Updated: March 29, Reader-Approved References.
You may be paying off your credit card debt wrong—here’s the best way
Getting your first credit card is a major financial step. Used properly, credit cards offer a flexible way to cover unexpected expenses and build up a good financial reputation. However, used irresponsibly, credit cards can potentially lead to long-term debt and difficult financial situations, so it's important to understand but how to use a credit card and how not to use one. Luckily, most of this boils down to ordinary common sense! To use a credit card, start by making small purchases and paying them back quickly, as this will help build your credit history.
You should aim to keep your balance low to boost your credit score quickly, and spend no more than 70 percent of your available credit. Additionally, consider setting up automatic deductions for regular payments like bills or student loan payments so you always make them on time. Once you've had your card for several months, ask for your credit limit to be increased if you're in good standing. For tips on how to apply for a credit card and how to sign up for extra benefits, keep reading!
Most local financial institutions will be willing to offer credit to responsible, qualified customers. If, for instance, you're a young adult who's only had a savings account for a few months, you may not meet your bank's standards for a credit card. In this case, you may need to maintain your savings account for some time or settle for a special type of credit card called a secured credit card see below.
Get a credit card from a credit card company. A bank isn't the only place you can get a credit card — many credit cards are offered by companies that operate just like any other business. You are probably already familiar with some of these companies, like Mastercard, Discovery, etc. These sorts of companies offer a wide array of credit cards to many different kinds of customers, though, like banks, they will only issue them to customers that they believe are financially responsible enough to pay for them.
If you're in the market for one of these sorts of credit cards, consider consulting a Consumer Reports-style resource for more information — there is lots of reputable information online about which cards are good deals and which are not. Some sites, like, for instance, Nerdwallet. Get a credit card from a local business. Businesses in a wide variety of industries including retail, travel, gasoline, and more issue their own credit cards. Often, they will offer the chance to sign up for these credit cards when you make a purchase.
Note, however, that store credit cards can often have high interest rates the amount of money you need to pay back over time and low credit limits the total amount of money you are allowed to spend at once compared to other types of credit cards.
For example, it's common for credit cards issued by airlines to accumulate "miles" with use. Be able to prove your financial responsibility. When you apply for a credit card, the bank or business issuing you the card wants to know that you'll be able to pay back any money you spend.
To do this, they will check your credit history, which is made available to them by credit report agencies. This means that your financial history usually determines whether or not you'll be able to get a credit card. Some aspects of your financial history that may be analyzed include: Loans including mortgages — have you paid these off on time, or have you been late or defaulted?
Rent — Have you been consistent about paying your rent on time? Note that only some landlords send your history to credit report companies.It has been a while since the last article on CCs and I wanted to add some little information that might be interesting to the readers of my articles. First some things you ought to be:. Neither I nor thehiddenwiki. Having gotten that out of the way, I only wand to give you a little list of search terms that you can use to quickly find some decent tutorials on the matter.
Good tutorials can be bought online, though they can be pretty pricey. Combining keyword 1 and 5 should probably be fit to start you off. Learn the terminology, study the culture, dive into how these people think!
If you have the right mindset you will be able to learn pretty quickly. In my last article I named 3 options of using credit cards. Combinable with 1 buying physical goods is the plastic method which I wnat to describe to you now.
Why plastic? A usual credit card consists of 3 different sets of data:. The plastic method is about this third set. The strip on the back is a magnetic stip that contains data. This data is easily readable with a special device. The regular name is just magnetic stip reader. Pull the card through the device, bingo: you just scored the data! At a bar, in a restaurant, whenever your card is out of sight, someone might be skimming your CC data.
Besides reading devices there are also writing devices surprise! Of course there are also those that can do both.Being the most popular methods of purchase due to speed of transactions, credit cards are definitely a way to go when trading bitcoins.
In this step-by-step guide you will learn how to quickly buy bitcoins at Coinmama, ATM machine Depending on how you appreciate your privacy there is a way of buying that doesn't involve checking Created in by an anonymous group, bitcoin rose to become one of the hottest online assets and the first one at that in the financial markets. Due to its highly fluctuating value, the digital currency became quite popular and has since built large infrastructure.
With the growing number of traders, exchanges have also opened various methods of purchase for investors to choose from. With different payment and deposit methods, the traders began expanding their crypto businesses and are seeking the most private way to purchase bitcoins. Due to the growing market value, it has become increasingly difficult to keep the privacy while purchasing bitcoins.
The reason for such development lies in the fact that more and more countries are looking to actively regulate the digital markets and would thus require personal information of all involved. How to get bitcoins without ID verification? This guide will provide you a list of exchanges and methods that you can use to purchase bitcoins instantly and without ID verification.
Many exchanges view privacy as a luxury and would price their services accordingly. As regulative bodies push the exchanges to keep transparency in the business operations, brokers are forced to either impose verification on users or ask for very high fees in return for privacy. Still, there are several BTC providers that you can use to purchase bitcoins fast and anonymously. We would even recommend you to use several of them to combine their purchase limits and get quantities you need on daily basis.
