Economy
Things You Need to Know Before Applying for your First Kredittkort (Credit Card)
Deciding to get a credit card or Kredittkort as it is called in Norwegian is a big financial decision. Hence, it isn’t something that you should do without having ample knowledge about these financial items.
Therefore, in this article, we will share with you some important things you need to know to enable you to get the beste kredittkort (best credit card) that is just right for you.
Let’s get started…
1. As a beginner you might not get the beste kredittkort
You shouldn’t expect to get the beste kredittkort that offers rich benefits, long periods of 0% interest, or great sign-up bonuses. Such products are only given to applicants who have acquired at least a credit score of 690 upward as well as those with a very long credit history with a certain required income level.
In most cases, when you go for your first card, what you will get is a low product that is designed for folks that have no or a low credit score. While this might sound disappointing, such products tend to provide great rewards, and annual fees aren’t charged.
2. You could build or ruin your credit with your first kredittkort
Apart from the fact that getting one of these products allows you to make everyday purchases, a not too well-known reason for getting one is that it is a great way to improve your credit. Interestingly, you could end up ruining it if you don’t exercise caution.
Once you pick up plastic money, your kredittkort activity will be reported to credit bureaus. In the report, it will be stated if you paid your money on time as well as the credit you made use of so far.
Therefore, to ensure that your activity keeps you in good graces, do not max out your plastic. Always ensure that you make full payments and make them on time. You should also keep below the limit of your credit; about less than 30% is the recommended percentage.
Monitoring your kreditt (credit) scores will help you know your standing. Hence, you can easily make adjustments if you discover that you are moving towards the wrong side of the credit line.
3. Making a security deposit helps in obtaining a kredittkort
Sometimes first-timers can find it difficult to get their credit cards because they don’t have any credit. To hack this problem, you can opt for a secured kredittkort. These plastics are specially made for folks who have no kreditt or have damaged their existing kreditt.
All you need to do is make a cash deposit, then your deposit becomes your credit limit. The deposit amount is dependent on the type of plastic you want to get. However, the minimum amount range that you can deposit is $200 to $500. You could choose to deposit above that range if you want your credit to be higher.
You still need to be careful though as you could lose your deposit if you fail on your payments. But if your payments are always on time and you don’t spend your entire card’s credit but remain the percentage we mentioned earlier, you will be able to build up your kreditt within some months.
When that happens, your issuer can choose to upgrade your account and issue you an unsecured card. Alternatively, when you notice that you’ve been able to build good credit, you can apply for one yourself. Then you can then have the secured card closed. Whichever happens, you will get your initial deposit back.
4. You can avoid kredittkort fees
This is something not many know about; however, you can avoid these fees if you don’t have existing credit. This is because a lot of beginner cards are free from annual charges. Hence, that is one fee you don’t have to worry about.
Furthermore, you don’t need to bother about late fees if you make your payments on time. If you won’t be using plastic in a foreign country, then foreign transaction fees wouldn’t be a bother either. Cash advances and balance transfers fees can be avoided if you don’t carry out these transactions.
Although over-limit fees are practically extinct, you shouldn’t go over your kreditt limit as a result. You can be protected from over-limit fees if you don’t choose the protection for over-limit. This protection allows your charges to be covered by your issuer when you are over your limit. Moreover, if you spend below your limit, you don’t have to worry about this fee even if you opt for the protection.
5. You can avoid interests
That sounds like the single most absurd statement as far as credit for most folks is concerned. However, it is entirely true. What is the trick? Well, all you need to do is make sure that the bill on your plastic for every month is paid in full. Once you do, you activate the grace period.
The grace period prevents the accruement of interests on new buys. This lasts until your next payment date. Once the next date is due again, simply pay the full bill again and keep the cycle flowing.
Interest is accrued on new buys immediately once you fail to complete full payment of your bill. This is apart from the interest you pay on the existing balance from the previous month.
6. The fees and rates can be known before you apply
Issuers are mandated by federal law to reveal some terms which include fees and rates to potential customers before they apply. You can find these fees and rates in a Schumer box on the issuer’s online application page or an enclosed slip in paper applications.
Some of the contents included in the Schumer box are the card’s annual fees, the APR, foreign transaction fees, late fees, etc. Visit https://bettermoneyhabits.bankofamerica.com/en/credit/what-is-apr to learn more about APRs
While these will be revealed to you before you apply, other information will be disclosed after you have applied and have been approved. One of such is your kreditt limit.
