How Do Credit Cards Work?

The global villager is slowly drifting from the use of hard money to the use of plastic money. Plastic money is gaining popularity because they’re portable, efficient, reliable, and a safe way to make transactions.  There are a lot of things involved in the workings of a credit card. All this information can be overwhelming to a new credit cardholder.

By reading the article below, you will be able to answer the question comfortably, how do credit cards work?

What is a Credit Card?

A credit card is a plastic card that allows you access a credit limit set by your credit card company (Know more from Nerd Wallet). The credit limit differs from one cardholder to another depending on the credit worth of the holder. Credit limit elevates as the user makes more transaction using the credit card.

How does credit work?

The credit card is an unsecured revolving line of credit. You can use the card to make purchases using the card. At the end of the billing cycle, a statement detailing the amount you owe for the period is mailed to you.

The credit card company allocates you a credit limit which is based on your ability to repay. Late payments attract interests on your loan. You can use the card to make cash withdrawals or make purchases. Interests charged on purchases are lower than interests on withdrawals.

Credit Card Charges

The credit card companies charge some fees to raise some revenue. The major fees include the following.

a) Late Fees

The credit card company charges a standard minimum charge which you need to pay every month. Late payment of the fee attracts an accumulative fee that increases daily. Late payments are likely to ruin your creditworthiness with other loan providers you may need in the future.

b) Annual fees

Credit card providers charge an annual fee to cater for the benefits enjoyed by the cardholder (Check more details from The Balance). Some providers do not charge esteemed clients the annual fee. The annual interest is deducted from the available credit. The interest accrues interest if not paid within the statement period.

c) Balance Transfer Fees

The credit card allows you to make a transfer from one credit to another. A friendly fee is charged to cater for the transfer of funds. The fee is a percentage of the balance you transfer.

d) Foreign Transfer Fees

Credit cards are getting accepted globally. Making purchases in foreign currency attracts a fee from the card issuer. Some credit cards charge no fees on foreign transactions. It is best to inform your credit card provider of your foreign expedition to avoid hefty charges on your transactions.

e) Cash Advance Fees

A credit cardholder can take out cash using the card. The transaction is charged a hefty fee. You should avoid the charges if you can purchase at the moment. Interests are charged from the moment that you make the cash withdrawal.

f) Credit Card Interest

Every credit card holder is charged compulsory monthly interest charges when the grace period comes to an end. Early payments attract low or no interest rates for the month. The charged interests are relatively higher because the credit issued is unsecured.

Types of Credit Cards Available

The available credit cards can be classified into the following categories.

a) Rewards Credit Cards

The credit reward cards deliver exactly what the name suggests. Some of the available gifts include points for flights, hotel stays, and cashback rewards. Card issuers introduce new rewards to lure more people into using their credit cards to make payments.

b) Student Credit Cards

The student cards are suitable for the school-going population seeking to avoid hefty annual fees and high-interest rates. Some attractive perks, which include movie ticket discounts, are regularly introduced to lure more students into taking the credit cards.

c) Low-Interest Credit Cards

Credit cardholders enjoy low APR charges. The interest rates are best when you hold on credit card debt from month-to-month. Different card providers charge low-interest rates and while some charge zero interest during the long grace period to lure newcomers.

d) No Annual Fee Credit Card

Most credit cardholders are required to make an annual payment for catering for the services enjoyed. Some credit cards require no upfront fee no matter how long. The card is best for the credit card newcomers that are trying to understand the workings of a credit card.

e) Secured Credit Cards

Almost all credit cards available in the market are unsecured to handle riskier borrowers. Cardholders are expected to make a security deposit to receive approval from the cardholder. The amount you deposit into the account acts as your credit card limit.

f) Low Income Credit Cards

Individuals in the low-income bracket receive low-income credit cards. holders of the card are required to earn $12,000 or more to service a credit limit of $5,000

How to Get a Credit Card

Fill an online application form available on the credit card provider’s website. Provide all the relevant information needed with utmost transparency. The issuer takes a short time to check your credit reports and scores (a guide here from Blog Cadre) to determine your eligibility for the credit card you applied for.

