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Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
Continue ReadingYour credit score makes a difference in so many areas of life, from the rates you pay for auto insurance to the kind of mortgage you qualify for. But young people often find it hard to build a credit history, which is a major contributor to your credit score. Here are eight ways to get started building a credit history.
Can I Still Apply for A Credit Card with Bad Credit? Yes. Even if you have bad credit, chances are you can still get a credit card. In fact, some credit cards are designed specifically to help those with limited, poor, or subprime credit build it back up to healthy levels.
When you have a credit card, you’re unfortunately attractive to thieves and other scammers. New schemes are surfacing all the time, and the ones that work best (meaning, the ones that bilk the most victims out of their hard-earned money) are the ones that keep making the rounds.
Can Restaurants Charge Credit Card Fees? Yes. Per the U.S. Supreme Court ruling in 2017, merchants, including restaurants, can attach a surcharge to help cover their fees when you pay with a credit card. Credit card surcharges may vary by state. If you’re not sure whether your state has credit card surcharges, ask the company that issued your credit card.
A negative credit card balance is when your balance is below zero, appearing as a negative amount. While this may seem like a bad thing, it’s actually quite the opposite. This means that your credit card issuer owes you that amount of money instead of the other way around.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.