No worries, as HonestLoans will help you secure a quick payday loan by connecting you to multiple lenders through their platform directly. You do not need to fill out multiple forms, as a single form will be used to help you secure loan offers from multiple lenders. Even with a bad credit score, you need not worry, as HonestLoans is associated with 80+ trusted lenders who are happy to give you a loan, even when the credit score is bad. Hence, we strongly recommend you give it a try, as HonestLoans is a great place to get payday loans.

Is HonestLoans Trustworthy?

HonestLoans is not the lender itself but connects you to the lenders. This means you should focus on the fact that are the lenders you are being connected to reliable? Well, for starters, the platform is associated with 80+ trusted lenders with established businesses and years of industry experience.
The leading lending partners are properly licensed and regulated. They comply with the professional code of conduct, related laws, and best practices to make sure you are protected. The lenders are transparent about their fees and interest rates charged, as HonestLoans only works with lenders that are honest about their loan costs. The platform itself does not charge any hidden fees for its service. Hence, you can be completely worry-free while using HonestLoans, as its lending partners are committed to running ethical businesses.
Further, HonestLoans ensures complete data privacy by securing your data with multi-layer encryption. The work is in complete compliance with privacy regulations. This means your data is neither shared nor leaked, and you can use the site without any worries.

Can You Get a Payday Loan with No Credit Check Using HonestLoans?

No credit check loans are rare because of the extremely high Annual Percentage Rate (APR). This is mainly because the lender is taking risks in giving you a loan without a credit check. This is a risky loan for both lender and borrower, hence the high-interest rate. This loan is availed for when the credit score is really low and financial institutes usually reject your loan application.

No worries, as HonestLoans can help you search for a payday loan even with your bad credit. In fact, you should not fear a credit check, as it can protect you from getting into any debt trap. HonestLoans lenders can do a credit check to understand your financial status, and do not worry; it is not the only determining factor for your loan eligibility.

Most lenders only opt for a soft credit score check, which does not affect your credit score. A handful may need to perform a hard credit score at times, which will appear on your report and will lower your credit score by only a few points. And it usually requires your consent.

Lenders associated with HonestLoans are lenient when it comes to the credit score requirement. They do not care if it is bad, as you will always have the chance to still secure a loan through the platform. In fact, lenders offer you numerous types of loans so that your loan demands are met.

In fact, you will be surprised to learn that even with a lower credit score, at HonestLoans, it is possible for you to get a loan offer with an amount as high as $5,000 with this wide range of loan options which offers you the flexibility to pick the one you like. Check out HonestLoans to get the details you need for no credit check loans.

The Application Process on HonestLoans

Applying for a payday loan using HonestLoans is the easiest way to secure a loan. The steps are described below:

Step 1- Submit the Application

Fill in the loan application form with all your personal details and loan requirement. This process takes just about 5 minutes. Once done, submit the form for further processing.

Step 2- Loan Application is Sent to Lenders

Once you submit the form, HonestLoans connects you with suitable lenders who could be interested in sending you loan offers. It takes these lenders a few hours to process your application form, evaluate it and send the best loan offers to you.

Step 3- Compare Offers and Find the Best Quote

Once you receive all the offers, you can compare them to learn which lender is offering you the loan with the lowest interest rate and fees. HonestLoans connect you with lenders that are transparent about their charges; hence look for the best bad credit loans available to you and accept the loan offer after reading all the terms.

Step 4- Receive Money

Once you sign a contract with the lender, the cash will get deposited into your registered bank account within 24 hours.

A significant benefit of using HonestLoans to secure a payday loan is that if you are unable to repay back the loan, you can contact the lenders and let them know to be able to work out a payment plan with the lender. This is possible because you are connected with a reliable lender who is flexible to help you instead of bulldozing over you. Remember not to miss the payment or stop making it without reaching the lender, which may lead to high penalties, and the lender can also take legal action to recover it.

