What is the point of using a credit card when compared to a debit card? Aren't you less likely to get in debt that you can't repay if you just use debit?
Let me take a stab at this question from a different perspective. Ive seen many customers savings money avoiding debt by putting there money in a savings or cd account. For a nominal return. What if you can make 1 — 3 % on your spending. Would that help you?Now- what is the average household salary in the USA. 50k.Thats a median number. Most two working parents earn on average 50k each. To say the average income in a two household is 100k is realistically low.How much of that is used on food, gas, entertainment?The cost of the movies for a family of 2 alone is $50.00. Food $100-200 a week. If one eats out 5x a week for lunch thats $50.00 bucks more. Coffee, starbucks, dinner, pizza night.What about vacations, hotel stays, air fare. May cost $2000 combined for the week. Is the picture becoming clear?Opps forgot to mention- netflix, spotify, pandora,and any media streaming platform.Utilities- cell phone, cable, water. Etc 200 for a family of 4. Easy. I left out others clearly you can add more.Easily one can spend 10 —30k a year on these expenses. People usually spend more.Now why put that on your debit card and not earn money back?Credit cards esrn rewards- some can earn 1-3x cash back with bouns points and perks to add.Simple math spend $1,000 a month and get 1.5 cash back is…….drum roll$1,800 a year. Plus other benefits. Based on life style.Are you saving money not using a credit card? That $1800 cash back can go to a savings account. Does your debit card do that.Its about habits. Good financial habits. Its about taking the opportunity to earn more. Because if you dont take the opportunity you can lose the opportuniy to have more.You don't spend what you don't have. If you spend it anyway. Put it on a rewards card. Take advantage of the spending perks and more power back to you.If you can't control yourself. Because you wont pay it back. Youll need to learn how to to become more financially independent. If not well thats why u struggleHope this helps
Is it worse to have your debit card or your credit card stolen?
Debit card…I didn’t have my debit card stolen but one Friday night — after my bank closed — my puppy ate my debit card. I had no way to get any cash or money out of my bank for the entire weekend.Besides being able to access your money — credit cards are better about catching fraud because they have a $50.00 liability limitation on fraudulent transactions. In other words, if someone charges 500 bucks on your credit card fraudulently, you are only liable for 50 bucks (and many credit card issuers won’t even make you spend that).Debit cards don’t have this limitation (though you may be able to work with your bank to try to contest the charges and get the money back).Either way — the second you realize ANY card was stolen, contact the issuer and let them know so they can shut it down IMMEDIATELY!
When is my credit score gonna raise?
I missed a couple of credit card payments a year ago because I had lost my job. Since then, I have been vigilant about paying everything off but my score hasn't raised much and I can't approved for new credit. It's extremely frustrating. How much longer do I have to wait?
How do I increase my weekly investment limit on Coinbase? I have invested the maximum I'm allowed weekly since joining, and I have verified myself.
Time and transactions, it’s the only way. You can beg, open support tickets, send them over earning statements and tax returns all you want and they’ll never do it.I was lucky enough to get involved with Coinbase when it was in its infancy and that was my biggest complaint. I used to use Square which let me buy up to $5k in BTC/wk. When square stopped selling BTC, I moved over to my ‘dormant’ Coinbase account and had a $500/wk limit or something like that. I literally begged them because I thought I was missing opportunities (and I was).I volunteered bank statements and statements from other exchanges to show them I was using it responsibly. They don’t care, most of their service is automated on the back end for the most part. They actually asked me to stop bothering them (as politely as possible).I setup recurring daily BTC purchases- this was before they had the outrageous fee structure that they have now, so it wasn’t so bad, but one day I logged in and had SIGNIFICANTLY higher limits. Shortly after that they raised it again, higher than I had ever thought I needed.In the mean time, sign up for Gemini, Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO and whichever other reputable exchanges that are licensed in your area. Just buy as much and as often as you can from Coinbase and they’ll raise everything from you.It also helps to have a debit card and and a bank account setup. Your limits are separate for each which should roughly double your buying power. You limits for different cryptos are also separate if I remember correctly, that means that in theory you can purchase a currency you don’t plan on using and exchange it on another exchange.Good luck! I’m sorry I don’t have an answer for you that is more along the lines of what you probably hoped to hear.
How many months do the bank wait before seizing the car for non-payment of loan EMIs?
After non payment of three Instalments your account becomes NPA. Even after that still payment is not made the bank will reposses the vehicle. When? There are no hard and fast rules and it is the discretion of bank and it is left to convenience of staff at the branch. Hope this helps.