Credit Cards

Getting your first credit card can be a liberating experience. You can enjoy the convenience of a simple swipe or tap, and you don’t have to worry about having cash for all your purchases. However, if you don’t use your card wisely, it’s easy to get into unpleasant credit situations that can have long-lasting effects.
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Prefer using debit cards over credit cards, but miss earning rewards? Some debit cards offer cash-back rewards – either as a straight points-based redemption program or as a perks-based program directed at purchases with specific merchants. You may have debit card cash-back benefits through a perks-based program and not even realize it. Cardlytics is
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Do you consider a rewards program as an integral part of your credit card choice? According to a new study by finder.com, close to one-third of Americans use credit cards just to get the associated rewards. The finder survey suggests that approximately 71.7 million Americans (29.2% of the adult population) make credit card purchases just
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Are you getting the best deal on your credit cards? If you regularly carry a balance, a new survey from CreditCards.com suggests there’s almost a 50/50 chance you don’t know how good your deal is – because you aren’t sure what the annual percentage rate (APR) is on your cards. The poll of 2,315 adults
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Where did you learn how to handle credit cards? According to a new survey conducted by the website CreditCardsExplained.com, there’s almost a 50% chance that you’re self-taught. The survey of 2,500 respondents showed that 45% of consumers never had a proper education on credit cards. Of those who received their credit card education in school,
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Are you satisfied with your credit cards? If so, are you convinced that your current card best fits your needs – or have you never considered other options? Whatever the reason, many Americans tend to stay with their existing card. A recent survey from CreditCards.com found that 28% of Americans, about 49 million, have always
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President Trump promised changes in Washington upon his election. Whether you are a Trump fan or foe, there’s no question he’s succeeded in that goal. Sometimes the change is precipitated by the President’s choice to lead an agency, as in the case of the Consumer Financial Protection Bureau (CFPB). The CFPB was born out of
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Which is the worst first-date mistake – talking about an ex, eating food off your date’s plate, or mentioning that you are heavily in debt? We have no idea, but we’re guessing that a second date is unlikely in all those cases. A new survey from Finder.com suggests that in the case of excessive debt,
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America’s economy is improving by most standards – but is it improving on the backs of excessive debt? According to the New York Federal Reserve, total household debt reached a new high of $13.15 trillion in the fourth quarter of 2017. While the majority of household debt is mortgage debt, consumer credit rose by the
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Why do you even bother signing your credit card receipts? Nobody ever looks at it. You could write your name, Donald J. Trump, Samuel L. Jackson, or Bullwinkle J. Moose and nobody would care – would they? Theoretically, your signature does matter. That signature indicates a binding contract for the purchase. A seller could choose
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By Roshni Chowdhry, innovation & product development lead at SafetyNet The idea of being rich appeals to most of us. What’s not to like about a world where your only money trouble is how to spend it? Plus, in a world where money is plentiful, you’re free to do all kinds of exciting things most
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What’s the best way to pay down credit card debt? LaTisha Styles, Millennial Finance Expert and Founder of Financial Success Media, LLC, outlines two popular strategies. “In the first way,” says Styles, “you pay off the debts with the smallest balance. That’s how you get quick wins.” This is known as the “snowball” method, because
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Super Bowl LII (52 to you non-Romans) will take place at U.S. Bank Stadium in Minneapolis on Sunday, February 4. We could have had the Jacksonville Jaguars in their first Super Bowl appearance facing the Minnesota Vikings as the first team to ever play a Super Bowl in their home stadium – but neither team
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What do you do when your credit card just doesn’t meet your needs anymore? Perhaps you have an airline or hotel rewards program that isn’t relevant anymore, you are paying annual fees that aren’t worth the benefits you receive, or you now qualify for a card with a better interest rate. If you are in
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Santa was not so kind to your friends and relatives this year, so you felt the need to fill the gap. You overspent on holiday gifts, and now you are stuck with a significant amount of holiday debt. Gratitude from gift recipients is a great feeling, but gratitude is not going to pay off your
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How often are you asked at a retail outlet if you have a store credit card, and if not, whether you would like to apply for one and put today’s purchase on that card? These cards are examples of “instant approval” credit cards — cards that are approved or denied within a matter of minutes
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Wouldn’t it be nice to have a higher credit limit on your credit cards? A higher credit limit could serve as a buffer for an emergency cash flow problem, saving you from searching for short-term loan options. Another advantage of a higher credit limit is a potentially higher credit score through lower credit utilization –
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Does your credit card bill contain a billing error? Did someone use your card fraudulently to rack up unauthorized charges? Have you tried and failed to resolve a credit card dispute with a vendor, such as a defective item that the vendor will not refund? These are situations where the Fair Credit Billing Act (FCBA)
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Does your Christmas season usually lead to the January blues due to excessive holiday spending? It doesn’t have to be that way. With a combination of planning and willpower, you can enjoy a festive holiday without starting the New Year in a big financial hole. Consider these nine ways to celebrate while staying fiscally responsible.
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Billionaires and the impoverished have one thing in common – momentum. Once you achieve high levels of wealth or debt, it’s very easy for either one to continue to grow. A recent report by the Institute for Policy Studies highlights this point. The study found that three billionaires – Jeff Bezos, Warren Buffett, and Bill
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Have you ever made payments only using your voice? Most people have at least given their credit card number out over the phone or have used automated phone payment menus – although the latter often leaves people shouting “REPRESENTATIVE!!!” at their phone attempting to interface with a human being. Significant advancements in voice recognition technology
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Credit scores are somewhat like IRS tax codes: we know they’re important; few folks fully understand them; and failing to successfully deal with either can cost you a lot of money. While most of the factors determining your credit scores, such as payment history, number of open accounts, and type of accounts, take months or
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It’s that time of year when the leaves change colors, pumpkin flavoring is crammed into everything imaginable (who needs Eye Drops with Pumpkin Spice?), and scary things come out on Halloween – but will you open your door on October 31 and be confronted by anything scarier than these hair-raising financial horror stories? They Stole
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Automatic payments from your bank account can be a great convenience, but they can also be a source of problems if you don’t pay attention. Do you check your payments on every bank statement? If not, you may be paying incorrect amounts or making automatic payments for a service or subscription that you don’t want
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