Your monthly or annual income is one of the pieces of information credit card issuers need to complete your credit card application. Completing the income portion can be confusing for some applications, especially if you have non–traditional income or income from multiple sources.
You can include income you earn from a full-or part-time job, retirement disbursements, and social security benefits.…
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A balance transfer credit card can be a great way to get out of paying hundreds of dollars on high interest rate credit card debt. Balance transfer cards have an introductory period where you won’t pay any interest on a balance you move from another credit card. If you’re considering a balance transfer to pay off some debt, here’s what you should know.…
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Just having a credit card puts you at risk of credit card fraud – where criminals use your credit card information to rack up purchases. Fortunately, most credit card issuers offer zero liability protection against fraudulent protection which keeps you from having to pay up for charges you didn’t make. Still, catching and reporting fraud can be a headache.…
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As a small business owner, you wear many hats. One of your most important responsibilities revolves around the financial well being of your company.
Whether or not you carry a small business credit card is all
about personal preference. Some business owners use their card religiously,
while others are always in search of other ways to make payments.…
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Most credit cards come with a preset credit limit. A card’s credit limit is the max outstanding balance you can have at any given time. You can pay down your balance and keep using your available over and over as long as you abide by the credit card issuer’s rules. That usually means making the minimum credit card payment each month on time and staying below your credit limit.…
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To the average credit card user, all rewards credit cards may seem created equally. All rewards credit cards pay a certain amount of rewards on some or all your purchases, but that’s usually where the similarities end.
There are are usually enough differences between credit cards so can narrow down your selection to the best.…
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Outstanding credit card debt and average credit card interest rates are both at the highest levels ever, which means consumers are paying a lot of money in credit card interest. Credit card issuers charge monthly interest in the form of a finance charge each month a cardholder carries a balance past the credit card date.…
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There may come a point when you realize that one credit card isn’t enough. Maybe you come to this conclusion because you need more buying power. Or maybe you end up here because you’ve maxed out your other card (more on this below).
There are several benefits of a second credit card, including the following:
- Access to rewards: If your first credit card doesn’t have a rewards program, you may be enticed by one that does.
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Credit cards aren’t holding back when it comes to credit card rewards. They’re beefing up rewards, raising the signup bonus, and packing their cards with perks on top of perks. Rewards credit cards are more attractive than ever, giving a chance to earn cash back, points, and travel rewards for your everyday spending.…
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There are those who swear off credit cards because of the risk of getting into too much debt. That’s a fair point. If you’re not diligent about using your credit cards wisely, you can get in over your head. But, charging what you can afford and paying your full balance each month allows you to safely avoid the risks of credit card debt.…
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