Posts Tagged ‘credit card’

Five Financial Tips for Newlyweds

Recent research from Roy Morgan indicated that married couples experienced less incidence of stress, anxiety and other mental illnesses than any other type of relationship — even de facto couples. But try telling that to anyone who is going through the financial nitty gritty that comes with getting married!

You don’t just share your love with another; in many cases you are also sharing your savings accounts – and often debts, which can be an intimidating process. With this in mind, let’s have a look at some handy tips for newlyweds and how you can both be smart and stress-free with your finances.

You don’t need to go all in

While many couples do pool all of their finances together, it isn’t always necessary. What many people do is have a joint savings account, as well as each party’s individual account. Once your living costs are determined, you can decide to deposit a certain amount each week into this.

As you’re getting married, it is fair to say you and your partner have established trust, and will have no problem sharing funds in this way. Remember that a joint high interest savings account will also only incur one set of bank fees, which may be more appropriate for you than paying two sets of these with separate accounts.

Make the right considerations

While same sex marriage is yet to be approved on a federal level, many couples will have an inherent financial imbalance based on gender. The Australian Bureau of Statistics’ trend results for average weekly earnings found that the average weekly total earnings for men were $1,678.80. For women, this figure was $1,307.60.

If this is the situation in your relationship, consider talking through with your partner what each person’s contributions towards a joint credit card or your regular bills will be. It’s something that will be different depending on your exact situation, but is worth the discussion. It may also be worth chatting to your accountant about ways to make the most of a  benefit at tax time.

Settle on a common goal

Have you already purchased a home as a couple, or are perhaps considering a home loan to do so? Whatever your long term goals are, make sure you’re on the same page. Saving for a honeymoon may be one party’s goal, while the other may believe putting funds aside for a first home deposit is more important.

Open discussion about financial goals and a clear goal-setting scheme is key. You’re both in this together, and should work towards a common financial goal. This doesn’t mean putting your own dreams by the wayside, however. You can have your individual financial goals as well!

Update your insurance

Whatever your insurance policy or estate planning is before you get married, it will likely need to be updated now that your living situation has changed. Your will, power of attorney, insurance policy and superannuation contributions will all need to be looked at in a new light.

Your premiums may change too. This is all part of the process: Your budgeting is going to change significantly.

Consider your credit card options

Give your credit card a health check and see how yours stacks up to the competitors by using our credit card comparison tools. Many credit card providers give you the option of taking out a second piece of plastic for use by family members, which may mean paying fewer fees. When you get married, you may wish to take up this option so you both have access to certain accounts.

Getting married is a big step, and we’re sure you’ve thought through everything. But it doesn’t hurt to double check, especially when it comes to your finances. Set your goals together, compare savings accounts, incomes and goals, and enjoy a fruitful life achieving your dreams! And as always, don’t forget to shop around for the right savings account, home loan or credit card.

Scotiabank Gold American Express Credit Card Review

Hey everyone, thanks for joining me for this week’s review! Today, I’m going to bring it back to Canadian credit cards with the Scotiabank Gold American Express credit card. This one has gained a bit of buzz lately in the blogosphere. So, I figured I’d review it to see what it was all about. As always, this is going to be a nothing held back review! You’re about to learn the good, bad and ugly for the Scotiabank Gold American Express travel rewards credit card!

Scotiabank Gold American Express Credit Card Short Review

Scotiabank Gold American Express Credit Card Pros – If you’re looking for a credit card with a decent size spending limit, you’ve found it here. The maximum spending limit for this card is $5,000! Also, it has a pretty low annual fee, weighing in at only $99. However, the biggest perks associated with this credit card is the rewards. You can earn up to 4 Scotia Rewards points on qualifying purchases (I’ll go over what that means in the long review below), and 1 point for every standard purchase. You’re able to redeem the rewards for travel purchases, gift cards and more. It really is a great rewards program.

