Find in this article some tips to use your student credit card wisely and build a good credit record and also learn about Cvv Shop Online by clicking here as credit cards and Cvv shops are closely related to each other. Use your student credit card regularly, every week at least, to make some inexpensive planned purchases. After that, what is most important for students, pay off the entire balance monthly. Read more… Forms of Currency for Traveling
Traveling overseas can be fun, exciting, and expensive. But if you choose the right form of currency to take with you, you can receive the best bang for your travel budget.
There are three kinds of currency most travelers carry abroad: traveler’s checks, credit cards, and ATM cards. Ideally, the option you choose should allow you to get the best exchange rates, save the most money, and offer as much convenience and safety as possible. However, each payment method offers a number of advantages and disadvantages you should carefully weigh before making your decision.
Avoid the Campus Credit Card Trap
If you are thinking about filling an application for one of the `easy` credit cards found at a campus? Read this article before doing it. A free Frisbee, T-shirt, or a bottle of soda isn`t worth years of bad credit, is it? Read more… Traveler’s Checks
Traveler’s checks are among the most popular and safest payments options for individuals traveling outside the country. Most U.S. banks sell traveler’s checks for a commission of 2 to 5 percent. If you purchase them where you have a bank account, the fee is generally waived.
Stick to purchasing well-known brands like American Express travelers’ checks. They’re recognized worldwide and have a counter-counterfeit feature the vendors like. It’s best to purchase checks in denominations of $20 or $50, so you can exchange smaller amounts of money.
Traveler’s checks offer much of the same portability, ease, and convenience as cash. But if your checks are lost or stolen, they can quickly be replaced. You should keep your traveler’s check receipts separate from the actual checks, and keep up with which ones you’ve used by logging it in your check register. This will provide the information you need to get your checks replaced usually within 24 hours.
Traveler’s checks also have a number of disadvantages. Traveler’s checks in U.S. dollars can be converted to local cash at banks and most train stations, but they may not be accepted in small towns and rural areas. And even if they are issued in the local currency, many small hotels, shops, and restaurants will not accept them, so you may have to cash them at a bank. Also, when you use traveler’s checks, you may get lower exchange rates than if you use a credit or ATM card.
Credit Bureau – Credit Report
Firs of the most important steps to good credit history is ordering your credit report once a year and knowing your credit reporting rights. The federal FCRA (Fair Credit Reporting Act), as well as state laws, restrict access to your credit records. Read more… Credit/Charge Cards
Credit or charge cards are becoming a favorite alternative to traveler’s checks. In fact, their worldwide acceptance of credit cards and the popularity of ATMs make it possible to take an overseas trip without buying traveler’s checks or foreign currency before leaving home.
One of the biggest benefits of using credit cards is that they are multifunctional and they give you the best exchange rate at the bank. You can use them for purchases, as well as for getting quick cash. Traveling with credit cards is extremely easy, convenient, and safe. If your credit cards are lost or stolen and used by a thief, you generally can’t be held responsible for more than $50 in fraudulent charges. And some credit card companies will replace your card sometimes overnight at no charge if they’re lost or stolen while you’re traveling abroad.
Also, with credit cards, you have a complete list of your purchases for your records. This makes it easy to keep track of transactions so you can maintain a budget. On the other hand, credit cards also give you the ability to pay for impulse purchases without having to worry if you have enough cash on hand.
Pre-paid credit cards from companies like Visa, MasterCard, and American Express are another credit card option available to overseas travelers. These cards are pre-loaded with cash and can be used everywhere Visa or MasterCard is accepted. Because they’re pre-paid cards, spending limits are set by the amount of money you load onto the card. Credit Card Disadvantages
An obvious disadvantage to using credit cards is that they’re not accepted everywhere. That means you can’t stay at many of the cheaper lodgings that only takes cash (unless you already got cash with your credit card at the bank).
And although the foreign bank will give you the best exchange rate with a credit card, your bank will charge you an extra high handling fee on overseas transactions. According to Bankrate.com, these fees range from 1 percent for Visa and MasterCard to 2 percent for CitiBank, Chase Manhattan, Bank One, Bank of America, Providian, and Wells Fargo. Capital One, SunTrust, and First Union/Wachovia are among the few banks that don’t tack on extra fees for overseas transactions.
Another downside to using credit cards is the potential to overspend. Historically, people who travel with a credit card as their primary source of payment tend to spend more and toss their budget to the wind. Then when they return home from their trip, they have a huge surprise waiting for them an overblown credit card bill.