Month: May 2019

How Credit Cards Work

We help you understand how credit cards work

With the credit card you can pay for your purchases over time and make use of over 6,000 ATMs Request information

Few things are more useful in our day-to-day lives than credit cards. As a payment method, this ‘plastic’ is private and non-transferable, so only the card holder can use it.

Besides, credit cards give us access to credit lines that can help make life much easier. Let’s see how.


A loan when you need it


A credit card’s main feature is that it enables the cardholder to access a sum of money, even if the money is not currently in the account associated with the card. This is possible thanks to the fact that banks provide loans in connection with the cards. These are credit lines which we can easily access anytime we pay with the card.

As for a card’s credit limit, there are differences between the various types of credit cards on the market. Whether or not a card is granted to a particular customer is tied to the cardholder’s ability to pay.


How the money is repaid

The purchases made with the credit card build up on the card, and then they are charged to the account associated with the cardholder in one of two ways:

  • At the beginning of the following month: In general, the charges assessed to the card during the prior month are charged on the fifth day. With this type, there is no interest.
  • Deferred payment: Credit cards also allow customers to defer payments and split them into comfortable installments. This payment method involves interest which varies based on the banking institution.

The after card is NNCA’s credit card: pay for your purchases over time and make use of more than 6,000 ATMs: more information.


Services and benefits associated with credit cards

Services and benefits associated with credit cards

Many credit cards currently offered by banks come with a series of benefits. For example, there are cards that offer discounts for refueling at different gas stations, while others return a percentage of the amount spent on purchases with the card. On the other hand, some of these cards have programs in which users can exchange points for discounts or products of interest.

Similarly, some credit cards are linked to some type of insurance. These are the most common ones:

  • Travel insurance: normally these cover limited expenses as a result of theft, accident, or any other contingency which might take place during a trip, including delays or cancellations for flights or train rides.
  • Theft or fraudulent use insurance: this covers the use of money which was stolen or the result of card duplication.

Categories: Uncategorized

Loans in a Bank or at a Lending Company

If you are facing having to borrow money, you may want to go to the bank first to get a loan offer. Many people believe that the bank is always the cheapest place to borrow money, but this is not always the case.

The banks in Denmark can not always match the many other lending companies that have shot up in Denmark. The banks always require security for the loan, and after the financial crisis has taken place, they are more or less going with straps and harnesses when it comes to bank loans for cars, bicycles, motorcycles or other household items.

If you have recently looked at a new car and are in need of a loan, you should, instead of setting up a loan at the bank, examine the possibilities of an alternative loan offer from a loan company. The loan companies are serious companies, which can easily compete with the banks’ offers and save you a lot of money.


Advantages of bank loans

Advantages of bank loans

There are quite a few advantages to borrowing money in your bank, but it is usually only practical reasons, such as having all your loans collected in one place, and you know your bank adviser, etc. But why not go for the loan As cheap as possible?


Disadvantages of loans in a bank

Disadvantages of loans in a bank

There are also disadvantages of borrowing money in the bank, some of which may be that they usually require security for the loan and they are very critical of your financial situation. Many people today find it difficult to borrow money in the bank for cars, bicycles, etc. as their home equity in the home has shrunk in recent years, or completely disappeared.

Many loan companies do not claim security, they call it loans without collateral, and it gives the benefits that you can borrow money for just about anything at a competitive rate, including car, motorcycle and bicycle loans.


We help you with an interest rate that is better than with your bank

We help you with an interest rate that is better than with your bank

The interest base has developed a system where you get to the country’s best loan companies with only one application form, we ensure you get the best loan offer, and thus can find the best interest rate, which hopefully can compete with loan offers from your bank.

Use the link from the right-hand side and fill out your loan information, and we will do the rest!

Categories: Uncategorized