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Home > > Bank of america platinum visa rental car insurance

Bank of america platinum visa rental car insurance

Your personal credit report score largely determines bank of america platinum visa rental car insurance the rates you can qualify for with most types of credit.

The higher your score, the better rates you can get. To find your score, you can request it from a credit monitoring service or credit reporting agency. Most credit monitoring companies will provide it free with an introductory offer, but you will have to pay for it from a reporting agency.With hundreds of factors determining your credit score, there are many ways to improve it. The follow three are the quickest ways to boost your numbers.1. Pay Off Short Term DebtThe less debt you have, the better your score. Actually, creditors look at your bank car of platinum rental visa america insurance debt to income ratio. They also rate debt differently. So credit cards are seen as more negative that college loans or a mortgagebank of america platinum visa rental car insurance .Focus on paying off short term debt first, like credit cards. Paying off the other debt can come later. However, having credit cards and making regular payments is better than having no credit.2. Spread Debt AroundNot only do lenders look at your general debt load, they also consider specific accounts. Maxing out any account is seen negatively. It is better to spread that debt around to multiple accounts. Most advisors suggest having no more than 30% to 50% of a line of credit in use.Be hesitant to open a new credit card account though if you are planning to apply for a mortgage or car loan. Opening new accounts can also temporarily hurt your score.3. Close Newer AccountsWhile you are looking at your credit report, consider closing some of your unused, newer accounts. The more credit you have available, the less new credit you can get - even if you aren't using it. However, the longer you have an account, the better your credit score.One way to get around this is to close accounts, then wait a couple of months to apply for a loan. This will give time for your credit score to jump back.There are no quick fixes to credit scores. Time and good credit habits are the surest ways of getting to good credit standing and low rates.2

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DID YOU KNOW?

It's a sad fact that most of us don't have as much money as we'd like to spend on things we really want. However, spending your hard earned cash on credit card charges and bank overdraft fees is just plain madness so some caution is needed and, more to the point, some planning.

When I was barely earning enough to cover my living expenses, I used to watch my bank balance like a hawk and I used an Excel spreadsheet to calculate my spending for each month.

This is how it looked:

Column A was a list of all my outgoings. I started with the ones which were fixed (if only until the next price rise) e.g. the mortgage, insurances, pension contributions, etc. Then I estimated the non-fixed expenses such as utility bills, petrol and groceries and listed those. Lastly, I wrote down the less essential stuff such as entertainment, birthday presents and new clothes.

Across the top of my spreadsheet was each month of the year so under each month, I filled in what outgoing was due. For example, the mortgage had to be paid every month but the electricity bill only came every three months and the road tax and insurance for my car were due only once a year but both at the same time.

All this left me with a lot of peaks and troughs - plenty of money left at the end of one month but, oh dear, two months later, a huge deficit. When I had a surplus, it was hard to put it aside for the lean months so I decided the expenditure needed smoothing out. The way to do that was to see how many of the outgoings I could pay monthly to even it all out and the answer was - nearly everything.

I discovered that I could sign up for budget plans for gas and electricity whereby the providing company looked at past usage, added the four quarters of the year together, divided by twelve and came up with a monthly amount. Both my household and vehicle insurance companies would accept monthly payments. I could buy stamps from the post office for telephone, road tax and TV licence. Ultimately, I could pay for all the essentials each month, so with the peaks and troughs ironed out, I had the same income each month, the same amount going out and thus, the same balance.

I allocated a fixed amount of the balance towards petrol and groceries and this left the amount I was allowed for my personal expenditure. It wasn’t a fortune but at least I wasn't lining the bank's pockets by being overdrawn half the time.

A little thought and planning can make all the difference to whether you have too much month left at the end of your money or a little money left at the end of the month.

There are many different types of credit cards. In this competitive area, many companies are now offering special rewards credit cards to bribe you to use their cards. There are numerous types of rewards credit cards to choose from. It is likely that no matter what your interests are, there is likely a rewards credit card just for you.

One of the most common types of rewards credit cards are the travel rewards cards. Travel rewards credit cards earn points that can be redeemed toward savings on flights, hotels, car rental and sometimes even cruise travel. If you travel allot and use a credit card, perhaps you may want to opt for a credit card that will save you money on travel, and may even earn you some freebies.

Another common type of rewards credit card is the cash back rewards credit cards. These cards offer you cash rewards on a percentage of your total purchases. These cards are also known as cash rebate credit cards. If you are looking to apply for a cash rewards credit card, you will want to pay particular attention to your interest rates. If you commonly have a balance outstanding on your credit card, you will want to make sure that you don't negate the benefit of a cash back rewards card by paying high interest rates and penalties.

Toady's world and its soaring gas prices have paved the way for a new type of rewards credit card to gain in popularity. The gas station rewards credit cards came about as a way to encourage customer loyalty and save money on gas at the same time. Often issued in partnership with gas companies, gas rewards credit cards offer you the chance to earn free gas or get discounts on gas. Sometimes, gas rewards also come in the form of a rebate, much like the cash back rewards cards discussed earlier.

Another unique type of rewards card that has come about lately will help parents with college expenses. The Citi® Upromise® Card by Citibank offers 1% in college savings everywhere you shop. What this means is that 1% of your purchases goes towards saving for your children's education. So, if you have kids that will need to go off to college someday, buying their diapers with this card will actually help put them through school. Its an interesting and very useful way to make your credit card do more for you.

In conclusion, that's what rewards credit cards are all about, making your credit card work for you. As usual, you need to pay attention to your APR and fees to make sure that you are indeed getting a deal on a rewards credit card. Also note that some types of rewards cards are only for those with good credit. If you keep these simple things in mind, you may just find yourself saving money with your credit card or at least get some nifty goodies out of it.










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