Conclusion

HonestLoans is the best platform you will find online to apply for a same-day payday loan with no credit check. It can become your to-go payday loan application platform to get ahold of quick cash in an emergency. If you are looking for a reliable platform to apply for a bad credit loan, check it out today!

Also Read: Tips To Improve The Cybersecurity Of Our Home

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BitPay:

We selected the BitPay card as the best overall option since it allows you to refill your card from your cryptocurrency wallet without incurring any conversion costs from BitPay.

What We Appreciate:

• A prepaid card that can be filled with bitcoin from your cryptocurrency wallet.
• When recharging your card, there are no conversion costs.
• A widely accepted debit card that may be used for both purchases and ATM withdrawals is available.

There are no hidden fees or charges with the BitPay Prepaid Mastercard. This primary prepaid debit card makes it simple to spend cryptocurrency from an associated BitPay wallet at minimal prices. You may be charged network costs for both the transfer and the conversion, but you will not be charged any additional BitPay fees for any of these operations.

Coinbase:

The Coinbase Card is a safe, simple-to-use debit card that Visa supports. It converts various kinds of cryptocurrencies to local currency, allowing users to make purchases and ATM withdrawals in their home country.

What We Appreciate:

• Daily expenditure limits that are prohibitively high

It enables cardholders to spend their bitcoins and other cryptocurrencies almost wherever Visa is accepted (a list of exclusions). PIN purchases and ATM withdrawals are possible, and contactless transactions may be made via the app as well as through the card itself. Additionally, you can choose between two different reward programmes that allow you to get Money back on your purchases when you join up.

BlockCard

If you’re searching for a Bitcoin debit card with a minimal transaction charge, BlockCard is a fantastic choice.

Pros:

• There are no fees for transactions, exchanges, or withdrawals.
• There is a fixed monthly charge.
• Rewards in the form of cash

Cons:

• To make purchases, you must first acquire Ternio tokens.
• Verification of Know Your Customer (KYC) information

Overview:

BlockCard, developed by financial technology firm Ternio, allows users to make transactions using their preferred cryptocurrency wherever Visa is accepted. Because it has a fixed account maintenance charge and no deposit, exchange, or withdrawal fees, it takes the first position as the most OK low-fee card on the market.

Wirex:

Wirex cards are eligible for a variety of consumer benefits. Cashback of up to 2 percent, free ATM withdrawals, and the opportunity to earn interest on fiat, bitcoin, and ether currencies are just a few of the perks available.

Pros:

• Bitcoin is used for cashback and referral incentives. It is compatible with 25 different cryptocurrencies.
• There are no issuance costs or monthly fees.

Overview:

Founded in 2014, Wirex is a digital payment network available exclusively in the European Union that launched a Visa-backed bitcoin debit card the following year. The card provides rewards in WXT and is our top pick for cardholder benefits because of its rewards programme.

Perfect Money:

It enables you to send Money to any recipient you wish to. Payments for online products and services may be made via this site safely and conveniently.

Features:

• The ability to withdraw Money in e-currency, Bitcoin, vouchers, and other forms is provided.
• It allows you to convert an e-voucher into any other e-currency or cash at your convenience.
• You may use this website’s payment method to boost the number of sales for your company.
• Payments for products bought from an eCommerce website may be made quickly and conveniently.

Bento:

Bento is a virtual card provider that makes it simple to keep track of and control the expenditures and spending of your business. This tool assists you in creating and assigning a virtual card for your account using a virtual card generator.

Features:

• Your credit card information is kept safely in your account.
• It makes it easier to handle both virtual and real cards at the same time.
• It provides more security and quickness than a conventional physical credit card, for example.

Also Read: GENERAL GUIDE ON BITCOIN

The post What Is The Best Way To Choose Bitcoin Debit Cards? appeared first on Web Updates Daily.

One option is opening a new balance transfer card with a special introductory offer, such as no interest for 12 months. While this special interest rate excludes new purchases, it does help cardholders directly pay down their balances without compounding additional interest during the promotional period. There usually is a per-transfer fee of between 3% and 5%.