7. You are allowed to pay above the minimum
Many have fallen into this “trap” innocently because of the minimum payment due that is usually displayed on kredittkort statements. Hence, many have come to think that just paying less is something that can and should be done rather than paying more. Nevertheless, if you choose to pay less, then you will end up paying a lot more later.
Paying the minimum simply means that the interest, fees (if there’s any), and a bit of the balance of the last month are covered. Hence, making such a payment means you haven’t upset your credit. Therefore, if you continue in this pattern, it could indeed negatively affect your credit.
8. Handling kredittkort fraud is quite easy
Compared to debit cards, handling frauds on kredittkort is much easier thanks to the protection these plastics offer. Allow us to explain…
If your card gets used by crooks, you don’t have to worry much about it because it is not your money in the actual sense but that of the credit card company. Hence, you can resolve the issue almost immediately.
Also, thanks to federal law, the low liability policies of most issues protect you from having to pay for card purchases that weren’t done by you.
Furthermore, you can easily get a replacement plastic by simply informing your issuer about the fraud. When you do this, they are obligated to cancel that compromised card and send you another one that has a new number. Hence, the fraudsters will not be able to use the old one.
9. Paying late is costly
When you make late payments, it will affect you in the following ways:
- You will be charged late fees.
- You might be charged penalty APRs.
iii. Your kreditt will be affected especially if it is 30 days late or more.
Conclusion
In the article above, we’ve shared with you the important things you need to know before getting a credit card. With this information, you can walk to any issuer and get the very best.
Economy
Trump Earned over $1 billion Through Cryptocurrency; How Can an Ordinary Investor Earn $17,700?
Trump publicly criticized Bitcoin in 2021 but rapidly shifted his stance during the campaign, proposing to make the United States the “global cryptocurrency capital.”
After returning to the White House, he signed an executive order supporting the development of the digital asset industry. Meanwhile, reports indicate that Trump and his associated businesses have generated over $1 billion in gains through cryptocurrency.
As we enter 2026, cloud mining is emerging as a new area of interest amidst the continued development of computing infrastructure and digital asset markets. For the average investor, the question arises: how can one generate $17,700 in passive income—or even more—despite constant market volatility?
Cloud mining： represented by platforms like SHRMiner, is rapidly gaining market attention. By providing rentable computing power services and earning mining rewards, it allows users to access the complete cloud mining process and earn passive BTC income without purchasing expensive equipment or specialized skills.
Recently, SHRMiner, a UK-based cloud mining platform, officially launched a new “free cloud mining service.” This service is designed for holders of mainstream cryptocurrencies such as BTC, XRP, DOGE, LTC, and EHT, providing users with a new opportunity to participate in cryptocurrency mining without any entry barriers.
How to earn passive income from BTC through SHEMiner cloud mining
Start earning returns in just three simple steps:
- Register an account
By visiting the official SHRMiner website, users can register for a free account in less than two minutes and receive a $15 sign-up bonus; this bonus allows them to quickly experience the platform’s services and earn a daily return of $0.60 from a complimentary trial contract.
- Select a cloud mining plan
Choose a cloud mining plan that suits your needs and budget. The platform offers flexible plans ranging from $100 to $200,000 to meet the investment goals of different users.
- Start earning returns
After purchasing a contract, earnings are automatically settled within 24 hours without requiring additional management or action; users can withdraw their earnings to their cryptocurrency wallet addresses at any time or reinvest the profits to benefit from the compounding effect.
The primary advantage of this model is that it significantly lowers the barrier to entry. Users do not need to research specific mining hardware models or hashrate configurations, nor do they need to set up their own system environments; simply by registering an account, depositing assets, and selecting a mining plan, they can start earning returns.
SHRMiner Platform Advantages:
- Supports daily automatic settlement
- No additional electricity or maintenance costs required
- Utilizes advanced ASIC mining hardware, powered by renewable energy sources including hydropower, wind power, and solar power
- Supports mining for multiple currencies: earn mainstream cryptocurrencies such as BTC, XRP, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
- Equipped with SSL encryption and DDoS protection, a real-time earnings dashboard for easy monitoring of mining performance
- 100% remote access, fully accessible via the SHRMiner application or browser without hardware requirements, and 24/7 online technical support.
