Real Estate Business and Investing

HSBC (The Hongkong and Shanghai Banking Corporation) is a public limited company and tend to be the market leader for finance and economical business in the world. I can say that because The HSBC Company is established since a long time ago and until now it has expanded to many nation with good performance and reputation in this business. They have many products actually, but right now I’m going to talk about one (the most popular and well-known) product which is: HSBC Credit Card.

The advantage of the HSBC Credit card among all others is that the HSBC credit card tend to focusing on the security and the satisfaction to it’s customers. It is well known by most of all merchants in the world, it is because of the card and the company itself has a strong international business framework, it means that you can use HSBC Credit card all over the world. HSBC Credit Cards are backed by the features and support that can make you feel secure and accommodated every time you use your card. The credit feature is standard though, with 14.99 % rate and no balance transfer rate. Quiete interesting? Well it’s time for you to take it for your satisfaction.

I have told you about a little secret (not really secret at all exactly!) about how to use the advantages of the balance transfer credit cards to help you stay out from debt situation. Yes it is right and many people still use that until now. But there also a contradiction since it seems like you (credit card customers) are playing fool with the creditor (credit card companies). In customer’s point of view it is absolutely right because they’re still have to pay for another credit card that was used to filled up the balance on a bad credit card account (as I illustrated on the image below)

A simple explanation (case study) is that every $1,000 in credit card debt transferred from a credit card with an 18% interest rate can save the consumer close to $200 a year. Imagine how much you can save with that?

At the another side; (credit card companies which are publishing the 0% apr balance transfer credit cards) they’re starting to feel uncomfortable with this situation. That’s why now it’s difficult to get a 0% cards because credit card companies have slowly cut off these offers due to new government regulation. Read about the credit card transfers rules and file a credit card complaint here. As you can see, there are still contradictions, but as a customer, we deserve the best we can have right?

On the previous post we have discussed about the benefit and comparing about the APR (Annual Percentage Rate) from the credit card flyer products. The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary among credit cards, so it is always in your best interest to compare and shop around. The lower APR rate you get, the better off you’ll be. When you make that final decision and choose your credit card, you should always make sure that you know exactly what you are getting.

Credit cards are great to have, although they can lead to your own downfall if you don’t choose and use them carefully. If you put some time and research into choosing your credit card, you’ll find the best one for you. As long as you take care of your credit card and pay the bill on time, you’ll help raise your credit score and eventually be able to purchase even bigger things – such as a car or even a house, and sometimes the credit card company gives you a reward or appreciation with the ‘promotional’ feature of credit cards for excellent credit.

And how do you get a good credit score then? Here is alittle clue on how your credit score is examined:
- Repayment History
The more on time, of repayment of your credit will increase the score for this side, so you should always pay the bill on time, never go too late more than a week.

- Amount of Credit
Is how much your spending on the credit account, I think it’s a variable and doesn’t mean that higher value will result higher credit score, back to point one, it’s about the payment. No matter how much you spend, as long as you have consequent to pay the bill, it’s okay.

- Your Income vs. Credit
Your personal records of your income, comparable with your credit

- Your Address History
Do you often move or settle in one place? this will affect the scoring as well.

Other scoring point is also taken from How Long You Have Had Specific Types Of Credit (the longer the better), Judgments, and Bankruptcy records. Hope you can fill up those aspects with good value so you will get the benefit of excellent credit.

You must be already know that there are many credit cards out there. If you are looking for the best possible deal and the best company for your credit card, you will need to look around at what you have to choose from and what works best for you. You also should consider to choose credit cards for people with bad credit if you previously have some credit cards for bad credit problems. It might be difficult to find somewhere else since credit card companies will review your credit history to decide wether they will approve your application or not.

The bad credit credit cards from creditcardflyers also gives you some choice. If I can mention some of them they are Total Visa Card, Secured Gold MasterCard®, Access Visa Card, UltraVX Visa®Card, Secured Platinum Mastercard®, and much more. Every option have their advantages, you should see it and carefully compare one by one to see which one is the best deal for you. Just see the detailed page on the link I’ve provided above. Don’t worry about how fast is their approval system. As soon as you fill up the online form, and their customer representative receive your submission, all you have to do is wait for 1-3 working day to get news about your application submission.