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Avoid late fees

If you don’t pay your rent on time, the landlord may charge you a late fee – which can be assessed at 5% of your rent payment or more.

“It’s nice to have the flexibility to charge your rent as an option if you hit a particularly tough month,” says Davis. “If tenants find themselves stretched too thin financially one month, it’s cheaper to charge their rent than let it go late – and it keeps them from falling behind and souring their relationship with their landlord.”

Cons of paying rent with a credit card

While paying with a credit card has its advantages, there are a few drawbacks to consider as well:

Fees

In the event you are responsible for the credit card processing fee, you’re looking at an increase in your monthly obligation. If the value of your credit card rewards doesn’t surpass the fees, you will lose – not gain – money.

To know if it makes financial sense, look at your card’s rewards program and compare its earnings rates to the transaction fees you’ll be charged. If the fee is 2.5% of the transaction, and you’re earning 1.5% in cash back, you’re losing 1% every month. So, for example, you’ll be out $15 for a $1,500 rent payment.

“It may not sound like much, but over time, it adds up,” says Ande Frazier, former editor-in-chief of MyWorth, a financial education media company. “And if money is tight, [it will impact] what you should be spending on, [like] something essential.”

Credit card debt

As convenient as it is to rely on a substantial credit line when you need it, it’s also easy to over-borrow. Elevated interest rates and low payments will put you into a deep hole.

“It’s a vicious cycle,” says Frazier.“ That debt will grow and grow, and the compounding interest will be huge. If you can’t afford your rent, you’re living in the wrong place.”

Credit damage

Credit scores consider the amount of debt you owe and weigh it against the amount you can borrow. If you hit your limit and the balance stays anywhere near it, your scores will sink. Skip payment cycles, and those scores plummet further.

This puts you in a terrible position if you have to move. Almost all landlords check credit reports to see if you’re a low-risk tenant. So, if they see excessive debt and a pattern of missed payments, they may pass you over for tenancy.

See related: How to rent an apartment with bad credit

Final thoughts

In extreme situations, charging your rent and then paying incrementally can keep you in a positive position with your landlord. To avoid credit card debt spiraling out of control, pay as much as you possibly can to the balance each month. When life returns to normal and you want to continue to charge your rent, make sure you always have the money in your checking account to cover the payment when the bill is due.

*All information about the Chase Sapphire Preferred Card, ABOC Platinum Rewards Mastercard, and the Wells Fargo Propel American Express card has been collected independently by CreditCards.com and has not been reviewed by the issuer. 

Source: creditcards.com



How entrepreneurs can protect themselves from credit card fraud

Posted on by Chloe Fowler

The gig economy has led to an explosion of entrepreneurs looking to start their own businesses. In fact, QuickBooks’ 2020 State of the Self-Employed report found 28.4% of U.S. adults identified as self-employed at one point or another during 2019.

One incredibly important aspect of running your own business is security and fraud prevention. Yet, unfortunately, many small business owners underestimate the risk of bad actors and thieves targeting their establishments – whether it be cyberattacks (43% of all data breaches include small businesses, according to a recent Verizon study), cash theft, shoplifting or credit card fraud (an estimated 27% of online sales with merchants were found to be fraudulent transactions in a 2019 American Express survey).

While large businesses typically have hefty budgets to spend on fraud prevention, as a self-employed person or the owner of a small mom-and-pop shop, you may not have a lot of resources at your disposal – especially at the tail end of a global pandemic. However, there are some steps you can take to protect your business from credit card fraud no matter its size and lower the risk of fraud overall.

Protect your point-of-sale (POS) system

“When it comes to point-of-sale fraud, what businesses are most likely to run across is card skimming,” said Jason Glassberg, cybersecurity expert and co-founder of Redmond, Washington-based Casaba Security, in a previous interview.

This could be physical, such as when a chip is inserted into the POS device by a local criminal, or it could be digital, where the POS system is infected with card number-stealing malware. There is also the ever-present threat of card skimmers and shimmers, which are devices that can capture card data from EMV chip cards.

To combat this threat, provide as much physical security to your POS system as possible, Glassberg said.

“That means locking up POS devices during closed hours so they can’t be accessed by anyone except a manager,” he said.

Also, inspect POS devices at least a couple of times a week, “looking for anything out of the ordinary such as loose housing, exposed wire, bulky fitting or anything that seems out of place on the device,” Glassberg noted.

Finally, stay up to date on any software updates to your POS system.

