What Credit Card Pre-Approval Really Means

The “approved” part of a pre-approved credit card can be a bit misleading. If you’ve ever been denied for a credit card that you were pre-approved for, then you know that being pre-approved doesn’t mean what it seems. As with any other credit card, approval isn’t guaranteed.

If you’re considering applying for a card you were pre-approved for, keep your fingers crossed, but don’t get your hopes up too high.…
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How to Handle Credit Card Charges That Aren’t Yours

Being able to access your online credit card account has the added benefit of allowing you to spot unauthorized charges sooner. Even when you’re careful with your card, there’s always a chance that hackers can steal your credit card information in other ways. For example, thieves may breach a company you’ve previously done business with.…
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Are You Ready for a Student Credit Card?

As a student, you may have a strong interest in applying for a credit card. While there are many benefits of carrying a student credit card, you don’t want to go down this path until you’re 100 percent sure that it’s the right decision.

Here are five questions you can answer to clear the air:

  • How do you plan on using your new credit card?

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How Credit Card Issuers Use Your Income

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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7 Tips for Getting the Max Benefit From a Balance Transfer

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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How to Protect Yourself Against Credit Card Fraud

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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Here’s Why You Need a Small Business Credit Card

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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Big Credit Card Balances Can Cause Big Problems

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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5 Things to Look for in a Rewards Credit Card

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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How Expensive Is Credit Card Debt?

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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