Another option is taking out a loan — like a personal loan or a home equity line of credit — at a lower interest rate than your current credit cards’ APR. The amount you can potentially save depends on the loan product for which you can qualify, and the length of the loan. Don’t forget to factor in costs like origination fees when deciding whether to go ahead with this strategy, though.

Here are more on the pros and cons of credit card consolidation so that you understand the appeal and risks of proceeding.

Credit Card Consolidation: Pros

According to the experts at Bills.com, credit card consolidation benefits include:

• Saving money: If you’re able to qualify for a low-interest loan or balance transfer credit card based on your credit rating, you stand to potentially reduce how much you end up paying in interest charges over the duration of your debts
• Simplifying payments: Repaying a consolidation loan requires one monthly payment, so you could potentially go from dealing with an array of credit cards to just one bill.
• Pay off debts faster: Having a firm timeline for consolidating often helps people escape debt faster, especially if they were previously making minimum or near-minimum payments on their balances.

In a nutshell, it is possible to make debt repayment simpler, cheaper and speedier through consolidation.

Credit Card Consolidation: Cons

Anyone who tells you there’s a magical debt relief strategy with all upsides and no drawbacks is — exaggerating. Consolidation has a few potential challenges to consider, alongside the pros we just discussed.

The first thing to note is that not everyone is automatically a good candidate for consolidation. Qualifying for advantageous loans or credit cards with low-interest rates generally requires a good, or even an excellent, credit score — and a favorable debt-to-income ratio. Even if you can qualify for a consolidation product with poor credit, the interest rate you receive may counteract benefits.

Unless you carefully run the numbers before taking on a loan or transferring balances to a new credit card, you may inadvertently end up paying more than you would just address your credit cards on your own.

Plugging your budgetary and debt information into an online consolidation calculator can help you estimate how much you stand to save when you’re figuring out your next move.

Another potential difficulty associated with consolidation is the temptation to run up new balances while still paying off old debts. Adhering to a budget is key in this regard, as is figuring out how to avoid the temptation of purchasing on credit — especially for non-essential items.

Finally, consolidation does often carry fees that need to be factored into the total expense. If you were to handle credit card repayment without consolidating, you could avoid such fees.

Credit card consolidation has its pros — convenience, timeliness, and cost-effectiveness — and its cons —like the opportunity to amass more debt, fees, and the fact it’s dependent on credit score.

Also Read: How Quantum Computing Can Speed ​​Up Data Analysis In Healthcare

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Unlimited access to the most coveted luxuries one could think of – dinners on yachts, island vacations in the Caribbean’s, golfing on the most verdant of links, personalized concierge services for all your conveniences – all this and many more domestic and international privileges accompany high-end premium credit card memberships.

Some banks also extend credit against credit cards when a customer is in urgent need of cash. After a look at your pre-approved credit limit, the loan is credited to your account and is paid with interest on a monthly EMI basis. 

The interest rate is a little different from that levied normally, so the total money to be paid back might vary (for instance, calculate credit EMI via the credit card EMI calculator on a normal car loan, and a loan against your credit card to check which one’s better). 

But like always, the top echelon has always been an exclusive club. While some premium credit cards are only approachable via invites, a majority of banks offer premium credit card plans do so contingent on steep eligibility criteria.  

More often than not, the criteria are almost similar. The only thing that varies the most from card to card is the annual income or income tax return filed by the applicant.  

But sometimes, one can find other differences too, such as a higher minimum age set by the bank keeping in mind the repayment capabilities of applicants.  

Also Read: Main Benefits Of Human Resources Software

HSBC Bank

HSBC Bank has been in the game long enough to be regarded as one of the best in the business. This international bank has two credit cards working in the premium segment in the country, namely, the HSBC Premier Master Card, and the HSBC Advance Visa Platinum Credit Card. 