See related: How small businesses can safely store card details

Card-not-present (CNP) fraud occurs when someone fraudulently uses a credit card number online, over the phone or in another manner where they don’t have to show you the physical card. In fact, a study out of Javelin Strategy found that CNP fraud is 81% more likely to occur compared to POS fraud. Further, retailers could lose as much as $130 billion from CNP fraud by 2023.

One of the best things you can do as a business owner to prevent CNP fraud is to require the consumer to have the card verification value (CVV) number for their card, whether the order is placed over the phone or online, said Glassberg. This three or four-digit number can typically be found on the back of the card.

“You can also ask for the ZIP code associated with the card to weed out many of these fraudulent attempts,” Glassberg said.

Also, be on the lookout for potential “friendly fraud,” or credit card chargebacks initiated by customers looking to reverse a charge on their account for fraudulent purposes, in turn hurting the business they purchased from. In genuine circumstances, a customer can dispute a purchase if their bill was incorrect, the item is damaged, etc. For more information on what to do in these situations, consider reading the following expert business credit column on false disputes.

See related:  Can a collector target my business bank account over personal credit card debt?

Get third-party help

According to Keeper Security’s 2019 SMB Cyberthreat Study, 60% of small business owners said they “do not have a cyberattack prevention plan” and 25% “don’t even know where to start with cybersecurity.”

Even if you don’t have money to hire a cybersecurity staff, you don’t have to shoulder all the risk alone. There are companies, such as NoFraud and Signifyd, that specialize in fraud detection to help online merchants identify a possible risk before the sale goes through.

Dave Hermansen, CEO of e-commerce training company Store Coach, depends on such services to give incoming orders a “pass” or “fail” grade based on advanced algorithms, order histories tied to email addresses and other fraud detection methods.

“If an order gets a ‘pass,’ any loss you incur due to fraud is covered by [the fraud detection service],” said Hermansen in a previous interview. “If it is labeled, ‘fail,’ it’s up to you whether or not you want to ship the order – you will not be covered for fraud on those orders.”

Hermansen said his firm immediately cancels and refunds any orders that are marked “fail.”

See related: Retailers will lose billions to online fraud by 2023: Could a new Amex tool help?

Prevent fraud through training

If you have employees, their habits can put your business at risk (especially as many employees have transitioned to a work-from-home environment sans an in-office security team, guaranteed VPN or in-person “phishing 101” lectures). Make sure employees are aware of threats and train them on what to do and what not to do, said Yair Levy, professor of information systems and cybersecurity at Nova Southeastern University, in a previous interview.

How to dispute fraudulent charges on a corporate credit card

Make the move to mobile

As consumers increasingly use their smartphones to shop, there’s a security benefit to small business owners choosing to upgrade their equipment to accept mobile payments.

If you can accept payments from mobile wallets like Samsung Pay, Apple Pay and Google Pay, there is no credit card to be inserted into the payment terminal, which can cut down your risk of fraud, Glassberg said.

Consider cyber insurance – and a vulnerability test

As fraudsters and scammers are constantly changing their tactics and evolving, no business is 100% safe. A cyber insurance policy could save your small business from potential bankruptcy, considering it would pay for legal fees, customer notifications and other costs incurred if you do experience a data breach.

“As an added measure, if you have the means to do so, I would also highly recommend hiring a cybersecurity firm to carry out a ‘penetration test’ of your business network and POS system to see how vulnerable you really are to an attack,” Glassberg said.

An ounce of prevention could not only protect your customers, but it could save your business as well.

See related:  Is your small business protected by cyber insurance? It should be

The bottom line

With the tips provided above, you can take the steps to protect your small business from fraud of all kinds, including credit card fraud, and ensure your information (and that of your patrons) is protected.

Should you ever experience other security threats related to your business (think: if your business credit card is stolen) be sure to contact your credit card issuer immediately, place a hold on the card and file a dispute if necessary; you should be able to easily contact your issuer using the number of the back of the physical credit card.

Source: creditcards.com



American Express Gold card vs. American Express Platinum card

Posted on by Chloe Fowler

American Express has several different credit cards that can give valuable rewards to travelers. Some Amex cards are co-branded with another hotel or airline partner, but the issuer also has top-notch travel credit cards in its own currency.

Known as Membership Rewards, American Express’s proprietary rewards currency can be very valuable in the hands of the right spender.

Two of the most popular credit cards offering Membership Rewards are the American Express® Gold Card and The Platinum Card® from American Express. In this article, we will compare the two cards – looking at their perks, points earning and redemption options and comparing which card might be right for you.

See related: Which cards earn American Express rewards points?

