Connect with us

Tech

10+ Advantages and Disadvantages of Credit Cards in Points

Published

on

advantages and disadvantages of Credit cards

Have you heard about credit cards? Today we are going to discuss some advantages and disadvantages of Credit Cards. Well friends it is the service provided by the bank to their customer and account holders to make it and use it in any emergency or when you are out of cash. But you must have to pay later with interest so at one side there are many advantages of credit card on the other hand there are many disadvantages of credit cards. You can try best money lender in Singapore.

 

advantages and disadvantages of Credit cards

What are the Advantages of Credit Cards?

The advantages of credit cards are numerous. There are many advantages to credit cards other than being able to use them to make purchases. Here are just some of the top reasons to enjoy the benefits of credit cards:

  1. The first benefit of credit card is the great resource for shopping online. A credit card offers an easy way to shop online. You can easily make purchases from your computer or from an internet-based store without ever leaving your home. This makes it a great resource for shopping online because you do not have to leave the comfort of your home.
  2. Many cards offer rewards programs where you can accumulate points and spend them at various retail outlets. These retailers will reward you with discounts on products as well as other perks and incentives.
  3. Credit cards can help you make airline reservations or pay for hotel rooms. This can help you get cheaper rates and better deals on flights, hotel rooms, and vacation packages.
  4. The convenience of being able to charge purchases using credit cards. You do not have to carry cash, which can be annoying if you are shopping in a store.
  5. Credit cards come with no annual fee. If you use your card regularly and you make your purchases on time, then you can save yourself a lot of money in the long run. Many times a credit card can also help you pay off your debts easier. In addition, this can help you build up a good credit history if you use your card responsibly.
  6. In addition to these advantages, credit cards also provide many perks. For example, a card may give you points for every dollar that you purchase or for every dollar that you save by using the card. You will also receive points for purchases made and points for all purchases that are made through your card’s affiliated merchant.
  7. Another advantage to using credit cards is the fact that they are great tools for making purchases. If you find yourself short of cash, credit cards can help you make quick purchases. Or emergency purchases.
  8. Credit cards can also be a great tool when you are going to trade in your vehicle. Because most credit cards have no annual fee, you can often get instant cash for vehicles that are paid off. This can allow you to save money and get into a better financial situation.
  9. You can also use credit cards when applying for loans. Most banks offer great loans for people that have poor credit and do not have a bank account. You can use a credit card to get a loan and pay off any high-interest debt that you have.
  10. Many companies also offer good customer service. This can make life much easier because they know how to work with you to get you the best possible interest rate and loan terms. The key to finding the right company is to look around.
  11. Look around online for companies that have good interest rates and good customer service. Check with different companies that offer different cards. Make sure that they have the terms of the loan in writing so that you know exactly what you are signing.

Some Suggestions

If you are interested in applying for a credit card, there are plenty of companies that will gladly help you. It does not hurt to look around and compare the different options. Remember that you should compare the interest rates between different companies and make sure you find the best interest rates.

Most credit cards have different rewards programs. If you are a student, you may be able to get a credit card that gives you points or cash back on purchases. If you work in an office, you may be able to get a card that gives you free gas, tickets to sporting events, and hotel stays. If you have bad credit, some companies will offer you unsecured credit cards.

If you are a student, you may be able to get a card that offers no interest for up to six months. If you pay your monthly bills on time. This can be great for students who want to establish credit but do not have any credit or who want to start with a low interest.

There are many “benefits to getting a card”. These are just a few to consider. When you shop around and apply for a card, you will be able to discover that credit cards can be an effective way to get the cash you need in your pocket. Let’s read some disadvantages/drawbacks/demerits and cons;

What are the Disadvantages of Credit Cards?

There are many disadvantages of credit cards and many people are looking for ways to avoid the disadvantages. It is important for a person to understand the disadvantages in order to make an educated decision when it comes to applying for a new card.

