Benefits of Having a Credit Card

by John Stevenson on February 15, 2015

It is very helpful when you can get credit easily as it enables you to purchase whatever you desire minus the trouble of keeping loads of cash. It also enables you to satisfy any current requirement despite the lack of money at that time.

So when you are out somewhere and you do not have instant cash available, you can always use your credit card to get a room in a hotel or to buy an airline ticket on a very short notice. Due to this reason credit cards are very common in the developed states. Also, carrying a credit card with you instead of too much cash in your wallet prevents you from losing a lot of money when mugged. dog

But, what exactly can you use a credit card for?

The options are unlimited and numerous. A credit card can help you with anything from reserving a hotel room to a place at the restaurant. It also enables you to purchase whatever you like without caring about the money accessible to you at that time.

Nevertheless, the habit of paying for everything through credit cards has its disadvantages. People tend to get so caught up in the habit to use credit cards for purchases that they often get themselves into a disastrous situation of unpaid debt. See a list of the Top 6 Credit Cards for Bad Credit in Canada. The reason is that these people keep on buying expensive things on credit and do not care about the accumulating costs in the process. Hence, it is advisable to be cautious while using your credit card to purchase things.

Moreover, keeping a credit card ready also means that you don’t have to go to the trouble of leaving your house to buy something. You can just sit on your couch, pick up a phone or use your laptop to go online, find the item you are looking for and pay for it using a credit card.

Apart from the ease to buy things, having a credit card also allows you to keep aside some amount that you possess so as to deal with an unanticipated situation. Thus, by paying through credit cards for your daily expenses, you can save some money to maintain an account for unexpected circumstances. Moreover, credit cards also have a reward program which may allow you to earn rewards and discount bonuses. These rewards are usually earned by using credit cards for everyday items such as getting gas for your car, getting groceries for your household etc.


{ Comments on this entry are closed }

Investing in Senior and Junior Silver Miners

by John Stevenson on January 27, 2015

If investing in senior and junior silver miners, you should know what these types of miners have to offer in terms of value and risk. In the area of senior mining, investors can look at income statements and balance sheets and make a fairly good judgment about the company’s value. The situation is different with junior miners where buying silver stock requires looking at charts, the company’s properties, getting to know the management body, and so on. In many of these cases, there is no way of knowing whether a junior miner will make a discovery or not. Some investors just rely on their intuition, but experts recommend gathering as much information as possible. If the management body has done something worthwhile in the small mining sector or in exploration, one can get a feel as to how the company is run.  Another indicator of a sound company is if its management had run or discovered a profitable mining site in the past. manNaturally, investors also want to look at the cash balance and cash flow of junior mining companies. While some of them may have good projects, if their burn rate is three hundred thousand per month, with just under a million in the bank, they will go broke in a couple of months. Unless they find additional financing, this is a likely scenario. One question to ask a junior miner is how long they will be able to stay in business if things do not pick up as expected.

Another important issue is whether the property or project they develop has any potential. Of course, you are likely to get estimates and there is no guarantee that the actual quantities of silver will match these. In fact, geologists, financial controllers, and the management alike will be keen on offering good estimates as to attract investors. While potential is one thing, especially on paper, exploration is not always feasible. For example, the infrastructure costs may be too high or the region may be hard to access, even though the drill results are decent. The situation is different with senior mining companies. Senior miners are more experienced, larger mining companies that own and run existing mines. Given that their mining sites are already established, it is easier for investors to assess how well the miner is going to perform. This comes with fewer surprises and a degree of consistency when it comes to stock prices. Junior mining companies, on the other hand, have to identify different mining sites and explore their potential. There is always a risk that exploration will not result in actual discovery. This can turn quite costly not only for the junior miner but for its investors as well. When a junior mining company opens a mine and begins exploitation, it will often sell the site to a larger and more experienced miner as to ensure higher returns. If the company does not have money to open the mine, however, this is a sure sign of financial losses.


{ Comments on this entry are closed }

Everyday and Specialty Cards

December 15, 2014

CIBC offers the full suite of business and consumer banking products and investment vehicles. Clients of CIBC choose from mortgage and unsecured loans, credit cards for different credit profiles, and other products. Retail and Rewards Cards and Added Benefits Customers can choose from different credit cards that allow purchases in Canadian dollars or U.S. currency. […]

Read the full article →

Eligibility and Information Required for Students

December 3, 2014

The main benefit to holding a student card is better purchasing power. While financial institutions advertise multiple benefits, customers pay foreign purchase transaction, late payment, and other fees. A prepaid card is one alternative, and the main benefit is that interest is not assessed. Banks and unions advertise student credit cards with bonus points on […]

Read the full article →

Rewards Cards for Business Owners

November 23, 2014

Scotiabank offers convenient banking and borrowing tools such as currency and account services, credit cards, and lines of credit. Cards come in different versions, including student, low interest, cashback, and others. Scotiabank features cards by American Express and Visa and offers perks such as travel benefits, special promotions, extended interest-free periods, and many others. Customers […]

Read the full article →

Airmiles Cards with Exclusive Benefits and Points toward Short and Long Haul Flights

November 14, 2014

Airmiles cards are offered by Canadian credit unions, small banks, companies, and big banks such as CIBC, Toronto-Dominion, Royal Bank of Canada, and others. Specialty cards offer perks and exclusive benefits such as sign-up bonuses, frequent travel programs, travel statement credits, miles back, and affordable interest rates. Benefits for Cardholders Customers enjoy premium benefits such […]

Read the full article →

A Range of Services by TD

November 4, 2014

Customers of TD Bank are offered a wide array of banking and borrowing solutions, investment products, treasury management, and more. Individual and business clients are offered lines of credit, commercial mortgages, and small business financing. Clients are offered standard, secured, and rewards cards with cash rewards and competitive rates. There are specialty cards that earn […]

Read the full article →

Rewards, CashBack, and Other Prepaid Cards

October 27, 2014

There are prepaid cards for online shopping, better sense of control, and financial flexibility. Types of Prepaid Credit Cards Clients are offered standard and student prepaid cards, and the latter are designed to control spending. Gift cards are one option to give money to friends, relatives, and family. Youth cards are offered to parents to […]

Read the full article →

Consumer Credit Cards

October 15, 2014

Customers are offered plenty of choice, from commercial mortgages and business loans to specialized banking, accounts, and credit cards. The bank features different types of cards, including premium, standard, student, and others. Rewards Points Specialty cards feature premium flight discounts and points redeemable for merchandise, including wireless speakers, blankets and duvets, headphones, and more. Clients […]

Read the full article →

Credit Cards for Exclusive Experiences, Promos, and Membership Rewards

October 5, 2014

With a selection of business and personal banking tools, Capital One offers business, investment, and borrowing solutions : The bank features popular small business and consumer cards with introductory interest rates, unlimited cash rebates, bonus miles, and other added benefits. Credit Rating and Options The bank requires that customers provide their social insurance number to […]

Read the full article →