American Express Gold vs. American Express Platinum

American Express® Gold Card

American Express® Gold Card

The Platinum Card® from American Express

The Platinum Card® from American Express

Rewards rate
  • 4 points per dollar at restaurants worldwide, including Uber Eats and select delivery services
  • 4 points per dollar at U.S. supermarkets (on up to $25,000 in purchases annually)
  • 3 points per dollar on flights booked directly with airlines or amextravel.com
  • 2 points per dollar on prepaid car rentals through amextravel.com
  • 1 point per dollar on all other purchases
  • 10 points per dollar on eligible purchases at U.S. gas stations and U.S. supermarkets, on up to $15,000 in combined purchases, during your first 6 months of card membership
  • 5 points per dollar on flights booked directly with airlines or at amextravel.com – on up to $500,000 on these purchases per calendar year. After that, it’s 1 point per dollar
  • 5 points per dollar on prepaid hotels booked through amextravel.com
  • 2 points per dollar on prepaid car rentals through amextravel.com
  • 1 point per dollar on all other purchases
Welcome bonus 60,000 Membership Rewards points after you spend $4,000 in the first 6 months 75,000 Membership Rewards points after you spend $5,000 in the first 6 months
Annual fee $250 $550
Estimated yearly rewards value (for someone who spends $15,900) $707 $856
Annual credits
  • Up to $120 in annual Uber Cash ($10 each month)*
  • Up to $120 in annual dining credits
  • $200 airline incidental credit on one airline of your choice
  • Up to $200 in annual Uber Cash ($15 each month with a $20 bonus in December)
  • Up to $100 annual Saks Fifth Avenue credit ($50 for purchases made between January and June and another $50 for purchases made between July and December)
Airport lounge access None
  • American Express Centurion Lounges
  • Delta Sky Club (when flying Delta)
  • Airspace Lounges
  • Escape Lounges
  • Priority Pass Select
Other travel benefits
  • $100 property credit and upgrade (when available) when booking hotel stays of two nights or longer through the Amex Hotel Collection
  • Transfer points to American Express travel partners
  • Terms apply
  • Up to $100 application fee credit for Global Entry or TSA Precheck
  • $100 property credit and upgrade (when available) when booking hotel stays of two nights or longer through the Amex Hotel Collection
  • Hilton Honors Gold status
  • Marriott Bonvoy Gold status
  • Transfer points to American Express travel partners
  • Terms apply

*Uber Cash benefit applicable to US Eats orders and rides only.  Must add Gold Card to the Uber app in order to receive the Uber Cash benefit.

Earning points

One area where the American Express Gold card shines in this comparison is in earning points on everyday expenses. The Platinum card offers 5 points per dollar spent on flights and hotels (on up to $500,000 in combined purchases per calendar year, then 1 point per dollar), as long as you book with the airline or American Express Travel. If your spending habits include a lot of booked travel, the Platinum card is a great option.

But the Gold card’s 4 points per dollar spent at worldwide restaurants (including Uber Eats purchases) and U.S. supermarkets (up to $25,000 in purchases per year, then 1 point) is one of the best spending category bonuses around. Dining and groceries are two of the top spending categories for many people, and the American Express Gold card delivers with high bonuses in both of them.

Redeeming points

Cardholders of both the American Express Gold card and the American Express Platinum card can redeem Membership Rewards points in exactly the same ways. They can both transfer to American Express’s wide variety of hotel and airline transfer partners. Both cards also can redeem points to book travel through amextravel.com or as gift card purchases or statement credits.

For more inspiration on how to redeem your Membership Rewards, check out our guide on the best ways to spend American Express points.

Bonus perks

There is no question that the perks on the American Express Platinum card are better and more extensive than those on the Gold card. The Platinum card offers up to $200 of annual airline incidental reimbursement, and it also comes with more monthly Uber Cash — up to $200 per year compared to the Gold card’s potential $120 annually. For frequent travelers, the airport lounge access, hotel elite status with Hilton and Marriott and Global Entry/TSA Precheck credit will come in handy.

See related: Guide to American Express lounges

The only bonus perks that the Gold card has that the Platinum card does not are the up to $10 in monthly dining credits and the alternative Rose Gold card design. However, the ongoing dining credits perfectly complement the Amex Gold’s monthly Uber Cash, 12-month complimentary Uber Eats Pass membership (must enroll by Dec. 31, 2021) and 4X points on Uber Eats orders — making it a definitive card for food delivery. On the other side of the American Express Gold vs. Platinum debate, the Amex Platinum carries a higher monthly Uber Cash allowance and provides the same Uber Eats Pass perk, but it doesn’t earn rewards on Uber’s services.