Scotiabank Gold American Express Credit Card Cons – The interest rate is a bit high, but that’s to be expected when it comes to any rewards credit card. However, this isn’t the highest interest rate out there for sure, and there are ways to avoid the interest when using rewards credit cards. I’ll explain the best way in my long review.

Scotiabank Gold American Express Credit Card Overall – Overall, this is a great credit card. The lender behind it is a trusted one, it comes with great rewards, a great spending limit, and an annual fee that’s lower than most of the competition. The only draw back is the interest rate. However, when it comes to rewards credit cards, we come to expect higher than average interest.

Scotiabank Gold American Express Credit Card Long Review

OK, now it’s time to dig deep into the details. Because the most important factor of a credit card for most people is cost, that’s where I’ll start. First off, the Scotiabank Gold American Express Credit Card comes with a $99 annual fee. In line with it’s competition in the travel rewards credit card industry, this one definitely stands out as one of the lower fee options. At least when it comes to the annual fee. The interest rate on the other hand, well, it kind of blends in with the rest.

The standard interest rate on this card is 19.99%. It’s not incredibly high, however, it’s not the lowest either. I’d call it average. However, if you own credit cards, you know that standard interest rates aren’t the only interest rates you should be concerned with. Cash advance and balance transfer interest rates may come into play depending on how you decide to use your new card. That being said, on the Scotiabank Gold American Express card, these rates are both 21.99%.

I promised that I would explain to you how you can avoid interest entirely, and here it is. It’s simple, pay your balances off as soon as you create them. Interest only can be charged to you if you carry a balance past the grace period. If you pay your credit card balance off every time you get paid, chances are, you’ll fall well within that grace period and never pay a dime in interest on your debts.

Now, let’s talk a bit about rewards. After all, if it wasn’t for the incredible rewards it offers, chances are, you wouldn’t be interested in this card. The Scotiabank Gold American Express card rewards operate on Scotia Rewards points. They work just like any other rewards program. Spend money, earn rewards! However, it’s how quickly you can accumulate these points and how much you can redeem them for that makes this rewards program so valuable.

With the Scotiabank Gold American Express Credit Card, you can earn up to 4 Scotia Rewards points for entertainment, gas, grocery store, and dining purchases. That covers most of what we all buy on a regular basis! So, on the vast majority of your purchases, you could be earning 4 Scotia Rewards points. Of course, outside of these categories, you’ll still earn Scotia Rewards points. As a matter of fact, you’ll get 1 for every dollar spent!

Once you’ve accumulated enough points, it’s time to redeem them, but what can you redeem them for? This is a travel rewards program. That being said, you can redeem your points for qualifying travel based purchases, like airfare. You also have the option to redeem the points for gift cards and other miscellaneous rewards.

Finally, let’s talk about the bank itself. The truth is, it doesn’t matter how good the perks are printed out to be if the company is known for not fulfilling it’s promises. That being said, Scotiabank is one of the leading lenders in Canada. They’ve made a name for themselves as having some of the best customer support surrounding their very secure products. When it comes down to it, there are few to no lenders that are better than Scotiabank.

Should You Apply For The Scotiabank American Express Card?

Well, that all depends on you. What are you looking for from your credit card? Are you financially responsible enough to pay your bill completely off every time you get paid? How often do you travel? The bottom line is, if you want a credit card with a good spending limit and great travel rewards, you’ve found it! However, with great perks come great costs if you’re not careful. That being said, the Scotiabank American Express Card card is reserved for financially sound individuals.

Five Financial Tips for Newlyweds

Recent research from Roy Morgan indicated that married couples experienced less incidence of stress, anxiety and other mental illnesses than any other type of relationship — even de facto couples. But try telling that to anyone who is going through the financial nitty gritty that comes with getting married!

You don’t just share your love with another; in many cases you are also sharing your savings accounts – and often debts, which can be an intimidating process. With this in mind, let’s have a look at some handy tips for newlyweds and how you can both be smart and stress-free with your finances.

You don’t need to go all in

While many couples do pool all of their finances together, it isn’t always necessary. What many people do is have a joint savings account, as well as each party’s individual account. Once your living costs are determined, you can decide to deposit a certain amount each week into this.

