Consider the Following Things Before Applying for a Cash Back Credit Card

One of the advantages of using credit cards is that there are many discounted offers from several card issuers. But usually, these discounts do not apply all the time, the most frequent is when certain product promos, new merchant offers, or also before the holiday celebration. So, not every time you do a credit card transaction, you can get cashback or a discount.

If you want to always get cashback, there is good news

If you want to always get cashback, there is good news

At present, several credit card issuing banks have cashback credit card facilities. What is a cashback credit card? What are the benefits? And what should be considered if you want to apply for this cashback credit card? The full review below can answer your question above.

Because of the large profits and can provide cashback for every purchase, this one credit card product is increasingly being hunted by many people. But you should not rush to apply for a cashback credit card. Because although there are many advantages, there are 5 basic things that must be understood in depth like the following review.

Terms and Conditions Getting cashback

Before applying for a cashback credit card, you should first know the terms and conditions. Broadly speaking the terms and conditions for applying for a credit card that must be understood are, the amount of bank interest, what supporting documents must be prepared, minimum income for prospective cash back credit card holders, and annual fees.

By understanding the terms and conditions that apply, we will save time and energy when applying for a cashback credit card application.

Percentage of the amount of cashback per use

Percentage of the amount of cashback per use

Each credit card has a different amount of cashback from usage. Just choose the biggest percentage. This percentage affects the amount of money that can be saved every time a transaction. There are certain credit cards that provide cashback facilities for up to 25%, this can be one way to save money.

Minimum Transaction Limit for Cash Back

What must be recognized next is the minimum transaction limit that may be imposed. Each issuing bank has different provisions. For example, some provide a 25% cashback facility without a minimum transaction limit. But on the one hand, there are no price discounts.

Meanwhile, there are also provisions on transaction limits, for example, 6 million transactions for a 3% cashback, but provide a discounted price of tens of percent for betting transactions at certain merchants. the existence of this discounted price is one thing that really helps save money too. But keep in mind that the main benefit of a cashback credit card is the cashback requirement for each transaction anytime and anywhere.

The presence or absence of other benefits

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For the latter, this is actually the most important thing. Because what it means is we have a cashback credit card but it can’t be used in many places. Even if it has a large benefit in terms of the percentage, it must be known that some cash back credit cards also have limitations in terms of usage limits, sometimes some are not accepted by certain merchants.

Recognizing the five basic things before applying for a cashback credit card is important. Because then we will have enough stock before applying for a cashback credit card.

Take out an affordable mini loan?

Mini loan

Mini loan

The word “mini” says it all. A mini loan is a small loan. Usually up to a maximum amount of $ 1,500 per provider. This is very different from a revolving credit or a personal loan, where the minimum loan amount is just above $ 2,500. A mini loan is a loan that you usually have to repay within 30 days. There are a limited number of providers who maintain a period of 45 days.

The major advantage of a mini loan is that no BKR assessment and registration is done when these loans are granted. A mini loan is therefore a good form of borrowing money for people with a negative BKR registration. If you have a negative registration, a mini loan can really be a solution. Despite the high additional costs.

Inexpensive mini loan?

Inexpensive mini loan?

Are you looking for an affordable mini loan? Then you will soon notice that this is not easy. The rates that the providers of mini loans can charge are hefty, very high. If you also have the option of taking out a revolving credit instead of a mini loan, this may be a much better option for you. Or at least a much cheaper one. With a mini loan, the costs can add up considerably.

For example, if you want to take out a small loan of $ 500, you may well have to pay more than $ 60 in additional costs. With some providers it can be even crazier and you pay more than $ 100 in costs. Your loan then quickly becomes a very expensive loan.

Borrow money fast?

Borrow money fast?

Where in the past this form of borrowing money was really a very fast way of borrowing money, unfortunately that is no longer the case. The processing time for such a small loan can also take up to several days. Only if you are an existing client with a provider can you quickly have the money in your account. You can think of borrowing money without BKR testing within 10 minutes. And that is unique again.

