How does a bank benefit by giving me a credit card?
A lot of credit card customers are actually unprofitable for banks. If there is zero activity, they still have to send you a card and billing statements, pay for the customer reps if you call in, etc... This base cost may be $10 or it may be $150 a year depending on your behavior. There are two major groups of people that make offering a credit card product profitable for a bank despite incurring these costs.Revolvers - this is the term for credit cardholders that do not pay off their statement balance in full every month. The bank charges 12-25% interest (aka finance charge) on this balance, which generates a lot of profit. Some revolvers don't even make the minimum payment, in which case they also get hit with fees on top of the interest.High volume transactors - people who pay their balance off in full each month, but spend so much that banks make money based on the interchange. If you spend $20K a year, the 2.5% (or more) fee banks charge merchants generates $500 in revenue. This more than makes up for the cost of maintaining your account.In your particular case, they're not making any money off you right now. They're probably hoping you start using your card and turn into one of the above groups.
How do I get a good credit rating. I’m 25 years old, I have never had a loan before or brought anything on finance, and I don’t have a credit card?
No credit is almost the same problem as having bad credit. Our world today is heavily weighted on good credit. Is is factored into how much you pay for insurance, sometime’s on if you will be hired and you definitely need it to buy anything big. My advice is to get one credit card, pick one that credits air miles or gives a rebate and if you are ready, buy a car. My 25 year old son found himself in this same position. He tries to buy everything on his credit card but pays it off right after the statement arrives. Do not be tempted to pay before your statement or the transaction will be completely wiped out and it will appear as if you didn’t charge anything. My son wanted to pay cash for his new Mazda but instead we talked him into paying 2/3rds. He took out the loan for the balance balance. He didn’t get the worse rate but he also did not get the best rate. That rate is reserved for people with good credit. He set up auto payments so the payments were always on time. In two years he now has excellent credit.
What is the fastest way to build your credit up after a bankruptcy?
Assuming the bankruptcy has been discharged (if not, focus on that first), try the following:Have someone add you as an authorized user on their credit card. Their person should have a strong payment history (never paid late), has had the card for at least a year or two, and keeps a low balance on the card (below 30% of the limit, ideally, below 10%). This person doesn’t have to give you the card for spending, as just being added will help you build credit.Open a secured credit card. Always pay on time, and pay off your balance each month. If needed, set up autopay, or centralize your accounts at a place like Mint. After 8 to 12 months, you might be able to upgrade to an unsecured credit card. See here for the best secured credit card options.If you can afford it, try a credit builder account like Self Lender, which allows you to save money while building credit.The first year or two after bankruptcy is tough, but if you follow these steps, financial options will open up again, and you’ll start to see your credit score steadily rise.
Which is the best website for creating a virtual credit card?
Online Free virtual credit card (Free VCC) pros and cons:Let, start with well-known advantages of free virtual credit card ( Free VCC ). Buy virtual credit card name is like they have many pros.It’s free without any extra fee.This is best way to protect Bank account informationWe can put limitations.Time and payment Limits.User feel safer while transaction.Virtual card widely acceptable.Fraud protectionEasy Replacement of VCCFixed Exchange Rates (USD, EUD, INR etc)List Of Top Free VCC Provider Verifying Online SitesBest Free Virtual Credit Card (VCC) Provider For Verifying Sites - PremiumInfo
What are the benefits of a credit card?
Many people also use these cards to pay monthly bills, insurance premiums etc. Besides being convenient, there are other benefits of using credit cards too. 1) Cash back: Many banks offer cash back opportunities if you use your card to pay monthly bills or for grocery purchases. Never use your debt card to make a purchase, but rather always use a credit card. Pay off the entire balance every month. As long as you pay your credit card bill off fully at the end of every month there's no reason to ever use a Debit card when going shopping.Advantages and Disadvantages of Credit. Credit can be good when used wisely. The main reason most people use credit is that they do not have the cash to pay the total cost of an item or service at one time. Another reason is that it may be easier to pay for an item through regular installment payments. A credit card is issued by a credit card provider, like Capital One, and they are designed to pay for things in shops or online. You can also use credit cards for balance transfers and taking out cash from an ATM. Business Credit For My Business
How can a college student in India get a credit card?
I am taking this question to inform all majors (18+) that HDFC bank does provide unsecured credit card to people who are college going and/or are unemployed. Yes, you don’t need to open an FD for acquiring a credit card. But, only the HDFC savings account customers are eligible to avail this facility.I am a student without any source of income and I applied for INSTA CREDIT CARD through HDFC Payzapp app. The card was approved in 2 hours (yes!) without any paperwork. Ofcourse, HDFC runs a background check on your savings account and big data algorithms to decide on the approval and credit limit based on your transactions history and spending pattern. You account must be old enough to generate substantial history, 2 years in my case.While the credit card approval depends solely at the discretion of the bank, if you hold an HDFC savings account, you can give it a try. For other major banks, credit card against FD is an option. Other, apply for an add on card if your parent/sibling possesses one.P.S- If you are not a financially disciplined person (and without any income source), then you should not opt for credit card. It comes with very high interest rates (~36–42% pa) for new customers, especially if without any income source, and may easily lead to huge debt if not handled responsibly. And, a poor credit score is always on the card in such cases.
