Author: Finance Time

Interest rates on credit cards are often presented as an Annual Percentage Rate (APR). This percentage is applied to your outstanding balance to calculate the interest you’ll owe. The APR can vary widely between different credit cards and is influenced by several factors such as your credit score, the type of card, and the lender’s … Read More “Understanding The Dynamics Of Credit Card Interest Rates” »

Credit card rewards programs come in various forms: cash back, points, or miles. Cashback is a straightforward concept where a percentage of your spending is returned to you. Points systems, on the other hand, award points for each dollar spent, which can be redeemed for a wide range of rewards, from merchandise to travel. Similarly, … Read More “Navigating The Labyrinth Of Credit Card Rewards Programs” »

Credit limits are not set in stone. They can fluctuate over time, depending on your financial behavior. If you consistently pay your bills on time and maintain a low credit utilization ratio, the issuer may increase your limit. Conversely, if you frequently miss payments or exceed your limit, the issuer may decrease it. The credit … Read More “Decoding The Enigma Of Credit Card Limits” »

We all get to a point in our lives where we feel like we’re ready to take on the responsibility of a credit card. After all, having a credit card can be a great way to build your credit and improve your financial situation. But before you apply for a credit card, there are a … Read More “5 Things To Know Before Taking A Credit Card” »

It can seem like there any endless options for where to save your money. With new online-only banks, debit access cards, and other deposit accounts, there are plenty of alternatives for someone looking to make a change in how they handle their money. We’ll look at credit cooperatives and banks below. Traditional Banking Banks have … Read More “Credit Cooperatives And Banks: Savings Options” »

Saving money is the first step towards providing a secure and stable future for yourself. Once you’ve started to put some money aside, you may be curious where exactly you should be keeping these savings. One of those options is a preferred savings account. Selecting the Account Most banks, even more, modern or digital-only institutions, … Read More “Saving Methods – A Preferred Savings Account” »