Connect with us

BUSINESS

6 Ideal Times to Apply for Credit Cards

Avatar

Published

on

Credit Cards

6 Ideal Times to Apply for Credit Cards

 

For most of the things to work out, timing is the key. That’s true for credit cards as well. Applying for a credit card at the right time will ensure maximum rewards. Sometimes limited-time bonus may tempt a customer to apply for a credit card, but that doesn’t mean that is the correct time for them to apply for a credit card.

Prior to applying for a new card, one must think about why they need a new card? Is it to take benefit of a financial offer or the temptation of promised rewards by spending a particular amount of money within a time frame. All these bonuses are great, but the cardholder must be able to fully pay off the card at the end of the billing cycle. Apart from the added joining bonuses, one must also consider the purpose for which this particular card will be used. That can help in choosing the correct type of card out there.

Whether it is the first credit card or fifth, one must always be patient and make a thoughtful decision. The right time to apply for credit cards varies from individual to individual. To help customers decide whether this is the correct time for them to apply for a credit card, here is a list of 6 ideal scenarios where applying for a card is a sensible thing to do.

  1. When you Turn 18

When it comes to building financial credit, the best time to start is as soon as possible and 18 is the minimum age to apply for a credit card. Financial experts suggest young people to start building credit early, it also helps them in applying for a bigger loan in the future. For students out there, a College student credit card is a suitable option. Some of the banks have additional perks and incentives for students.

 

  1. Build or Rebuild Credit  Card

If an individual has less than perfect credit score, getting a secured credit can help rebuild the credit score. These cards are geared for people with less than stellar credit scores and provide much better qualifying chances than a general card would. With secured credit cards, the deposit can be paid upfront as collateral. The cardholder would need to pay monthly card bills, but having a deposit on hand in case things don’t go well reduces the lender’s risk. But these cards tend to have smaller credit limits with more fees, so its important to research your options before applying for any card hastily.

  1. When you Plan on making a Big Ticket Purchase

Whether it is the much-awaited family vacation or some minor house repairs, a credit card offering the right kind of perks can be beneficial in reducing the cost or help save up on the dreaded interest. Some banks offer various perks on interest rates in the initial 1 year of the purchase or sign-up bonuses. Making a huge purchase will enable the cardholder to become eligible for claiming the bonus. Ensure that the bonus received is non-taxable. However, these additional perks aren’t available to everyone, having a strong credit score plays a crucial role.

 

  1. To Get Out of Debt

An individual with huge high-interest credit debt can opt for a balance transfer offer. This enables the cardholder to transfer the high-interest debt to balance transfer credit card with no interest for the introductory period. This allows the cardholder to quickly pay off the debt since the full payment goes towards repaying the principal amount and not the interest. The only drawback here is that this card comes with a transfer fee of 3% – 5%. So, be wise in deciding to take up the transfer offer and make ensure that it is worthwhile.

  1. Good Welcome Bonus

Credit card companies often offer a limited-time bonus or some exclusive bonus coupled with the basic rewards in the first few months of opening the account. But the catch here is to spend a predecided amount of money to become eligible for such bonuses. This will be a great option if someone is looking to make a huge purchase in the near future. Customers should be thoughtful before making any decision rather than getting enticed with the offered bonuses. The credit card should be a good fit for the holder if they can easily afford the spending requirements.

 

  1. You’ve Been Preapproved credit card

Many financial institutions offer a pre-qualification form that lets an individual gauge their chances of qualifying. Applying for multiple credit cards can be detrimental for credit score but applying for the pre-qualification form does not impact the credit score. It helps in narrowing the pool of credit card providers and chose the best one. While applying for a regular credit card, the bank has the authority to look at credit history which impacts the credit score. Although, pre-qualifying doesn’t guarantee approval of credit card, post this the bank will do a thorough credit check and make a final decision.

Credit Cards

The financial decision to apply for a credit card is an important one just like buying a car or a house. You don’t buy the first car or house you come across, then why do it with your credit cards. Make a wise choice that suits you now and years to come.

