Using a high interest credit card is like throwing money down the drain! If you're wasting money with a high APR, you should consider applying for a low interest or 0% APR credit card instead. Although your credit score will ultimately determine your interest rate, apply for a lower APR and you could save a ton on interest charges. Here's an example of how much you can save just by reducing your current APR: Your current credit card...more
Thanks to Federal laws and credit card company policies, losing your credit cards doesn't mean extensive losses to your bank account or damage to your credit score. Federal law caps your liability at $50 in such an event, but most credit card companies have a $0 liability clause, if you call within 24 hours of the loss. If a thief uses your card before you report it missing, the most you will owe for unauthorized charges is $50. ...more
Excellent credit begins with how well a consumer handles all financial aspects of life. Responsibly managing a mortgage, credit cards, auto and personal loans and even their cell phone service will add depth to an individual’s credit history and increase their credit score. Credit scores influence whether a loan or line of credit is approved, the higher the score the better the chance of securing a mortgage, loan or credit card. One common misunderstanding of establishing excellent credit is that zero balances on your credit accounts will earn an excellent credit score. Lenders want to know that you can actually manage your account and, as grand a gesture is of paying off the balance every month, it doesn’t convey the ability to handle debt in the midst of financial uncertainty. So, even if you have the financial stability to pay off the balance, allow one or two accounts to carry a small balance each month. Good credit comes from handling a variety of loans and credit accounts, not only how you manage revolving credit card debt. It’s also affected by how you handle fixed payments, like your car and mortgage payments. But when it comes to credit cards, there are...more
What Is A 0% APR Credit Card? Many of us have heard about them, but has anyone every explained 0% APR credit cards to you? Well, for starters, the APR or annual percentage rate is the rate of interest credit card companies charge on outstanding payments. The amount you are charged depends not only on the rate of interest, but also on the method...more
An airline credit card is one which rewards purchases with air travel miles or points which can be redeemed for them. Airline credit cards ideally fit a certain user profile. Typically users of airline cards are financially well off and travel frequently. But who else needs them?Ideal Airline Credit Card User ChecklistBefore deciding to go for an...more
This 3 credit report article was written to answer many of the most frequently asked questions, I hope you find all of this information helpful. A 3 credit report can be useful for a variety of reasons. There are three major credit reporting agencies: Experian, Equifax, and TransUnion, and each of them has their own information about your credit, so to get a good credit report, you have to use all 3. Fortunately, you can get a 3 credit report for about $24, and this will tell you all you need to know about your credit rather than wasting time with a so called free online credit report.Many institutions need to know your 3 credit report before they will approve of you, and so knowing your credit record can give you a heads up on your chances of receiving all kinds of services. For example, a home loan will not be given if you have a bad credit score, and neither will you qualify for low cost life insurance, a credit card with a low apr, or some times even a lease on a house or car. So knowing your 3 credit report can be a short cut to save you time applying to services which you won't receive. Another thing about knowing your 3 credit report score is that it can show you if someone...more
If you are looking for a new credit card then obviously 0% interest credit cards hold a lot of appeal for you. Anything at 0% interest nowadays grabs everyone's attention, for that matter! But as far as these 0% interest credit card offers go, there...more
I'm sure you've seen direct mail offers, promotional brochures and Internet ads announcing:"0% APR credit cards. Limited time offer. Apply today!"You can't beat that for a credit card. That's just like buying something with cash. A great deal,...more
Credit cards have nowadays insinuated themselves into all corners of our lives, and it is rare for an adult these days to not carry at least one card. As well as being used in the traditional manner to buy goods or services in person, they are also...more
Airline credit cards have steadily been gaining popularity in the past few years. Airlines and other companies related to the travel industry benefit as customers utilize their services more frequently; brand loyalty is strengthened as well....more
There is a difference between an airline credit card with frequent flyer miles or a reward credit card that offers airline miles. As when looking for any consumer product, it's a good idea to compare the offers side by side.Airline Credit Card With...more
There are many airline credit cards available today, but it is up to you to earn the most miles/points possible. You will find how to earn bonus miles, use business expenses to your advantage, and how to turn normal purchases/budget expenses into...more