Credit card with fuel discount.

In addition to cashless payment, a credit card now often offers the opportunity to save money by refueling when refueling. You can find out how these discount programs work and what you can really save here:

The credit card tank discount system works in a very simple way and is identical for almost all credit card providers – except for the amount of the tank discount:
For every fuel bill that the cardholder pays, he receives a discount. The discount is granted regardless of the petrol station. Depending on the card provider, this discount is between 1% and 5% of the sales amount.

A condition for receiving the discount is that the fuel bill was paid with the credit card. The fuel discount is usually posted back monthly to the customer’s credit card account. The advantage of this discount system is, of course, the savings in fuel costs. However, the following example briefly explains how high the savings actually are.

Sample calculation for the tank discount

Sample calculation for the tank discount

The fuel discounts are almost always limited to the extent that the cardholder does not receive the discount on an unlimited amount of fuel bills, but usually there is a limit of 200 to 300 USD per month.

Anyone who now travels an average of 1,500 kilometers per month and therefore refuels around 90 liters per month, pays around 140 USD for petrol per month, which is around 1,700 USD a year. With a discount of 2%, you would save 34 USD per year. If the limit of a maximum of 200 USD per month is reached, a maximum of 48 USD per year could be saved due to the tank discount.

What should be considered regarding the discounts?

What should be considered regarding the discounts?

In addition to the possible price savings as an advantage, the credit card with a tank discount can also have a disadvantage. Many consumers only see the possibility of saving money while refueling, but do not consider the further conditions of the cards.

If, for example, the annual fee for the credit card is relatively high or if relatively high fees are charged for foreign orders, the savings from the discount can quickly disappear. It should therefore be noted that in addition to the tank discounts, you should always pay attention to the other credit card conditions, especially since the discount is almost always limited anyway.

The bottom line is that a credit card with a fuel discount can be worthwhile if you can make the most of the discount and the other card conditions are not unfavorable. This is the only way to really save money when refueling.

Get Credits to study abroad

It is not surprising the desire of many university students, to try to overcome the negative perspectives that there are in youth employment in our territory, – where unemployment among its members has reached the quota of 56% -, they choose to leave our borders to initiate or expand their university studies and, in this way improve their positions to enter the labor market.

Have you thought about expanding your academic horizons?

bank

Now you can study and exchange projects in universities abroad, whether public or private institutions. Includes travel and stay costs, as well as those derived from the training itself. This format in the ways of financing is constituted as another incentive to improve the academic record and face better prospects of guarantee before the important challenge of finding employment in Spanish companies.

It is not surprising, therefore, the desire of many university students to try to overcome the negative perspectives that exist in youth employment in our territory, where unemployment among its members has reached the quota of 56%, according to the latest data recorded and being To the tail of member countries of the European Union, only ahead of Greece, they opt for this educational model.

To face it, the recipe lies in improving training, which in many cases involves going to schools abroad, especially those of greater academic prestige. However, this educational option for Spanish university students is not always easy to achieve due to the excessive economic cost that must be faced and, in many cases require the formalization of a loan to access these studies.

For this, the banks have developed a series of very well-defined proposals that cover all types of university studies, from a career to their extension to a master or postgraduate course, and that are offered under conditions not at all favorable to their interests, moving the interest rates that apply between 6.50% and 8.00%. However, they are not available to all university students, as entities often demand good academic records from their applicants.

On the other hand, although they do not require personal or family guarantees, they can include commissions that cost the product up to 2%. In any case, their main contribution is the period of lack that they include in their clauses, – and those lacking other less specialized financing models – in which only interest is paid and allow students a greater relief to face their debts during the first years of studies.

They are not uniform designs, and although students’ wishes to go abroad to improve or expand their training prevail, there is also a lack of proposals in which cultural exchange is subject to the criteria for selecting candidates, which are financed also travel expenses such as stay and provided that the requirements of the lender are met.

Banking Sector Responses

Banking Sector Responses

Good Finance provides as a solution to cover these expenses, giving its claimants the total cost of their stay abroad with a maximum of 18,000 dollars and, from which the students and graduates are beneficiaries up to 31 years.

An interest rate linked to the European reference index plus 5.50% is applied, and with the incorporation of an opening fee of 3.00% and a cancellation and amortization fee of 1.00% . On the other hand, it contemplates a maximum repayment period of 4 years and up to 1 year of lack of capital to benefit from this financing.

Good Credit for those who wish to complete their training abroad has a financing for their studies that provides them with an amount less than 45,000 dollars. This banking proposal is made with an interest rate of 7.91%, and also with an opening commission of 1.00% and another for early repayment compensation of 0.50%.