  1. One disadvantage of a credit card is that the balance transfer rate can be high, which can take years to pay off. The credit card company will then charge you fees for the balance transfer, but the interest rates may remain the same. You should compare the APR, the interest rate and the balance transfer fee before signing any agreements.
  2. When you use your credit card, you must remember the drawbacks that will usually have to pay a fee that is in addition to the interest, which is charged by the credit card company, and there may also be an annual or monthly fee. Many times these fees are waived for some types of credit cards, such as balance transfer cards. It is important for you to know what the fees include so you are aware of what to expect.
  3. Another disadvantage in the list of disadvantages of a credit card is the ability to create a debit card with the account. If you are not familiar with the process, you may not have access to the funds available in the card account. The advantage of using the debit card is that you do not have to keep a balance at the end of the month, and you do not need to pay fees for the use of the account.
  4. There is usually a grace period before the card is used, and this period can be anywhere from ninety days to one year. There may be fees associated with the use of the card, and this information should be included in the terms and conditions of the card. For example, if there are monthly fees associated with the card, this should be stated in the agreement.
  5. The amount you can charge on the card is limited. The only time you can use the card is for a specific amount of money. This can include purchases that exceed the limit that is available, as well as cash advances. If you are going to use a debit card, be sure to check the limits, fees, and the terms associated with the card. This will give you an idea of what you can expect when you use it.
  6. Some people choose to pay their bills using their credit card, because they have so many different options. However, if you choose this method, you should be aware that you may not have access to all of the funds available in the card account, and there may be fees associated with it. This means that you will have to find another way of paying for the bill that you didn’t know existed.
  7. You also have to consider the number of cards that you have and how many of them are in use at any given time. Each card has a limit on the amount that can be used on each card at one time. If you have more than one card, you need to know what you are allowed to use on each card, as well. There may be additional fees that apply to each card.
  8. If you have an established line of credit or account, you may not have access to the money on that card, but it is still accessible. If you do not make your payments, it may affect your credit score. It is important to check your credit history before you apply for a new credit card, just to make sure that there are no negative marks against you.
  9. Finally, you have to think about whether you will make a single purchase every month or whether you will continue to make regular purchases. If you plan to make one purchase a month, you have to think about whether you want to use the card or if you want to have a balance on the card for months at a time. Some people are able to get away with having just one card and not making a single purchase.

Conclusion:

As you can see, there are several disadvantages of a credit card and there are advantages as well. It is important to understand what the advantages and disadvantages of a credit card are, so that you can make an informed decision about applying for a new credit card.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

How are broadcast TV and Cable TV Different?

Published

on

How are broadcast TV and Cable TV Different

Cable TV and broadcast are different mindsets in the television industry. Both of them differ in how one perceives entertainment through television. There are many instances where the FCC restricts either of them while the other may be doing the same thing. There are different generalizations regarding both of them. For instance, it is true that cable TV costs more but has more to offer. You get diverse channel lineups and whatnot.

The differentiating feature between these two is the way we get the service. Out of these, the broadcast is somewhat primate. The signals travel with the help of radio waves. There is limited programming. You get the basic channels like CW, CBS, ABC, and FOX. All you need is a single antenna to access these channels. However, their industry is changing as more and more people use cable and satellite to get the TV service.

Cable providers have a complex coaxial cable infrastructure to transmit the signals. The consumers have to pay a fixed monthly fee. The average amount is $60 to $120 per month. Broadcast TV started in the 1940s and is somehow an outdated technology. Back in the day, it made it to a bigger audience. The source of revenue was advertisements and this stream of the revenue made it more prominent.

Nature of Shows

Cable TV has unlimited shows belonging to different genres. There are some exciting stories to watch on the screen. Broadcast TV has a different kinds of shows. The stories are shorter and the plots are similar. Nevertheless, the focus is entirely on the narrative that compels us to think beyond the realms of our minds.

