Companies Helping Coronavirus-Impacted People

Companies Helping Coronavirus-Impacted People – SmartAsset

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In response to the coronavirus, companies across the country are pursuing coronavirus relief efforts to help people and businesses most impacted by pandemic. Tech companies are donating millions to help small businesses, healthcare workers and COVID-19 patients. Meanwhile, companies outside the healthcare sector are producing hand sanitizer, masks and other products to curb the spread of the virus. Many are also establishing programs to help those who can’t come to work. In addition to benefitting from companies who are doing their part to help people stay safe and financially afloat, Americans can also work with a financial advisor to protect their investments during this time of uncertainty.

Tech Industry

Amazon

Amazon launched a $5 million Neighborhood Small Business Relief Fund. It will support cash grants for Seattle-area small businesses with fewer than 50 employees or less than $7 million in annual revenue. The fund is aimed at businesses that heavily rely on foot traffic.

The e-commerce giant also plans to hire more than 100,000 warehouse and delivery workers to cope with a spike in demand. Amazon is also raising pay for these workers based in the U.S. by $2 per hour.

Google

Google has pledged an $800 million coronavirus relief package to help small-to-medium sized businesses, health organizations, governments and healthcare workers affected by the coronavirus. Part of this package includes $340 million in Google Ad credits for small businesses with Google accounts. It also includes $240 million in ad grants meant to help the World Health Organization (WHO) and more than 100 government agencies “spread critical information about COVID-19.”

The company is also setting aside $20 million in Google Cloud credits for researchers and academic entities working on potential vaccines, therapies and other efforts against the coronavirus.

Facebook

Facebook is also rolling out a coronavirus relief package for businesses. The social media giant intends to send $100 million in cash grants and ad credits to more than 30,000 small businesses based in the countries where its employees work and live. The company announced that it wants the cash to help businesses stay afloat and continue paying employees who can’t go to work.

Facebook plans to release applications for this relief package in the coming weeks. But users can sign up to receive more information as it’s made available.

In addition, Facebook announced it’s committing $100 million to help local news outlets cover the coronavirus pandemic. That includes a $25 million emergency grant for the Facebook Journalism Project and $75 million set aside to support the marketing efforts of these news organizations.

Facebook is also giving $1,000 bonuses to each of its employees.

GoFundMe

GoFundMe is collaborating with Yelp and Intuit QuickBooks, the makers of TurboTax, to run the Small Business Relief Fund. Through this initiative, qualifying businesses that have raised at least $500 through GoFundMe will receive a matching $500 grant. GoFundMe has posted a Frequently Asked Questions (FAQ) page designed to help businesses determine if they qualify.

“Social distancing and government-mandated shutdowns are disproportionately affecting businesses that need foot traffic to survive,” GoFundMe said in a statement. “Whether it’s the local bakery, pizzeria or nail salon – they need us.” As of this writing, the fund has raised more than $1.6 million. Its goal is to raise $1,700,000. Anyone can donate to this fund, which the company will use to support qualifying small businesses.

Microsoft

With the help of other businesses and government entities, Microsoft helped launch the COVID-19 Response Fund (CRF). Administered by the Seattle Foundation, this fund is designed to provide financial assistance to Puget Sound locals most affected by the coronavirus including individuals without health insurance, people who can’t take paid sick leave and healthcare workers. Microsoft donated an initial $1 million to the fund. But as of this writing, the CRF has generated more than $15 million. The Seattle Foundation will use this money to administer one-time grants for local public health organizations and nonprofits working directly with affected communities.

And to support its own employees, Microsoft announced it will continue paying hourly workers supporting its campus. The company will also keep paying vendors their normal pay even during times of reduced service needs.

Apple

Apple is donating millions of masks to healthcare workers across the U.S. and Europe. It’s also extending unlimited coronavirus paid sick leave to any retail staff member experiencing symptoms of the coronavirus.

Salesforce

Salesforce has created a $1.5 million dollar coronavirus fund for affected citizens in San Francisco.

UberEats

UberEats has temporarily waived fees for its independent restaurant partners. And to give local businesses some fuel, the company is eliminating delivery fees on food from more than 100,000 independent restaurants.

CASETiFY

CASETify, a company that produces phone cases and other accessories, is giving 100% of the proceeds on its new UV tech sanitizer to the Coronavirus Relief Fund. This is a registered non-profit sending supplies, food and other necessities to communities impacted by the virus.

