Credit Card Blog

One of the primary things to consider when you want to apply for a credit card offering rewards is exactly what rewards make sense for your life. In many cases, consumers who do a lot of traveling will apply for a airline miles rewards credit card which provides them with ample opportunity to rack up airline miles. These airline rewards enable card users to book free flights for themselves and maybe even other traveling companions. Most airline rewards cards offer additional discounts and resources which make sense to travelers.
However, there may be a point where there are only so many airline miles to be attained. In this case, a frequent flier may consider switching to a new credit card that offers relevant rewards such…

When you apply for a credit card, you may get approval for a credit card but not at the spending limit you were counting on. Credit card providers are stricter with their guidelines these days as more consumers are struggling with credit problems and debts they can’t seem to eliminate.
Credit card companies can not afford to take big risks with consumer defaults so if they are willing to offer a preliminary approval of a credit card but not at the credit card limit you needed, don’t give up just yet. There is still some hope.
Understand the Role of a Credit Score
Credit card providers will investigate the application for credit and ensure the applicant meets their eligibility requirements. In addition to have steady…

Orchard Bank has four cards that are geared toward people who have bad credit. Three of them are unsecured credit cards and one is a secured card, a type of card that requires you to make a cash deposit to “secure” the credit limit. The bank has a unique qualifying process that lets you know which card you qualify for without doing a hard check on your credit.
When you fill out the pre-qualification form, Orchard Bank lets you know which credit card you qualify for: the Platinum, Gold, or Classic card. Then, you can review the card’s terms and conditions and decide whether you want to proceed with the application. If you don’t qualify for any of these unsecured credit cards, you’ll be…

Three of Iberia Bank’s credit cards are similar to each other so if you’re shopping for this bank’s credit card, you might question which one is the better deal.
IberiaBank Classic Visa
The IberiaBank Classic Visa is the most basic of all three credit cards. It doesn’t pay any rewards on purchases, but applicants who qualify enjoy the lowest 7.25% on purchases with no annual fee. The Classic Visa also has a 1.99% introductory interest rate on balance transfers for six billing cycles. After that, the balance transfer rate is the same as your purchase rate, which could also be 10.25% or 13.25% depending on your credit history.
IberiaBank Vis Gold Cash Back
The IberiaBank Visa Gold Cash Back rewards card also has a low…

With the high rate of low credit scores among consumers today plus the stricter requirements for obtaining new credit, there is an increased occurrence of consumers needing the help of a co-signor to establish a credit card account. Since credit card applicants carrying a poor credit history can not get approved for credit card of their own accord, they have to rely on other people to make up for their credit deficiency.
 
To Sign or Not to Sign
Typically it will be a loved one or a close friend who will approach you about co-signing for a credit card account. The situation can get extra complicated because of this reason. No matter how close you are with the person asking, the consequences of a…

Applying for a new credit card should serve as a reminder for all consumers to take a refresher course in what you should and shouldn’t do when it comes to a consumer credit profile. Just one mistake concerning personal finances can produce long-lasting consequences that can hurt you financially.
Here are some of the basic concepts of what not to do with your credit and credit cards. All consumers need to review this information to ensure your credit stays on track and in your favor:
Do Not: Submit Too Many Applications for Credit
Every time a consumer submits an application for credit, it has an impact on a credit score. With multiple credit cards applications being submitted in a short period of time, credit scores…

Student credit cards are often perceived as a lure to get young adults in a cycle of debt. While it is true that the result of students using cards irresponsibly can be disastrous, it is also true the student cards can be beneficial to young adults just establishing their foundation of good credit.
Here are some of the ways student cards are key to building a good financial foundation:
Credit History Starts Early
Student credit cards cater to college students just starting out on their own. It is an ideal way for a student to establish a credit history early. A long financial history is just one element of a good credit score. Student cards report back to the major credit reporting bureaus and the…

With all of the changes in the credit card industry, many consumers think they can no longer get a low interest card, even with excellent credit scores. However, there are many  offers out there that feature a low interest rate on a long-term basis. Some cards do offer low interest for only a select amount of time through their promotional offers so it is important to differentiate between the two offers.
Here are some tips to help you find a low interest rate card:
Shop Around
You may get solicitations in the mail for a new credit card but to sign up for only the cards being presented to you can mean you are missing out on other great deals that are more suited to your…

Two of the student credit cards issued by Discover are the Discover® Student Card and the Discover® Student Open Road Card. The two cards are very similar when it comes to pricing, but there’s a big difference in the rewards. If you’re a student trying to decide between these two cards, consider which rewards you’d rather earn.
Credit Card Pricing
Both cards have a 0% introductory APR on purchases for 9 months, if you qualify. The regular APR for purchases is between 12.99% and 19.99% depending on your credit history. Neither credit card has an annual fee. Credit card APRs are variable based on the Prime Rate.
Discover More Student Card Rewards
The Discover More Student card’s big reward is 5% cashback in…

When you are looking to secure a new credit card but haven’t applied for one in a long time, it may be in your best interest to take a closer look at how things have changed. What you don’t know about today’s credit card can cost you not just cash but also your ever-important credit score.
Here are 5 things you may not realize about a new credit card:
Credit Is Harder to Get
Because of the recent troubles in the credit industry, credit card providers are taking a much closer look at consumer credit scores before approving card applications. If your credit is below 720, you are likely going to get higher interest rates and lower credit limits attached to your account. Your credit…