Nevertheless, whether the enhanced perks of the American Express Platinum card are worth its higher annual fee is something that will depend on your specific spending and travel habits.

Annual fee and authorized users

many perks to help offset the high annual cost.

Also worth noting is that there is no additional fee to add authorized user cards on the American Express Gold card (up to five additional cards, then $35 annually for six or more). On the Amex Platinum, you can add up to three authorized users for a total of $175 per year and then an additional $175 annual fee for any following authorized user.

This is an important callout, as authorized users on the Platinum card get their own airport lounge access, Gold status with Hilton and Marriott as well as access to American Express’s Fine Hotels and Resorts and Hotel Collection. Authorized users do not get the $200 airline credit or any of the other perks that the primary cardholder gets.

See related: How to add an authorized user to an American Express card

Bottom line

The American Express Gold card is definitely more accessible for more people, with its much lower annual fee. But if a $550 annual fee doesn’t faze your budget, take a look at the perks that come with the American Express Platinum card to see if you’ll get enough value to offset the higher cost.

If you travel frequently and don’t already have hotel elite status or a Priority Pass lounge membership, you may see value in the Platinum card. If you’re a foodie who spends a lot on restaurants, groceries and Uber Eats deliveries, the Gold card might be for you.

Or consider that both cards earn valuable Membership Rewards points, and American Express easily lets you combine points earned on different cards. So instead of choosing between the Amex Gold vs. Platinum, you might even find value in having both cards in your wallet.

Source: creditcards.com



Can you buy a money order with a credit card?

Posted on by Chloe Fowler

Money orders offer guaranteed payment of funds upfront for goods and services. Think of a money order like a prepaid check. There isn’t the requisite waiting around for the bank to clear the funds.

Paying via a money order might be a good option for a wide range of scenarios – transactions occurring between two people who don’t know each other too well, an establishment that wants a payment in cash or someone who doesn’t have a checking account but wants to purchase goods or services.

Paying an individual or institution via a money order sounds like a good idea, but what if you want to charge a money order through your credit card? Is this in your best financial interest?

Find out why paying for a money order via a credit card should be a last resort for most individuals.

See related: Can you send money with a credit card?

What is a money order and how does it work?

Money orders essentially work like cash since funds are guaranteed. The only caveat is a specific individual or institution is specified on the money order. Once a money order is purchased, the purchaser must fill out the recipient’s name, the amount and, in certain cases, the buyer’s address and phone number.

“A money order is a paper certificate issued by a government agency or banking institution,” said Steve Weisman, a Massachusetts-based attorney and professor. An individual pays the money order issuer cash to cover the money order plus a small fee.

One of the advantages of using a money order over checks is it “avoids putting bank account numbers or routing numbers on the document,” said Zach Reese, a CPA from Atlanta.

It is a secure way to make a payment, and there is less likelihood of fraud or identity theft associated with checks.

Money orders often have a receipt, so individuals can track if and when a recipient receives payment. It is possible to put a stop payment on a money order, and it is a safer option than sending or mailing cash.

Where can I buy a money order?

Money orders can be purchased from the U.S. Postal Service. Daily, approximately 269,000 money orders are sold at post offices across the country.

In addition, money orders can be purchased from “supermarkets and convenience stores, through checking or savings accounts in banks, credit unions, money transfer shops and payday loan stores,” said John Li of Fig Loans. Money orders usually have a maximum limit of $1,000. Depending on where a money order is purchased, there is a fee associated with the transaction.

Can an individual buy a money order with a credit card?

Yes, but only from a couple of merchants – Western Union and 7-Eleven stores. The U.S. Postal Service and other places will accept only cash, debit cards or traveler’s checks for a money order, according to Chris Panteli, financial expert and small business owner.

If a buyer decides to charge a money order to a credit card, be aware the credit card company may consider a money order purchase to be a cash advance, which has a downside. Significantly more interest is charged on a cash advance than a regular purchase.

See related: How credit card interest works

What are the pros of buying a money order with a credit card?

Financial experts are hard-pressed to identify more than a few positives associated with purchasing a money order via a credit card. If an individual has no other option and chooses to purchase a money order, there are some benefits:

What are the cons of buying a money order with a credit card?

Most experts agree that buying a money order with a credit card isn’t the most cost-effective option for individuals. Michael Sullivan, personal financial consultant at Take Charge America, explains the disadvantages:

One additional disadvantage is “taking cash advances can affect your credit score. So if you’re trying to improve your credit score, don’t even think of using your credit card to buy a money order,” adds Reese.

