A bank term deposit refers to the depositing of a certain sum of money at a bank where the depositor is able to earn an interest on a monthly basis or whenever the term matures. The term is fixed as well as the rate of interest that is paid unless the investor negotiates with the bank for getting the interest on a monthly basis.
This is one way that many people are able to earn an income for themselves by investing their money. When money is deposited for a period of time it can only be withdrawn at the end of the term agreed upon by the bank and the depositor. The guaranteed return at a fairly high interest rate is the attraction here. This is an effective way of locking away savings so that it will not be spent unnecessarily.
Another advantage apart from earning an interest on the term deposit is the ability of the depositor to secure a loan against the fixed deposit. This way the depositor can even finance a small business as the interest rate that is charged for such a loam is only slightly higher than what the depositor would be earning from the
Most credit cards would make it a prerequisite for applicants to have a credit history before their application can be approved. With this, students may find their choices of credit cards rather limited. However, the Citi Platinum Select Card for College Students is designed specially to meet the needs of students.
There are no annual fees incurred for this card, although the APR is higher than most other credit cards. Furthermore, the APR is based on a variable rate with the figure tied to the Prime Rate. Nonetheless, there is always the 6-months 0% APR (for balance transfers, cash advances and purchases) and a cashback reward program to fall back on.
Apart from that, the cash rebate program rewards students with up to 5% of the amount spent on purchases charged to the card. Purchases made with the Citi Student credit card at supermarkets, drugstores and participating merchant partners are eligible for a 5% cash return. Nevertheless, lower cash rebates of 1% are applicable for cash advances and check transactions.
The downside to this is that cash rebates will be issued through $50 checks with rebates for general purchases limited to $300 a year. Other attributes of
Reduce Credit Card Debt
How to reduce credit card debt is a question that is asked more nowadays than at any other time in history. Millions of people are currently dealing with thousands of dollars worth of personal credit card debt and knowing exactly how to deal with this problem is something many need help with.
These SEVEN simple steps will eventually eliminate your debt completely.
Account for spending
Reduce unnecessary spending
Write down each Credit card level and APR.
Spend less on necessities
0% APR balance transfers
Credit Card Consolidation Loans
Cut up your cards
Analyze your credit card statements and identify those little indulgences and needless impulse buys that have, at the end of the day, got you in this mess.
Once you have identified what you have been wasting your cash on, you need to eliminate them from your spending. You will never reduce your debt if you do not eliminate unnecessary spending.
OK, so you SHOULD now have stopped spending money on those unnecessary items; what you now need to do is list every credit card balance in order of size
This will be a question for many people who are running an online business; this is actually something that will make your life safer and easier in the future. A bin number stands for Bank Identification Number; don’t let the name fool you into thinking that only banks can use them. In fact, everyone should be using them to make online transactions safer. The credit card bin number can be found, on the front of the credit card and it is the first six digits of numbers. Using the six numbers to run an online search, for more information on the card in question will provide you with more details to use.
Information like what country the card was issued in might seem useless at first, but when you think about it a little deeper; it might become information that saves you from being scammed. If you had a buyer who is currently in France, but his credit card shows that it was issued in Canada. Those little differences might raise the level of concern you have with the transaction, at the same time you can increase the amount of checks to do on this transaction as well.
Being good with numbers is a skill that can come in useful and be an advantage in most jobs. If numbers are a particular strength of yours then a career in the finance sector or accounting could be the one for you. Accounting degrees are obviously a great route into the profession, many offering work placements so it can be possible to gain some vital experience as you learn. With the current economic climate being so volatile, many businesses are now relying on their accountants more and more.
Efficient businesses will keep their public records accurate and current. These records are often administered by an accountant along with other services, it can often depend on the branch of accounting entered into as there are different conventions between public sector accounting and business accounting for example.
For any would-be accountants there are a variety of positions available in different sectors. Governments, charities and corporations fall under the umbrella of public accounting and typical tasks for an accountant in these sectors can include dealing with a fair amount of tax related matters, consulting and monitoring financial transactions. There can also be a degree of auditing involved, so this is a good area to aim
Growing credit card fraud is a personal as well as financial concern for most credit card holders these days. Learning about 4 best ways to stop credit card fraud can help.