Most credit card issuers respond in less than five minutes. The application process takes about 10-15 minutes to complete depending on your network connectivity and availability of your documents. Qualified candidates receive the credit card in the mail within ten days.

Requirements to Apply For a Credit Card

Age Requirements.

Most credit card providers require cardholders aging as from 18 and above. Specific cards have the requirement that holders must be aged 21 years above.

 Income Requirements

To operate a credit card, you need to earn a certain amount of money annually as a compulsory requirement. Low-income credit cardholders should be earning at least $12,000 annually.

A good Credit History

The credit card is an unsecured loan that you pay at the end of each month. Since they are unsecured, one may need to have a good credit history record to get the credit card.

 Information on Your Income

You shall be required to upload copies of your income history. Employed folks may upload copies of paychecks. Self-employed individuals upload copies of tax returns as proof.

Documents of Identification

During your credit card application, you need to upload valid, verifiable documents of identification. Some of the accepted documents include a driver’s license or passports.

Advantages of a Credit Card

Holders of credit cards enjoy the following advantages.

a) The Card is Portable

The credit card is highly portable. It is like carrying bulk cash in a single card with negligible weight. You can carry the card conveniently in your wallet or one of your coat pockets.

b) Accepted in most places.

Most traders accept payments made using the credit card due to its trading power. It is not easy to get stranded at the store as long you still haven’t exhausted your credit card limit.

c) Regular Rewards

Credit card issuers encourage their clients to make more transaction suing the card by providing regular gifts. Clients receive discounts, redeemable loyalty points, and subsidized interest rates.

d) Helps in Building Your Credit history

Future lenders may need to dig into your credit history to determine your eligibility. Use your credit card responsibly to qualify for better interest rates from loan institutions.

e) Good in Keeping Track of your Finances

The credit card transactions are done electronically, thus leaving a traceable path. The credit card allows you to track your spending while keeping an eye on fraudulent transactions on your card. You are further protected from loss of money since you do not need to be carrying cash.

Disadvantages of a Credit Card

High-Interest Rates

At the end of each month, you are required to clear your balance to reduce the interest rate. When compared to other loans, the interest rates on credit cards are relatively very high.

One May Overspend

The credit limit is readily available, allowing you to make independent transactions. It is recommended that cardholders should take advantage of the finances tracking options.

Possible Fraud Case

Credit cards attract fraudsters since they believe that a cardholder has plenty of money. Methods that are being employed to steal from credit cardholders are evolving each day.  One cannot afford negligence and carelessness.

Expensive Charges Across the Border

Most people prefer the credit card because they are efficient for overseas use. Unfortunately, credit card companies may charge expensive rates for transactions that are made abroad.

You may have Mounting Debts

The credit companies charge relatively high interests. Failure to make a month’s payment attracts the increase of credits which you may grow reluctant to pay due to their inflated rates.

Credit Card Safety

There are numerous tactics used by credit card fraudsters, you can use the following steps to keep your account safe from foreign interferences.

  • Sign your card. As soon as you receive your credit card from the cashier, you should ensure that you sign it as required of you.
  • Do not leave a receipt at the ATM. Whenever you use your credit card to make a cash withdrawal, you should ensure that you take the receipt before you depart the ATM lobby.
  • Protect your Credit Card Details. Do not disclose any information regarding your credit card number to anyone. Beware of merchants that may embezzle your funds.
  • Maintain an emergency Call List. Have a list of emergency contacts at your disposal. The numbers will help you stop any unwanted transactions when you lose your card.

The credit cards are efficient for quick transactions from any location. To keep better track of your financial records, you should apply for a credit card if necessary. Many advantages are attached to the credit card. The major disadvantage is the high interests that clients have to pay.


Caffeine in Coffee vs Tea

Some people like to drink beverages in the morning before they go to work, school or participate in other activities. The type of beverage that the person chooses can make a big difference in how they feel throughout the day. Particularly, when the beverages that they consume contain a certain amount of caffeine in them. Therefore, you may even find that some people may prefer coffee over tea for that reason alone or vice versa.