See related: Do bank overdrafts affect your credit score?

Bottom line

Most experts agree buying a money order through a credit card isn’t the ideal option and should be reserved as a last resort. It is more expensive, it will take longer to pay off your credit card balance, and could damage your financial future by adversely impacting your credit score.

It is possible to buy a money order with a credit card, but you shouldn’t. Your best bet is to pay for the money order in some other way rather than using a credit card to make the purchase.

Source: creditcards.com



Women account for all December job losses

Posted on by Chloe Fowler

The pandemic has wreaked havoc on the economy and the way we work, and this appears to be especially true for women struggling to care for children and provide for them at the same time. In the midst of a forced e-learning crisis and general health crisis of epic proportions, the U.S. Department of Labor figures from Jan. 8, 2021, show the U.S. economy lost 140,000 jobs in December, and women accounted for all of them.

That month, women suffered all of the 156,000 job losses, according to the U.S. Bureau of Labor Statistics (BLS), and men gained 16,000. These numbers further prove women are taking a greater economic hit when it comes to their careers.

The news is particularly bad for women of color. BLS figures show that of the 156,000 women were unemployed in December 2020, 9.1% were Latina and 8.4% were Black women.

Women hit especially hard by the pandemic

According to an analysis from the National Women’s Law center, women have suffered more job losses from the pandemic overall. Since February of 2020, women have lost over 5.4 million jobs, the study notes, which accounts for 55% of all job losses combined since the crisis began.

Further, many unemployed women have been out of work for most of the COVID-19 crisis. Among adult women ages 20 and over who were unemployed last month, about 2 in 5 had been out of work for at least six months. For Black women ages 16 and over, the rate of long-term unemployment was 40.8%, and 38.3% for Latina women.

When you consider most women take on more of the household responsibilities and child-rearing, it’s easy to see why this is the case. After all, a 2020 report published by Lean In showed that women in relationships with men were more than three times as likely to handle the bulk of childcare and housework during the pandemic. For single mothers without any help, the challenges are even greater.

By and large, many women are finding it impossible to help children learn at home while continuing to work at home or anywhere else. Add in the stress of having an entire family quarantined, and many women, mothers especially, are finding themselves in a lose-lose situation where something has to give.

Future of women in the workforce

While some women who have recently left the workforce were laid off, others left on their own terms. The Lean In study points to an array of reasons many employees, and especially women, are choosing to downsize or even end their careers. This includes lack of flexibility at work, feeling they always have to be “on,” worrying their performance is lacking due to household obligations and feeling continuously blindsided by factors beyond their control.

Of those surveyed, women still considering making a change in their careers due to the pandemic were weighing cutting their work hours (17%), switching to a less demanding job (16%), taking a leave of absence (15%), going from full-time to part-time (8%) and simply leaving the workplace altogether (7%).

Meanwhile, fathers were considering these options at considerably lower rates: cutting their work hours (9%), switching to a less demanding job (11%), taking a leave of absence (9%), going from full-time to part-time (2%) and simply leaving the workplace altogether (4%).

Experts worry companies will lose women in important positions, and especially in leadership positions in firms nationwide. Data from the National Women’s Law Center shows female senior-level employees are frequently held to higher performance standards than men, and “they may be more likely to take the blame for failure – so when the stakes are high, as they are now, senior-level women could face higher criticism and harsher judgment.”

Women have made great strides in the workforce over the last few decades and even the last few years, yet COVID-19 appears to be hindering that progress. We can only hope employers begin offering more resources and support.

The National Women’s Law Center says companies who identify the problems and address them have the best chance at helping their employees get through this difficult time in a way that is “flexible and sustainable” for everyone.

“If not, the consequences could badly hurt women, business and the economy as a whole,” they write.

Source: creditcards.com



Two? Seven? Twenty? How many credit cards should I have?

Posted on by Chloe Fowler

It would be easy to fill up a wallet with just credit cards. A card to maximize airline miles. A card targeted at your favorite hotel chain. A card that gives you cash back on groceries. Even a card that earns you points when you spend at NFL games. So, where to begin? And where to end?

How many credit cards should I have?

The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many? That depends on the individual – you should never have more than you can handle.

Experts say the number of cards one should have varies according to individual and circumstance. “Generally speaking, there is no one perfect number,” said Ethan Dornhelm, a vice president at FICO.

While the number varies by generation, credit score and other factors, the average American has three credit cards and 2.4 retail store cards, according to a 2020 survey by the credit reporting agency Experian.