⦁Affiliate Program: The Affiliate Program allows you to earn up to 4.5% commission by referring friends, with the opportunity to earn an additional bonus of up to 30,000.
Examples of common contracts:
| Contract Name | Price | Profit | Days | Principal + Total Return |
| New User Experience Agreement | $100 | $4 | 2 | $100+$8 |
| Bitdeer Sealminer A2 Pro | $500 | $6.25 | 5 | $500.00 + $31.25 |
| Litecoin Miner L9 | $1000.00 | $13.00 | 10 | $1000.00 + $130 |
| Bitcoin Miner S21 XP Imm | $5000.00 | $70.00 | 25 | $5000.00 + $1750 |
| Bitcoin Miner S21e XP Hyd | $10000.00 | $150.00 | 35 | $10000.00 + $5250 |
| ANTSPACE HW5 | $50000.00 | $900.00 | 45 | $50000.00 + $40500 |
After purchasing a contract, earnings will be automatically credited to your account within 24 hours. Upon contract expiration, your principal will be returned in full. You may withdraw the principal or reinvest it to benefit from compound returns; please click here for more details regarding the mining contract.
Unimaginable money-making opportunities
What sets SHRMiner apart is its extraordinary daily passive income; users have the opportunity to earn $10,700 or even more each day, turning the dream of online wealth into reality. Imagine generating substantial income without the need for ongoing investment or complex setups—that is exactly what SHRMiner offers.
Safety and Sustainability
In the mining sector, trust and security are paramount; SHRMiner fully recognizes this and prioritizes user safety above all else. Committed to transparency and legitimacy, SHRMiner ensures your investment is protected, allowing you to focus on profitability. All mining facilities utilize clean energy, making this a carbon-conscious cloud mining operation. Renewable energy protects the environment from pollution while providing a powerful energy source.
In short
If you are looking for ways to generate passive income, cloud mining is an excellent choice. When approached correctly, these opportunities allow you to effortlessly build cryptocurrency wealth on “autopilot” with minimal time investment. At the very least, they are far less time-consuming than any form of active trading. Passive income is the ultimate goal for every investor and trader, and with SHRMiner, maximizing your passive income potential is easier than ever.
To learn more about SHRMiner, please visit the official website: https://shrminer.com
Complete List Of The Top Crypto Platforms in Nigeria: Where to Trade Safely
As a Nigerian just getting started in crypto trading, or someone trying to rebuild their confidence after a bad trading experience, the fear of losing your hard-earned money is valid. This is why choosing a reliable crypto platform to carry out your trading is very important.
The good news here is that there are several trusted crypto platforms built to serve Nigerian traders, offering secure trading, fast withdrawals, and competitive fees.
In this guide, you will discover the top crypto platforms in Nigeria, what makes each one stand out, and how to choose the best option based on your trading goals.
Top 4 crypto platforms in Nigeria
NOSH
Nosh is one of the top platforms in Nigeria and Ghana with the best crypto trading services, offering the best rates for crypto trading, allowing you to get good value for your digital assets. With its user-friendly interface and 24/7 customer support, it is a very good option whether you are a new or experienced crypto trader.
With Nosh, you get:
- Instant payouts on every transaction, no unnecessary waiting.
- Advanced fraud protection with two-factor authentication to keep your account and transactions secure.
- Easy and direct conversion of crypto to Naira or Cedis within a few minutes; no need for third-party apps whenever you are ready to cash out.
- High exchange rates.
- Transparent rates with a rate calculator to know how much you will be getting.
Nosh supports a variety of cryptocurrencies such as Bitcoin, Dogecoin, USDC, USDT, Ethereum, Tron, Litecoin, and Binance Coin.
KUCOIN
KuCoin is another popular crypto platform known for its P2P (peer-to-peer) marketplace. With KuCoin, you can trade your crypto directly with a buyer or sell your crypto directly with a seller. KuCoin holds the crypto in escrow until the seller accepts that they have received the payment; this is done to avoid fraud from the buyer or seller of the crypto.
With KuCoin, you get:
- To carry out P2P trading with escrow protection.
- To use multiple payment method options like bank transfer, USSD, and mobile-money-linked options.
- Offers competitive and relatively low trading fees, especially if you’re holding KCS (KuCoin’s native token).
