I have a friend who wants to condense her charge card balances, also known as debt consolidation. In December of 2009, the bank declined her application for a home loan due to the fact that she had a lot of credit that was revolving.
This month, my friend Sheena had to close out her credit card account. While monitoring her monthly statement, she realized someone else had been making charges using her card. Being it was the only credit card she had at the time, and not having a check book, Sheena was left with no payment option except for cash.
Consolidating your credit cards does much more than pool your money into a single, convenient account. It also provides more personal financial freedom and opportunity to save, which gives you the option of whether or not you want to pay down your balance sooner. Consolidation could get you away from debt altogether in due time.
While credit cards are an easy way to purchase big ticket items, you can also use them to save money on every day things. Learning a few simple tricks can indeed save you hundreds of dollars a year just for using your credit card to buy things you were planning to buy anyway.
With there being four different Rush prepaid cards to choose from, we take a closer look at what the original rush card plus has to offer. We will highlight all the major points as to why it has become a popular card that needs to be owned by every individual.