To ensure a mix of credit cards and keep your credit score climbing, credit expert John Ulzheimer suggests asking yourself two questions about the cards in your wallet:

  1. Do you have cards across more than one network? If you have three cards, but all of them are Mastercards, this could be a problem if you run into a merchant who only takes Visa. An example? Costco only accepts Visa now, though you can use your Mastercard on the wholesaler’s website.
  2. Do you have a low credit card utilization ratio? Your average balances across all your cards for the past 24 months “should represent no more than 10% of your overall credit limit,” Ulzheimer says.

Credit utilization – how much credit you’re using each month, on average, of all the credit available to you from all your cards combined – accounts for 30% of your credit score under FICO’s traditional model.

If you can add another credit card while keeping your overall spending the same, you’ll lower this ratio – and boost your score.

See related: What is a good credit utilization ratio?

Two? Twenty? The answer is personal

That former number sounds about right to John Corcoran, a hotel industry executive in Aspen, Colorado.

He’s got two for personal use – both airline mileage cards – and a third for work. He added the second mileage card solely for the points bonus, and is thinking about dropping it before the $90 annual fee comes due. “I don’t like credit cards,” he said. “I don’t like debt.”

On the other end of the spectrum is Naomi Sachs, an international business executive in San Rafael, California. Sachs estimates she has 20 or 30 cards “sitting in a sock drawer, unused” – generally retail cards she signed up for to lower the cost of a purchase at that store or credit cards she acquired for the points boost.

Sachs is carrying around in her wallet about 10 more cards, of which she uses two or three with regularity. As for cash? Maybe there’s a $20 bill in there somewhere. Debit? “I don’t put anything on debit, ever, ever,” she said.

Instead, she charges strategically, and checks her card balances a few times a week to stay on top of her finances. “I aggressively try to maximize my spend, for almost every single dollar, every single time,” she said.

Credit expert John Ulzheimer suggests two things that can help you determine the number of cards that is right for you. Always keep your overall credit card utilization low, and secure access to more than one credit card network.

While merchants in the U.S. accept the big four card networks – especially Mastercard and Visa, and, to a lesser extent, American Express and Discover – you can still find places where some of them are not accepted. Costco is one example. The warehouse club switched in 2016 from American Express as its card partner to Citi, so now the only card Costco accepts in-store is Visa.

And if you travel abroad, you should pack credit cards from a variety of card networks. While Visa and Mastercard are most universally accepted, and American Express signs are increasingly common in store windows across the globe, you will inevitably wind up in a place that doesn’t accept the type of credit card you have with you.

Beyond those two key elements, Ulzheimer explains, many approaches are valid, so long as they work for you.

See related: How to use your credit card wisely

How many cards should you have if…

Want to get more specific? Here’s a list of some particular situations you may find yourself in, and some experts’ thoughts on how that might affect what kinds of cards, and how many, you may want to carry in your wallet:

You’re new to credit cards, or just recovering from a bankruptcy or other bad credit incident

Start with one card, a secured card if necessary, then add a second card when you can prove to yourself that you are making your payments on time and paying your bill off in full each month, says Netiva Heard, a credit counselor in Chicago.

“It’s a learning period,” she said. “That’s why you start with just one card first, to get adjusted to those good habits.”

You want to take advantage of rewards programs

Cards that don’t offer rewards “are a complete waste of your time,” Heard says. She recommends thinking about what rewards would benefit you the most, and whether you want to pay an annual fee to get them.

Cards that don’t charge an annual fee generally come with lower introductory bonuses than cards that do and may not be as generous with rewards points on day-to-day spending. But be careful that you don’t sign up for more rewards cards than you can manage to juggle.

Heard advises most people to keep no more than three to five credit cards total in their wallets. Ulzheimer said two rewards cards seems like more than enough – one for airline points and one for cash back.

You plan to buy a new house or car soon

You should stick to the number of cards you already have, at least temporarily. Don’t open even one new credit card within at least six months of applying for a so-called installment loan. Opening a new card will lower your score by a few points due to the hard inquiry on your credit, “and you want it to be in the best shape possible when you go out to get that expensive loan,” Ulzheimer said.

That said, he added, installment lenders will pay the most attention to whether you’ve had a mortgage or auto loan before, if you paid it off on time and whether you tend to pay off your bills in general on time.

You want to improve your credit score

This is not a reason to get a new credit card, Ulzheimer said. “Opening a new card can actually backfire,” he said, because it will, at least initially, lower your score.