Retail

Walmart

Walmart has rolled out an emergency paid leave program. It will support workers suffering from the coronavirus and those under mandated quarantine with two-weeks pay. If they still can’t come to work after those two weeks, they may extend pay up to 26 weeks. This policy applies to part-time and full-time associates.

Instacart

The grocery delivery company Instacart plans to hire 300,000 “shoppers.” The company is also providing paid sick leave benefits to workers suffering from the coronavirus and those in mandated self-quarantine. And as the delivery industry takes on added pressure, the company announced customer ratings won’t affect contractors’ access to future order requests.

Service Industry

Airbnb

Airbnb has pledged $25 million to support hosts impacted by cancellations in light of the coronavirus pandemic. The company is extending its extenuating circumstances policy to cover some reservations booked on or before March 14 with a check-in between March 14 and May 31. In a press release, Airbnb announced it would allow the following for covered reservations:

  • Guests will be able to cancel for a full refund for COVID-19-related circumstances
  • Airbnb will pay 25% of what you would’ve received for a cancellation based on your cancellation policy. For example, if you would normally receive $400 USD through your cancellation policy, the company will pay you 25% of that—or $100 USD.
  • Future payments from the fund will be made on a monthly basis to hosts with qualifying cancellations.
  • This policy will also apply retroactively, including any cancellations Airbnb hosts may have had since March 14.

Hilton

As the coronavirus spread, the hotel industry became one of the hardest hit sectors. Nonetheless, Hilton is waiving cancellation fees for customers in countries where the coronavirus is present.

Delta

Delta’s CEO announced he is forgoing the rest of his 2020 salary in order to reduce the company’s layoffs.

U-Haul

College students who have been forced out of their dorms can request up to 30-days of free self storage space from U-Haul.

Food and Beverage

Anheuser-Busch

Anheuser-Busch, the maker of Budweiser, is redirecting its sports and entertainment sponsorship investments to non-profit organizations assisting those affected directly by the coronavirus. And in addition to a $5 million donation to the American Red Cross, the company is also working with its sports partners to turn arenas and stadiums into temporary blood drive centers. Anheuser-Busch is also donating media air time to the American Red Cross.

Moreover, the company announced that it’s using its supply and logistics networks to produce hand sanitizer. According to a company press release, the disinfectants will be transported to Red Cross blood donation centers to support emergency shelters.

Yum Brands

Yum Brands CEO David Gibbs is foregoing the rest of this year’s $900,000 base salary in 2020 to give one-time $1,000 checks to general managers of companies it owns, including KFC, Pizza Hut and Taco Bell. Part of that salary will also support the Yum Brands Foundation Global Employee Medical Relief Fund, which would provide grants to employees directly affected by the coronavirus.

Domino’s Pizza

Domino’s Pizza expects to hire about 10,000 workers nationwide in response to the coronavirus pandemic. The company is seeking drivers, cooks, customer service representatives, managers and licensed truck drivers.

Entertainment

Netflix

The content streaming giant Netflix is setting up a $100 million relief fund to support cast and crew members of productions that have been put on pause because of the COVID-19 pandemic. Moreover, the company stated it will provide $15 million to “third parties and non-profits providing emergency relief to out-of-work cast and crew personnel in the countries where it has a large production base.

Manufacturing

Automotive Industry

The United Auto Workers (UAW), General Motors Co., Ford Motor Company and Fiat Chrysler Automobiles have joined forces to create the COVID-19/Coronavirus Task Force. The group plans to share its resources in order to protect manufacturing and warehouse employees in the midst of the coronavirus pandemic.

Financial and Insurance Services

Allstate

The insurance company Allstate announced that it will allow some homeowner and auto policyholders to delay two consecutive premium payments with no penalties.

Banks

To help customers and businesses financially affected by the coronavirus, several banks are rolling out relief programs and donating to organizations assisting the most at-risk people in their communities. Below, we list some initiatives. Some banks have also established relief programs aimed at businesses affected by the coronavirus pandemic. The best way to see if your bank has any relief program in place is to contact a customer service representative.