Advertisements

There is a huge difference in the advertisement when it comes to cable and broadcast TV. Both of them have a unique set of audiences. If you are a basic user, you might find a lot of similarities in these ads. In reality, they have many differences. The ads you see on the broadcast TV are strategically placed for a larger audience. For example, if someone is running for President, they’d want their message and manifesto to reach a greater audience nationwide. Therefore, the most preferable way of communication will be broadcast. Many of these channels are commercial in nature and get their funding from donations as well.

Coverage

As we already know that cable TV offers extensive services nationwide. Mediacom is a top provider when it comes to cable. It is available in many states. The coverage is extensive. You get all your favorite channels in the lineup. If there is an issue with the service, Mediacom customer service is efficient in handling those issues. The only problem is that there are areas where this coaxial infrastructure cannot reach. Therefore, cable TV has limited coverage. The only Spectrum has coverage in 42 states, making it one of the largest cable service providers.

Premium Channels

The world is changing so is the TV industry. Now, we cannot resort to the traditional TV service. This is where the premium channels come in. These channels offer advertisement-free programming. There are separate charges for these channels and they are available as add-ons. However, you get the best content available on TV without any advertisements.

Extra Content

Cable TV has a bigger challenge than broadcast. Streaming services are starting to kick in. Broadcast TV was never its competition. Cable TV offers tons of features. Cable or HD boxes are advanced and let you record all the popular shows. You can access the on-demand libraries as well containing all the popular movies and TV series. Broadcast does not have these features included.

Final Verdict

Streaming services are starting to take over. The ever-increasing price of cable TV has forced consumers to switch to cheaper means of communication. Therefore, you will find everyone getting streaming services. Although they don’t have the channels that cable TV offers, they cost less than an average cable TV bill. Most importantly, these streaming platforms are quite convenient. There are no ads, no charges for the equipment, and most importantly, no contracts. However, many people still prefer it because of the diverse channel lineups. Cable TV is changing with the pressure from cord-cutting movement.

Continue Reading

Tech

Top Four Website Builders for New Online Shop Owners

Published

on

Starting Your Own Online Shop? Consider These Top Four Website Builders

With your own ecommerce site, you can reach more customers and give your brand the attention it deserves. Whether you have a brick-and-mortar shop, an ecommerce website can establish your business online. Many small to medium-sized businesses exist alongside big-name companies, getting a larger slice of the pie with ecommerce.

So why not take advantage of the benefits of having an ecommerce website? As reported by Pranjal Bora of Digital Authority Partners, if your business benefits from online sales, then you need an online shop.

You have two options: hire a web developer to create your ecommerce website or rely on DIY software. We will highlight DIY website creation options with our top four platforms.   

The Top Four Website Builders for Ecommerce Businesses This 2022

The first step in creating an ecommerce business is selecting the right website builder. That means that you need to make sure you are using one of the best website builders for eCommerce. A website builder is software designed to help users create simple websites even with little to no coding knowledge.

Website builders are designed for easy use. You can have your website ready within the day most of the time. If you want to DIY your ecommerce website creation, consider these top four website builder platforms available today:

Shopify

You can’t talk about ecommerce without talking about Shopify. This software lets you create a shopping site tailored to your brand’s needs. Shopify has an online store builder filled with templates, making it easy to start building your website.  No matter what type of business you have, there is a template that will work best for you.

Shopify is currently the most popular shopping site builder used by more than a million online stores. It also comes with features such as marketing resources, SEO, shopping carts, mobile shopping features, and more. You might not be sure yet whether Shopify is for you; you can take advantage of its 14-day free trial.