- Gives you access to spot trading, futures/derivatives, staking, and other earn products
KuCoin supports stablecoins such as USDT, USDC, and TUSD.
COINCOLA
Coincola is also a top platform ranked as one of the best P2P trading platforms for Nigerians. With Coincola, you get to buy and sell your Bitcoin and USDT with real-time price tracking. Coincola is your go-to platform if you need one that offers flexible funding options like cash deposit and bank transfers. However, there have been reports of withdrawal delays.
With Coincola, you get;
- A P2P marketplace to buy/sell Bitcoin and other coins directly from vendors, with their completed-trade counts shown upfront so u can trade with caution.
- Instant BTC conversion with real-time price tracking
- To use multiple local funding options like bank transfer, cash deposit, and gift cards
- An escrow system that holds your money until a trade is confirmed.
Coincola supports cryptocurrencies like USDT and TRON.
YELLOWCARD
Yellowcard is another popular crypto platform that offers not only P2P trading but also allows you to buy and sell assets like USDT, USDC, PYUSD, BTC, and ETH with regional payment options like mobile money, bank transfers, and cash deposit. However, in 2025 they announced they no longer offer crypto-to-cash retail services.
With Yellowcard, you get:
- Direct access to buy and sell crypto rather than waiting to match with individual P2P counterparties.
- To use multiple funding methods like bank transfer, mobile money, and cash deposits.
- Free local and cross-border transfers via “Yellow Pay” to 20 different countries in Africa.
Factors to consider when choosing a crypto platform
- Don’t just look at the advertised trading fee. Some platforms hide the extra cost, so your actual rate ends up higher than expected. Do a small test trade first and see what you actually receive.
- The best platform in the world is useless to you if it doesn’t support how you actually move money, whether it’s bank transfer or mobile money. Check that before you even sign up, not after.
- Some platforms convert instantly; others, especially P2P ones, need you to wait for a counterparty to show up. If you need your money fast, that difference matters a lot.
- If you specifically need USDC or another less-common stablecoin, don’t assume it’s there on the platform. Double-check the coin list before you commit to one.
- Support should not be silent when something goes wrong. Look for evidence people actually got helped, not just a “24/7 support” badge.
- If a platform can’t tell you clearly how they protect your money, that’s a red flag on its own. Always go for one that prioritizes security.
FAQs
- Which crypto platform is best in Nigeria?
The best crypto platform in Nigeria is Nosh. Nosh offers the best rates for selling crypto with direct crypto-to-naira conversion to easily change your crypto to cash when needed.
- Can I teach myself crypto trading?
Yes, you can. There are many platforms and tutors with tutorial videos and lessons on how to start crypto trading on your own.
- What is the most popular crypto in Nigeria?
The most traded cryptocurrency in Nigeria is Bitcoin, making it the most popular.
Conclusion
When you trust the right platform, your journey in crypto trading is safe and secure. Always look out for crypto trading platforms that meet your needs alongside keeping things like payment options, a good list of coins they support, and other factors mentioned in this article before committing to one.
Always start with a small test trade first to see what you are getting; it will help you get a better idea of how the platform works so you don’t fall victim to hidden charges not included in price tags by some platforms.
By Adedapo Adesanya
Okitipupa Plc was the sole price gainer at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, August 7, lifting the trading platform by 0.44 per cent at the close of transactions.
The share price of the palm oil producer appreciated during the trading session by N25.00 or 9.0 per cent to N277.00 per unit compared with the previous day’s N252.00 per unit.
As a result, the market capitalisation gained N12.29 billion to close at N2,807 trillion, in contrast to the previous session’s N2.795 trillion, while the NASD Security Index (NSI) added 93.63 points to finish at 4,678.08 points compared with Thursday’s 4,657.59 points.
The bourse recorded a price loser yesterday, and this was Mass Telecoms Innovation Plc, which crashed by 3 Kobo or 9.4 per cent to settle at 32 Kobo per share versus the previous day’s 35 Kobo per share.
The volume of securities traded by investors plunged by 81.5 per cent to 535,7560 units from 2.9 million units, the value of securities slumped by 93.9 per cent to N6.0 million from N99.2 million, and the number of deals decreased by 41.9 per cent to 36 deals from 62 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units transacted for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 77.0 million units exchanged for N5.5 billion.
GNI Plc also ended the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, trailed by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
