Perhaps when you were young, people warned you about the dangers of a credit card. Whoever thought a small plastic card could lead to so much debt and potential financial prison?
Those warnings didn’t come without reason though, as just over 40% of families in the United States have some sort of credit card debt. Add that with $1200 of average annual interest and a credit card can look scary from the outside.
I have a pretty good idea that if you’re reading this, you’ve gotten yourself into a bit of credit card debt and you’re looking for the
Numerous credit card companies offer this, and Citi has some of the more popular ones. But is Citi the best?
Let’s take a look at what Citi offers…
This is the way it too often goes: A consumer is overambitious with her credit card, accumulates a worrisome amount of debt, and then looks to transfer her debt to a
It seems a wise move.
But is it really?
Sometimes yes; sometimes no. It all depends on the card you’re considering, the balance-transfer fee it imposes, and the balance transfer APR you’ll pay early on and over time.
Debt is a four-letter word – it’s both “good” and “evil.”
Which one of those words it depends entirely on how you use debt. Use it judiciously for the purchases you can afford, and debt can be one of the best financial tools in your toolbox – allowing you to save money, accumulate travel rewards and miles, or to simply snap up a bargain when you find it if you don’t have the cash immediately available.
Capital One is strengthening its credit card rewards program by adding a popular United States-based airline to its growing roster of transfer partners: JetBlue.
Users of Capital One credit cards, such as the Capital One Venture Rewards credit card and the Capital One Spark Miles for a Business credit card can now transfer points to JetBlue’s TrueBlue rewards program.
Today, so many credit-card flavors exist that it’s hard to keep straight in your mind what each does. So, let’s take on one of the big comparisons: Mastercard World vs. Mastercard World Elite.
Clearly, the addition of the word “elite” means those cards come with additional benefits. But are they enough to really differentiate the card? And, at the end of the day, which card is really right which consumer?
Starwood has integrated its Starwood Preferred Guest rewards program with Marriott Rewards and Ritz-Carlton Rewards programs and launched the combined brands under a single, unified name: Marriott Bonvoy credit card.
Which means all the existing Starwood Preferred and Marriott Reward credit cards are getting a makeover. As part of the process, the five existing cards (3 Starwood American Express Cards and 2 Marriott Chase Visa cards) are shrinking into just three cards.
Without doubt, the Chase Freedom card is one
But Just how big a hindrance is the Chase Freedom foreign transaction fee to what is, otherwise, an excellent credit card?
The Citi Rewards Plus card offers one of the more-unique cardholder benefits: A minimum of 10 bonus points for every purchase. But is a gimmick a reason to get a credit card? Or is gimmick truly valuable?
So, Apple is getting into the credit card business with what it calls a truly game-changing take on the credit card. But is Apple’s claim that the card has no hidden fees accurate?
Well, no!
In fact, Apple might well have announced the most-expensive hidden fee in the history of credit cards!
If you’re reading this, chances are you have too much debt on one or more high-interest-rate credit cards and you’re looking to consolidate all or some of that debt onto a credit card with no balance transfer fee from American Express or another credit card with
Here’s what you need to know about an American Express balance transfer.
Credit card partnerships can be a great way to boost your accumulation of cash back or reward points because they typically increase the amount of
If you’re like me and you have a high FICO score above 800, welcome to the club – the 20% of us, consumers who have excellent credit. Our high credit score means we have access to some of the
I don’t mean “excellent” in the subjective sense. I mean “excellent credit” in terms of the official ranking system the credit industry uses to determine the risk you won’t repay whatever credit you’re extended.
A new report by credit-scoring service Experian shows that the average American consumer is slightly better off compared to last year, at least in terms of their credit score.
But have you ever wondered what is the average credit score, and where you fall within the mix, particularly for your age group?
Air Canada has finalized its purchase of the Aeroplan program as part of a larger plan to roll out a new
For Aeroplan members with Aeroplan miles in their account, the obvious question is: What changes to Aeroplan and to my Aeroplan
Here’s how the deal could likely work out for the Aeroplan program.
In an age when credit cards offer all sorts of benefits – from free
We all end up with too many credit cards at some point.
You go to the department store or a specialty retailer and you’re making a big purchase, and if you sign up for their branded credit card at check out, the clerk lets you know, “you can save an additional 20% off your purchases today.” So, you sign up. Or you decide you want to start collecting
It was September 1958 when Bank of America launched the first credit-card network with its BankAmericard. A month later, American Express launched the first worldwide credit-card network. Since then, consumers have seen a veritable arms race as credit card companies raced to build the biggest, most-reliable networks.
Today, so many credit card networks exist it begs a big question:
What credit card is the best?
A variety of reasons exist for wanting to know how to increase your credit limit.
The most obvious is that your credit card balance is running up against your existing credit limit, and without a credit limit increase you will max out your credit card and not be able to use it until you pay down the balance.
But you might also want to increase your credit limit (even just temporarily) to afford a very expensive item. Many people do this just so they can collect a large batch of
Or, maybe you want to improve your credit score. An increased credit limit will immediately reduce your credit utilization (how much of your total available credit you have already used), and credit utilization is one of the factors that determines credit score, since lower credit utilization typically improves a credit score.
Cash back credit cards have become standard in the
So, here’s everything you need to know about how these cards work.
