Home > Credit Card Blog

Credit Card Blog

Should You Transfer a Balance to a New Credit Card? October 19, 2010 - 1:53 pm

Great balance transfer deals used to be everywhere. Credit card companies were lining up to get you to move your balances to their credit card. In the current economic recession, these balance transfer offers aren’t so widespread, but they’re still out there. If you’ve come across a balance transfer and you’re wondering whether to apply for the credit card, here’s what you should consider. Is the interest rate lower than the one you currently have? Generally, the only reason you’d move your balance to another credit card is to take advantage of a lower interest rate. That way, you can save money on the finance charges you pay and manage to pay off your credit card balance sooner rather than later. How long does the …

What to Look for in a Travel Rewards Credit Card October 16, 2010 - 8:15 am

The best perk of a credit card with a frequent flier program is the free trips you can take. But, before you go apply for a credit card that gives you reward miles, know what differentiates good airline miles credit cards from the bad ones. Miles With Your Preferred Airline Most travel rewards credit cards are affiliated with one airline or another. Make sure you the credit card you choose lets you accumulate miles for the airline you like best. Some travel rewards credit cards will let you convert your miles to another frequent flier program, but it may not be a 1:1 conversion. Instead, you could end up losing miles when you convert. More Miles for Your Dollars When you’re comparing airline credit cards,…

5 Reasons You Need to Have a Credit Card October 15, 2010 - 8:30 am

You might think credit cards are only important for boosting your credit score but there are a variety of ways a credit card can be beneficial in your financial life. A credit card used wisely can be a vital aspect to your overall personal finances. Here are 5 reasons you need to have a credit card: Protection When you shop with a credit card, you have the back up support of the card provider if something should go wrong. Purchase protection differs from card to card but essentially most major card issuers will work with you to dispute a wrongful charge, inaccurate information, or a purchase gone wrong. You do not have the same protection with a debit card, check, or cash. Additionally, you are…

What Fees Can You Expect With a Credit Card? October 14, 2010 - 8:11 am

If such a thing as a fee-free credit card exists, we haven’t seen it. While you may be able to avoid paying some of the most common credit card fees, the fact remains that credit cards come with fees. It’s one of the ways credit card companies make money. Here are some of the fees you can expect when you apply for a credit card. Annual Fee An annual fee is a yearly charge you pay just for having your credit card. Many credit cards that come with annual fees have some other type of benefit, like a great rewards program. Other annual fee credit cards are aimed at people with bad credit history. Some credit card companies waive the annual fee for customers…

Things To Consider Before You Apply For A Credit Card With A Rewards Program October 12, 2010 - 8:48 am

Consumers have learned a great deal in recent years regarding how they should handle their credit card accounts. With a bigger push toward saving money and making responsible credit choices, many consumers want to get the most bang for their buck when using their credit card. For those consumers who are interested in applying for rewards credit cards, there are a few things that should be considered first. Here we look at some of the factors that will determine if your choice will truly be rewarding. Do you need a rewards program? Before you apply for any new credit card, you should think about how you will use the credit card and the impact it will have on your budget. Ask yourself if you will…

Cash Advances: Know Before You Borrow October 10, 2010 - 8:50 am

Cash advances are one of the features of credit cards that sound attractive until you get the first credit card statement after your cash advance. It’s then that you realize a cash advance isn’t like a regular credit card purchase. The cash you get from a cash advance might be the most expensive loan you ever borrow. Higher Interest Rates If you pay attention to your credit card billing statement, you might notice that there are several different APRs – one for purchases, one for balance transfers, and one for cash advances. You might also notice that the APR for cash advances is the highest APR of them all. This means that you’ll pay more interest on a cash advance than any other balance you…

Is it Time to Ditch Your Credit Card? October 7, 2010 - 8:33 am

If you’re in a relationship where the other person’s not treating you right, what’s the smart thing to do? Leave, right? Same thing goes for a credit card (usually). If you’re not getting the best treatment from your credit card’s terms and conditions, it may be time to call it quits. You’re paying an annual fee but earning no rewards. Annual fees only make sense in a few situations. Credit cards that provide rewards are known for having an annual fee. Secured credit cards and credit cards aimed at people with bad credit also have an annual fee. Finally, premier credit cards, which target the wealthiest consumers, usually have an annual fee, but they have rewards and other benefits to make up for the cost.…

What Does 'Piggybacking' Mean for Credit Card Users? October 4, 2010 - 8:24 am

Credit cards are an effective tool for building or rebuilding credit provided they are used in the right manner. For people without credit or those with bad credit, there are several options for getting a conventional credit card that will have a positive impact on your credit score. ‘Piggybacking’ is one such option. What is Piggybacking? Piggybacking essentially means you are using the good credit of another person to improve your own credit rating. This is accomplished by becoming an authorized user on another person’s credit card account. As long as the primary cardholder has an excellent credit track record that includes paying bills on time and never overextending their credit lines, piggybacking may be a viable way to boost a credit score. Many times…

Should You Purchase Credit Card Insurance? October 2, 2010 - 9:01 am

When you apply for a credit card, you may be offered a service called credit card insurance. Perhaps because of the necessity of auto insurance and health insurance we’ve been convinced that we need insurance for our other products, too. Credit card insurance is usually an unnecessary expense that provides very little benefit. What is Credit Card Insurance? Credit card insurance promises to make your minimum credit card payments if you become unemployed or disabled and are unable to make your credit card payments. Credit card insurance is usually a percentage of your credit card balance. You don’t have to pay the fee out of pocket. It’s simply charged to your credit card every month. Why You Don’t Need Credit Card Insurance Ideally, you’re…

Don’t Let Your Credit Card Be Charged-Off September 30, 2010 - 8:56 am

No one plans to let their credit card be charged-off when they apply for a credit card, but it happens to even the best of us. A credit card charge-off is what happens when you go more than six months without paying your credit card bill. While the name sounds like you’re being let off the hook for what you owe, a charge-off is one of the worst things that can happen to your credit card. Credit card lates progress from 30-day to 60-days, then 90-, 120-, and finally 180-days late. In that time, you’ve been charged six late fees ranging from $25 to $35 each and your balance has probably grown significantly with fees, interest, and missed payments. Once your payment has become 60…

Page 10 of 19« First «...8 91011 12...»Last »

By using our service and providing your personal contact information, you agree that ApplyforaCreditCard.com, any of its affiliates and any company you are matched with may contact you by any method of communication, including by telephone even if you are on a federal or state Do Not Call registry. This site is a free matching service intended to provide a variety of options and information, and is not responsible for any service/information provided by any third party provider. ApplyforaCreditCard.com is a marketing and advertising agency only. It does not supply the service provided for therein, rather it provides a matching service. Upon your submission of the information requested on our website, we re-direct you to one or more of our participating service providers. You are under no obligation to pursue business with any of the participating service providers in our network. We encourage you to review each service carefully before electing to do business with them. Further, you should review their privacy policy and terms on the their page and contact them directly regarding their organizations' policies.

The content, including without limitation any viewpoint or opinion, contained in any article or video posted on this website is for informational purposes only and does not necessarily reflect the opinion or viewpoint of ApplyForACreditCard.com. Any third party contributor to any such article or video has been compensated by ApplyForACreditCard.com for such contribution. It is advised that you conduct your own investigation as to the accuracy of any information contained herein.

Credit Card Blog

Recent Posts

Categories