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Money Guide: Credit Cards


6 Credit Card Mistakes You Must Avoid

Credit cards are easy to use, convenient, useful, and builds your credit score. However, there is a problem if you do not know how to use them wisely. They can pose monetary challenges if you keep buying stuff on credit without clearing the monthly dues regularly. If you do not have a fixed monthly income, then credit cards are not for you. If you choose to use it, make sure you clear all dues on... [Continue Reading]

5 Desperate Hacks to Save Money through Credit Card

Credit cards are common anywhere in the world. All walks of life at one point in their life has seen one, or even use one in their life. For some, a credit card is an answer for their temporary cash need. For the others, they simply use credit cards to avail of its freebies and benefits offered. Credit cards should be used properly. Failure to do so might stick you to a long fight to... [Continue Reading]

Don’t Be the Next Credit Card Fraud Victim

If you use credit cards on a regular basis, are you doing all you can to avoid criminals looking to make your life miserable? Unfortunately, credit card fraud remains a major problem in the U.S. (much of the world for that matter too). Despite protections put in by businesses, protections that many consumers use these days, criminals can still find a way to make life miserable for hard-working... [Continue Reading]

How Plastic Became the New Cash

It was premature based on the statistics available at the time, but back in 2006 our favorite financial family board game Monopoly made the switch to plastic over the bright colored bills we all grew up with. Mr. Moneybags decision to dump cash was an attempt to get with the times as 70% of adults shifted more purchases to plastic than they did before the millennium. Nearly ten years after the... [Continue Reading]

5 Ways Credit Cards Can Help You if You Use Them Wisely

The appeal of credit cards lies in the fact that it makes it easy to get just about anything you want. Fancy a new wristwatch? Just give your card, and it's all good. Love that new pair of shoes? Here you go. Swipe the card and you walk away with the shoes. All these are possible without spending cash. That is why it is so easy for many people to get into and continue to remain in debt. Your... [Continue Reading]

Managing Debt and Financial Goals

There is debt and then there is bad debt. Borrowing money to purchase a home or to pay for college can enrich the quality of your life and benefit you financially and personally for many years to come. But credit card debt or personal loans with high interest can crush you financially and prevent you from accomplishing many other goals you have for yourself. Falling behind on credit card payments... [Continue Reading]

5 Ways To Make Sure You Can Get A Good Interest Rate With Bad Credit

It may not always be possible to get the best interest rate with bad credit, but you can improve your chances if you take some of the following steps we put together. Number 1 – Legal Assistance Use a specialist legal firm that can advise on credit files and what is listed on there. Quite often defaults are listed on people’s credit files without those companies following the correct... [Continue Reading]

FAQs: The Truth About Cancelling Credit Cards and Business Banking

The average American that carries credit cards has eight credit cards in his or her wallet.  It is natural to think about cancelling some of the cards that you do not typically use.  Plus, many people are concerned about what might happen if their wallet was lost with over $60,000 of credit in it.  Before you cancel your cards, it is important to know how cancelling cards can impact... [Continue Reading]

10 Surprising Things That Can Hurt Your Credit Rating

Closing old credit cards Closing old, unused credit cards can shorten your credit history, which in turn harms your credit score. Should you have an old credit card that you've consistently kept in balance, do not be tempted to close it. The longer your credit history, the better. Applying for too many credit cards at once Banks will often inquire about your credit history before... [Continue Reading]

Watch out for Hidden Credit Card Charges

Credit cards may seem like a great way to spend money on the things you want, however many hide charges that could lead to you spending more than you bargained for. Find out how to avoid them and be more savvy with your plastic. Cash withdrawals. The majority of credit card providers charge a fee every time you use your card to withdraw cash. Interest will also be applied to the amount withdrawn... [Continue Reading]