#another card is also overlimit

[delllamortes]

i really, really hate to do this, but i’m getting pretty desperate, so here goes nothing 🥴

i’m very literally drowning in credit card bills, and i’m extremely overwhelmed by it. a lot has happened in the past year and a half that has caused me to spend way more than i can pay back. i’m currently unemployed, receiving EI (which is $882 every two weeks for me). $200 from each pay goes to my dad (i pay $400 a month to live here), my phone bill is $160 every month, i have 4 cats to provide for, and i need to buy food for myself and often for my mother as well, since she’s in rougher shape financially than i am. that leaves not a whole lot to put towards my credit cards, and often, what i AM actually able to put on them just gets wiped out by interest anyway. i’m doing my best to become more responsible financially, but i currently feel like i’ve dug a hole that i can not climb out of and it’s impacting my mental health so, so badly. i’ve been trying to find a job, but it’s hard, since most pay less than what i’m currently making on EI (which already isn’t nearly enough). i am not really one to ask for help, but i’m getting desperate, especially because a couple of my cats need to go for checkups soon and i have no idea how i’m going to pay for it. and so i’m going to swallow my pride and ask for help. i have a kofi, or if you’re in canada, my e-transfer email address is sarahrach081@gmail . com. i can also make a paypal if that’s easier. i’m willing to provide proof in the form of screenshots of my balances if needed.

i know times are rough for a lot of us so please do not feel bad if you can’t help out. my own irresponsibility in the past is part of why i’m in this hole, and there are definitely people who deserve the help more. but if you’re willing and able, even if it’s just a few dollars, i appreciate you so much 🥺 if you send something and would like a little doodle or something as thanks, i’d be more than happy to do that (i’ve gotten very rusty so i can’t guarantee it would be like, good, but i’m willing to try anyway 😅)

thank you for reading. please reblog if you can, i need all the help i can get right now 🥴

[cc-shop101-blog]

Hunting for a New Credit Card? Here Are 10 Things You Should Definitely Know

Bank cards come with a host of features and benefits - at this moment why credit cards are a popular phenomenon. If you are looking to apply for credit cards anytime soon, here are 10 things you definitely need to know. These kinds of points will give you a better understanding of how credit cards work and you can expect from them. Annual fees on credit cards All charge cards offered by banks (at least a major percentage of them), come with an annual fee. The annual fee mostly differs from one card to another, even in the case of cards provided by the same bank. Usually, Premier cards that offer better advantages than normal cards come with a higher annual fee. As the Primary card almost certainly comes with an annual fee, supplementary credit cards also come with an annual fee in most cases. Sometimes, the yearly fee on the supplementary card is waived for the very first year or so - this is to keep the card more competitive as well as in-demand. Certain banks waive the annual fee within the primary card as well - for the first year, or even first two years, or longer. Annual rate of interest All dealings you make using your credit card attract a certain rate of interest known as the actual annual percentage rate of interest (APR). The interest rate is dependent on the cc shop that's offering the card and the type of card. The interest price for most credit cards is Singapore is between 23% g. a. and 30% p. a. Banks allow for the free period of about 21 days from the release in the statement (again, this depends on the bank and the type of card) and don't charge an interest if the amount is repaid completely within this interest free window. If the amount isn't compensated before the end of the interest free period, interest fees will accordingly hold applicable. Cash advance charges Credit cards allow customers to make emergency cash withdrawals from ATMs. All these cash advances carry a handling charge of about 5%-6% on the withdrawn amount, besides interest charges that fall in the product range between 23% and 28% p. a. Interest upon cash advances is computed on a daily basis at a compounding rate till the amount is repaid in full. Cash advances are usually a risky trend, mostly considering the high interest charges. So if you withdraw cash using your credit card, it is advisable that you repay the amount in full in the earliest. Minimum monthly payments As a credit card customer, you are required to spend a minimum amount each month - or the entire amount if that is possible - amounting to 3% of the total month-to-month outstanding balance. Minimum payments need to be made by the settlement due date if late payment charges have to avoided. The actual minimum payment in your credit card monthly statement can also consist of pending minimum payments from previous months, late monthly payment charges, cash advance charges, and overlimit fees, if they keep applicable. Late payment charges If the minimum amount isn't very paid by the payment due date, banks levy a certain charge, commonly referred to as the late payment fee. The later payment fee for credit cards in Singapore can be any place in the range between S$40 and S$80, depending on the bank giving the card. Overlimit fees Overlimit fees hold applicable and therefore are levied by the bank if the allocated credit limit is surpassed. Overlimit fees can range between S$40 and S$60 with regard to credit cards in Singapore. Cashbacks and reward points An element that makes credit-cards a pretty exciting phenomenon is the reward points/cashbacks that can be earned on purchases. Different cards are organized differently and allow you to earn either cashbacks or praise points or both, on your purchases. Some cards permit you to earn reward points on groceries, while some other allow you to earn cashbacks or reward points on air ticketed bookings, retail purchases, etc . Cashbacks and reward items are features that are specific to certain credit cards and also the extent of benefits depends on the type of card and the bank supplying the particular card. Reward points earned on purchases could be converted into exciting vouchers, discounts and attractive shopping/retail purchase/online deals from the card's rewards catalogue. Balance transfers Specific credit cards allow you to transfer your entire credit card balance to that particular charge card account, enabling you to consolidate your debt. Balance transfer credit cards include an interest free period of 6 months - 1 year, depending on the cards you've applied for. In the case of balance transfer cards, banks cost a processing fee and might also charge an interest (unlikely in a majority of cases). After the interest free period (6 months - 1 year depending on the card), normal interest expenses on the card are applicable for transactions and cash advances. Air flow miles programmes in Singapore Certain credit cards (mostly large credit cards) offered by some banks in Singapore let you earn air miles by converting your reward details earned on purchases using the card. Usually, air kilometers cards come with a higher annual fee owing to their expensive nature. As a customer of a premium credit card, you can build up enough air mile points to completely offset your next holiday! Credit scores In brief, your credit score is a projection of how nicely you've managed your debt in the past. It takes into account your transactions patterns and records instances of late payments, credit overlimits, loan defaults, history of regular/timely payments, etc, and provides banks an idea of how good you can be at handling financial debt in the future. A good credit score is vital to getting loan applications and credit card programs approved. The above mentioned points will come in handy if you are contemplating trying to get a credit card. These aspects will give you a comprehensive understanding of how cards work in Singapore, giving you a better idea of what you can get. These will also work if you are not happy with your current card and are also looking to switch over to another credit card as well.

