Credit Card

Credit Card

Benefits of Having Menards Credit Card

If you have bad credit, then you know it can be difficult and tedious to repair it. In fact, it can take several years to do so. Therefore, having a credit card that allows you to go through the process will have a lot of advantages. These some of the benefits of this credit card.

Suitable for Home Improvement Projects

Usually, people with below-average credit cards enjoy a lot of advantages that include cash advances and the ability to use the card when traveling internationally. In fact, people with a solid credit card do not travel internationally. When you have the Menards credit card, you can purchase necessities at any given Menards store. Also, you can fill up your gas tank at various gas stations across the country. Moreover, your home improvement projects do not have to wait until your credit score opens for a bank loan.

No Annual Fee

The truth is that credit cards with an annual fee are simply debt traps that want to have access to your money. What is the point of paying an annual fee of over $100 just for having the card even when you do not use it? Fortunately, the Menards card does not come with annual fees.

Deferred Interest Payment Plan

You will not be charged interest when you pay your debt in full within six months and if your purchases are less than $299. That does not mean you are allowed to only buy a single item that is $299. In fact, you can purchase several items that total to $299 or even more.

Rebate Receipts

credit cardsWhenever you use Menards credit card at authorized gas stations, you enjoy a 1% rebate. In this case, you are given a rebate receipt instead of instant credit. You are required to mail the rebates, and you will get a check back from Menards. It is advisable to collect the rebate receipts for a few months and mail them for a huge check. Keep on checking your email as the money comes at the appropriate time.

Great Customer Service

When you read reviews of Menards credit card, you will find that they have excellent customer service. Unfortunately, most people overlook this feature. Remember that customer service is critical to any given business because you never know when you will need their services.…

By Solomon Drake / 2020-04-13
Credit Card

4 Disadvantages of Having Numerous Credit Cards

Plastic money might be a trend, but you should take it seriously as misusing the power of credit cards might land you in some serious problems. One credit card is enough for your usage. The bank has all the space you need to store money. Having many credit cards does not mean you will have more money stored. Instead, is a disadvantage.

These are the four disadvantages of having numerous credit cards in your possession:

The People's Perception

People around you have a say. Their speech might influence your life positively or negatively depending on what you are carrying against them. If you are playing your cards right and doing everything orderly, then you will act as a flag. People will follow and would want to be like you.

Having numerous credit cards might change people's perception towards you. Mind you, the opinion may be harmful. You will pose a threat to the society because they will think you are a conman or a thief. They will not listen to any of your justifying reasons. When people view you from negative side, chances of getting to the better side are minimal.

You Will Have a Low Credit Score

a couple of cardsMaintaining many credit cards is hard. Richness will not matter at all. The information on the credit card is confidential, and you will not disclose anything to your workers. Therefore, hiring someone to manage it might be difficult.

For you to have a higher credit score, your credit card must be valid. You need to keep it active by saving money and using it regularly. The transactions you make will boost your credit score, and this will help you to qualify for a loan at any time of emergency.

Having numerous credit cards chases you from getting the credit score you deserve. You will want to bank money using a different card each time, hence promoting the banks and lowering your credit score.

Forgetting the Credentials Will Be Easy

Having multiple credit cards is fun only when you display in front of peasants. Opening bank accounts require your information. The bank has to take your identity through their workers and make it confidential. You will expect a PIN to use when withdrawing money from the ATM. You can imagine having many cards with different PINs. Your memory will not save all the data especially when you are not good with numbers. You will forget most of the PINs, thus ruining your reputation due to failure to maintain the credit card. After a few months of inactivity, the bank will close your account. You will have nothing left.

They Will Lack Storage

A man will at most have two wallets, a back pocket and front pocket wallet, but will only carry one purse. Many credit cards require a lot of space. You cannot put all of them in your purse. Something will be fishy, and you may not like the crowd following you. Many credit cards need separate locations for storage, hence misplacing most of them.

Avoid the loses today by grabbing only one credit card. It will do you more good than harm.…

By Solomon Drake / 2018-10-16

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