Archive for May 2019

Best credit cards for students and why you should own one

Nowadays you can’t go anywhere without a credit card. Of course, cash is still in use but in the nearest future, it will disappear completely. But not only because of this we are going to speak about the best credit cards for students.

There are numerous features with which all modern credit card are equipped and which are crucial in the fight between cash and credit card. For example, the cash won’t help you to grow your credit rating as fast as a credit card. A lot of best credit cards for students with no credit and best credit cards for students with bad credit are available on the market today.

Another good reason to order a credit card is a significant opportunity to track your expenses. Without this perk, you won’t be able to manage your finances in the right way which is especially important for students whose finances are usually not very high to squander right and left. Top credit cards for students usually offer this option.

We still haven’t mentioned perks which can save you a huge amount of dollars. They are cashback and different point reward systems. It may seem as if it is such an insignificant amount of money that these perks are not the reason to order the card. But when you will receive a 5% cashback on all your purchases and then at the end of the first year your cashback will double up you will definitely change your opinion.

The last reason to get a credit card is a refund option. In any controversial situation with any shop, you will receive a refund. Or for example, if you lost your card you can freeze all assets with one phone call to your bank. I think you in the same situation you won’t be able to save your lost wallet with cash.

Credit cards offer for students a low entrance level (you don’t need a high credit rating to order a card, it usually varies from 350 to 650) and a unique opportunity to raise a high credit rating or a good credit history. The sooner you get on with your first card the more reliable credit rating you will have in the future which will help you a lot of course.

We have analyzed a lot of best credit cards for students and it is hard to say what is the best credit card for students but the most profitable and balanced one which has really useful perks is Discover it® Student Cash Back Card. This card is probably the top credit card for students because of the cashback. It can be up to 5% depending on the store. No other card can offer such an attractive offer. As a nice addition Discover It doubles your cash back after first 12 months of usage. Remember that your credit rating must already be average or above average so this option is not related to the category of the best credit cards for people with no credit or credit cards for students with bad credit.

Always be sure to pay your statements in time. If you won’t be a responsible holder of the card it can cause some bad consequences in the future. No one wants to start the adult life without a good credit history right after a university.

More than 50% Of Balance Carriers Have Been In Credit Card Debt for a Year

If you carry some balances on your credit card that are eating into your pocket every month with interest charges, then you aren’t alone!

A recent study by Clever, a Real estate data firm, almost half -47 percent- of people who use credit card said they were carrying balances. An entire 56 percent of those cardholders have been in debt for a year while another ¾ (72 percent) of balance-carrying card users had accumulated $1,000 in pending credit card debt.

The research also revealed that a large number of these balance holders are not positive they’ll clear their debts soon. According to the figures, only 30% of US citizens with credit card debt are optimistic they’ll settle their debts this year.

In every 5 Americans, one feels it may take up to three years settle their card balances.  7 percent think it will take more than five years to pay off their balances. Meanwhile, another 8% say they have no idea when they’ll settle the debts, if at all they will.

What Carrying A Balance Means

To cardholders, carrying a balance can mean a lot of expenses. Credit card annual percentage rates (APR) stand at 17.7 percent, that’s a 0.5 percentage point uptick over the past six months. That is to say, people with bad credit are paying APRs over 25%.

Do the math right, and you find that accumulating a $1,000 balance per year at 17.7% APR will cost you $100 in total interest!

So, where are Americans missing the mark? A 2018 study by CreditCards.com found that 22% of cardholders think accumulating balances improve credit score. Regrettably, that is not true. You must not carry balances, more so, if the interest rate is high, in the name of establishing credit.

Your credit accounts must not be in use to keep up a desirable credit score. But you deny lenders a chance to asses your creditworthiness if you aren’t using your card at all. So, the smartest way to build a higher score is to pay off all your payments on time, per month, and in full.

Why Customers Carry Balances

Sometimes, circumstances push cardholders to accumulate debts. Other times, card users are spending more than they clear off per month. More than half of the subjects mentioned purchasing groceries as one of the reasons they carry credit card debt. Shopping online and in-store followed closely at 48% and 43% n that order. An entire 44 percent said eating out as part of their debt contributors.

Wrapping Up

Cardholders must now take care of their spending habits and stop assuming that carrying balances will build their scores. Also, they need to be proactive in ensuring timely payments and avoid things that could lead to accumulating balances.

Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker. He’s just as passionate about getting a merchant account with bad credit as he is with traveling and spending time with his dog Cooper.

‘Health’ Choices to Avoid When You Diet

According to Andrew Binetter, food expert, these are foods you should avoid despite their ‘health’ label.

Fresh-Pressed Juices

Many people drink fresh juices constructed from fruits, vegetables or a mix of both to improve health or increase weight-loss.

While not every juice on the market is high in sugar and calories, a lot of fruit juices are.

Drinking fresh fruit juice on a regular basis can add to excess calorie usage, which may create you to put on weight.

Stick to juices that contain primarily non-starchy veggies like kale and also low-sugar fruits like lemon to manage your calorie intake.

‘Healthy’ Sugar

With many people reducing white sugar from their diet regimen, alternative sweeteners marketed as “healthy” have become progressively popular.

Agave, coconut sugar, as well as date sugar, are merely some of the many sweeteners available.

Although these products are usually considered healthy and balanced, overdoing with any sugar– also natural ones that aren’t as processed as white sugar– can add to weight gain.

Agave, as an example, is higher in calories than table sugar and also very high in fructose, a type of sugar that can contribute to insulin resistance and even fat accumulation (6 ).

Since any sugar can create weight gain, it’s important to limit your full usage of sugar– consisting of alternative sweeteners.

Low-Calorie Grain

When trying to drop weight, you might grab low-calorie cereals to start your day.

While these breakfast foods might be reduced in calories, they are frequently packed with sugar coated.

Plus, many low-calorie grains lack the protein and healthy fats that assist you in feeling delighted.

A study in 30 males demonstrated that a breakfast of eggs as well as salute offered better fullness as well as caused substantially fewer calories consumed throughout the day than did morning meal grain (7 ).

Dried Fruit

Dried out fruit is packed with fiber, vitamins, and minerals.

Nevertheless, since dried fruit is smaller sized and sweeter than fresh fruit, it can be quickly overeaten.

And also, a serving of dried fruit holds much more sugar and calories than an equal amount of fresh fruit.

Adhering to a 1/4-cup (50-gram) part when snacking on dried out fruit is an outstanding way to stay clear of consuming too much.

Although dried fruit is practical, fresh fruit is a much healthier alternative.

Packaged Foods

From diet regimen cookies to fat-free chips, supermarket racks are teeming with packaged diet regimen foods.

While these products may be tempting, most of them are unhealthy.

Many diet foods contain preservatives, unwanted fats as well as artificial sweeteners that might damage your body.

It’s best to replace these packaged, excessively refined foods with nutrient-dense, filling choices.