When you apply for a credit card, the issuer pulls your credit report, which triggers a hard inquiry. A hard inquiry can lower your score by five points, but it only affects your credit score for one year. After two years, the inquiry falls off your credit report. Note that applying for multiple credit cards at once can exacerbate the negative credit score impact of inquiries, at least in the short term.

A new credit card can also reduce your length of credit history, a key credit scoring factor that considers the average age of all your credit accounts. While length of credit history only counts for 15% of your FICO score, the effect can be significant if you only have one or two existing credit accounts.

On the other hand, if your new credit card has a high credit limit and you keep your balance low, the card can eventually boost your credit score by increasing your overall available credit.

debit card, or cash, Ulzheimer said.

If you need to close your credit cards to avoid using them, then do it, but know that every time you close a credit card, it can lower your score, he said – because it may reduce your available credit, thus increasing your aforementioned credit utilization ratio.

Divorce hits women harder financially: Here’s how to survive it

Bottom line

So, whether you have two or 20 cards doesn’t really matter. What’s important is that your cards give you access to more than one network and offer you the rewards that best meet your needs (which can change over your lifetime).

And, of course, you need to be sure you’re not juggling so many cards that you can’t keep track of all the payment due dates The whole point of having two to 20 or more credit cards is earning points or cash back on your everyday spending that you pay off every month. All the while, keep your credit utilization low so that your credit score climbs.

Source: creditcards.com



Don Dial Race Cars

Posted on by Chloe Fowler Comment

Contents

  1. Heavy duty trucks california
  2. Porsche owners – including james
  3. Weekend road racing … playing
  4. Racing … dial

I had mould in the attic and in my brothers basement after all the cold wether. I used RMR…

CNBC contributor Danny Korecki had the opportunity to ride along with three Formula Drift drivers to show you what it’s like to ride shotgun in these 1,000 horsepower race cars. There are traditional …

The Recommended Following Interval Is Oil By Pass Filtration Oil bypass filtration systems for Low- and High-Pressure applications extends component life and time between Oil Changes. Learn More About Our Products! The only major mechanical change came in May 1951 when engine capacity was increased to 4,566cc together with a change from a by-pass oil filter system to one-using a

But that was also the year that a frontstretch crash during a race sent Bobby Allison’s car flying into Talladega’s catch fence. Flying debris injured spectators. NASCAR made changes to dial back the …

But arguably the most astonishing aspect of his season was his adaptation to oval racing … because teams will always dial in extra doses of understeer as this is the safe way for a newbie to learn …

Even if you drive slowly down the street, you’ll still miss the building that houses Don Dial’s Race Shop, the building where dozens of world-famous cars have been built.

Preventive Maintenance Forms For Trucks Preventive Maintenance for heavy duty trucks california COUNCIL ON DIESEL EDUCATION AND TECHNOLOGY Published by the California Council on Diesel Education and Technology (CCDET), a Internal efficiencies in the form of smoother internal processes and procedures … Rio Tinto Uses IoT Sensors For Preventative Maintenance Truck maintenance costs can quickly add up—especially for … What

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It’s the latest in a series of lightweight cars that goes back to the 1950s, when porsche owners – including james Dean – often took their daily drivers into weekend road racing … playing coy on …

Big chief picking his car up from don dial race cars Better yet, add $24,000 and SVO will pull out the rear seats and install a rollcage, data-logger and racing … dial down the electronic nannies as we lapped. “In just a few laps you can get to that …

“To be totally honest, back, I think, in 2010, when I took my car to Don Dial Race Cars, I just wanted him to put a new set of ladder bars under the car,” continues “Big Chief”, who walked away from the harrowing accident with only moderate injuries.



Preventive Maintenance Forms For Trucks

Posted on by Chloe Fowler Comment

Contents

  1. Sudden mechanical breakdowns
  2. Plan … perform regularly scheduled
  3. Plan … perform regularly
  4. Filtration oil bypass
  5. Major mechanical change

Preventive Maintenance for Heavy Duty Trucks CALIFORNIA COUNCIL ON DIESEL EDUCATION AND TECHNOLOGY Published by the California Council on Diesel Education and Technology (CCDET), a

Internal efficiencies in the form of smoother internal processes and procedures … Rio Tinto Uses IoT Sensors For Preventative Maintenance Truck maintenance costs can quickly add up—especially for …

The Truck Maintenance Advisor What constitutes “routine maintenance” for a diesel truck? Regular preventative maintenance is the best way to reduce operating costs – sudden mechanical breakdowns are often expensive and can, in most cases, be avoided by routine truck and trailer maintenance.

