Thursday, December 8

Author: Veronika Nicoladge

How Do Credit Cards Support Bitcoin?
Business

How Do Credit Cards Support Bitcoin?

The world of cryptocurrency is complicated to many people, but its popularity is only growing as companies begin to launch Bitcoin credit cards. These cards might be the right fit, but savvy users have many factors to consider before signing up for one. How Do Bitcoin Credit Cards Work? The premise behind a Bitcoin credit card may sound strange. After all, Bitcoin is highly volatile. However, as more people invest in Bitcoin, it makes sense for credit card companies to integrate them into their rewards systems. Essentially, these cards function the same as any other rewards card, but they have cryptocurrency redemptions. Like typical credit cards, the holder will be charged similar variable interest rates and have debt if they cannot pay their monthly balances. Top Three Bitcoin Credit ...
Difference Between a Flat Rate and Reducing Interest Rate
Business

Difference Between a Flat Rate and Reducing Interest Rate

When applying for a loan, it’s essential to understand that banks and non-banking financial companies, or NBFCs, offer different loans for your needs. These include home loans, personal loans, MSME loans for a business, and even corporate loans. When applying for a loan, you choose between a reducing interest rate and a flat rate. As many people don’t understand the difference between the two, they often choose the wrong rate for their needs. The wrong interest rate for you results in spending more to pay back a loan and future loan avoidance. Read on to learn which loan type is best for you. What Is A Flat Rate? A flat rate is an interest rate that calculates interest based on how much a borrower receives on the loan. However, the interest rate remains the same and does not decrease ...