Even if you have suddenly received an unexpected invoice. Whether there is an account that you really need to pay urgently. Incidentally, the providers of “ordinary” loans are almost as fast. You can sometimes get a revolving credit into your account within 24 hours. Provided you can deliver everything digitally, of course.

Taking out a mini loan, who is suitable for?

Taking out a mini loan, who is suitable for?

A mini loan is a small loan that is used regularly by many people. Many people see such a loan as really an emergency provision. A last resort. When all facilities are used up, the emergency provision is called. And this loan is also suitable for this. However, you should keep in mind that borrowing this form is certainly not beneficial.

It is not without reason that the AFM frequently warned against taking out this form of borrowing money. However, a mini loan can be a nice last resort. For example, borrowing money as a temporary worker. You can hardly go to any bank. Despite the fact that the regulator is not happy with this form of borrowing money, it can still be a real outcome for many people.

Mini loan without BKR assessment and registration

Mini loan without BKR assessment and registration

The nice thing about a mini loan is that it is always a form of borrowing money where there is no BKR assessment and registration. This is because the providers of mini-loans are not affiliated with the BKR. Because they are not affiliated, they cannot do BKR testing. And you cannot register BKR either. Not when taking out the loan, and not if an unexpected payment arrears arises on the loan.

Mini loan up to 1500 USD

Mini loan up to 1500 USD

With a mini loan you can borrow money up to an amount of 1500 USD. They call this a plus loan. This loan form is actually a slightly more extensive variant. With a “normal” mini loan you borrow an amount up to 800 USD. You must then repay this within 30 days. With the extended variant you can borrow up to 1500 USD. You will be paid this amount in one go in your account. You must then repay this in 2 installments. The first term after 31 days. This is approximately 45% of the amount you borrowed. And the second term after 62 days.

Falling mortgage rates: renegotiation or buyout?

2016 continues to present very attractive mortgage rates, overall durations! With competition from banks, the records observed in June 2015 are about to be broken.

If you took out your loan before 2014, renegotiating it or having it redeemed is all the more beneficial.

Renegotiating a mortgage, an operation less and less sought after

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As highlighted in the February 2016 edition of the Fine Bank info on loans to individuals, 31.2% of the real estate loans taken out last February came from a renegotiation. This figure was 54.5% in August 2015. However, this operation can save you up to 20% of the total cost of your loan!

In the short term, renegotiating your credit can sometimes be more economical than buying it back. Also, it is sometimes faster to achieve. However, note that administration fees may apply.

What explains this drop in interest in renegotiation directly with the lending bank? The interest rate that can be obtained from a loan repurchase is surely the answer.

Really take advantage of mortgage rates by redeeming your loan

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The redemption of your credit also incurs costs. The early redemption indemnities (IRA), which are often estimated at 3% of the capital remaining due, are an expense to be expected.

But rest assured: they are capped at an amount equal to 6 months of interest and, by renegotiating with your current bank, can be lowered or even abandoned.

The transaction involves other costs, notably related to warranty fees but also brokerage fees, if applicable and depending on the broker.

As part of a mortgage guarantee, these are expenses related to changes made to the characteristics of your mortgage. Finally, be aware that in the case of a guarantee carried by a surety, part of the current bond will be returned to you once your redemption has been made.

But then, why is it worth buying a loan? The savings linked to a better mortgage rate can amount to thousands of dollars. In the long term, a bank’s offer offering you a lower rate can, therefore, compensate for the fees detailed above!

If you have repaid more than half of your loan, having it redeemed generally saves you money on your loan insurance. Conversely, a redemption made during the first half of the repayment plays mainly on the financial weight of the interest.

Home loan buy-back, a tailor-made solution

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A change of lender is also an opportunity for you to redefine your financial priorities. If you have the capacity, you can, for example, reduce the duration of your repayment by paying higher monthly payments.

Thus, you reduce the total cost of interest and pay less loan insurance costs. In the event that you wish to take advantage of the operation to benefit from a more flexible budget, you can lower your monthly repayments while maintaining or extending the duration of your loan.

This makes it easier for you to meet other needs while enjoying valued purchasing power.