[billwells3]

Which Credit Card Should Be Your First?

go and visit transfs.com web site for way more material on finances 

Getting a credit card as a young adult is a big step. To help, we’ve researched the best first credit card options and how to make this important choice.

Getting your first credit card is a significant financial milestone. Maybe you’re a college student jumping into personal finance for the first time. Or maybe you’ve just never had a reason to get a credit card before. Regardless, you may be overwhelmed with all the options that are out there.

When it comes to getting your first credit card, I recommend first looking at your spending habits. Then, choose a card that offers the most rewards based on those spending habits. Here are three recommendations for first credit cards: one for general cash back, one for travel rewards, and one for gas rewards. I also discuss secured credit cards and student credit cards for your reference.

First Cash Back Credit Card: Discover it® Cashback Match™

Learn More

The Discover it® Cashback Match™ is a no-fee card that offers plenty of attractive perks. It’s an excellent choice for your first credit card if you’re looking to maximize your cash back rewards right off the bat.

You’ll earn 1% cash back on all credit card purchases and 5% cash back on new bonus categories each quarter. Currently, through December, the bonus categories are for purchases at Amazon.com,and Target–perfect for holiday shopping! What’s more is that new cardholders will get a “dollar-for-dollar match of all the cash back you’ve earned at the end of your first year.” This makes it the perfect time to sign up for Discover it if you’re looking for your first cash back credit card.

Other perks include the ability to view your FICO® score for free each month on your statements. You’ll also have the ability to immediately freeze your account with an on/off switch (online or via the mobile app), should you suspect fraud.

Resource: How to Get Your Credit Report for Free

There’s no annual fee, no fee for your first late payment, no overlimit fee, and no foreign transaction fee. You’ll also pay no interest on purchases made during the first 14 months after opening this credit card.

Learn more about Discover it® Cashback Match™

First Travel Rewards Credit Card: Capital One® Venture® Rewards Credit Card

Learn More

The Capital One® Venture® Rewards Credit Card is an excellent choice for first-time cardholders who plan to travel a lot. You’ll earn 2 miles for every dollar you spend, regardless of category. One hundred miles is equal to $1 in travel rewards. There’s also a one-time bonus of 40,000 miles (equal to $400 in travel rewards) once you spend $3,000 on the credit card within the first three months of opening it.