 

 

Continue Reading
Advertisement

BUSINESS

How the Coronavirus Impacts on Local Pawnshops for Increased Profit

Umar Nisar

Published

on

How the Coronavirus Impacts on Local Pawnshops for Increased Profit

Since the pandemic Coronavirus broke down, people’s lifestyles have been changed drastically. You are not the same person you used to be a year ago. A lot has changed, including your living and small details of your personality. Though most businesses fail to rise during this pandemic, the pawnshop business increases significantly with an enormous profit.

This article is all about how this pandemic Coronavirus opened the door for pawn dealers within a few months.

The Coronavirus horror hasn’t gone away till now; however, it’s been more than a year already. People are still looking for solutions to get rid of the losses they’ve encountered during this situation. Many of them have survived, and the rest is struggling with all of their hearts.

Pawnshops, in that case, are one of the top leading businesses that hold onto the situation. People are looking forward to going more to local pawnshops for buying and selling old stuff. Since everyone is struggling in this period, they want things at a cheap rate. 

The income sources are now blocked in most cases. Those who used to earn a lot now can barely bear daily expenses. This is why they’re moving on by selling their precious items at a pawnshop. Gold, diamond, silver, designer bags, watches, etc., are easily found at local Sydney Pawn Shop.

The thing is, the lockdown situation in almost every state or city has made people’s lives miserable. They couldn’t run the business on their own. The production was closed, and the entire economy collapsed. The only way to lead a life in that period has been selling old or unused items. And pawnshops have been there for the people.

Not only selling stuff, but people also have taken loans from pawn stores since they offer instant cash. If you don’t know much about pawnshops already, check out this site sydneypawnshop.com.au.

It has been found that people also buy electrical items, such as TV, gaming set, and other home entertaining products from a pawnshop. It is because the lockdown in the pandemic has made people stay at home with family. They have looked for ways to spend time in the best way they could make. So, buying these entertaining things at a cheap rate from a pawnshop couldn’t be a wiser option. 

Besides, local pawnshops are in a high rising situation for increased business because people wouldn’t go out too far for the Coronavirus. They would meet their requirements and daily living within their residence. So, the profits all went to the local stores. 

However, pawnshops offer a high-interest rate for loans. People look for buying and selling unused products here, especially those they don’t need for now. This pandemic Coronavirus has made our lives challenging, but at some point, we are becoming more organized to lead our lives. It is necessary to be realistic once in a while for a better living.

Continue Reading

BUSINESS

10 Web Design Statistics Every Business Should Know

Umar Nisar

Published

on

10 Web Design Statistics Every Business Should Know

Here are some interesting and carefully selected web design industry statistics.

1. Design has a 75% influence on a website’s credibility.

(Source: Web FX)

Web design stats for 2020 indicate that many customers are skeptical about a website with poor design. Website design is so robust that customers can conclude on a business’s legitimacy just by glancing over its website.

2. Websites that load slowly lead to a $2.6 billion loss in revenue every year.

(Source: Web FX)

Take it or leave it – people are generally impatient. According to website design industry stats for 2020, customers take just 15 seconds to decide about a purchase. This means that a slow-loading website will affect this decision negatively, thereby reducing the number of new customers.

3. Users spend an average of 5.94 seconds looking at a website’s main image.

(Source: SWEOR)

To make a lasting impression on a customer, a company’s website needs to have a beautiful, simple, yet well-detailed main image that communicates the brand effectively at just one glance. 

4. 88% of online consumers will not return to a website following a bad experience.

(Source: SWEOR)

An unattractive website, at first sight, is bad business. Website facts for 2020 show that even for well-designed websites, only a very few visitors are patient enough to give their content a chance.

5. 74% of users will likely return to mobile-friendly websites.

(Source: Web FX)

According to mobile-friendly website statistics, users prefer websites that are easily accessible on mobile devices. Reports show that as of April 2019, about 4.2 billion of the 4.57 billion active users of the internet use their mobiles. What’s more, 57% of internet users claim that they cannot recommend a business with a website that’s not mobile-friendly to anyone. 

6. On average, users spend 5.59 seconds on a website’s written content.

(Source: SWEOR)

This is just enough to convey a brand’s positive image. Web design facts for 2020 show that revealing content in a step-by-step approach is more effective than flooding people with content. A step-by-step approach means that the user can find more useful material by exploring more of the website if need be.