Having said that, the questions is how much caffeine is in a cup of coffee and how much caffeine is in a cup of tea? The answer to this question can help people to make determine which option is best for their health as well as for their personal preferences. So, for those of you who are interested in knowing more information about the amounts in each, here are a few things that you should be aware of.

Adults Like to Drink Caffeinated Beverages Regularly

First of all, it is important to point out that many adults enjoy drinking caffeinated beverages. In fact, if you ever visit an individual’s home or apartment in the morning hours, you may find a sophisticated tea maker or coffee brewer making one or more cups for an adult in the family. These small or medium-sized appliances are often seen as staples on kitchen tops for easy access in the U.S and any countries too. Because these beverages have become the norm and not the exception in many households today, it is essential that everyone knows exactly how much caffeine they are consuming in order to protect their overall health. One of the best ways is to make sure that everyone knows that there are some distinctions in how much caffeine is contained in each beverage that they drink. This information is especially valuable for those who want to drink a cup of tea or coffee in the morning, in the afternoon or late at night.

Switching from Coffee to Tea or Vice Versa to Reduce Your Caffeine Intake

How Much Caffeine is in Coffee

Coffee drinks Size in oz. (mL) Caffeine (mg)

  • Espresso, decaf 1 (30) 0
  • Instant 8 (237) 63
  • Instant, decaf 8 (237) 2
  • Latte or mocha 8 (237) 63-126
  • Brewed 8 (237) 95-165
  • Brewed, decaf 8 (237) 2-5
  • Espresso 1 (30) 47-64

When you are trying to determine how much caffeine is in a cup of coffee today, you will need to do your homework first. This is because there is no one size fit all answer to this question since there are other factors involved. For instance, as seen in the data provided above, the amount of caffeine is based on the size of the cup in ounces and the type of coffee that the person drinks. Based on information supplied by the Mayo Clinic, 1 8 ounce cup of brewed coffee contains as much as 95- 165 milligrams of caffeine, which is quite hefty compared to an 8-ounce cup of instant coffee. Therefore, if you really want to cut down on the total amount of caffeine in the morning, you will need to take these factors into consideration. Regardless of the type that you drink, you may even want to cut down on how many cups of coffee that you are drinking throughout your day. Simply put, you may only want to drink one cup of brewed coffee in the morning instead of drinking the second in the afternoon.

How Much Caffeine is in Teas

Green Tea vs Black Tea vs Coffee
Source: Liquid Image
  • Teas Size in oz. (mL) Caffeine (mg)
  • Brewed green 8 (237) 25-29
  • Ready-to-drink, bottled 8 (237) 5-40
  • Brewed black 8 (237) 25-48
  • Brewed black, decaf 8 (237) 2-5

As mentioned above, when you are trying to determine how much caffeine is in a cup of tea today, you will need to do your homework first. This is because there is no one size fit all answer to this question since there are other factors involved. For instance, as seen in the data provided above, the amount of caffeine is based on the size of the cup in ounces and the type of tea that the person drinks. Based on information supplied by the Mayo Clinic, 1 8 ounce cup of brewed black coffee contains as much as 25- 48 milligrams of caffeine, which is a larger amount of caffeine compared to a ready to drink 8 oz bottled tea brands (5-40 oz).

Compare Apples to Apples and Oranges to Oranges — Caffeine in Coffee vs. Tea

If you are thinking about reducing the amount of caffeine that you are drinking every day, you may be thinking about switching from coffee to tea. In fact, it may be a natural assumption that drinking tea is much better than coffee because of its strong flavors. However, the ultimate decision that you make will have to factor in several different factors before you can make the best decision possible. For instance, if you like the rich flavors of the brewed taste in both coffee and teas, you may want to start with the comparison of the caffeine amounts in each brewed type.