Finally, be aware that a simulation with a mortgage broker is free and without obligation. It allows the study of your situation by specialists who will be able to advise you and find for you the most advantageous offer with regard to your profile.

Is happiness in the loan?

Times are changing, mentalities too. The time when our parents or grandparents especially did not want to go into debt and resort to bank loans is well and truly over. The evolution of lifestyles having changed behavior, the doors of different types of banking establishments are pushed more easily.

 

More accessible credit, longer loans

credit loans

Over the past thirty years, bank loan rates have fallen by more than 10% over the long term, the long term having long referred to loans over ten years. Low rates make it more attractive for a potential buyer to borrow than to have to make a large contribution.

At the same time, the term of the loans has increased significantly. In fact, in less than a decade, the majority of the duration of loans has increased from 15 years to 25 years and it is not uncommon to see loan durations reaching 25 or 30 years, which was extremely rare. there is still little.

In other words, the fall in the cost of credit has thus paved the way for a massive extension of repayment terms. The low rates allow the lengthening of the loan duration, which allows the reduction of monthly repayments significantly. These mechanisms have helped to give access to credit to the greatest number.

 

Other causes of the credit boom

Other causes of the credit boom

Since the Thirty Glorious Years, health has evolved at all levels, the average age and lifespan of the French has increased steadily and dramatically. The longer lifespan reassures financial organizations and a 58-year-old, for example, has much easier access to it than before.

We also note that the arrival of young people on the job market also occurs much later, which pushed the average age of the first acquisition of housing around 34 years. However, the various governments have regularly tried to support the construction industry, which is highly job creator, by granting aid or loans at zero rate, which are becoming cumulative with other incentives for first-time buyers.

The rise in strength of lending organizations, as well as online banking, is also a reason for the ease of access to loans and their democratization.

Rather than breaking an investment and having to bear the costs and taxes that flow from it, it is therefore better to study these different possibilities, in order to return to your apartment or house for the price of rent, while constituting your own patrimony!

‘Fresh Graduate Employees’ Also Need to Have a Credit Card, Why?

After graduating from college and getting a job right away, you are referred to as a ‘ fresh graduate employee’. When you start working and get a salary, a sense of excitement is sure to come because you don’t need to stand by your parents.

After receiving a salary, that means it’s time you are able to become a financially independent person. You must be able to manage your own finances. Because managing your own finances is a must.

To start learning to manage finances, it doesn’t hurt if you use a credit card. You can use a credit card because it will easily control your finances, even with a credit card, expenses will be recorded clearly and well.

Easier to Monitor and Manage Expenditures

Easier to Monitor and Manage Expenditures

Understandably, when it comes to managing financial matters, it is still an awkward thing for a fresh graduate employee, because it is not a normal activity.

Generally, these fresh graduate employees are still more focused on a lifestyle that is quite wasteful when moving to the workforce. Always want to treat friends or just hang out in a cafe.

But financial independence is a must when you already have your own income. Now, with a credit card, actually, you can monitor expenses that sometimes become out of control because the spending history just goes away.

With a credit card, every transaction that has been done will be recorded or printed on the billing statement every month. So if there is excessive use, it will definitely be discovered. This is what will make you think twice about acting the same as the previous month at a later date. Because you will easily make expenditure items in the future.

Easily Set aside Money to Add Savings

Easily Set aside Money to Add Savings

This credit card transaction is non-cash (cashless). Because credit cards are only used for a certain number of transactions without additional costs. Of course, if you pay the full amount of the alias does not pay the minimum and there are no arrears, so you are not charged transaction fees and fines.

Thus, monthly needs transactions can use the credit card and you can add savings. Because with a credit card, you will usually find a cashback promo (cashback), and you can collect it to become a personal saving. Favorable, right?

Many Enjoy Promotions Including Getting Cheap Prices

It’s no stranger to many credit card issuers offering various promos through collaboration with merchants. Not a few, products and services offered at prices that are much cheaper than purchases without a credit card alias cash only.

So do not be surprised if the credit card is actually a place to get attractive promos. Unmitigated, promos that are often offered from transactions using credit cards are almost there throughout the month and every month, even.