Premier Master Card

The Premier Master Card offers a variety of benefits and privileges but is available only to those who maintain a Premier Account at HSBC. One or more of the following criteria has to be fulfilled:

1. A quarterly Total Relationship Balance of Rs.40,00,000, or
2. A mortgage disbursal of Rs.1,15,00,000 or more, or,
3. Have an account with a monthly salary of Rs.3,00,000 or more under the HSBC Corporate Employee Programme

Advance Visa Platinum Card

The Advance Platinum Card is offered to HSBC Advance customers, defined by the following parameters:

1. A quarterly maintained Total Relationship Balance of no less than Rs.5,00,000 in a mix of savings, current or Demat format, or through HSBC India life insurance policy, or
2. 30,00,000 worth of mortgage relationship, or,
3. An HSBC Corporate Employee Programme account with a monthly credit of Rs.50,000

Visa Cashback Card

The Visa Cashback Credit Card is a shopping and lifestyle credit card, primarily with exciting reward points and vouchers. An Amazon welcome voucher is followed by discounts on subsequent spends on Swiggy and Amazon, with 1.5% cashback on all online expenditure. 

It comes with a small membership fee of Rs. 750, which is waived off if the annual expenditure breaches the Rs. 1,00,000 mark. 

Indian residents between the ages of 18 to 65, residing in either Delhi, Bangaluru, Noida, Pune, Chennai, Hyderabad, Gurugram or Mumbai, earning a total of Rs.4,00,000 annually are eligible candidates for this card. 

Axis Bank

Axis Bank is considered one of the best private banks in the country. They have a large penetration in the market and add freshness with their products and style. 

Vistara Infinite and Signature Credit Cards

Launched in partnership with Vistara Airlines, these two credit cards are targeted towards frequent fliers and offer benefits like complimentary business and economy class tickets annually and membership to Club Vistara. 

Any resident of India between the ages of 18 and 70, with an annual income of Rs.6,00,000 and above is eligible to apply for these two cards. 

Signature Credit Card and SELECT Credit Card

These cards are a rung above the Vistara cards and offer both flying and shopping benefits with lounge visits and reward points on domestic and international spending. 

These cards can be availed by resident (a non-resident for the SELECT Card only) Indians between 18 years and 70 years of age, with annual earnings of Rs.9,00,000 or more. 

MAGNUS Credit Card

At the top of the lot is the Magnus. Residents of India with an annual income of Rs.18,00,000 can apply for this high-end credit card membership which entails promises of elevated comfort and privileges, food vouchers and prestigious club memberships, reduced interest rates on loans, and lows a discounted mark-up fee on international transactions, among other things. 

Also Read: Cloud Computing Benefits To Your IT Budget

ICICI Bank

The ICICI Bank Emralde Credit Card membership entails opulence of the most sublime kind. The target group for this card is persons earning a minimum of Rs.3,00,000 a month, or Rs.36,00,000 per annum, or those having filed an Income Tax Return of Rs.30,00,000 or above.
The privileges and benefits are many, including complimentary golfing rounds, spa visits and birthday celebration vouchers at one of the best hotel chains.

HDFC Bank

HDFC Bank has a wide variety of premium credit cards for its multi-hued clientele. Their cards specialize in business benefits, shopping benefits, travel privileges, and other categories as well. 

Regalia Credit Card

This card is loaded with a free Zomato Pro membership for a year, 12 complimentary visits to domestic airport lounges, and six visits to international airport lounges, other than rewards points on expenditure. 

The card is open to salaried Indian nationals (21-60 years) earning more than Rs.70,000 a month, and self-employed persons (21-65 years) having filed an income tax return of more than Rs.8.4 lacs in the previous year. 

Diners Club Privilege Card

Ranked at the top of many lists is the HDFC Diners Club Privilege Card. This is a total package, arriving with complimentary memberships to Amazon Prime, Zomato Gold and Make My Trip Double Black. It allows the holder international and domestic golfing rounds and concierge services. 

To apply, a salaried Indian national must earn more than Rs.70,000 a month, and self-employed Indian national must have an ITR of more than Rs.8.4 lacs. 