It provides a more flexible return period of up to 10 years

It provides a more flexible return period of up to 10 years

including the period of lack. As an additional contribution for contracting, it contemplates the possibility of paying interest only during studies (lack) with a maximum term of 5 years.

Also, when the cost of tuition for studies is less than 15,000 dollars, other expenses related to the studies, such as material and rental of housing, among others, may be financed.

It serves to study a bachelor’s degree, a master’s degree or a postgraduate course outside our borders, which also includes the travel and expenses of the stay to the country of destination.

The maximum amount that can be demanded is up to 30,000 dollars, with a term to return it that is equivalent to the official duration of the race plus 5 years. With respect to the interest rates applied, the first year is fixed and the subsequent one is referenced to the 12-month Fine Bank.

Money loans: what options do you have

A money loan is a financial service that is provided by banks, financial institutions or individuals. Although apparently all money loans offer the same, there are different types, which have different characteristics, requirements and conditions.

When choosing a loan it is important that

money loan

As with other products, you take the time to research and compare the options available in the market. At Good Lender we want to help you carry your personal finances responsibly, so we share information about the main options you have when you need a loan.

Pawnshop

This type is known as loans with collateral, that is to say that the institution you go to will lend you an amount of money in exchange for leaving an item in guarantee, which can be jewelry, appliances or even automobiles and deeds of real estate. Many people turn to pawn shops because the loan is delivered in cash almost immediately. However, when applying for pawnshops, you run the risk of losing your assets if you fail to pay on time.

Lender

In this case, those who offer the loans are particular. By not having a legal figure before the Condusef, the clients of the lenders cannot request the support of any public institution if a controversy arises in the loan agreement. Although many people see the fact that lenders do not consult the credit bureau as a great advantage, this is an indicator of the irregularity with which these types of money loans are handled.

Loans

Loans

Depending on the way they are processed there are two types: traditional and online.

  • Traditional loan: it is a much safer option than the previous ones and is usually backed by well-established financial institutions. The problem is that the procedures must be carried out directly at the branch and, usually, take several weeks.
  • Online loans: thanks to advances in technology, fintech now offers online loans that can be requested without leaving home. In addition to being a very secure loan option, it has the great advantage of providing a response in a couple of hours. Depending on the company, customers can receive their loan in less than a day, or even in just a few minutes.

We know that many of the situations that come unexpectedly require us to act immediately

money loan

However, making decisions without being properly informed can lead us to jeopardize the state of our personal finances. Do not wait to have to attend an emergency. Find out, know and compare the options of money loans. If you are interested in knowing more about the requirements and advantages of online loans, we invite you to visit us.

Mortgage credit: some telling figures

Are you about to make the most substantial financial commitment of your life? Do you want to buy a house or an apartment? Here are some telling numbers about mortgage credit. This is a long-term loan guaranteed by a mortgage. But how is it different from current credit? Small overview:

 

A pyramidal structure

mortgage credit

The mortgage loan generally covers 80% of the value of your property. Equity constitutes the remaining 20%. Most of the financing organizations divide the real estate debt into two rows. The first covers 66.6% of the value of the property and the second rank 13.4%, which must be amortized over 15 years but at the latest at retirement age. Mortgage credit therefore forms a sort of pyramid with the first rank at the bottom, then the second rank and then the equity at the top (excluding debt).

 

Granting criteria for a mortgage loan

In order to determine if you can benefit from a mortgage loan, financial institutions take into consideration three determining criteria:

  • You must have 20% equity (10% neither from your pension fund nor from repayable loans).
  • The charges (interest + depreciation + maintenance costs) must not represent more than 33% of your income.
  • To obtain financing up to 80%, the pledge value retained by the bank must correspond to the purchase price of the property.

 

Loan costs and interest

money loans

To calculate the cost of a mortgage, you have to take into account the amount of debt (80%), the duration of the contract and the interest rate, which can change, depending on the variant you choose.

  • Fixed interest rate: determined by the financial institution and which will remain unchanged throughout the duration of the contract.
  • Variable interest rate: this can change depending on the capital and money market. It can be changed up or down at any time.
  • Libor interest rate: based on the Loan And Save Bank Offered Rate, it is adjusted every 3, 6 or 12 years.

 

Questions? Call a specialist!

Since a mortgage loan represents a lifetime commitment and therefore, the best thing to do is to call in a specialist! An experienced professional such as Loanflix-Services can compare the best offers and provide you with a free quote without obligation !