As you’re getting married, it is fair to say you and your partner have established trust, and will have no problem sharing funds in this way. Remember that a joint high interest savings account will also only incur one set of bank fees, which may be more appropriate for you than paying two sets of these with separate accounts.

Make the right considerations

While same sex marriage is yet to be approved on a federal level, many couples will have an inherent financial imbalance based on gender. The Australian Bureau of Statistics’ trend results for average weekly earnings found that the average weekly total earnings for men were $1,678.80. For women, this figure was $1,307.60.

If this is the situation in your relationship, consider talking through with your partner what each person’s contributions towards a joint credit card or your regular bills will be. It’s something that will be different depending on your exact situation, but is worth the discussion. It may also be worth chatting to your accountant about ways to make the most of a  benefit at tax time.

Settle on a common goal

Have you already purchased a home as a couple, or are perhaps considering a home loan to do so? Whatever your long term goals are, make sure you’re on the same page. Saving for a honeymoon may be one party’s goal, while the other may believe putting funds aside for a first home deposit is more important.

Open discussion about financial goals and a clear goal-setting scheme is key. You’re both in this together, and should work towards a common financial goal. This doesn’t mean putting your own dreams by the wayside, however. You can have your individual financial goals as well!

Update your insurance

Whatever your insurance policy or estate planning is before you get married, it will likely need to be updated now that your living situation has changed. Your will, power of attorney, insurance policy and superannuation contributions will all need to be looked at in a new light.

Your premiums may change too. This is all part of the process: Your budgeting is going to change significantly.

Consider your credit card options

Give your credit card a health check and see how yours stacks up to the competitors by using our credit card comparison tools. Many credit card providers give you the option of taking out a second piece of plastic for use by family members, which may mean paying fewer fees. When you get married, you may wish to take up this option so you both have access to certain accounts.

Getting married is a big step, and we’re sure you’ve thought through everything. But it doesn’t hurt to double check, especially when it comes to your finances. Set your goals together, compare savings accounts, incomes and goals, and enjoy a fruitful life achieving your dreams! And as always, don’t forget to shop around for the right savings account, home loan or credit card.

Five Financial Tips for Newlyweds

Recent research from Roy Morgan indicated that married couples experienced less incidence of stress, anxiety and other mental illnesses than any other type of relationship — even de facto couples. But try telling that to anyone who is going through the financial nitty gritty that comes with getting married!

You don’t just share your love with another; in many cases you are also sharing your savings accounts – and often debts, which can be an intimidating process. With this in mind, let’s have a look at some handy tips for newlyweds and how you can both be smart and stress-free with your finances.

You don’t need to go all in

While many couples do pool all of their finances together, it isn’t always necessary. What many people do is have a joint savings account, as well as each party’s individual account. Once your living costs are determined, you can decide to deposit a certain amount each week into this.

As you’re getting married, it is fair to say you and your partner have established trust, and will have no problem sharing funds in this way. Remember that a joint high interest savings account will also only incur one set of bank fees, which may be more appropriate for you than paying two sets of these with separate accounts.

Make the right considerations

While same sex marriage is yet to be approved on a federal level, many couples will have an inherent financial imbalance based on gender. The Australian Bureau of Statistics’ trend results for average weekly earnings found that the average weekly total earnings for men were $1,678.80. For women, this figure was $1,307.60.

If this is the situation in your relationship, consider talking through with your partner what each person’s contributions towards a joint credit card or your regular bills will be. It’s something that will be different depending on your exact situation, but is worth the discussion. It may also be worth chatting to your accountant about ways to make the most of a  benefit at tax time.

Settle on a common goal

Have you already purchased a home as a couple, or are perhaps considering a home loan to do so? Whatever your long term goals are, make sure you’re on the same page. Saving for a honeymoon may be one party’s goal, while the other may believe putting funds aside for a first home deposit is more important.