Can people check my credit report without a social security number?
In the US credit system there are 5 main data points used to pull your credit. Any two can be used to generate a report, and social security number is only one of the five.Obviously your name is one, address is another. Government-issued driver's license or ID number and date of birth are also used.In addition, if you provide previous addresses, they can be used as well but some places do not ask for previous addresses when taking your credit application.Here's something to think about:If your name is Theodore and your mother's name is Thelma, then the 2 credit reports have a potential to become merged due to the fact that most people have at one point in their lives lived in the same household — the same address — as their mother.That is just one of many situations where sometimes the data gets mingled and mixed up. The reason is, the bureau computers look at the first 3 letters of the first name and the last name. Some creditors do not report birthdates as part of their data, and so it looks like the same person in some of those cases. I have seen a report where there was an account on the record that was almost as old as the person applying for credit, and it was because it was an old account and the first 3 letters of both the first and last name were the same. It was obvious that a person would not be able to open an account at the age of 3 years old, but when the systems used generate a FICO score and the lenders only go by FICO, that fact can cause a big headache. Or if the credit is GOOD and still active, it can be a BLESSING! But in either case it is not an accurate picture of the credit history of the person seeking the loan.And that is just one example of how easy it is to end up with an error on a credit report that you may not be aware of at the time you apply for credit.So if you don't monitor your credit regularly, it is a good idea to at least pull your own credit report before applying for any credit so that you can see what is there and make any corrections needed BEFORE you seek out financing, especially for high-value purchases. Doing so can save you from lowering your score by applying for credit accounts you might be turned down for, because when you pull your own credit it doesn't lower your score. But when a potential creditor pulls it, it takes a few points off here and there.
4 WWE Questions? No Childish Answers Please.?
Q1 : No I don't think his marriage influenced his title reign.Popularity means a lot.Look at John Cena,the only reason he won the title is because he's popular among children and housewives because of his squeaky-clean image.Randy Orton was the previous champion because he is the biggest heel on the roster,next to Edge.So responce from the fans mean a lot,regardless whether the responce is good or bad.Of course,Vince won't want the fans to think his daughter married a loser. Q2 : Yes.Today's Divas are more about looks than wrestling ability.You just have to be pretty,have previous experiences with modelling/TV,have big breasts,have a fundemental knowledge about wrestling,and be able to do strenuous activities for about 5-10 minutes. Q3 : Yes,I'm a little bored with his character and WWE's insistence to keep him in the limelight,and letting other stars fade or never get the chance to shine,except for a select few.If you look at the period when Cena was injured,Orton became the top guy,JBL made his return,and Triple H rose to prominence again.If Cena was around he'd be holding on to the title until November or December before he might lose. With WWE's current script-writers,their policy is to use part of the wrestler's real personality and turn the volume way up.With Cena's volume turned way up,He'll be more passionate,but he'll still be a boring character.His previous character is more interesting,always with something witty to say and always has a chip on his shoulder,and all in-your-face.That was interesting,this version of Cena is not. Q4 : I think the problem is that very few black people want to become wrestlers.I don't think wrestling appeals to them because for one thing,they believe that wrestling uses stereotypes to model characters(i.e. Cryme Tyme) and they don't want to be stuck with that stereotype with the rest of their lives.Secondly,they like boxing more because boxing carrys a lower risk of injury and rarely if you get injured,most likely you'll be paralysed from the neck down or die.Boxing is also "real",while wrestling is "fake",and we know how many people keep talking about "keeping it real" without knowing what "real" is.
Isn't it ridilicious how a LEGEND caliber of Ric Flair being booked to lose all the time since 2002+BQ?
Ric Flair was the greatest World Heavyweight Champion in history and he was one of the best in 1980s. He's a former 16 time World Heavyweight Champion and many consider him to be the greatest pro wrestler of all time. But, look since his return to wrestling in 2002. Since then, Ric Flair was booked as a Legend who has past his prime and he was almost losing all the time. Ric Flair jobbed to almost everyone, not only main eventers and World Champs such as The Undertaker, The Rock, Steve Austin, Brock Lesnar, and Triple H. He also lost to mid carders such as MVP, Finlay, Kenny Dykstra, Carlito, Jeff Hardy etc, and he even got squashed by The Great Khali, Umaga, etc. And yes, he eventually get one last big push when he was allowed to retire at WM 24. But, after that when he came to TNA, TNA once again book him to lose almost all of his matches. He jobbed to Kurt Angle and Matt Morgan and even submit to Jay Lethal and Roode. This will eventually tarnish Ric Flair's once great legacy. What do you think? I think it's really ridilicious to book a Legend and former 16 time World Champion this way. They're right to make Ric Flair losing sometimes to build new stars, but not getting destroyed all the time. BQ: Do you think Ric Flair looks like a jobber with him losing all the time like this??? BQ2 : Do you think Ric Flair should be booked "STRONG" sometimes, just like Shawn Michaels and Kane??? Shawn and Kane also jobbed a lot, but sometimes they are made strong coz they also need this to make their Legend secure. But, I don't think Ric Flair has ever been made strong since 2002. Do you think he should be also made strong sometimes?