  • Bank of America CEO Brian Moynihan donated $100 million to support nonprofits
  • JP Morgan Chase bank CEO Jamie Dimon donated $50 million to “address immediate public health needs as well as long-term economic challenges.”
  • Citizens Bank donated $5 million to support small businesses and communities impacted by the coronavirus.
  • Truist Financial Corp plans to commit $25 million to bring aid and supplies to communities that have been affected by the coronavirus. Through its Truist Charitable Fund, the bank is donating $1 million to the CDC Foundation and John Hopkins University. It’s also delivering $3 million to United Way organizations through its Truist Foundation.

More About Coronavirus Relief Programs

  • You may soon receive a coronavirus stimulus check. You can use our calculator to see how much you can expect. Use it for necessities or put it in a savings account.
  • The best thing you can do to shield your investments and savings during troubling economic times is to work with a qualified financial advisor. Our advisor matching tool recommends up to three local advisors based on your needs. Vetted by SmartAsset, all of these advisors are fiduciaries. So they’re legally bound to provide advice solely in your best interests.

Photo credit: ©iStock.com/freemixer, ©iStock.com/FG Trade, ©iStock.com/mixetto

Javier Simon, CEPF® Javier Simon is a banking, investing and retirement expert for SmartAsset. The personal finance writer’s work has been featured in Investopedia, PLANADVISER and iGrad. Javier is a member of the Society for Advancing Business Editing and Writing. He has a degree in journalism from SUNY Plattsburgh. Javier is passionate about helping others beyond their personal finances. He has volunteered and raised funds for charities including Fight Cancer Together, Children’s Miracle Network Hospitals and the National Center for Missing and Exploited Children.
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A Bill Was Sent to the Wrong Address and Is Now In Collections: What Do I Do?

November 2, 2020 &• 4 min read by Gerri Detweiler Comments 6 Comments

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For many people, a call from a debt collector about a past due or delinquent account with no prior communication may signal that they’re dealing with a debt collection scammer. If you haven’t received any of the letters they say they sent—or didn’t know the debt existed in the first place—you might assume it’s not correct information. But another factor could be at play. Perhaps you simply didn’t get the mailed notices.

Just because you didn’t receive the notices doesn’t necessarily mean you’re off the hook for the debt. But you do have rights under the law. Find out what to do if you’re suddenly dealing with an unexpected collections account.

Always Request Validation of the Debt

First, make sure that the debt is actually yours. Older debts might’ve been bought multiple times by various collection agencies. That increases the likelihood of data being misconstrued and debts being assigned to the incorrect party. You also want to make sure the debt isn’t part of an identity theft issue because you didn’t know about it already.

The Fair Debt Collection Practices Act gives consumers the right to request verification or validation of a debt. The process may start when you get a phone call from a debt collector. Within five days, the debt collector must mail you a notice with information about the debt. They must also include an explanation of your rights.

If the initial contact from the debt collection agency is by mail, the notice should contain all the information mentioned above. However the first notice occurs, you have 30 days to request validation of the debt.

Once you ask for debt validation, the collection agency must stop collection efforts until it has fulfilled your request. The bar for what constitutes validation of debt is fairly low, but you should at least receive information on when and by whom the original debt was incurred.

This right is considered significant. In fact, even if the debt collector unintentionally fails to comply with this part of the law, it has violated the Fair Debt Collection Practices Act (FDCPA).

What if You Missed the Original Debt Collection Letter?

What if you don’t get the letter that triggers the 30-day deadline for requesting validation of the debt? According to National Consumer Law Center staff attorney April Kuehnhoff, the burden of proof in this case might fall on you. If the debt collector can show a letter was mailed in the course of normal business, you may need to prove it wasn’t mailed to the right address.

However, if the debt collector sent it to the wrong address and the letter was returned to the collection agency as undeliverable, there’s a good chance the collector didn’t fulfill the requirements of the law. That’s especially true if the collector can’t prove it updated the address and delivered the notice as required.

“Even if the letter is not returned,” says Kuehnhoff, “the debt collector may not have complied with the FDCPA if the letter is mailed to the wrong address. That’s especially true if the individual never lived at that address or hasn’t lived there for years.”

Michael Bovee, founder of the self-help website Consumer Recovery Network, says many legitimate debt collectors often treat random or unprovoked debt validation requests as if they were timely requests in response to collection notices. So, you have nothing to lose by requesting a validation of the debt even if you missed the initial notice.

Can a Company Send You to Collections Without Notice?

In some cases, you can end up in collections without receiving a notice about the original bill. This is rare, but it can legally happen.

