CREDIT CARD DEBT

All articles on this site are Published & Distributed
by Dunway Enterprises

FREE ARTICLES

Credit Card Cheques and Cash Advances

Credit Card Cheques & Cash Advances

Once youíve got a credit card, youíll find that you can do more with it than just pay for things with the card. You might be sent a credit card cheque book, for those times when youíre paying someone who canít accept your card.

You might also be offered cash advances - a way of withdrawing cash directly from your credit card, either to your bank account or from a cash machine. This is designed for when you need cash in an emergency.

You really shouldnít overuse either of these features, and hereís why.

You Pay More Interest.

With most cards, cheques and advances are charged at a much higher rate of interest than normal spending. You often give up any interest-free period (which can be up to two months), meaning that you start paying interest on the money literally from the minute you spend the money.

Not only that, but most cards will also charge a fee each time you use cash advances or credit card cheques - and using an ATM may increase the fee even further.

It Marks You Out.

When you use a credit card cheque or accept a cash advance, youíre showing that youíre not just using a credit card for convenience - you really need the money. This marks you out in the credit card companyís records as someone who shouldnít be given a good deal. After all, you wonít be going anywhere.

Try to Spend With the Card Instead.

Instead of using cash to pay for small things and finding you have to take advances or use cheques to pay for bigger things, itís better to do it the other way around. If youíre in a situation where youíre relying on advances, you should start using your card for smaller things where you wouldnít usually bother, just to avoid taking the advances and paying more interest. Be strategic in how you spend.

Remember that there are very few bills now that must be paid for by cheque, so there arenít many reasons to ever use credit card cheques. If youíre willing to call them up and wait in their queue for a while, the chances are you can get them to accept a credit card payment just by you reading the number.

Look Out for Advance Limits.

If you start relying on cash advances, sooner or later youíll probably run into an advance limit. The credit card companies donít advertise it, but many of them have limits on how much of your balance can be cash advances and how much must be in purchases.

Try to find out these limits before you start taking advances.

Remember They Get Left For Last.

When you pay back your credit card debt, most lenders will put your payments towards the lowest-interest money (your purchases) first, and then towards other lending.

That means that you keep paying that high interest on the cash advance or cheque until you get your balance all the way down to zero.

Published by Dunway Enterprises

MAIN FREE ARTICLES INDEX

Bookmark & keep coming back often!

MAIN INDEX - ARTICLES LISTING
Average 10 articles per category

Recommend this site to a Friend

FREE GIFTS CLICK HERE

CLICKBANK

ClickBank the best way to complete a digital sale.

IF YOU CAN'T FIND THE INFORMATION OR PRODUCT
THAT YOUR LOOKING FOR - CHECK OUT THE CLICKBANK CATALOGUE
Over 10,000 + Products to Choose From!

If you're into Niche Resale Rights Products then check out my ebooks site
which has 120 + different ebook packages and still growing.

The Ultimate Recipe Collection [Cook Books]
CURRENTLY [57] DIFFERENT RECIPE E-BOOKS
CLICK HERE TO VIEW THE LIST

I'VE ALSO JUST FINISHED A SITE TOTALLY DEVOTED TO ...
'MASTER RESALE RIGHTS PRODUCTS'
CURRENTLY 83 DIFFERENT PACKAGES
DROP ON BY & HAVE A LOOK

Mail Order Products
Ebooks - Books - Software - CD's - Reports - Videos & Business Opportunities

Dunway Enterprises || Dunway Sitemap || Sub Domains Index

WebMaster & Site Design by Ken Dunn

Dunway's Network of Joint Venture Sites

CLICK HERE TO SEND MAIL

Disclaimer | Privacy Policy | Terms Of Use

Copyright [c] Dunway Enterprises

ALL RIGHTS RESERVED

Tom Azzara - Newsletter & Book
Tax Havens of the World

Master Resale Rights - Resell and Distribution Rights!

CREDIT CARD DEBT