My Car Has Power But Wont Start It does start most of the time but 1/15, it wont start and wont even click as if nothing happens. I still suspect ignition switch (I found a bandage around it when trouble shooting) but a mechanic told me, cars like mine mostly have starter problems. Doing your … car won’t start. paul selbitschka owns

A preventive maintenance checklist for semi-trucks program is a requirement that ensures safety and profitability of a fleet. The purpose of a preventive maintenance routine is to identify small problems before they develop into large ones.

PREVENTION MAINTENANCE CHECKLIST FOR TRACTORS, TRUCKS, AND AUTOMOBILES Farm Machinery Fact Sheet FM-21 By Dr. Von H. Jarrett, Extension Agricultural Engineer

With approximately 2,000 agents across the country, Penske Truck Rental offers businesses this opportunity in the form of a customizable plan … perform regularly scheduled preventive maintenance on …

Effective filtration systems always have played an integral role in the daily life of a truck’s lubrication … (Pitt Ohio) Ultimately, “ensuring you have a strong preventive maintenance program is No …

The Recommended Following Interval Is Oil By Pass filtration oil bypass filtration systems for Low- and High-Pressure applications extends component life and time between Oil Changes. Learn More About Our Products! The only major mechanical change came in May 1951 when engine capacity was increased to 4,566cc together with a change from a by-pass oil filter system to one-using a
My Car Wont Turn On And It’s Not The Battery If your Galaxy A80 won’t turn on and you don’t know … This should be enough to top the battery off. While charging, make sure not to turn your phone back on to allow charging to proceed … The 2020 Soul EV, which arrives in Canadian dealerships this June, will offer similar battery technology to



The Recommended Following Interval Is

Posted on by Chloe Fowler Comment

Contents

  1. Major mechanical change
  2. Source optimisation tools
  3. Spark plug boot
  4. Service technician tells
  5. Blood pressure rises.
  6. Consecutive premier league defeats

Oil By Pass Filtration Oil bypass filtration systems for Low- and High-Pressure applications extends component life and time between Oil Changes. Learn More About Our Products! The only major mechanical change came in May 1951 when engine capacity was increased to 4,566cc together with a change from a by-pass oil filter system to one-using a full-flow layout. The Mark

This is the best way to serve watermelon at a party … down the length of the melon (with the rind on) at 1 to 1½ inch intervals …then stand up on one cut end. Cut downward in following the shape …

My Car Has Power But Wont Start It does start most of the time but 1/15, it wont start and wont even click as if nothing happens. I still suspect ignition switch (I found a bandage around it when trouble shooting) but a mechanic told me, cars like mine mostly have starter problems. Doing your … car won’t start. paul selbitschka owns

Brilliant from both players but it’s Trump who holds a 3-1 advantage at the mid-session interval thanks to breaks of 51 … Higgins doesn’t but just loses the white and can’t pot the following brown …

Web optimisation addresses this issue, and this article features some of the best open source optimisation tools available … to carry out regular performance checks (testing at a regular interval). …

My Car Wont Turn On And It’s Not The Battery If your Galaxy A80 won’t turn on and you don’t know … This should be enough to top the battery off. While charging, make sure not to turn your phone back on to allow charging to proceed … The 2020 Soul EV, which arrives in Canadian dealerships this June, will offer similar battery technology to

This is Why You NEVER Want to Follow FORD Recommended Maintenance Intervals Transmission Change Interval . Depending on the transmisison type the suggested intervals may vary.. For best results:. Severe Duty – stop and go, or towing .

Spark Plug Maintenance Schedule Some report a lower ranking when owners say they’re dissatisfied performing regular maintenance … Can I switch my spark plugs a year late? If my transmission fluid is good for 80,000 km … Implementing and following a routine maintenance schedule will prevent … When working underneath the mower, pull the spark plug boot from the

Even though you care, there is still that moment of dread when your service technician tells you the manufacturer recommends some additional service. Your heart beats a little faster, your blood pressure rises. You worry about spending more money.

Heading into the game on the back of three consecutive premier league defeats, winning the Europa League appears to now be Arsenal’s best chance of securing a … Valencia responded after the interval …

Following Recommended Intervals. If you’re reading this article, then you are probably a Texas driver that cares about your car and how it runs. Even though you care, there is still that moment of dread when your service technician tells you the manufacturer recommends some additional service.

According to the National Safety Council, the organization that publishes Defensive Driving materials for all such classes offered nationally, the minimum safe following distance is three seconds.

Microwave the fried chicken in 30-second intervals until warm … in a toaster oven using the following steps. There you have it: you’ve mastered the art of enjoying this delicious leftover at its …




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