or a single apple, things get a bit more complicated. So, let’s delve into …
What is the Smallest Purchase Amount Using Credit Card Read More »
1. Cryptocurrency Picture this: you’re surfing the internet, you come across an article about Bitcoin and think, “Hmm, I should get in on that!” Well, slow down there, friend. Most major credit card companies actually prohibit buying cryptocurrencies with their cards. Why, you might ask? Well, cryptocurrencies like Bitcoin and Ethereum are known for their …
Picture yourself running your own store, customers coming and going, and your trusty sidekick by your side – the credit card machine. 1. Countertop Terminals These are the stalwarts of the credit card machine world. They’re dependable, need a plug to operate, and usually have a wired internet or phone connection to get in touch …
What are Credit Card Machines [How do they Work] Read More »
First off, congratulations on considering this unique investment! Gold is often viewed as a “safe haven” asset that investors flock to in times of economic uncertainty. But before we go gallivanting off to find your pot of gold, let’s go through a few key points together. 1. Payment Fees Imagine you’re out shopping and you …