The Article Writer - Austin
Written by Thomas Lechner
You can treat a Credit Card like "having money". Then you know, whenever
you need it, you can have it. It sounds very incredible, and yes it is ! It is
just yours. But this is also the actual, real crazy reason, why most of the
people have huge amount of debts. They themselves had this money also
available - it was just sitting there, in front of them !
You hear them saying, "this it is so fantastic, now I can buy ...,” and “it is
so easy, to pay it back". Then they see something else and say "This is
actually, I was looking and waiting for, since a long time". And soon comes
a situation, where you can hear "I actually don't want to pay for that, but
I will use my credit card, because I have to".
What is their mistake ?
They assume, that they "have" money, but they go shopping with their
Credit Card. They know, if they would use their normal Check Card, some-
Nada ! And this is, what can make
people very upset.
"I have 5 Credit Cards" is a real feeling of power.
What are the successful actions,
which keep a Credit Card in good shape ?
1. Know the credit limit and the APR on every of your cards.
2. Know the billing date (due date) and the date for your next statement,
to come out.
3. Does the finance charge for a month get generated together with the
statement for that month, or does it get generated already at the be-
statement got created. This is important to know, if you are already
operating at your credit limit. You can overcharge your card, and you
don't know why. You thought you had it under control, you watched it,
- and then peng !
4. In the moment you know the APR on your card and what the percentage
for your Minimum Payment is, ...
... then you can figure out the following:
- How much money does your boss give you cash every month as your pay.
- What are exactly all the bills, you have to pay each month on a regular
basis, including food, cigarettes - everything !
- How much money is now left over every month, where you could still pay
for something else, as a routine. If there is some money left, you can use
your Credit Card, because you can pay it back.
The Ideal Scene !
You know now the left-over amount from your pay, and you know your APR
and the card's minimum payment plan. Now you have to figure out, how
much/high you can charge on your card, still being able, to pay it back with
ease. Your Credit Card could have a Credit Limit of 15.000.- $, but you can
only securely give back a monthly payment, fitting to a limit of 7000.- $.
So you know, that using your 15.000.- $ Credit Card, allows you personally
only, to take an amount of 7000.- $, otherwise you couldn't pay it back.
This is called "personal ethics" on finances !
But in the moment your boss is paying you more money for your job, then
you can put your own Credit Limit on your Credit Card that much higher too!
My personal trick to get the best APR Deals !
It is a longer process over several months.
You already got your first Credit Card and, off course, you use it like hell.
But you always pay your monthly fee. You would prefer to die, rather than
not to make your payment. Then, from the same Bank and from several
others, you will receive new Credit Card Offers (called applications). You
apply, you receive the new cards, but you would never ever use them, not
for one moment in your life. You still only use your first card. Several
months later, to catch your attention, these cards will start offering you
very incredible balance transfers. You say to them "Do I really have to
pay for this transfer fee of 75.- $, because this is actually not, what I
want". They find ways, where they can service you per all your needs.
I had 25.000.- $ on debts on cards with just 3.99 APR for the life time
of the credit. Nowhere else can you get such an affordable Loan from
a Bank.
You can do it even with one bank. You have 3 Credit Cards from Citi
Cards, and you transfer a balance from one to the other. Then you take
the amount of Credit limit from the 3. CitiCard, and put it on top of the
low interest card, you also got from them.
The deal is, if you are interested into your personal life, handling
whatever comes up, you will find solutions and your own way to optimal
survival. If you just live along and play around with goofing, then you
may not have these things happening, because your own attention
is on something else, or nothing.
So my friend - do good,
and let's put some more energy to it, and get it rolling.
you need it, you can have it. It sounds very incredible, and yes it is ! It is
just yours. But this is also the actual, real crazy reason, why most of the
people have huge amount of debts. They themselves had this money also
available -
You hear them saying, "this it is so fantastic, now I can buy ...,” and “it is
so easy, to pay it back". Then they see something else and say "This is
actually, I was looking and waiting for, since a long time". And soon comes
a situation, where you can hear "I actually don't want to pay for that, but
I will use my credit card, because I have to".
What is their mistake ?
They assume, that they "have" money, but they go shopping with their
Credit Card. They know, if they would use their normal Check Card, some-
"I have 5 Credit Cards" is a real feeling of power.
What are the successful actions,
which keep a Credit Card in good shape ?
1. Know the credit limit and the APR on every of your cards.
2. Know the billing date (due date) and the date for your next statement,
to come out.
3. Does the finance charge for a month get generated together with the
statement for that month, or does it get generated already at the be-
statement got created. This is important to know, if you are already
operating at your credit limit. You can overcharge your card, and you
don't know why. You thought you had it under control, you watched it,
-
4. In the moment you know the APR on your card and what the percentage
for your Minimum Payment is, ...
... then you can figure out the following:
-
your Credit Card, because you can pay it back.
The Ideal Scene !
You know now the left-
and the card's minimum payment plan. Now you have to figure out, how
much/high you can charge on your card, still being able, to pay it back with
ease. Your Credit Card could have a Credit Limit of 15.000.-
This is called "personal ethics" on finances !
But in the moment your boss is paying you more money for your job, then
you can put your own Credit Limit on your Credit Card that much higher too!
My personal trick to get the best APR Deals !
It is a longer process over several months.
You already got your first Credit Card and, off course, you use it like hell.
But you always pay your monthly fee. You would prefer to die, rather than
not to make your payment. Then, from the same Bank and from several
others, you will receive new Credit Card Offers (called applications). You
apply, you receive the new cards, but you would never ever use them, not
for one moment in your life. You still only use your first card. Several
months later, to catch your attention, these cards will start offering you
very incredible balance transfers. You say to them "Do I really have to
pay for this transfer fee of 75.-
I had 25.000.-
a Bank.
You can do it even with one bank. You have 3 Credit Cards from Citi
Cards, and you transfer a balance from one to the other. Then you take
the amount of Credit limit from the 3. CitiCard, and put it on top of the
low interest card, you also got from them.
The deal is, if you are interested into your personal life, handling
whatever comes up, you will find solutions and your own way to optimal
survival. If you just live along and play around with goofing, then you
may not have these things happening, because your own attention
is on something else, or nothing.
So my friend -
How Can You See Your Credit Cards Going Up,
Instead Of Getting Down !
Instead Of Getting Down !
