The Card Guide by Wallaby Financial
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Transcript of The Card Guide by Wallaby Financial
PRESENTED BY WALLABY
CARD GUIDETHETHE
WHY CREDIT CARDS ARE SMART FINANCIAL TOOLS
๏ Credit cards earn you valuable rewards every 3me you swipe
๏ Credit cards provide you with added security and insurance
๏ Make sure to read the fine print to avoid unpleasant surprises
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
NUMBER OF CARDSIN 2012
CREDIT
350
300
250
200
150
100
50
0
PRE-PAY DEBIT
MILLIO
NS 333.6
159.1
282.8
WHAT YOU SHOULD KNOW ABOUT YOUR CREDIT SCORE
๏ Your score is an indica3on how likely you are to repay your debt
๏ Your score is dynamic and may change every day
๏ To increase your score, pay on 3me and limit your spending
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
FICO SCOREBREAKDOWN
35%
30%
15%
10%
Payment HistoryCredit Utilization Rate
Credit HistoryNew CreditTypes of Credit
10%
WHAT YOUR CURRENT WALLET SAYS ABOUT YOU
๏ Get more from your spending by using credit cards instead of cash
๏ Determine if your current cards are working for you
๏ Earn the best rewards with the right card
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
+18%-40%
THE NUMBER OFREWARDS CARDSINCREASED BY 18%FROM 2008 TO 2013 VERSUS A 40% DECLINE IN NON-REWARDS CARDS
MAKE YOUR CREDIT CARDS WORK FOR YOU
๏ Understand the different types of rewards
๏ Choose the credit card with the rewards you value the most
๏ Not all points are created equally
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
27% 5% 48% 20%
TYPES OF CARDS IN WALLABY’S DATABASE
No rewardsAirline miles
PointsCash back
CATEGORIES OF CREDIT CARDS๏ Understand the different types of credit cards
๏ Don't seGle for a card just because the issuer mailed an offer to you
๏ Take your 3me and do research to find the card that's right for you
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
2012 VS 2017
PERCENTAGE OF GROWTHTOTAL # OF CARDS
Union PayVisa
MasterCardMaestroAmexJCBDiscover
51%
2012
2017
29%
23%28%
36%
5%
26%
APRS, FEES, TERMS: STAYING OUT OF TROUBLE
๏ Understand both what you need and want from your card
๏ Read the fine print to understand how your card will work
๏ Call your issuer if you have any ques3ons about terms or fees
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
Total U.S. Outstanding Consumer Debtas of April 2014
Source: Creditcards.com
$3.18 TRILLION
LOYALTY PROGRAMS: THE GOOD, THE BAD, AND THE UGLY
๏ Loyalty programs can save 3me and money
๏ Some loyalty programs are linked to credit cards while others are not
๏ Memberships can be limited by terms and condi3ons changing at without prior no3ce and difficult redemp3on policies
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
2.65 BILLION US LOYALTY MEMBERSHIP PROGRAMS
21.9TOTAL MEMBERSHIPS
9.5ACTIVE
MEMBERSHIPS
GET MORE WITHOUT SPENDING MORE!
๏ Use your rewards card whenever possible
๏ Join loyalty programs, dining programs, and shopping portals
๏ Redeem your rewards frequently
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
HOW TO AVOID LOSING YOUR REWARDS
๏ Read the fine print to learn about the specifica3ons of your rewards program
๏ Track your rewards
๏ Don't let your rewards expire or devalue
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
1/3 OF CREDIT CARDREWARDS ARE
WASTED
MAKE YOUR CREDIT CARD PAY YOU
๏ You can earn money from your credit cards
๏ Make sure you have the right card for you in your wallet
๏ Keep track of bonus offers to maximize
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
READ MORE AT:
www.walla.by/the-‐card-‐guide
@wallabycard
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
PRESENTED BY WALLABY
CARD GUIDETHETHE