However, it’s critical to understand your rights so you know how debts should impact your credit report. If someone never sent you a bill and you pay as soon as you are contacted about a collection, an argument can be made that you are not delinquent on the payment, for example.

How Do I Know If I’ve Been Sent to Collections?

One way to reduce the confusion and stress related to a sudden collections activity is to keep an eye on your own credit report. You can see if lenders think you owe them money. That way if a debt collector does call, you aren’t caught off guard. You also know if the debt is unlikely to be yours because it never showed up on your credit report.

Triaging Your Credit Report

Whether you find something incorrect when you check your creditor you’re dealing with a collection account without receiving any prior notice, you likely have options. The law affords you a right to a fair, accurate credit report. You can work with credit repair firms to dispute inaccurate items, potentially including collections accounts where you received no appropriate notification of the debt.

If you’re looking for a little extra help with your credit, take a look at ExtraCredit. It has five killer features all targeted towards your credit needs, including Restore It, which connects you to trusted repair leaders. ExtraCredit can help get you where you want to go.

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How Can You Get Credit Card Rewards for Buying Gift Cards?

November 9, 2020 &• 4 min read by Jason Steele Comments 0 Comments

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The gift card market is worth more than $130 billion annually. Is that any surprise? You’ve probably bought at least one gift card in the past year for a friend or family member. It’s an easy way to show someone appreciation and to make sure they can get whatever they want. But what if we told you both you and the gift-giver can benefit from gift cards? That’s right—you can get credit card rewards for buying gift cards.

How Can Buying Gift Cards Earn You Rewards?

If you have a rewards credit card, you earn points or miles on some—or all—of your purchases. Unless your credit card terms of service say gift card purchases don’t count for rewards, you can get points or miles when you use your credit card to buy a gift card.

For example, let’s say you earn one point per dollar spent. You’re planning to buy your mom a $50 gift card for her birthday and your niece a $25 gift card for her special day. Use a credit card to buy those gift cards at retailers, and you can earn 75 points just for buying gifts you were already going to purchase.

Maximizing Rewards When Buying Gift Cards

But it does get better. If you plan ahead just a little, you can maximize the rewards you get. For example, imagine you want to buy a $100 gift card for a couple for their wedding.

Your credit card gives you one point per dollar for any purchase. You could buy that gift card at a department store or drug store and earn 100 points. But what if you get three points per dollar when you shop at grocery stores? You may be able to purchase the gift card at a grocery store and earn 300 points.

But you don’t have to limit your gift card rewards earning to actualgifts. Are you planning to buy an appliance from a store such as Best Buy? Imagine it’s going to cost around $500. You might purchase $500 in Best Buy gift cards at the grocery store with your credit card and use them to buy the appliance. And if you’re earning three points per dollar, that’s 1,500 points!

Use Gift Card Purchases to Meet Signup Bonus Requirements

If your new credit card requires you to spend $3,000 in three months to get the signup bonus points, gift cards might help you get there. Perhaps you’ve spent $2,000, but you really don’t need anything else. You don’t want to spend $1,000 on random things just to earn the bonus points. But you could buy $1,000 worth of grocery, restaurant and other gift cards that you can use to fund your life in the next few months.

Avoid Abusing the System

Of course, you need to approach getting rewards from buying gift cards with moderation. If a credit card company thinks you’re abusing the system, they may cancel your points—or even your account.

So how could you abuse the system? If you’re spending thousands a month buying gift cards at grocery stores to maximize category rewards points and then selling those cards to friends, that’s abuse.

But imagine that you need to buy medication and other supplies at a drug store every month. If those costs are around $150, you might use your credit card to buy a $150 gift card at a grocery store chain every month. That’s because the credit card in question gives you six points per dollar spent at grocery stores.

You’ll earn an extra 900 points a month, while buying medications you already would be paying for. That probably won’t be seen as abuse.

Should You Use Credit Card Rewards for Gift Cards?

This really isn’t a two-way street. While you canuse credit card rewards to get gift cards in most cases, it’s usually the most expensive way to redeem your rewards. That’s because you need more points for every dollar redeemed on gift cards than you might on travel rewards or other options.