InterMiles HDFC Bank Diners Club Credit Card

Aimed for frequent fliers, this card boasts of an InterMiles Gold membership which offers flight booking discounts and bonus InterMiles on spends above a stipulated amount, and unlimited access to domestic lounges all over the world. 

To be able to enjoy these benefits, an Indian national must either earn a salary of more than Rs.1,75,000 a month or file an ITR of more than Rs.21 lakhs per annum if self-employed. 

Conclusion

Our list breaking down what it takes to be eligible for some of the best premium credit card in India ends here, but don’t worry if you couldn’t find the right card here. Many banks do not list their eligibility criteria explicitly on their sites. 

One can always contact the bank for the same. Other than that, one must have some crucial documents in place before applying for a credit card. Namely, the PAN Card or Form 60, Aadhar Card, and a previous credit card statement, if applicable.

The post Criteria For Being Eligible For A Premium Credit Card: Simplified! appeared first on Web Updates Daily.

Cardholders must, therefore, carefully budget their expenses and repayments to avoid paying interest on the utilized credit limit. Given below are some useful tips that can help you avoid paying interest on your credit card.

Make timely payment of credit card dues

Missing out on timely payment of credit card dues not only attracts interest as per the applicable credit card interest rate but also results in a penalty, adding to the pre-existing financial burden. It is thus advisable to make sure that you pay your credit card bills within the due date.

Also, when short on finances, you can opt to pay the minimum amount due once in a while to ensure that you avoid unnecessary interest accrual. Nevertheless, making a habit of paying the minimum amount due can be unhealthy for your overall financial standing as the outstanding balance shoots up the bill amount for the following billing cycle. Plus, not making bill payment in full can also hurt your credit score. You must, therefore, try to make full payment of your card’s bill within the due date.

Also Read: What Is Conversational Marketing

Spend only as much as you can repay

Making unnecessary purchases with the card can also result in a bill amount that strains your finances. Thus, you can be mindful of the expenses you opt to address with your card and limit it to the extent that is easily repayable. It can help ensure timely bill payments and thus result in avoiding interest levy as per the credit card interest rate.

You can be mindful of the accumulating bill by referring to your card’s statement online from time to time and spend accordingly.

Avoid making new purchases until the outstanding is paid

New purchases made while you carry the balance from a previous billing cycle only add up to the monthly bill, unnecessarily increasing your financial burden and chances of accumulating interest. You can thus look to it that you make new purchases only when you have made full payment of the previous credit card bill.

Doing so also allows you to benefit from an interest-free period of up to 45 days on credit cards for such purchases, which may otherwise not be available.

Convert your card’s bill to EMIs

Card providers also bring an option to convert your credit card purchases into EMIs for affordable repayment. Thus, if the bill amount strains your finance, you can opt for the conversion of such a bill into easy EMIs and meet the monthly liability without paying any interest.

For instance, the Bajaj Finserv RBL Bank SuperCard allows you to convert your monthly purchases into easy EMIs for convenient repayment. The card also comes with several other attractive features like interest-free ATM withdrawals that enhance its utility for cardholders.

Further, the card issuer brings pre-approved offers to make financing hassle-free and helps save time. One can avail these offers on several financial products, including credit cards, personal loans, and business loans. You only need to provide essential contact details like your name and mobile number to check your pre-approved offer.

Schedule bill payment

To repay your credit card debt on time, you can opt to schedule such monthly payments by sending standing instructions for direct debit of the bill amount within the due date. It will not only ensure that you do not miss any payment but will also reduce the hassles of keeping track of important dates.

Other ways to use your credit card wisely and avoid paying additional charges include limiting international transactions, opting for a card balance transfer, etc.

While these tips can be typically useful in avoiding or limiting any unnecessary charges, you can further boost the convenience of using your card by making purchases aligned with its reward programs. It can help maximize the card’s utility by helping with annual savings.

Also Read: Teleworking Vs Face-To-Face Work On The Way To A Mixed Model

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