As a credit card holder you main concern would be to stop credit card fraud that have become almost a practice rather than exception in the market. The following 4 steps can help you in preventing credit card fraud.
1.Do Not Provide Your Personal Information to Anyone
You should not provide your personal, especially financial information like account number, password, or your credit card PIN to anyone, especially unknown people. You should know how to prevent credit card fraud online.
A number of great looking offers will come your way asking to just give your personal information and enjoy;
These are the most potent cases of online fraud which should be avoided; and
Offline too; no one should be allowed to learn about such personal information.
Keeping secrecy of your personal information is one of the best ways to prevent credit card fraud.
2.To Detect Fraud Check Your Credit Report Periodically
It would be good if you check your credit report
Lets face it we have all been in a position where we have needed a little hard cash depending on if it is at the end of the month or a unforeseen bill that needs paying straight away. However before you go off down to the ATM and take that cash out on your credit card, lets just take a look at the reasons why you should be careful before borrowing from the credit card company.
Firstly every time you take money out of the ATM the fee for that money comes into play immediately. The cash advance that you are thinking about can have between 2 and 4 percent Higher interest rate than your regular credit card rates.
Not only will you be charged by the credit card company for borrowing the cash you will also find that you are charged a percentage by the ATM vendor. Those handy little ATM’s in the gas station can charge up to 1% to give you the cash! That is an extra 1% you have to pay to get that money.
Confused? Ok let us take a quick look at how this all works:
You see on a market stall a fantastic stereo that you have
There are literally millions of credit cards in the world today and even with the current credit crunch, the numbers of cards being issued is still on the increase, so the ramifications for the credit card industry are immense and for them at least, difficult to comprehend.
During the good times, credit card companies issued cards under the guidelines of the Consumer Credit Act 1974. However, in their greed to attract even greater numbers of customers each month, they forgot to ensure that their consumer credit agreements they issued to customers were legal and above reproach. This situation changed in April 2008 with the creation of new rules and regulations that fully covered every lending institution that issued a consumer credit agreement.
However (and this is the good part), there are literally millions of potentially flawed agreements in existence that mean you, the consumer, can wipe out your total credit card debt in an instant, legally and ethically/
The other thing to consider is that legal loophole applies to all unsecured debt such as personal loans, car finance, mortgages and PPI. They all have to abide by the Consumer Credit Act (CCA) 1974 and if they do not, then they
In the post industrial world, it is very difficult to get by without a credit card. Even if you have cash on hand, you often cannot check into a hotel or rent a car without providing a credit card. However, all credit cards are not created equal. It is wise to compare credit cards to attempt to obtain the best possible rates as well as perks that are relevant to you. Nonetheless, the options for credit cards that are actually available to you may vary widely according to whether you have excellent, good, fair or poor credit scores.
Major Credit Score Levels
The most commonly used credit scores are those generated by Fair Isaac Corporation, and which are called FICO scores. FICO scores range from 350 to 850, with higher scores corresponding to better credit levels. Exact categories vary by creditor, but in general, FICO scores fall into four ranges: Excellent, Good, Fair and Poor. Excellent scores are generally 750 and above. Good scores range from 660 to 749. Fair scores range from 620 to 659. Scores below 620 are generally considered to be Poor.
Your credit rating and your FICO scores have a major influence on whether you are
Pre-paid credit cards are available from most banks and other financial institutions that offer standard credit cards to consumers. You can also purchase pre-paid cards at some large retailers. Although most consumers prefer to carry standard cards, a pre-paid card might be a valuable addition to your financial portfolio. Like other types of cards, these cards have both advantages and disadvantages.
Advantages of Pre-Paid Cards
This type of card is available to anyone regardless of credit history. This is because instead of the issuer extending credit to you, your purchase amounts are deducted from funds you load onto the card. If you do not have sufficient funds in your card account, the issuer will simply decline the charge request. Because you do not need a good credit score to qualify for a pre-paid card, this can provide you with credit card access even if you have made late payments or other credit mistakes on other accounts in the past.
It prevents you from accumulating debt that you cannot repay. Because you are limited to the amount you have loaded onto the card, you can ensure that your purchases will not put you in jeopardy of default. This can be a