  • Tea Size in Ounces/Milligrams Caffeine (Mg)
  • Brewed black 8 (237) 25-48
  • Coffee Brewed 8 (237) 95-165

With the example listed above, you will find that there is a significant difference in the amount of caffeine in an 8-ounce cup of brewed coffee when compared to an ounce cup of brewed tea. Therefore, if you are making a choice between the two, the choice would be relatively simple because of the similar factors involved. On the other hand, if you are thinking about drinking an 8 oz cup of decaf coffee (2 mg) instead of an 8oz cup of brewed black tea (25-48 mg), you will consume more caffeine in the tea that you drink. Therefore, if you are trying to consume less caffeine in the beverage that you drink, it is important that you know and understands how to make an informed decision with each option that you have been given.

Related: How long does it take to fall asleep?

How long does it take to fall asleep?

Many people ask themselves how long it should take them to fall asleep. If you’re among this group, it’s time that you stop worrying. How long it takes you to fall asleep should not be as long you think. It’s a challenge especially with the new improvement in technology and mostly affecting the young generation.

Note that, we all have different experiences. There are those who will hit the pillow and fall asleep immediately. On the other hand, there is a group that’ll turn and tosses in the bed for hours before they fall asleep. So how long does it to fall asleep?

The typical time it should take to fall asleep is 10 to 20 minutes

The standard time it should take you to fall asleep is an average of 10 to 20 minutes. For people who practice medications, most of them fall into this category. Also, it’s a group people believe that those who pray and chant fall. If it takes you minutes between the specified periods to fall asleep, it means that you’re in a natural sleep cycle. However, if it makes you less than ten minutes to fall asleep, there is something wrong with you. It can be that you’re not receiving enough sleep during the nights.

If it takes you up to an Hour and beyond

If it’s taking you an hour or more than an hour to fall asleep, it’s a sign that you have insomnia. It’s a condition that is common among the many sleep disorders, characterized by difficulties in falling asleep. There are a variety of reasons why you might have insomnia. These include;

  • Increased stress levels: for most of the people who suffer this disorder, it’s because they have a lot of worries in their mind. When you start experiencing insomnia, it’s a symbol of full-blown anxiety.

When you have insomnia, there are possible chances of developing other health challenges such as diabetes, heart diseases, and sleep apnea. A perfect way to fix the problem is to make sure you talk to a doctor. A physician can come up with a medication that can help you do away insomnia. Also, a therapist can be a better option.

Ways to help you fall asleep faster

It’s the desire of every person to fall asleep immediately they get into their blankets. However, most of the people will take an hour in bed seeking sleep. There are a variety of ways that you can find yourself asleep. These include;

Regulate your Room Temperatures

Among the best ways to make sure you fall asleep in a faster way by regulating your room temperatures. You should sleep in a room with temperatures ranging between 15 degrees to 23 degrees. Note that, each will have his or her preferences on the temperatures needed. Low temperatures help your body to cool down and therefore fall asleep in a faster way.

Avoid modern technology in bed

If you want to fall asleep within 10 to 20 minutes, you should not take electronics to bed. You should avoid using your television, computers, cell phones at least an hour before falling asleep. By doing this, you’re able to relax your mind and prepare it to sleep.

Always take a bath

Before you can get to bed, make sure to take a shower first. A warm bath helps to relax your blood vessels, leaving you with a slumberous feeling. Make sure not to use cold or hot water, but slightly warm water. In this way, you’re able to maintain the required temperatures to fall asleep. Also, warm water helps to relax your body muscles after you get to bed.

Make a Schedule plan

Make a schedule of all the things you want to do during the day with hour-limits as well as the time to get asleep. In this way, it’s possible to stay alert during the day, while the internal clocks alert your body on sleeping time. Make sure to follow the schedule if you want it to work effectively. In this way, it’s possible to get your body adjusted to the plan and therefore to make it simple to fall asleep at night.

Practice Meditation and Yoga

If you want to fall asleep within minutes when under stress, you should consider practicing meditation and yoga exercises. In this way, a person can calm his or her body. With yoga exercises, you’re engaging your body in breathing practices as well as body movements. Such helps to relief your body from tension and stress created within your body. On the other hand, meditation helps to enhance melatonin levels, helping your body to achieve a better state. In this way, these practices help you to fall asleep within minutes.

