How Do Balance Transfers Work
The thing that you see in your mailbox this morning that states “0% interest, credit card offer” may actually be a lot more troublesome than you think.
If you’re a long time credit card holder, you might as well be more familiar with the term “balance transfer”. But if you’re just a beginner in the field, don’t be surprised if the first thing you see, when you wake up in the morning, is a messed up credit card bill on your Continue article...
Credit or Debit? Which Card Makes More Financial Sense?
We’ve reached a stage where our lives are dominated by pieces of plastic – credit cards are a regular feature of every transaction and purchase. Some people swear by it, but others are wary as it ends up putting them in a deep hole of debt. The latter prefer debit cards which work a little differently but which are able to keep you out of debt because you need to have money in the bank to use them. Credit or Continue article...
Credit Cards vs Debit Cards – A Comparison
In recent times, there has been an increased popularity with in the number of people opting for plastic money. Basically, plastic money can be broadly divided into two different categories that include debit cards and credit cards. In this regard, many people often get confused with which type of card to opt for. Mentioned below are some of the basic differences between these two card types.
1. The most important difference with respect to debit and credit cards lies in their Continue article...
How to Make the Most of Credit Card Balance Transfers
For people who have a balance on their credit card, it might be a good deal to shift them to a new credit card to enjoy more benefits. This is through the process of a credit card balance transfer.
Balance transfers allow a credit card owner to transfer the balance on their existing accounts into a new credit card. Many credit card issuers offer this service for free to attract new customers. But it not only Continue article...
How To Secure Your Credit Card – An Overview Of Credit Card Security Features
The most important aspect that discourages customers from opting for a credit card is its vulnerability to a variety of scams. Although, recent technological advancements have ensured that the transaction process using a credit card is secure, it is not entirely safe. Another interesting fact is these numbers are continuously increasing with increased credit card usage. So as to ensure a more secured credit card transaction and prevent the occurrence of identity thefts, card issuers are now implementing various advanced Continue article...
How to Make the Most of Your Credit Card Travel Rewards Program
Airline reward cards and travel based reward incentives are more popular than ever, especially in the current, struggling economy. If you’ve decided to jump on the travel rewards program bandwagon, here’s how to find the right card and make the most of it.
Successfully Managing Your Credit
The easiest way to fall into the bottomless pit that is debt is by not knowing how to manage your credit successfully. Credit cards are not given to only those with financial savvy and they don’t come with an instruction manual on how to use them.
The average American has anywhere from five to eight credit cards and can carry a debt of more than $20,000, and for some the number is even higher. Learning the ins and outs of credit Continue article...
7 Stupid Strategies for Credit Card Consumerism
Consumers in the United States are leading the charge in the worldwide explosion of credit card debt; the total debt of American citizens alone is drawing ever closer to the vaunted trillion dollar mark. It takes some exceptionally irresponsible behavior to accumulate such impressive statistics, but there are a number of tried and true methods that can help you add your own two cents (or ten thousand dollars) to this historic effort. Just follow these seven simple guidelines Continue article...
Offer to Switch Citi Dividend to World Mastercard
Today I received a phone call from Citi welcoming me to the new Citi Diamond Preferred Rewards World Mastercard. They stated that my old Dividend card will automatically switch to the new card if I do nothing by June 30, but that I can keep my old card if I want.
Others have received the same offer, and I found some good discussion about the topic at Fat Wallet.
Many people are rejecting the offer. One of the reasons Continue article...
Kids and Credit Cards
A recent study by the Credit Abuse Resistance Education (CARE) program showed the number of 18- to 24-year-olds declaring bankruptcy has increased 96 percent in the last ten years. Credit payment problems are one of the key reasons younger people file for bankruptcy. According to the CARE report, Bad credit can negatively affect teens in the future — their ability to get a job, a loan, basic insurance or even an apartment.
