Is Now the Best Time for Your First Credit Card?

Even if you strongly believe that you qualify for a credit card, it doesn’t necessarily mean you should move in this direction. Before doing so, it’s imperative to review both your situation and what you’ll get in return should you decide to proceed.

Here are a few things to think about as you ponder this question:

  • Employment status: It’s never a good idea to apply for a credit card when you’re unemployed.

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Top Reasons to Apply for Your First Credit Card

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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Should You Cancel Your Credit Card?

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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How to Use Your First Credit Card

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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How to Lessen the Impact of a Late Credit Card Payment

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:

  1. 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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Questions to Help You Find the Best Rewards Credit Card

With so many rewards credit cards to choose from, it can take quite some time to learn more about every offer that’s available. While every card has something unique to offer, you don’t want to make a final decision until you’re sure that you’re getting exactly what you want.

Fortunately, by answering a few key questions, you can narrow your options and choose the rewards credit card that best suits your finances.…
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