If you were wondering how long it should take you to fall asleep, now you know. If you’re experiencing a normal sleep state, it should only take you between 10 and 20 minutes. If it’s taking you a much longer time, the above-discussed tips will help you fall asleep faster. Put them into practice, and you’ll see the results.


Tips to Keep in Mind When Attending a Concert

When it comes to the overall concert and concert experience, there are a lot to consider. How successful and fun a concert will depend on how you plan yourself for the event and what concert tips you addressed before hand. During the concert, people get hurt, drugged, punched, trampled or even get lost. To avoid these bad encounters, below are some tips you need to keep them in mind for a good concert.

Choose your concert location carefully

The more convenient your place of choice for the concert is the more secure you will be during the concert. Your concert location must be easily accessible by any means of transport you will be using. Good location is vital for your budgeting and security if by chance you decide to leave the concert at night.

Dress appropriately

Concerts are characterized by crowded people making movements through dances. If the show is being done indoor, be assured that the extent of heat generated inside the room can easily make you suffocate just in case you are dressed in heavy cloths. You, therefore, need to wear lightly but at the same time protecting yourself from adverse climate.

Protect your luggage

Am sure you are not that person who would want to keep on checking for the presence of your money, handbag, and phone at the expense of concert fun. Once the show is on, few people get a hence to remember where they kept their belongings.

This gives thieves a chance to take advantages of the situation and steal from attendants. You will need to keep your pockets concealed or put some of your items inside your shoe. For the money, you will need to hide them inside your underwear. Failure to do so you will be exposing your belongings to unnecessary theft.

Take up a lot of water

Concerts are characterized by dancing and a lot of frictions that results in sweating and increased room temperatures. When you sweat, you will end up losing a lot of water hence getting dehydrated. You, therefore, need to drink tons of water before, during, and after the even.

Avoid going alone

This depends on the nature of the concert, location, and the crowd present. Generally is it not good to go on a show alone. A team ensures all of you have security and Skye to for the concert. If anything wrong happens, a friend will be able to keep your watch giving you a chance to enjoy the concert with confidence.

Stay alert

Terrorists’ takes advantage to attack areas with crowded people. Once you get into a concert, it is good to establish where the security is located. Once you notice anything that looks suspicious, do not wait for someone else to report the matter for you. Inform the security immediately.

Mind your health

We have had cases of airborne diseases in the past spreading like bush fire in crowded countries. Some countries especially in Africa like Liberia have had cases of Ebola. We hope that you do not intend to go out and have fun only to return infected with a deadly disease.

You, therefore, need to take research on the health conditions of the place you will be visiting. If possible, take immunization or preventive drugs of the disease you suspect it is too rampant in the area you will be attending.  

Have a camera with you

It’s sure that you will need to keep the history of the concert experience. This is something that you can only do through taking videos or photos during the process. So go with a camera with yourself and capture a picture or two. 

Seating places

Where your seat during the concert is the overall determinant of whether you will enjoy the show or not. Do you want to seat at the VIP or where the common people seat? Again, can you afford the budget of seating at the VIP without serving yourself financially? These questions are some of the issues you need to address even before you enter the concert room.

Avoid taking anything to eat or drink from strangers

Except for those people whom you have come into the concert together with, the rest are strangers to you. Even the nicest looking people may be having ill motives to you. Cases of people who have gone to parties or concert and end up being poisoned are rampant nowadays.

If you must take anything to drink like beer from a stranger, ensure you keep an eye to your drink.

Memorize your phone number

And at least two or three of your friends’ phone number.

Just in case your phone gets lost or dies out of charge, and you need to contact your friend, you will need to have phone numbers of them on the figure tips. With their contact in place, you can borrow a phone from any willing friend to make a call


There are the tips you can follow to get yourself an awesome lifetime experience with the concert. As long as you plan accordingly, get assure shows have the best experience ever.