Promos offered from transactions using credit cards vary, ranging from discounts or discounts to tens of percent, as well as cashback promos for certain transactions.

Simplify and Save Traveling Costs

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The fresh graduates of the millennial era certainly can not be separated from the habit whose name is to adventure somewhere. Traveling as if it can not be separated from the mandatory agenda carried out, whether it’s once a month or once a few months.

Unmitigated, the tour carried out was not only limited to domestic but also abroad. Well, if you already have a credit card, then you can get a lot of conveniences.

The convenience offered from credit cards for hobbies traveling starts from buying plane tickets online, booking hotels at the destination, and conducting financial transactions in the destination country. If credit card promos are often quite interesting, so they can save on travel costs.

Mortgage loan: which loan to choose?

With the large number of financial institutions and the different types of loans available, you may not know which mortgage to choose. Above all, the ideal is to know your needs. This is given that there are loans that are not suitable for you, whether on terms and benefits. To help you, here are the four main mortgage loans.

 

Home savings

home loan

It is the first choice of most investors because it has given them an opportunity to build savings for years. Thus, it is more precisely a savings account with a relatively low interest. Depending on the underwriting in the placement, the rate may be even lower. Also called PEL or home savings loan, it represents a group apart compared to the establishments which grant credit.

 

Fixed rate credits

credit loans

This is the offer that most attracts French people. The strengths of a fixed rate loan is that it is simple, the different parameters of the credit are fixed in advance. So whatever happens in the financial or real estate market, the rate, the repayment period and the amount will not be changed. On the other hand, transparency is guaranteed: the applicant knows very well where he is setting foot. For comparison, interest is higher than that of the variable rate for a mortgage.

Suppose you decide to buy a house and get a mortgage. To call a mortgage broker recommended by your broker, a family member or a friend. Perhaps this is a reputable mortgage bank that you have done business with in the past. You fill out a loan application and receive a letter from preapproval.

 

Variable rate loans

Variable rate loans

As the name suggests, it is a credit where the rate can go up or down at any time. The variation is a function of several trends: financial market, the euro zone, supply and demand on the market, etc.

The amortization policy applies to this category of loan. With monthly repayments, the monthly payment is fixed at the same time as you have the possibility of creating capital. The monthly repayment is reduced as the years go on. At the end, the saver will have settled all his loan. Loans in fine are more suitable for those interested in investing in rental property.

Credit: it’s time to borrow cheaper than inflation

For borrowers, all indicators have rarely been so positive: prices per square meter are low and stable, and inflation is low. A situation that might not last: it’s time to invest!

 

Take advantage of low rates

credit loans

At the start of 2016, prices per square meter of real estate remained stable and low with a national average of $ 1,460 per m 2. In parallel, the rates posted by banking organizations, or specialized, are at the lowest for months, at 2.15 % in February 2016. So many parameters that should encourage you to get started in real estate investment, that be it your main residence or for the creation of a heritage.

The advantage of these lowest rates, even if the criteria of the banks change little, is that it is even more interesting to buy with a minimum contribution. So much so that the cost of borrowing has become almost negligible. For example, a loan of $ 150,000 over 15 years in 2001, at the rate of 5.62%, cost you over its term $ 72,336 in interest, or a monthly repayment of $ 1,235.20. Today over the same period, this loan will cost you only $ 25,618 for a monthly payment of $ 975.66, while inflation over the same period was almost 23%!

 

Playing with inflation

credit loan

For the second consecutive year, inflation was almost zero in France in 2015. But if it were to restart, your money not invested (or that you could have borrowed) would lose its value. The risk is very real, because all the parameters of a restart are met:

  • Oil is at its lowest, it can only go up.
  • The dollar is at its highest, it can only fall.
  • Energy prices always rise with a delayed effect in times of conflict.
  • Increasing spending on armaments because of wars that are getting bogged down.
  • Low unemployment in the United States is expected to drive up wages.

By borrowing now at a fixed rate, you are likely to soon find yourself in a situation where inflation will exceed your rate. You just have to find the property of your choice!