A credit card is a payment method with which you can make payments all over the world. Precisely because there are many different credit cards, it is important to first make some comparisons before you wish to purchase this payment method. It will be quite a job to describe all the advantages and disadvantages of a credit card for you on this site, lending information center. Because a credit facility is issued to the cardholder when a credit card is issued, you are going to borrow money with BKR registration and testing as a result. Simultaneously with the payment that you will make with your card, you will immediately borrow money until you make a refund to the card issuer. Paying back the full amount in one go, at the end of the spending month and after receiving the bill, means that you have started borrowing money for a short period.
Agree on the limit of your credit card
By agreeing a spending limit you will usually borrow an amount between 2500 and 5000, higher is also possible. If you do not repay the spent amount in one go, you can agree to repay your loan in monthly installments. The amount of those monthly installments can vary considerably, so it would be advisable to compare this form of borrowing with other credit options. In addition to the possibility of borrowing money with a credit card, the interest to be paid above is also related to purchase costs and annual recurring costs, even if you have not yet used the card. Although it looks as though there is an interest-only loan, even without payment of interest due to no payments made, you will still have to continue to pay costs for maintaining the card facility provided to you.
Application procedure for a credit card
You can compare the application for a credit card with taking out a loan, but with a longer acceptance period. Borrowing with negative BKR is excluded from all Dutch credit card companies. You can then simply forget to submit an application. If you do, then you shouldn’t be surprised if you quickly have a letter of rejection on your doorstep. You will find it even better when comparing loans to list all costs to prevent nasty surprises. It is precisely the large selection of different credit cards by card issuers that will make it difficult to make the best choice for you. Not as with a request to borrow you can easily go to an independent financial adviser to determine your card choice. Keep in mind that the interest and costs will in any case be higher than for the cheapest revolving credit.
Which well-known credit card organizations?
VISA, MasterCard and American Express are the best known names for issuing a credit card. In addition, cards are available in various colors such as gold (gold card), silver, platinum, green, etc., but also in the house colors of banks and even charity organizations. There are always new promotions in progress where you can make a substantial saving if you proceed to purchase a credit card. These actions range from paying less for the purchase of a card to loyalty points and even amounts of cash. Try to determine in advance for which expenditures you wish to purchase a credit card. In some cases it is easier to pay the costs on a toll road or in a parking garage with credit cards than with regular bank cards. Furthermore, it is an advantage that it is possible to make payments on a card only for a certain cost category.
The partner credit card for the fun things in life.
Linking partner cards is also possible for private and business use. This makes it possible to keep expenses transparent together. Nice for her to shop. Nice for him for his hobbies. Nice to book a romantic weekend together. We are increasingly seeing credit cards being used to keep expenses transparent. Try to remember that every credit card involves costs.