Credit card issuers are constantly rolling out new credit cards with attractive rewards programs. Yet millions of consumers never switch credit cards. If you’ve loyal to the same credit card for several years, you could be leaving hundreds of dollars in rewards and other valuable benefits on the table. Here are a few signs it’s time to switch to a new credit card.…
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There may come a time when you realize that your current credit card limit isn’t enough. If this happens, you should turn your attention to the steps you can take to increase your limit.
While there are many factors that impact whether or not you
receive a limit increase, there are several steps you can take to make this
happen.…
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If you’re planning to make a large purchase soon, maybe for a family vacation or major home improvement expenses, choosing the right credit card can make all the difference. Knowing what to look for can help you get the best deal and may even earn some credit card rewards.
Look for a credit card with a promotional interest rate.
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It’s understandable why some consumers shy away from applying for a credit card. Above all else, they have concerns about running up debt that they can’t afford to pay.
According to CNBC, this remains a major problem throughout the United States:
…“The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian’s annual study on the state of credit and debt in America.
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Some people obsess over their credit card limit, while others never think twice about it. If you’re interested in an increase, it’s imperative to take a high level overview of your situation to determine if now’s the time to take action.
There are many reasons to request a credit limit increase,
such as if the current level is not suitable for your spending patterns.…
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Despite the fact that closing a credit card can have a negative impact on your credit score, you may strongly believe it’s the best decision for your finances.
Of course, you don’t want to head down this path until you’re 100 percent sure of what you’re doing.
How are a few times when it makes sense to cancel a credit card:
- You worry about overspending in the future: Only you know if you’re responsible enough to carry a credit card.
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The decision to apply for your first credit card is a big one. On one side, you’re excited about the prospect of using this tool to improve your finances. Conversely, you may have some concerns about making a financial mistake that costs you now and in the future.
There is no right or wrong way to apply for your first credit card, but there are some tips you can follow to ease the stress and put yourself on the right path to success.…
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It happens to even the most financially responsible consumers. You have every intention of paying your credit card bill on time, but for one reason or another it slips your mind. Soon enough, you realize that you missed the due date and could be in trouble.
Here are some steps you can take to lessen the impact of a late credit card payment:
- Pay the Bill
It doesn’t matter if you make the minimum payment or clear the entire balance, do so as quickly as possible.…
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There is no worse feeling than staring at a credit card bill that you can’t afford to pay. You want nothing more than to eliminate (or reduce) this debt, but realize that it’s not possible to do so right now.
Despite your situation, there are steps you can take to dig your way out of trouble.…
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Are you planning an overseas trip? Do you have questions about the best way to make purchases? Are you interested in using your credit card, but unsure if it’s a good idea?
Here are a few things to keep in mind before you grab your plastic and jump on a plane:
1.…
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