Are You Stuck in a Minimum Payment Trap?

February 10, 2021

When using a credit card, it’s important that you never lose track of one important detail: the fact that a payment will come due sooner rather than later. When your statement arrives, you’ll see two things: Total balance Minimum payment If the total balance blows you away, it’s easy to turn your attention to the minimum payment. After all, this number is sure to be much smaller and easier to digest. The problem with this is simple: if you fall
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Credit Card Questions to Answer in 2020

November 15, 2019

As 2019 comes to a close and 2020 arrives, there are a variety of finance related questions that deserve your attention. Even if you have positive vibes about the credit card you’re currently carrying, there are a few questions you can address to ensure that you’ll remain in a good spot for the months to come. Here are five credit card related questions to answer in 2020: 1. Is there anything your current credit card doesn’t offer that you want?
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Why Do Credit Card Issuers Set Limits?

February 28, 2018

When applying for a credit card, it can be both exciting and stressful as you wait to learn your credit limit. Some issuers provide this information the instant you’re approved, while others opt to share your limit in the letter that includes your actual credit card. There are two primary reasons why your credit limit is so important: Your limit impacts your buying power Your limit impacts your credit score, as 30 percent of your score is the ratio of
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Only Apply for Credit Cards You Will Be Approved For

February 21, 2018

Are you ready to apply for a credit card? Do you know what it takes to narrow down your options, all with the idea of finding the perfect piece of plastic? In today’s day and age, it’s easier than ever to apply for a credit card. You can search through offers online, learn more about the features of each one, and apply within a matter of minutes. While this level of convenience is sure to put a smile on your
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Choosing the Best Credit Card

June 13, 2017

After the U.S. Census Bureau, more than 181 million American citizens are credit cardholders. Seventy eight percent of consumers own a credit card, and the average owner has 3.5 cards. This means, that nearly everybody ought to make its own decision on choosing the best credit card offer. Just browse online or through the daily newspaper, move around the town and you will see competing offers everywhere. In this situation, what are the most important factors to consider while deciding?
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How 0% APR Credit Cards Help

If you are in the market for a new credit card, then it’s no surprise that a 0% APR credit card is appealing to you.   In fact, a credit card with no interest is appealing to people who aren’t shopping for credit cards. Who doesn’t want the ability to borrow money at no cost?   It isn’t all that difficult to find a credit card that offers 0% APR. In fact, these credit cards are more prevalent today than
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10 Business Credit Card Tips

Although small business do benefit from a business credit card it is important and imperative to manage the business credit card effectively. To begin with your business card and its offers will be primarily based on your personal credit score and report. As a business entrepreneur you too must check about the credit card companies and their reporting credit agencies. The common agencies are Dun & Bradstreet, Experian, Business Credit USA, and Equifax. Before accepting a card it is important
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Credit Card Advantages

Credit cards have many advantages if used judiciously. It fulfills all your needs. You can buy anything with a credit card. Because of various benefits the card provides to the users, everyone from teenagers to retirees in the United States has credit cards. Convenient to shop : Credit card is very much convenient to buy anything anywhere. If you are on a shopping spree and want to buy so many things at different shops in a market, credit card will
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Types of Credit Cards

Amid stiff competitions, credit card providers are coming up with different types of credit cards targeting different categories of people with different features and offering target specific benefits. Besides the standard credit cards for general public, there are student credit cards, business credit cards, store credit cards, airline credit cards, gas credit cards, teen credit cards, etc. These cards are specially meant for the targeted group of people. Standard credit cards Almost all the credit card providers offer standard credit
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Top Tips : Low Interest Credit Cards

For many people searching for a new credit card online, the annual interest rate, or APR seems to be the only important factor, and many will only check out low interest credit cards before making an online credit card application. Credit card issuers also tend to advertise the low interest rate credit card more that any other kind of card. But should low interest credit cards be the only ones on your list when searching for the best credit card
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Great Rate Credit Cards

Average credit cards are usually low on features and carry higher rates when compared to other credit cards. Most of the credit cards that consumers will find online are designed for people with very good credit or poor credit.   However, in today’s market, the average credit scores nationwide for consumers have been trending downward. This is forcing banks and credit card issuers to focus on consumers who have fair to average credit more so than they have in the
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Getting the Most from your Credit Card

Credit cards can be a valuable money management tool if used properly. We have many choices in card features, perks, and rewards.   Getting the most out of any credit card starts with choosing the one (or several) that best suits your needs. Credit cards offer more than a convenient way to pay, and if you manage your credit card accounts well, you can be sure to get the most out of your credit card while paying less for those benefits.  The
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Credit Cards and your Fico Score

The average middle-class American household carries between $6000 and $11000 in credit card debt, depending upon who you choose to believe. Each household also had an average of 5.4 credit cards. In 2006, 173 million Americans were credit cardholders and that number is expected to increase to 181 million by 2010. As you know, your FICO (Fair Isaac & Company) score is a used as a prime indicator of your credit worthiness and plays a crucial role in your ability
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Getting your First Credit Card

In today’s day, having a credit card is beyond a privilege, it is a necessity. Credit cards are the most convenient method we currently have for point of sale purchases and online payments.   You do not have to worry about carrying your money around, let alone losing it. It has proven to save us time and most importantly money. There are cards for every spending budget, reward benefits, and special features tailored for each consumer. They can really come
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Reducing Credit Card Interest

Credit cards are nothing new to American consumers. Everywhere you look, Americans are constantly being asked to apply for a new credit card. Now, you probably know what the selling point is with most cars, the interest rate. This is because the interest rate or APR on your credit card delegates how much money you will have to pay back over the life of the loan. A lower interest rate means that you are going to pay less back! Due
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First Credit Card?

In the economic environment of today, although you may not need to use it, having good credit is vital to survival. It positions you as a fiscally responsible person and can help ensure that:   You get better rates on your mortgage; You get better rates on your car loan; Your security deposit, if your utility company requires it at all, is as low as possible; Your potential landlord favors you over someone with a bad credit rating; and Your
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Credit Cards by Credit Rating

We live in the world of credit. Most of the banking institutions offer different forms of credit from credit card to signature loans. Majority of people often find themselves in bad credit situations like court judgment, bankruptcy, repossession, foreclosure and loan default,due to lack of enough financial knowledge and discipline which often make it difficult for them to get any credit at all in future. So – what exactly is credit? Credit means that you are getting a service or
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Reviewing Credit Offers

How do you know which credit card is really best for you when they all claim to be good. They can’t all be right can they? The fact is that the right card for you is going to come down to how you use your card. Find out what you need to look out for and compare when applying for your next credit card. Credit cards have been an important part of modern living. The option of getting a credit
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Choosing a Credit Card

June 12, 2017

Have you ever taken out a credit card only to find a better deal later? Credit card deals can confuse as when considering a new credit card there are a number of options to be taken into account. In this article I’ve outlined seven options to be considered when you take out your next credit card. How many times have you taken out a credit card based purely on its current interest rate or balance transfer option? You may be
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