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If you hold more than one credit cards, you will want to do some planning first before sending in your money. Planning ahead will help you manage your budget and expenses more efficiently and avoid unnecessary cash crunch .

The first step is to review your monthly billing schedule. Here are a few important things you must be aware of:

Statement Date – This is the date the statements printed. Very likely it will be 2 or 3 days before your receipt of the statements.

Payment Due Date – This is the last day you must make payment. You must pay at least the minimum amount due to avoid late payment penalty

Together with the statement date, you can work out the grace period duration in case you are do not know this.

The next step is to understand the amount due.

Total Amount Due – This is the sum of any unpaid amount from the previous month and all new charge and interested incur for the current month.

Minimum Amount Due – This is a small percentage of the total amount due. The percentage varies from one credit card to the other but it is usually around three percent. This is also the amount you must pay to maintain a good standing with the card company and avoid late payment fee.

The third step is to understand your cash inflow date. For most people, this will be the day where they receive their salary. For some, there will be other sources of income such as part time business or property rental.

Once you have a clear understanding of your cash inflow and outflow, you can then plan your budget and expenditure accurately. In fact, you have gain an understanding whether you are having positive cash flow each and every month. If there are too many months where there are negative cash flow, you need to analyze your expenditure and do the necessary cost cutting measures.

Now, your objective is always to pay the credit card bill in full and on time. By knowing when your cash is coming in and going out, you have a good idea when you need to put aside cash for bill payment purpose.

Occasionally, you may need to carry a balance due to unforeseen circumstances such as medical fee because of a minor accident. In such cases, you should try your best to pay everything back in full the following month.

Donating to good causes is a great way to help people who are less fortunate. People have always been able to help good causes by giving up their time or handing over cash. Now the process is even easier.

Many charities now have branded credit cards that enable consumers to donate to the charity every time they spend. These charity credit cards are backed by major UK banks. The Royal Bank of Scotland, Halifax and the Cooperative Bank all support several charity credit cards.

Learning About Charity Credit Cards

When consumers first sign up for a charity credit card, the issuing bank makes a donation to the relevant charity. This sum ranges from £5 to more than £40. The actual sum donated will depend on the terms of the particular credit card deal. If consumers keep and use the card, then card issuers usually make a second donation at the end of six months or a year.

Charity credit cards also give ongoing support to charities by paying a percentage of any spending on the card to the nominated charity. For example, most cards contribute 0.25% of spending to the charity. This means that 25 pence is donated to charity for every pound spent on the card. Some charity credit cards offer a donation of as much as 1%, so the amount given to charity increases to match. This is worth thinking about when deciding which charity credit card to go for.

What Causes Can I Support With Charity Credit Cards?

There are cards for almost every good cause. These include:

- Cancer charities such as Cancer Research UK and Breakthrough ****** Cancer Trust

- Children’s charities such as the NSPCC, Great Ormond Street Hospital and Barnardos

- Animal charities such as the RSPCA and PDSA

- Aid agencies such as Christian Aid and Oxfam

- And many more.

To find out if the charity you want to support has a credit card, telephone them or visit their websites. There are also several credit card comparison sites to help consumers decided among the different credit card offers.

What Incentives Are There For Using Charity Credit Cards?

Charity credit cards offer the same incentives to new cardholders as other cards. This means that, depending on the offer, cardholders can benefit from:

- Low annual interest rates

- 0% balance transfer rates for a fixed period

- 0% interest on purchases for a fixed period

- other rewards and incentives.

Some credit card issuers may charge a one-off balance transfer fee. This should be considered when deciding on the right card.

As with all credit cards it is essential to make payments regularly and on time to avoid attracting any penalty fees.

Once people have selected the right charity card, making a donation is as simple as doing what they would do anyway. All they have to do is spend money in the usual places and their favourite charities will get the benefit.

I have bad credit and have a prospective employer that is looking to hire me. They provide their employees with a company credit card with our names on it, we are responsible for making payments but return our reciepts to them so they pay us back, however I am afraid if they do a background credit check they will withdraw the job position from me. Can they do this? Can they still give me a credit card even though I have bad credit?

I have applied twice and they have never even sent me a letter or anything. I have a Credit Score of 700 so that can’t be the reason.

I recently applied for a credit card, but was denied. The reason was the company I work for does not meet their requirement or that the company does not earn much or to that effect. Does this also mean that the company is at the verge of closing?
They told me that I passed the salary requirement. Except for the company because it is not earning that much. Actually, this is the first time I heard of this. It is a bank in the middle east. I can’t believe I got denied because my company has a poor credit score?