Credit Card Mythology 101
On campus for the first time and you feel like you should apply for a student credit card to celebrate your freedom? That’s a great idea, but before you fill out that first application, let’s examine some of the most popular credit card myths out there.
You have to have good credit to get good credit [...]
The Warning Signs of Credit Card Abuse
If you dread opening your mailbox everyday and run screaming every time the phone rings because it might be a bill collector, then you might have a problem with credit card abuse. Living in fear of your credit debt is just one of the signs of this serious issue. Credit card abuse is not something [...]
Why You Should Avoid High Balances
High credit card balances are not a good thing to be toting around. Being deep in credit debt can be a place that is hard to climb out of, and there are lots of reasons you should avoid putting yourself in that position. Let’s go over a few:
1. It can make you look bad. Owing [...]
A Better Balance Transfer
A balance transfer is a great financial tool to help consolidate higher interest rate credit card bills and payments into one. Several credit card companies offer options specifically designed for debt consolidation efforts. Make sure you know the full details on the balance transfer option, however, before you apply.
The first thing you need to know [...]
“Credit” is NOT “Cash”
Do you automatically pull out your credit card to pay for a purchase without even thinking, OK, should I use cash or my credit card? Well, it’s more normal than not these days to choose the credit card payment method. Stores everywhere make paying with credit cards so easy and they’re just so darn convenient. [...]
Is It Worth Transferring a Balance?
Okay, so how many times have you gotten a credit card offer in the mail claiming, “0% APR Card for Balance Transfers” in big, bold letters? If you’re like most people, you’ve probably been the recipient of quite a few of these offers. But the real question is: should you do it?
Like any situation in [...]
When Zero Percent Can Zap You
Do you receive offers from credit card companies every day in the mail? It seems like it, doesn’t it? Credit card companies are very competitive; they want you to choose their company. Every credit card company is vying for your business. They make incredible offers to entice you to apply for their services. You have [...]
Being Late is a Big Deal
Credit card companies WANT you to be late. When you’re late on your payment, they make more money. This can do some pretty rotten things to your wallet, but more importantly, it can sabotage your credit report.
Late or missed credit card payments can drop your credit score faster than you can say “grace period,” so [...]
Need A Card? The Help is Out There for Bad Credit
It is really easy, especially these days, to get into trouble using your credit card(s). Young people, in particular, who get their very first credit card, their first taste of responsibility, who leave home to go to college and/or move out on their own for the first time, can find the credit card an easy [...]
How Credit Cards Are Getting Smart
It is recommended that you don’t have more than three credit cards at one time, lest you overload yourself with possible debt. Soon, it is suggested, you will only need one credit card – a smart card. Smart credit cards are a growing new trend. They are currently used more frequently in other parts of [...]
