Posted by: islamicfinancingnews | April 18, 2014

Spring Cleaning for Credit Cards.

This is a great time of year where you get to enjoy what islamic home loans has bought you and do some spring cleaning in your house. It’s a great time to look after those dust balls in every little nook and cranny that you can find and an even better idea to look after your finances including your credit cards.
There’s no need to worry about any interest issues when it comes to islamic mortgage loans as they are free from riba, but that doesn’t apply to your credit cards so you need to take a careful look at the rewards programs in particular to see if they are worth keeping. It’s possible you’re getting a good rewards program from your current card but paying more than it’s worth in fees.

It’s another good idea to be careful about all the new offers the credit card world has. Some of these might be enticing, but it’s a good idea to phone your bank to see if they offer any incentives to keep you with the card your currently have. It’s also a good time of the year to reflect on how your Islamic home loans are able to keep you Sharia compliant.

 

 

 


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