How to use a Citi Card for Balance Transfers

There are a number of balance transfer cards on the market today, and some of them are better than others. The rates and fees for these cards vary considerably, which is why it's important to compare your options to find the perfect credit card for you. If you're looking for a balance transfer card with a long introductory period, Citi Diamond Preferred is the perfect choice for you. Let's take a closer look at how to use the Citi Diamond Preferred card for balance transfers. Resources: lacounty , wikipedia , Broward.edu Why Citi Diamond Preferred a Great Balance Transfer Card Unlike most balance transfer cards that have a 12, 15, or 18 month introductory period, Citi Diamond Preferred has a 21 month intro period. For the first 21 months you own the card, you will not incur a balance transfer fee. After that time, the fee goes up to $5 or 3%, whichever one is higher....
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How to Manage Employee Accounts for Business Credit Cards

As a business owner, you may eventually want your employees to have access to your business credit card. Rather than making them take turns with the primary card, you can open secondary card lines that tie into the main account. This gives you a chance to monitor how your employees use your card, and it keeps all of your business transactions in one simple location. Resources: Trinity edu , UMN , SBA In the guide below, you will learn how to manage employee accounts for business credit cards so you can protect your finances. Request Receipts for All Transactions Collect receipts from your employees for all transactions on the card. This will give you a detailed look at what your employees are spending money on. The top credit card statements you can see online will only tell you where the money was spent and how much the transaction was. They will not itemize the transactions like a receipt...
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Building Business Credit with Credit Cards

As a business owner, you have the opportunity to put loans and credit cards in your business's name. In order to do that though, you need to have some form of business credit for the banks to look at. One of the easiest ways to build credit for your company is with a business credit card. While the idea of using credit to build credit may seem a little farfetched, the process is actually fairly simple. Let's take a look at how to build business credit with credit cards so you can prepare for your future. Resources: IRS , nv gov , utah.gov , ftb.ca.gov What's the Purpose of Business Credit? Much like personal credit, business credit can be used to apply for loans, credit cards , leasing agreements, and more, all in the business's name. Even if you are a sole proprietor with no employees, there may come a day when you want to get a...
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How Credit Cards Can Lower Your Travel Costs

Despite the stigma that credit cards create debt, they can actually be tools for saving money – assuming you know how to use them properly. By understanding how your card works and how to spend money on it, you can quickly cut down your travel costs just by spending money like you normally would. In this guide, we will go over how credit cards can lower your travel costs so you can save money on your next vacation. Resources: discover , delta , huffington post It All Starts with the Right Credit Card sources: usa.gov , consumerfinance , fdic A good travel credit card with a strong rewards program is the key to saving money on travel expenses. The best travel credit card for you may not be the best card for someone else, so it's important to think about your personal needs. When you start comparing credit cards, look for: How you earn rewards – Will your spending fit in...
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Should I Get a Small Business Credit Card?

If you're a small business owner, you may have recently been bombarded with credit card offers for your business. These offers can be both tempting and terrifying if you have never had a small business credit card before. Determining whether or not to follow through with these offers is a matter of personal preference, but there are some things you need to know before you take the dive or ignore the option completely. Should you get a small business credit card? Let's answer some questions to find out… Why Businesses Get Credit Cards There are a number of reasons why you may benefit from a small business credit card. You can: Use it to build business credit Use it as a source of business funding Use it to monitor funds for your business Use it to allow employees to make charges to your account Use it to make reservations and payments in your...
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How to Avoid Getting Your Credit Card Declined While Traveling

There's nothing worse than creating a scene at a store because your credit card got declined. It's an even worse experience when it happens in a foreign country. Nevertheless, this is a fairly common occurrence as credit card companies attempt to block unauthorized transactions. If they don't know you're in another country, they may assume an out-of-the-ordinary transaction is from someone else stealing your identity. If you want to avoid this mess in the first place, check out this guide explaining how to avoid getting your travel card declined while traveling. Let Your Credit Card Company Know about Your Plans Before you set sail for Europe , Asia , South America , or wherever else you plan to go, let your credit card company know about your upcoming trip. They will put a note in the system that says you're going to be in another location so transactions from that area do not get flagged. Even...
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How to Get Rid of Business Credit Card Debt

There is a reason why 50% of American small businesses close within the first year. It's because many small business owners are not able to keep themselves out of debt long enough to keep their companies afloat. If you have accrued a large amount of business credit card debt, you may want low interest credit cards . Luckily, there are some steps you can take to get rid of business credit card debt and put your financials back on track. Read on to learn what you can do to run your business debt-free. Expert Resources: FTC , Open.edu , Extension , Debt Determine What You Can Afford to Pay How much money can you realistically put toward your credit cards each month? Is there anything you can do to your budget to open up more funds for debt repayment? Only you truly understand what your financial abilities are. The thing you have to keep in mind is that you need to pay more...
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