There are several options that you can use when purchasing BTC privately and they range from credit card to cash payments. These options would allow you to buy cryptocurrency very fast and thus respond to hourly fluctuations of the bitcoin value. The top 7 providers would grant you access to bitcoins without a need to provide identity proof from your side.How To Travel The World For Free: Credit Cards 101
These providers are:. LocalBitcoins is a peer-to-peer P2P bitcoin marketplace where traders buy and sell bitcoins between each other. The main feature of the exchange is that traders themselves can choose whether they wish to cooperate with unverified account or not.
All you have to do is to find a partner that would not mind you stay anonymous while purchasing bitcoins from them. The accepted payment methods are numerous cash, bank transfers, PayPal, etc.
Do make sure to trade with people that have a good transaction history and reviews, as numerous scams have been reported in the past.In today's post, I'm going to show you exactly how to buy bitcoins with no ID or verification using a number of payment methods.
Buying bitcoin with no ID usually has very high fees. For lower fees, try one of the exchanges below and deposit using bank transfer or credit card :. We do research on every exchange we list and are very careful not to include scam exchanges on our site. LocalBitcoins is a peer-to-peer market place, similar to eBay. Buyers and sellers create offers and must agree on a price and terms of a trade before a transaction can be made.
It's possible to buy bitcoins with no ID on LocalBitcoins either by buying bitcoins with cash deposit or meeting in person and trading cash. BitQuick facilitates the buying of bitcoin via cash deposit at thousands of banks across the US. Users agree on a trade price, and the seller hands over bitcoins to BitQuick that then acts as escrow.
The buyer of bitcoin deposits cash into the bitcoin seller's bank account. Once the seller confirms payment, BitQuick releases the bitcoins to the buyer.
You can also check out our BitQuick review. Your first 25 euros worth can be purchased without ID verification although you will need to fill in personal details like your full name, birthday date, country, city, address, phone number.
Read our Bitit review. There are different types of Bitcoin ATMs made by a variety of companies. Most, however, require no verification whatsoever. Bitcoin ATMs are private, but there are some downsides. At BitFinex you can start trading without verification if you only deposit cryptocurrency. Using ShapeShift you can buy bitcoins with no ID, but that is because you need to buy altcoins or another digital token before buying. If you already have a token like Litecoin or Ethereum then you can buy bitcoins in seconds with no verification.
No account required. You can read through our Bitcoin wallet guide to find a wallet. That means there are Bitcoin ATMs in your area.
Click on one of the map markers for more details about a specific ATM. We like ShapeShift because it never holds your coins and only makes a "swap". So there is no need to create an account or give ShapeShift any personal information. To use it, go to Shapeshift. You should then see a box on the right side where you can choose the coins for your trade:. In this case ShapeShift auto-set the trade to be Bitcoin for Ether.
But who's buying Ether?Ecommerce merchants can minimize credit card fraud by following a few basic safeguards. Ecommerce merchants continue to rely on credit card payments for orders. Credit cards are convenient and fast, but they also come with risk.
In this post, I will explain how to minimize credit card fraud. The best approach is to identify a fraudulent transaction before the order is consummated. Credit card companies provide their own rules and checklists. And there are many third-party fraud-prevention services — see our Vendor Directory for providers. First, determine if a stolen card is being used for the transaction. Check address. Address Verification Service confirms the billing address provided by the shopper.
Check card code. The shopper must enter the correct code before completing the order. Validate password. Some fraud prevention systems, such as Verified by Visa, require a password before a transaction is approved, to protect shoppers. Shoppers using such as service can validate passwords in real time. Check credit cards on multiple accounts. Accounts that have existed for a while and use the same shipping address are typically not a problem But be cautious of newly created accounts that use the same card number and each ship to a different address.
Review shopping behavior. Did the shopper search for unrelated products before adding items to the cart? Both could indicate credit card fraud. Checking contact information. When shoppers update their email address or phone number just before entering the orderthe odds of fraud increase. Checking the addresses. Also, if the shipping address is new, the likelihood of fraud increases.
In those instances, call the shopper to verify the order before finalizing. Verifying the IP address. Every computer worldwide has an IP address. These addresses can change but it usually follows a pattern. Check the shipping method. Take notice if a shopper requests fast shipping when the cost of shipping is high compared to the cost of the products in the order. If any of these requests occur, repeat the above checks. Merchants with in-store pick-up might ask the customer to make the payment in the store using a physical card reader.
While this shifts the liability away from the merchant, legitimate customers could be put off by the inconvenience. The All-in-one Marketing Platform Mailchimp. We are not affiliated with any e-commerce service, platform, or provider. Our mission is to publish authoritative articles, commentary, webinars, and podcasts to help online merchants.When looking at their credit card bills, most people only pay attention to one number: the total amount they owe.