Reward Credit Cards

If you’re planning to use your credit card to buy gift cards at grocery stores or other retailers to earn more rewards, make sure it’s allowed first. If you don’t already have a rewards card, you can shop for one in Credit.com’s credit card marketplace. Here are a few options:

  • Chase Sapphire Preferred Card, which lets you earn one point for every dollar spent and comes with a generous signup bonus

Chase Sapphire Preferred® Card

Card Details
Intro Apr:

Ongoing Apr:
15.99% – 22.99% Variable

Balance Transfer:
15.99% – 22.99% Variable

Annual Fee:

Credit Needed:
Excellent-Good

Snapshot of Card Features
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.

Card Details +

  • Mastercard Black Card, which lets you earn 1.5% cash back or 2% airfare rewards

Mastercard® Black Card™

Card Details
Intro Apr:

Ongoing Apr:

Balance Transfer:
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening. After that, your APR will be 14.99%.

Annual Fee:
$495 ($195 for each Authorized User added to the account)

Credit Needed:

Snapshot of Card Features
  • Patented black-PVD-coated metal card—weighing 22 grams.
  • 2% value for airfare redemptions with no blackout dates or seat restrictions. 1.5% value for cash back redemptions. Earn one point for every one dollar spent.
  • 24/7 Luxury Card Concierge®—available by phone, email and live mobile chat. Around-the-clock service to help you save time and manage tasks big and small.
  • Exclusive Luxury Card Travel® benefits—average value of $500 per stay (e.g., resort credits, room upgrades, free wifi, breakfast for two and more) at over 3,000 properties.
  • Annual Airline Credit—up to $100 in statement credits toward flight-related purchases including airline tickets, baggage fees, upgrades and more. Up to a $100 application fee credit for the cost of TSA Pre✓® or Global Entry.
  • Enrollment in Priority Pass™ Select with access to 1,300+ airport lounges worldwide with no guest limit. Includes credits at select airport restaurants for cardholder and one guest.
  • Cell phone protection for eligible claims of up to $1,000 each year. Plus additional World Elite Mastercard® benefits.
  • Annual Fee: $495 ($195 for each Authorized User). Terms and conditions apply.

Card Details +

  • TD Cash Credit Card, which lets you earn 2% cash back at grocery stores among other perks

TD Cash Credit Card

Card Details
Intro Apr:
0% Introductory APR for 6 months on purchases

Ongoing Apr:
12.99%, 17.99% or 22.99% (Variable)

Balance Transfer:
0% Introductory APR for 15 months on balance transfers

Annual Fee:

Credit Needed:
Excellent-Good

Snapshot of Card Features
  • Earn $150 Cash Back when you spend $500 within 90 days after account opening
  • Earn 3% Cash Back on dining
  • Earn 2% Cash Back at grocery stores
  • Earn 1% Cash Back on all other eligible purchases
  • $0 Annual Fee
  • $0 Foreign Transaction Fee
  • Visa Zero Liability
  • Instant credit card replacement
  • Digital Wallet
  • Contactless Payments

Card Details +

Want to Get Approved? Have a Good Credit Score

Getting approved for top rewards cards does usually require good credit. Before you apply, make sure you know where you stand. Consider signing up for ExtraCredit to get details about your credit score as well as cash-back rewards when you’re approved for certain offers, including credit cards.


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Source: credit.com

Black Friday Shopping During Coronavirus: Tips for Success

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Many people choose to do their shopping on Black Friday to get great deals for the holiday season. It’s one of the biggest shopping days of the year, and consumers make Black Friday purchases both in-store and online. According to research compiled by Adobe Analytics, shoppers spent $7.4 billion on online purchases alone on Black Friday in 2019.

But many people might be wondering if Black Friday will happen in 2020. Read on to find out how COVID-19 might affect this holiday shopping day.

Black Friday Shopping Is Not Canceled: Great Deals Will Be Available Online

You might be wondering if Black Friday will be happening as usual this year. Though it’s not canceled, expect some changes to your typical Black Friday shopping experience.

Because of the COVID-19 pandemic, consumers’ shopping and spending habits are changing. For 2020, it’s recommended that consumers take advantage of online Black Friday deals to avoid visiting crowded stores for safety and health reasons.

The CDC recently issued guidance for Thanksgiving-related holidays. It notes that shopping in-person around the holidays is a higher-risk activity. But don’t worry–it’s pretty likely that your favorite stores are making online accommodations for Black Friday shoppers.

Yahoo! Finance notes that the more traditional Black Friday shopping experience won’t likely happen in 2020. Consumers can expect online sales to begin weeks before Black Friday to be more spread out over time.

