But do you really want to
rely on credit card companies, whose sole purpose is to get you to rack up a lot of debt and pay back minimum amounts so you owe them interest for months and years?
Many travelers
rely on their credit card company's reimbursement policies for things like flight delays or cancellations, but these benefits are often very limited and difficult to obtain.
Not exact matches
Just as a
credit card company will perform a check
on you to see if you can be
relied on to pay your bills
on time; you should always be sure that you will be paid for any services which your
company performs.
Companies that just started and have no revenue, outside financing or even basic experience in raising outside financing have to
rely on help from those sources that are close to home in addition to increasing the mortgage and maxing out the
credit card: your uncle or some friends you know have some spare cash and are always willing to help.
It's always a better idea to save money though, you don't want to always
rely on a
credit card because what happens if a
credit card company goes out of business?
Credit card companies rely on the fact that you don't pay attention, thus making it easier to make money off of your lack of knowledge.
What makes this rather extensive
credit checking process unusual is that
card companies traditionally
rely on just a single bureau's information when making a
card - issuing decision.
And another major differentiator is that a corporate
card does not
rely on an individual's
credit history to secure the
card; it is issued based
on the
company's finances.
Every
company that accepts
credit cards has an assigned Merchant Category Code (MCC), which
card issuers
rely on to determine whether you receive the bonus points.
Instead of taking an approach that
relies on succumbing to the marketing offers of
credit card companies, an alternate approach is to examine your spending, figure out what
cards line up best with your spending patterns and stick with those
cards.
The
company says that six out of 10 Canadians live paycheque to paycheque, which means if their income stopped for only one pay period they'd have to
rely on a line of
credit or
credit card to make ends meet.