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” »
Despite popular belief, you can still get a credit card if you have bad credit. Even with a score of 450, you can get a credit card from some banks or even a secured credit card. If you are in control of your spending this may be an option you should take. A secured credit … Read More “What You Should Know About Getting A Credit Card With Bad Credit Score” »
Credit cards can be a great tool to boost your credit score. The problem comes from how people use credit cards. Not knowing a few basic credit card tips can hurt your score and significantly hurt your financial situation. There are 3 main credit card tips you can use to ensure you get the most … Read More “3 Credit Card Tips That You Should Know” »
A recent study surfaced on most financial publications in the credit card news section. The study mostly crunched the numbers and revealed a surprising conclusion. According to the findings, adults with higher education have considerably more credit card debt than credit card users that just finished high school. The reason as to why this is … Read More “Adults With Higher Education Have Higher Credit Card Debt” »
Cashless transactions have become the new norm. Credit card processing of transactions skyrocketed in 2020 and the trend is estimated to grow in the next couple of years. It is more likely for people to have a credit card in their wallet than cash. The saying that cash is king seems to have lost its … Read More “Credit Card Processing Transactions As Estimated To Grow Exponentially” »