Open discussion about financial goals and a clear goal-setting scheme is key. You’re both in this together, and should work towards a common financial goal. This doesn’t mean putting your own dreams by the wayside, however. You can have your individual financial goals as well!

Update your insurance

Whatever your insurance policy or estate planning is before you get married, it will likely need to be updated now that your living situation has changed. Your will, power of attorney, insurance policy and superannuation contributions will all need to be looked at in a new light.

Your premiums may change too. This is all part of the process: Your budgeting is going to change significantly.

Consider your credit card options

Give your credit card a health check and see how yours stacks up to the competitors by using our credit card comparison tools. Many credit card providers give you the option of taking out a second piece of plastic for use by family members, which may mean paying fewer fees. When you get married, you may wish to take up this option so you both have access to certain accounts.

Getting married is a big step, and we’re sure you’ve thought through everything. But it doesn’t hurt to double check, especially when it comes to your finances. Set your goals together, compare savings accounts, incomes and goals, and enjoy a fruitful life achieving your dreams! And as always, don’t forget to shop around for the right savings account, home loan or credit card.

How to Prevent Credit Card Fraud

If you use credit cards it is essential that you know how to protect yourself from credit card fraud.  It won’t always be as easy or obvious as large cash advances appearing on your monthly statement. It can be as subtle as a gas purchase that looks like yours. There are certain things that one can do to minimize the risk of credit card fraud.

Tips to help you prevent credit card fraud

  • Know your numbers – Make a list of your credit card numbers and store them in a safe place. Many credit card companies do not list the account number on your statement and use the last four digits of the card for identification purposes. If you lose your card you will need this information to close the account.
  • Pick one, store the rest – If you have several cards pick one to carry and use and store the rest in a safe place for other major purchases. This will eliminate the loss of all your credit cards if your wallet or purse is stolen or lost.
  • Don’t hand it over – Credit card theft happens in various ways. You lend your card to a family member or friend and then later discover that they used the card for purposes other than what you authorized. If you allow a merchant to remove the card from your sight when it is being processed they can extract the account information with a credit reader and use the number to make illegal purchased on your card. Always maintain positive control of your card when it is in use.
  • Read your statement – The only way to know for sure what charges were made on your card is to read your statement. If you do not check your statement carefully you might have charges on your card that you did not make or authorize.
  • Report inconsistencies – If you see an entry on your statement that you do not recognize you may want to contact the vendor to check and see if the purchase was legitimate. If you are unable to resolve the matter with the vendor be sure to report the charge to your credit card company for resolution.

 

Shopping with credit card

Most women love to shop. This is especially true if there is a sale. Women, and a lot of men, have a difficult time passing up a good sale. Besides shopping can be a great stress reliever after a long day at work.

One needs to exercise some caution when out in public. There are a lot of unsavory people in the world and some of them do prey on women in public. They believe that women present a soft target. That is why carrying a lot of cash is not necessarily a good thing to do. There is less risk of a financial loss if your credit cards are stolen. Most cards are either insured or limit the liability of the cardholder in the event the cards are stolen. If you do not have any credit cards or if you are interested in obtaining a new card you can contact use Kredi Karti Basvurusu or Kredi Kartlarin Karsilastirilmasi.

There are a number of advantages to using these services, but the offer is for a limited time.

Credit Card, an Easy Way to Pay

Credit Cards

Using a Credit card is a common practice these days. A lot of people use credit cards  as a way to buy something they really need. It’s very easy to find a credit card vendor as they are usually looking for you. There are many advertisements on the internet about credit cards and one popular vendor is  paypal.

They have so many customers all over the world and they offer the best products  for you. Before you choose one of them, you have to know more about the product details like visa. There are also ATM machines that are available so you don’t have to carry cash with you wherever you go. You can just use your credit card in an ATM machine almost anywhere in the world, and have ready cash to use for your purchases.

So, a credit card is another option you have to manage your money. You can use it for many purposes. To choose the right credit card vendor is not really hard to do and what you need to do is know their credit card processing. This is how a new era of money management can work for you.

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