But if that's your priority, you're probably not getting far in eliminating your debt. After analyzing data from 1. Mathematically, the most effective way to eliminate debt is to follow the avalanche methodin which you list your debts from highest to lowest by interest rate. Pay the minimum balance on each, then dedicate as much extra as you can each month to the one with the highest interest rate. However, in the study, researchers realized people are doing what's known as "balance-matching," in which the amount they pay per card per month is proportional to the total amount owed on that card.
While this system is better than only making the minimum payment, it still caused debtors to rack up a substantial amount of interest. However, while switching to the avalanche method would make sense from a numbers perspective, it's not always the best choice. Inresearchers for the Harvard Business Review found that the snowball method actually proved to be the most effective strategy. The snowball methodwhich has been popularized by " The Total Money Makeover " author Dave Ramsey, prioritizes your smallest debts first, regardless of interest rate.
To try it, start by listing out all of your debts, smallest to largest. Pay the minimum balance on each one, except the smallest. For that one, dedicate as much cash as possible each month until it is repaid. Then move on to the second-smallest debt. The idea is that you'll gain momentum by watching debts disappear — as you would watching a snowball grow bigger and bigger — and that will motivate you to continue. At the end of the day, the best strategy for paying off debt comes down to which of these two options works best for you.
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4 Safeguards to Prevent Credit Card Fraud
All Rights Reserved. Skip Navigation. Life I told my landlord I couldn't pay April rent. This is his incredibly emotional Mark Henick, Contributor. VIDEO Make It. This couple paid off their student loans in 54 days.
How to Buy Bitcoins with Credit Card No Verification
Your Money's Worth. Focusing on paying down the account with the smallest balance tends to have the most powerful effect on people's sense of progress. How this year-old became debt-free in seven years. Incredible Feats. A good credit score is key to your financial future — here's how to boost it. Related Video. Follow Us. Terms of Service Contact.Discover the best credit cards in every category as of April Get started!
Check out our shortlist of the best online savings accounts for April Get Started! Check out our best brokerage accounts for beginners Get Started! Before you apply for a loan, here's what you need to know. Published in: Credit Cards Nov. Offers on The Ascent may be from our partners - it's how we make money - and we have not reviewed all available products and offers. Credit cards may not be a perfect fit for every purchase, but there are some times that using a credit card makes a lot of sense, protecting you against fraud and bad business practices, while allowing you to collect rewards on every swipe.
If it's expensive, it should probably go on a credit card. Credit cards offer one big advantage over cash payments and debit cards: When you put a purchase on a credit card, you're often protected against damage, theft, or loss of the item for as long as 90 to days after the purchase. This card benefit, known as purchase protection, acts as a short-term form of insurance for products you buy with your card. If you buy a new tablet computer only to break it a few weeks later, a credit card with purchase protection will pick up the tab to fix the damage.
Most credit cards have this feature, but Chase has one of the best purchase protection policies, offering up to days of purchase protection when you use your card to make a purchase. It's a card benefit that few people know about that can save you hundreds of dollars when you really need it. Making purchases online often means dealing with sellers and merchants we don't know as well as the neighborhood mom-and-pop shop.
Making online purchases with a credit card gives you better protection against merchants who fail to deliver on their promises, since they offer better chargeback protection.
But that's not all. Many credit cards also offer "return protection," a benefit that allows you to make a claim if a merchant won't allow you to return your purchase for a refund of the purchase price. Return protection effectively extends the amount of time you have to return an item you purchase.
See your benefits guide for your credit card, as this is a common feature on many credit cards on the market today. Many cards offer high rewards when you use your card to make a purchase at gas stationsbut there is another reason to use credit cards to pay for gas: Gas stations are one of the places where card numbers are most frequently stolen. Gas stations have become a hotbed for card theft because they were allowed a three-year extension to install chip readers on pumps, making them one of the last remaining places for sophisticated thieves to collect card numbers and empty the accounts of unsuspecting customers.
Going out to eat? And while I don't want to become a broken record for fraud risk, note that restaurants are one of the few places where your card leaves your line of sight when you pay.
Every time you buy a meal at a sit-down restaurant with a card, you allow someone you don't know to leave the room with your credit or debit card. It's something few people think about, but like gas stations, restaurants are one of the places where card numbers are most frequently stolen.
When it comes to travel purchases, credit cards are a no-brainer payment method for a number of reasons. First, most hotel chains and rental-car companies prefer payment by credit card, with some companies outright denying the ability, or making it more difficult, to pay by cash or debit. And when it comes to rental cars, you should be eager to pay by credit card, since most cards have some form of free insurance against damage to the vehicle.
Second, the rewards you can earn on travel purchases are generally higher than any other spending category. The best travel cards offer bonus points on all travel spending, which can act as an effective rebate on each purchase you make. Finally, credit cards offer protection if your trip is canceled or delayed, or your baggage doesn't make it to your destination in a reasonable amount of time.
Free trip protection and baggage delay insurance is a common perk on travel-focused credit cards, which can make life much easier if your trip is canceled or delayed, or if your baggage is lost along the way. The Ascent just released a free credit card guide that could help you pay off credit card debt once and for all. Best yet, you can get started in just three minutes!
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