In addition to having no foreign transaction fees, this credit card also offers the many perks that come with being a Visa Signature card. These include:

Complimentary travel upgrades

Complimentary concierge service

24-hour travel assistance services

Special access to premier sporting events and concerts

Shopping discounts at select online merchants

Extended warranty on purchases

There’s an annual fee of $59, which is waived the first year. If you use this card often and take advantage of all the travel rewards, it should easily make up for the annual fee.

Learn more about Capital One® Venture® Rewards Credit Card at CardRatings.com

Best First Gas Rewards Credit Card: Blue Cash Everyday® Card from American Express

Learn More

If you’re a frequent driver, you may be looking for a credit card that offers good gas rewards. The Blue Cash Everyday® Card from American Express is the perfect credit card in this instance. You’ll receive the following cash back rates:

3% cash back at the grocery store

2% cash back at gas stations

2% cash back at select department stores

1% cash back on everything else

There’s no limit on the amount of cash you can earn, and it never expires. You can redeem your cash to your bank account, as a statement credit or in the form of gift cards. There’s also no annual fee.

Another perk of the Blue Cash Everyday® Card from American Express is that you’ll get online access to view your FICO® score for free. This comes in handy for monitoring your activity, especially if you’re new to building a credit history

Learn more about Blue Cash Everyday® Card from American Express at CardRatings.com

A Note About Secured Credit Cards

Secured credit cards require you to put down a refundable deposit as collateral. This deposit becomes the credit line for your card. Secured credit cards can help you establish or rebuild your credit history, and are useful if you have no credit or bad credit.

If you’ve been paying off a loan in your name or otherwise have some credit history, you may not need to get a secured credit card before applying for a regular credit card. Regular credit cards tend to offer more attractive perks than secured credit cards.

Best secured credit cards

A Note About Student Credit Cards

Student credit cards are a great option for young people to get their feet wet with credit. I got my first credit card while I was in college and still have that credit card to this day. It’s a Wells Fargo cash back credit card.

Related: Best Credit Cards for College Students

Most credit card issuers offer at least one student credit card. These credit cards are often comparable to their other rewards credit cards but come with a low initial limit. As you establish your creditworthiness by making on-time payments, you’ll likely see your limit increase over time. If you’re in college, I highly recommend starting to build your credit now by getting a student credit card.

Final Thoughts

Getting your first credit card is an exciting time and the process shouldn’t be taken lightly. Which credit card you choose as your first can have a huge impact on your finances. If you choose correctly based on your spending habits, you can reap some great benefits such as travel rewards or cash back.

Once you receive your first credit card, remember to use it wisely. Only make purchases that you can afford to pay in full when the bill comes. Try to keep your credit utilization ratio low by not using more 30% of your credit card balance at any given time. Above all, enjoy the many perks that come with being a cardholder.

[delllamortes]

me again 🥲

so my new job is going really really great so far—everyone i work with is super nice, and the job itself is super easy and chill! i get paid for the first time tomorrow or monday (not sure whether i’m getting paid before or after the holiday, but really hoping before 🥴) BUT only for 14 hours of work, since that’s all i was scheduled my first week. which…isn’t going to be very much, especially since they take $30 out for the apron they supplied me with as my “uniform” 💀 basically, im going to make MAYBE $150. maybe more if i get my share of tips as well, but i’m not really sure how that works yet, so i’m not going to count on tip money just yet 😅

regardless, that is not going to be enough to get me out of overdraft 🤡

as bad of an idea as it was, i got overdraft on my account because i really, really needed to pay my phone bill bc the company was threatening to disconnect me and i didn’t have any other choice 🤡

this is what i’m looking at rn:

(ft my nearly $200-overlimit visa lmao)

most of the overdraft was used on my phone bill, the rest was spent on groceries for the cats and i. if i’m lucky, my pay will cover around half of that, but then i have to survive another two weeks until i get an actual full pay, which i really don’t know how i’m going to do (and my overdraft charges me $5 per transaction, so it’s not gonna be good at the end of the month 🥴). credit card payments should be able to wait until my next pay, but i still need to buy groceries and the like, especially since i have to bring lunches to work now.

literally any help at all is so beyond appreciated. someday i’ll be able to stop making these posts, but i guess today is not that day 💀 reblogs are extremely helpful since they get more eyes on this post and can help it reach someone who may be able to help!

paypal

ko-fi

i can also accept e-transfers by email from fellow canadians, just ask for my email address!

thank you all in advance for the help, im sorry i have to keep making these posts because i’m sure they’re getting very old 🥲