As Black Friday approaches, you can also start thinking about how to save and spend when planning your Black Friday shopping. This year, Black Friday weekend will happen on November 27 and will be followed by Cyber Monday on November 30. You’ll be able to take advantage of a number of Black Friday deals both days.

Tips for Smart Black Friday Spending

Even if money is tight because of coronavirus budget cuts and layoffs, you probably still hope to do some shopping during the holidays. Planning carefully can help you save even more money and keep your holiday spending within your means, even during the excitement of Black Friday. Follow some of the following tips for smart Black Friday shopping.

Set a Budget

Having a budget in place helps ensure you spend only what you can afford. Look at your finances and savings to determine how much you can afford to spend on Black Friday deals.

Not sure where to begin? These budgeting tips can help you set and stick to a realistic budget.

Make a Shopping List

When you don’t work from a list when shopping, it can be easy to make mistakes and forget to buy what you need. Take some time to outline a list of your must-have Black Friday shopping items.

Don’t forget to include gifts for the holidays and essentials you’ve wanted to buy, such as kitchen appliances and electronics. That way, you get everything you need and you maximize your spending.

Don’t Stray From Your List

You made a shopping list for a reason. Be sure to stick to it while you shop. It’s also a smart idea to tally up the purchase amounts of your list to make sure the total fits your budget. Refer to your list while you shop.

Compare Sales

Some retailers might offer better deals on products than others, so do your research before Black Friday. This makes it easier to shop at the stores with the best deals and maximize your Black Friday savings. Check your favorite stores to see what Black Friday discounts they’re offering. You can even view Black Friday sales for major retailers on their websites or on sites such as Slickdeals and TechRadar.

If you plan to do your shopping online because of COVID-19, don’t forget to take a look at each retailer’s shipping costs. Ensure the total purchase price, including taxes and shipping costs, fits within your budget.

Use Your Rewards Card Responsibly and Strategically

It’s never a good idea to go into debt over shopping habits. This is true during Black Friday shopping too. When using credit cards to shop, use them responsibly. Don’t spend more than you can afford, and stay within your credit limit.

You might also want to use your credit cards strategically. Choosing to use the right credit cards when buying can help you rack up more rewards points and miles or earn more cash back. Be sure to take a look at the cards in your wallet well before Black Friday, and check each card’s terms and policies before you shop.

Look Into Store Credit Card Options

Another option is to take out a store credit card. Many retailers offer this option, sometimes with a special 0% interest promotion. That means you can make credit purchases on Black Friday without paying interest on them as long as you pay off the total within the introductory period.

Montgomery Ward Credit Card

Apply Now

on Montgomery Ward’s secure website

Card Details
Intro Apr:

Ongoing Apr:
5.75% – 25.99% Variable

Balance Transfer:

Annual Fee:

Credit Needed:

Snapshot of Card Features
  • Buy Now, Pay Later on 1000s of items with Wards Credit
  • Get payments as low as $10 a month.
  • No annual fees
  • Quick approval
  • Secure & confidential online account management
  • Buy now, pay later on a huge selection of furniture, electronics, appliances, shoes and more.

Card Details +

Review Your Purchases Before You Check Out

Before you check out, it’s smart to review your purchases. Ensure you know exactly how much you’re spending and that you’re staying within your budget. This can help you avoid last-minute and unnecessary purchases. Remember not to ignore shipping costs when you’re buying online.

Pay Off Your Credit Card Statements in Full

Carrying a balance results in interest charges if you don’t have a 0% APR offer. Credit card interest can be very costly, especially over long periods of time. It can also add up, making it easy for you to find yourself in a difficult financial situation.

Instead, consider paying your credit card statements in full every month. After you do your Black Friday shopping, pay off the cards you use. This helps keep your finances on track and set you up for continued success. If you struggle with carrying a credit card balance, other tips can help you use your credit cards more responsibly.

Be Smart When Shopping Black Friday Deals

If you’re ready to get some major deals this Black Friday, get ready to do a ton of online shopping. Following the above tips can help you reduce overspending risks and save money on Black Friday shopping. Familiarize yourself with your current financial situation and credit score before making purchases.

You can monitor your credit scores and keep track of your credit history by using Credit.com’s free Credit Report Card tool. If COVID-19 has affected your finances, there are financial resources available. If you plan to apply for a new rewards credit card, Credit.com can help you choose the right one.


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Source: credit.com