Features

  • Comes with 100+ professional-looking shopping site templates that are easy to customize
  • Allows your customers to use their credit cards for payment
  • Offers an easy-to-use shopping cart
  • Offers web hosting and unlimited bandwidth
  • Comes with SEO features and social media integration
  • Allows you to add inventory and product sale prices
  • Fits all ecommerce businesses, from beginners to experts
  • Offers marketing apps for easy conversion, product features, customer retention, and many more

Advantages

  • Flexibility  and ease of use
  • All-in-one ecommerce solution
  • Practicality and cost efficiency
  • Easy product inventory
  • Responsive customer support
  • Strong Shopify community where you can get timely assistance
  • Versatile solution—works for people looking for an enterprise shopping solution

Pricing

  • Basic plan for new ecommerce businesses for $29 per month
  • Regular plan for $79 per month
  • Advanced plan for $299 per month
  • 14-day free trial even without a credit card

Bigcommerce

Bigcommerce is a helpful ecommerce website with integrated SEO tools. You can rank higher on search engines without paying extra for SEO. It also has a shopping cart that takes care of customer payments.

Aside from marketing tools, Bigcommerce also has conversion tools that help you promote your products or services online. Just like Shopify, Bigcommerce has a free trial period. You can always change your mind if you think this shopping site builder is not for you.

Features

  1. Provides SEO tools for easy search engine ranking
  2. Helps you promote your brand with conversion tools
  3. Offers marketing tools for all types of businesses
  4. Provides a secure payment gateway for customers
  5. Provides website analytic tools

Advantages

  1. One of the easiest shopping website builders
  2. All-in-one solution for shopping, marketing, payments, analytics, and more
  3. Easy credit-card processing through PayPal
  4. Availability as an enterprise ecommerce solution
  5. Easy configuration to fit any business
  6. Flexible payment options

Pricing

  • Standard plan for $29.95 per month
  • Plus plan for $79.95 per month
  • Pro plan for $299.95 per month
  • Enterprise solutions are available, but you need to contact sales
  • 15-day free trial

Wix

Another popular ecommerce builder software is Wix. The most remarkable thing about Wix is that you can create an ecommerce site in just a few minutes! Even people who have never used this website builder find it easy to navigate and work with their brands.

Wix offers a lot of templates, so it’s easy to find the one that matches your business. All you need to do is to click the template and apply it to your ecommerce site.

Features

  • Allows you to set up your ecommerce site in just a few minutes
  • Offers drag-and-drop capabilities
  • Has available customer service 24/7
  • Offers accessible mobile ecommerce site features
  • Offers attractive templates to fit your needs

Advantages

  • Ease of use
  • Affordable plans
  • Mobile ecommerce availability
  • Simple site design tools using templates

Pricing

  • VIP plan for $12.25 per month with first-priority support
  • Unlimited plan for  $6.25 per month for entrepreneurs and freelancers
  • Combo plan for $8.50 per month for personal use
  • Connect Domain plan for $4.50 per month, basic Wix plan
  • Free templates, unlimited website pages, and hosting

Weebly

Weebly is another powerful ecommerce website creation software often compared to Wix. But there are many differences when it comes to features and pricing.

Aside from the usual ecommerce website features, Weebly allows you to set tax rates per location. This is often overlooked in many ecommerce platforms. You can get fresh ideas from the Weebly blog, which helps with content marketing. Weebly also comes with SEO features, so it’s easier to rank your website online.

Features

  • Allows users to set up tax rates for every location
  • Offers an integrated blog
  • Comes with SEO features to help you rank higher on search engines

Advantages

  • Easy to use
  • Affordable
  • Versatile and scalable

Pricing

  • Connect plan for $5 per month for annual subscriptions
  • Pro plan for $12 per month for annual subscriptions
  • Business plan for $25 per month for annual subscriptions
  • Basic use plan—free

Final Words

These four ecommerce website builders will help you start your online shopping business right away. Because these are DIY builders, you don’t need to pay if you don’t plan to hire website development help to have a professional-looking site. Make sure to weigh in on software features, advantages, disadvantages, and plan pricing before deciding.

