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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 ReadingIf you need to borrow money from a lender (financial institutions like banks or credit unions, not your friends or family), you have two main choices: you can take out a loan or get a line of credit. Both a loan and a line of credit provide you with funds, but they work differently. There are pros and cons associate with each, and the option that's the best fit for you may depend on why you need the money in the first place.
One of the most common questions asked about credit scores is: How often does my credit score update? Think of your credit score as being similar to a grade point average (GPA), only instead of telling you how you’re doing in your school classes, it indicates how well you’re managing your credit. Like a GPA, your credit score is a representation of your efforts at a specific point in time.
Applying for a credit card is relatively easy these days, but there are a lot of factors that go in to determining whether you qualify and, if you do, how much credit you qualify for. To maximize your chances of getting the right credit card, it helps to be prepared before you apply.
As places start to reopen after months of COVID-19-related restrictions and shutdowns, many Americans are ready to start traveling again. But it’s been so long since many of us have traveled that we may be a bit rusty. Plus, with the economic challenges and hardships that have impacted many Americans because of the pandemic, stretching a travel budget is more important than ever for price-conscious travelers looking to hit the road again.
The days of swiping your credit card are on their way out. That’s because magnetic-stripe technology—that stripe on the back of your credit card that contains information read by credit card terminals when the card is swiped—is over 50 years old. It was invented by IBM back in the late 1960s.
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.