A credit card can at once be both a blessing and a curse. While it offers the convenience of cashless transactions, a cardholder must also bear the responsibility of using the piece of plastic in a careful and thrifty manner. With a credit card in hand, many consumers are tempted to spend more than they can pay off. Meanwhile, there are others who frequently max out their cards without realizing the negative effects of such actions.
Let’s say you own a single credit card that has a maximum limit of $2,000. In this case, you may feel that it’s okay to put a $1,500 purchase on it, especially if you can afford it pay it off. However, that would take your credit utilization ratio to 75%. The general rule to be followed with credit cards is that your balance should not surpass 30% of your credit limit. Ideally, you should ensure that it remains below 10% at all times. Here’s what can happen if you get into the habit of carrying a high balance on your credit card.
Of course, there may be situations where even though your credit utilization ratio is low, your authorized limit is just not high enough to allow you to use your credit card for your desired purpose. In such cases, you can request that your card company increase your limit. Alternatively, you can approach our team at Fund&Grow – our organization helps individuals and small businesses get up to $250,000 through creative credit card financing. And what’s more – this loan is not only unsecured but also interest-free! So if you know anyone with this sort of a requirement, have them call us at (800) 996-0270 and we will do our best to help them out.
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* "Funding" typically comes in the form of the issuance of business credit cards that may be used for business purposes. In such instances, we consider these credit lines as funding since businesses may tap those lines.
** Zero-Interest is based on the personal credit-worthiness of the business owner. 0% rates are introductory rates and vary in length of time, assuming all monthly required payments are made to the credit card company. Introductory rates of 0% apply to purchases and/or balance transfers after which it reverts to an interest rate, which varies by lender as disclosed in the lending agreement from the lender. Fund&Grow is not a lender.
*** The 60-day money-back guarantee only applies if client does not obtain credit. Please refer to the full Terms of Service for additional details.
"Fund&Grow was created to empower small business owners, but more importantly, to support entreprenuers in achieving their business and personal goals while they lead the way towards innovation." - Ari Page CEO of Fund&Grow
Ari Page and the Fund&Grow team help business owners obtain access to credit despite the ambiguous lending climate. Many people feel ripped off and scammed by the bank bailouts and wonder why they can't use the system to their advantage the way the big banks did. If you have good credit, the Fund&Grow program will get you the funds you need to grow your business.
Find 4,000+ 4.9-star average customer testimonials on the following platforms: SoTellUs, Trustpilot, Google, BBB, among others.
All credit is subject to lender approval based upon credit criteria. Up to $250,000 in business credit is for highly qualified files over the term of the membership with multiple credit card batches and/or credit lines. Introductory rates of 0% apply to purchases and/or balance transfers after which it reverts to an interest rate, which varies by lender as disclosed in the lending agreement. Fund&Grow is not a lender.
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