A VIDEO GUIDE TO CREDIT CARDS | HOW TO USE A CREDIT CARD TO YOUR ADVANTAGE | HOW TO AVOID PROBLEMS скачать в хорошем качестве

A VIDEO GUIDE TO CREDIT CARDS | HOW TO USE A CREDIT CARD TO YOUR ADVANTAGE | HOW TO AVOID PROBLEMS

This guide goes into depth about how to get the most from a credit card – stay in control while using it to your advantage. ------ ▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG Rebuild your credit rating using a Vanquis card: https://www.solution-loans.co.uk/cred... Would a balance transfer credit card make sense? https://www.solution-loans.co.uk/blog... How to protect yourself from credit card fraud: https://www.solution-loans.co.uk/blog... Are you using the wrong credit card? https://www.solution-loans.co.uk/blog... ------ ▶️ SOCIAL Like us on Facebook:   / solutionloansuk   Follow us on Twitter:   / solutionloansuk   Follow us on LinkedIn:   / solution-loans   Follow us on Instagram:   / solutionloans   Website: https://www.solution-loans.co.uk/ Subscribe to our YouTube channel: https://bit.ly/solutionloansYT ------ ▶️ VIDEO TRANSCRIPT Credit cards are one of the most flexible forms of unsecured finance and are used by millions of people worldwide every day. They are not the same as debit cards – which are used to pay for goods and services by withdrawing money from your bank account. Every time you use a credit card – whether you are buying something, withdrawing money from a cash machine or making a payment – you are borrowing from a finance company. The flexibility that credit cards provide comes from how you choose to manage your repayments. A card holder can choose to repay the entire balance every month, meaning that he or she will not face any interest charges, or ‘rollover’ the balance and make only the minimum payment or a large part of the balance. When you successfully apply for a credit card you’ll have access to a predetermined credit limit. You’ll be able use the card at any shop, merchant or trader which displays either the Visa or Mastercard logo. You can continue to use your card up to your credit limit provided that you make at least the minimum monthly payment. The flexibility that credit cards offer comes from the way that repayments work: a cardholder will generally receive a bill and be given a set amount of time to make a repayment which can be up to 45 days after they used the card. If you use this to repay the entire balance of your card, then you are in effect taking advantage of a month and a half of interest-free credit. This does not include cash withdrawals made on the card which usually attract a cash advance fee and are not included in any 0% offers. If you use a debit card a lot, you may find that there are more benefits from using a credit card if you are sensible and repay what you owe on it every month. Not only will you get up to 45 days of interest-free credit, but in a lot of cases your purchases will be protected under Section 75 of the Consumer Credit Act. This stipulates that credit card issuers and retailers take joint responsibility for faulty purchases so, should you pay for something on your card valued between £100 and £30,000, your purchase will be protected in the event that it's faulty or you do not receive the goods or services you paid for. In such cases, you may be eligible for a refund from your card provider. Credit cards can also be a good way to repair your credit rating or build one if you have not held any form of credit before. There are credit cards specifically designed to help people with less-than-perfect credit ratings. Many card issuers offer 0% transfer deals where you can transfer a balance on an existing card and not pay any interest on that balance for the first six or 12 months. It’s tempting when you first receive a credit card to think that you’ve suddenly come into a large amount of money and go on a spending binge that you can’t actually afford. It’s also very easy to pretend that your card balance doesn’t actually exist and that the card is only costing you the minimum payment each month. If you do this then you will end up paying a very large amount of interest on your borrowing and may never pay off the balance. Try not to use your credit card to withdraw cash because not only will this incur an advance fee, but most providers charge a higher rate of interest for these transactions and they will be excluded from any 0% interest offers. ------ ▶️ ABOUT SOLUTION-LOANS.CO.UK Solution Loans is a leading UK online credit broker. We started in 2005 with the express mission of providing people with information and online tools to help them make smarter financial decisions. We're fully authorised and regulated by the Financial Conduct Authority (FCA). Our credit broking service is FREE to use; there are NO UPFRONT FEES. In most situations the deals you will get will be AS GOOD AS GOING DIRECT, although you should also have more choice than if you went direct.