Types of Credit Cards

Every household has credit cards, and just like most things there are many types available to meet your family’s needs. People may need credit cards to cover high expenses such as donations they don’t have the liquid funds for or people may just want to use credit cards for its rewards and benefits available. Either way there are many websites available for you to shop around explore the options available to you. Below is a quick outline of the different types that can help you begin your research.

Cash Back

Cash back credit cards are a type of credit card where they offer a benefit of a percentage of money spent on the card will be paid back to the consumer. This type of credit card is most beneficial to consumers who can pay their card off right away. A card like BMO CashBack credit card review can help you earn money while spending money. What a great benefit.

Balance Transfers

There is a type of credit card that allows you to transfer your balance from another credit, this is called a balance transfer. Sometimes people find themselves with a high balance on their credit card and are paying high interest. They can transfer their balance to a different card that may offer better rates or rewards. Some credit card companies offer zero interest on balance transfers for a period of time. This is helpful to people and can help them chip away at their outstanding balance.

Travel

If you and your family like to travel, there are many cards out there that offer amazing rewards for travel. By spending money you can earn rewards points towards things like hotels, flights, etc. The more you spend on your credit card the more you may be able to get a free vacation. This is a very good type of card for those that pay off their cards each month. If you have the money to spend anyways why not earn free vacations?

Low Interest

One item that hits everyone hard with credit cards are interest rates. Most companies will charge you an arm and a leg to carry a balance. If you are expecting to have a high outstanding balance it is best to research companies that offer a low interest rate, otherwise you are spending money on top of what you already owe just on interest.

Rewards

Just like the travel rewards, many people use credit cards purely for the rewards and benefits they offer. Rewards can be store specific or general (money towards gas, food, etc.). These rewards can be very helpful towards fun entertainment or everyday expenses. If you have the money why not use your credit card, earn rewards, and just pay it off right away.

All of these are examples of the credit card options available to you. Do your research and find out which is best for you and your family.

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Ways to be Charitable

With all that is going on in the world a lot of people are looking for ways to give back and be charitable. Who doesn’t want to be a good person and pay it forward when they can? Sometimes you don’t have the money to throw at organizations but there are other ways you can be charitable and be helpful to others who may not be as fortunate as you.

Attend Events

There are always events going on either in your community or nationally that are fundraisers for charities. Just by going to the event you are raising awareness and helping the cause. Typically tickets are sold to attend the event and those funds go towards the cause.

Donate Goods

If you have anything around your house that you don’t use or need you can donate them to those in need. Anything from unused baby diapers, baby toys, clothes, books, towels, etc. can all have a helpful use at different charities who collect those items. Go through your house and collect unwanted items and find charities that match those needs.

Donate Money

The obvious way to be charitable is to donate money directly to the cause. Every little bit can go a long way to most charities and if everyone just gave the little extra they have then it will add up to something big. There is also the option for a credit card that donates to charity. You spend money on the card and a portion is donated to your charity.

Sponsor

If you can’t attend an event than you can sponsor an event. Many families and businesses help local charities by sponsoring events that raise awareness to special causes. By being a sponsor you are giving money to the group in order for them to make the event happen.

Donate profits

If you own a business you can donate a percentage of your profits to your favorite cause. You can advertise you are doing this and people will know they are helping out just by buying from you or using your service.

Make a good or product to be sold

If you have a talent of making a tangible goods than it is possible to start making them to be sold to raise funds for your favorite charity. Clothes, foods, jewelry are examples of items that you can make in your home and sell to your family and friends to make money. Even kids can be charitable by doing things like a lemonade stand to generate money for their cause.

So if there is a group that you want to donate to or help than there are many ways to do so. Don’t feel helpless in these trying times.

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