 

Continue Reading

Tech

8 Steps To Host A Successful Online Virtual Event

Published

on

In 2020, it was impossible to hold any public gatherings, and all sorts of events were cancelled, such as festivals, parties, and weddings. The good news is that the cancelled events soon became online, allowing people to catch up virtually. Now that businesses have caught on to this trend, they are slowly phasing out traditional networking events and replacing them with virtual ones.

So if you’re thinking of hosting your next virtual event online, planning it is easy if you follow these simple steps!

An hour-long virtual event is ideal for getting the maximum level of satisfaction. It is crucial to ensure that the audience is engaged and that the performance is worth the time. If it goes too long, viewers will lose interest. Avoid this by planning around a 60-minute timeframe.

  • Plan an interacting and engaging event

A successful virtual event is characterized by the engagement of the host as well as the guests. Planning makes the process easier as DJ Will Gill’s brilliant idea of using a raffle wheel during virtual events was well received by clients.

Never underestimate the power of adding a little variety to your plan. For example, Zoom has all sorts of ways to make planning your next “live” event exciting. You can use its Spotlight feature to create small group discussions with an interactive poll or Q&A directly from your screen! This will help keep people engaged and ensure your viewers aren’t checking their watch every five minutes. If you and your team want to engage in breakout sessions during large-scale corporate events, try adding some fun activities that get everyone involved.

  • Stick to the nature of event

We are living in a pandemic. There have been countless consequences to what has happened to our planet. Trying to think a virtual event is better than an in-person live event is quite a social faux pas. Instead, call your virtual event precisely what it is: an online virtual event. That is to say, don’t try and call too much attention to any specific event more than any other.

  • Host the event on a popular platform

Hosting your event on a popular platform will help you get more attendees. There have been a lot of virtual event platforms introduced in recent years, especially Zoom and Instagram Live are mainstream options for hosting an event. Furthermore, There are a number of other emerging platforms, such as Wondershare, Streamyard, and Airmeet, for which an end-user must be tech-savvy to utilize

  • 7 minutes psychology

DJ Will Gill’s famous 7 minutes psychology was acknowledged and featured in The Wall Street Journal.

DJ Will Gill believes that each act and segment should be kept within seven minutes for optimum engagement in order to avoid viewers checking their watches every five minutes

  • Incentivize viewers

If you have used Kahoot, you know how much fun it is. However, It is a fact that if you want to keep virtual event users most engaged, you need to include some sort of reward for staying on screen. DJ Will Gill uses Kahoot trivia to motivate viewers during the virtual event as another valuable addition.

  • Ensure your guest speaker is prepared

To avoid any inconvenience, keep the guest speakers on schedule. Do Provide them with pre-determined questions, and keep their topics brief and descriptive. When the guests have submitted their questions in advance, Q&A sessions work best, and audience members feel a sense of participation. Not to mention less improvisation is better.

DJ Will Gill’s most events include a guest speaker. He has recently collaborated with Steve Harvey for a corporate event.

  • Establish a virtual tech team

A lot is going on backstage. Don’t try to handle everything on your own. Get the best partners to handle the technical tasks to ensure a seamless event. DJ Will Gill mentioned the importance of having a tech team or at least two members to take care of the guest list, notify essential details, and provide chat support. The team is also responsible for running the spotlight, screen sharing, and resolving viewers’ queries. This keeps the host focused on the event rather than dealing with minor problems.

Conclusion

You want an interactive and engaging event. This can be tricky, but the event doesn’t have to overwhelm you with the proper planning! Keep the virtual event to 60 minutes timeframe with segments no longer than 7 minutes. This goes for virtual corporate events and online Corporate DJ parties. Make sure everyone is informed, well-rehearsed, scheduled, and on time. If prizes are included, expect a high turnout because viewers will be more engaged and likely stay longer! Need someone who can help plan out your event? Contact us! We’ll be happy to help with suggestions and ideas

Continue Reading

Trending