7. Pages with videos keep users on them for 88% longer.

(Source: Web FX)

Videos have been proven to get people’s attention better than images and texts. Animated videos are viral among both users and designers because of their attractiveness and liveliness. Overall, videos increase the engagement of customers with a website page and can influence purchasing decisions. 

8. 85% of shoppers say that color is a primary factor that affects their purchasing decisions.

(Source: Crazy Egg)

Reports go further to tell us that 66% of customers claim that they won’t buy products that do not come in their color of interest. People are naturally sentimental about colors. It is, therefore, essential that a website has the perfect colors to suit different images on a page. 

General Website Design Statistics

Representation is super important when discussing website design.

Here are the most important 2018 to 2020 website design facts you need to be aware of.

9. 48% of people cited a website’s design as the number one factor in deciding the credibility of a business.

(SourceBlue Corona)

That’s almost half of all users!

Your website will reflect the impact on your target audience. It is the image you project for all to see. People will know you through it and will judge your company by the quality of your website.

10. 8 out of 10 consumers would stop engaging with content that doesn’t display well on their device.

(SourceIronpaper)

Now that’s good news!

There are so many reasons to invest in your website. And now you have added one more in your basket of muffins – content formatting that looks good on every device will be highly appreciated by 80% of users.

Continue Reading

BUSINESS

Where to buy remote control all metal excavator model; Huina 1580 RC Excavator

Umar Nisar

Published

on

What are remote Control Machinery

Radio-controlled machinery (or RC machinery for short) are smaller than usual model machinery or trucks that can be controlled from a good ways utilizing a particular transmitter or distant. The expression “RC” has been utilized to mean both “far off controlled” and “radio controlled”, where “far off controlled” incorporates machinery that are constrained by radio, infrared or an actual wire association (the last is currently outdated). Normal utilization of “RC” today ordinarily alludes just to machinery constrained by radio, and this article centers around radio-controlled machinery only.

Machinery are controlled by different sources. Electric models are controlled by little however amazing electric engines and battery-powered nickel-cadmium, nickel metal hydride, or lithium polymer cells. There are additionally brushed or brush less electric engines – brush less engines are all the more remarkable and proficient, yet additionally substantially more costly than brushed engines.

Remote control all metal excavator model; Huina 1580 RC Excavator

The professional heavy duty excavator toy model Huina 1580 RC Excavator is the most realistic model of an excavator. Built on a

1:14 scale and its powerful motors, and the heavy tracks, all functions are possible with this extremely powerful and well-built heavy duty construction tractor excavator. The 23 channel construction truck is not a small kid’s toy, it can really dig in any direction with the powerful separate motors on its digging arm and with its heavy duty steel shovel, transport dirt, sand, etc. from one location to another or onto a dump truck. Excavator moves forward, backwards, right, left, and cab turns in all Degree rotation. No limit to any direction.

The Construction toy excavator is equipped with a powerful 2.4 GHz transmitter which enables you to operate at a distance of at least 50m.The RC excavator tractor not only looks like a real excavator, but it is also as durable as a real excavator. Since the remote tractor is also extremely detailed in design it can be displayed beautifully as an excavator model, with realistic excavator lights and sounds, it makes it even more fun to play with on your construction site setup.

Where to buy remote control all metal excavator

Huina Construction Toys is one of the global leaders for advanced high-end scale construction toys. Their commitment is to provide a wide range of high quality construction toys at a stunning factory direct prices, along with a class-leading customer service experience to Their worldwide community of customers. Their products are manufactured in Shanghai China and they are stocked in different part of the world; USA, Europe and Australia.

Their website is available in multiple major currency to cater to their continually expanding international customer base. Whether you’re a personal buyer in any part of the world looking for the best construction toys or best gift ideas for your child or grandkids then here is the perfect place for you. They offer factory direct prices, fast delivery and dedicated professional service – all underpinned by the strength of their global outreach. Huina Construction Toys also distributes for wholesalers, retailers and dropshippers at a safe source of abundant, stable and good price.

Top 4 Reasons to shop with them

  • 6 months warranty on all their products
  • They have their product stocked in different part of the world; Australia, USA and Europe
  • High Quality and affordable Construction Toys.
  • Free and fast delivery on all orders to USA, Australia and Europe.
  • 24/7 live chat support and customer service.

Continue Reading

Trending

%d bloggers like this: