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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 ReadingA secured credit card could be a good alternative to an unsecured card if you’re new to credit or trying to improve a poor credit history and are unable to qualify for an unsecured card. It can help you learn how to use credit wisely while building or rebuilding your credit.
There are plenty of articles out there touting why you should pay more than the minimum amount due on your credit card statement each month. And, yes, if you’re trying to pay off a credit card balance as part of a debt-reduction strategy, making more than a minimum payment each month is an important part of such a plan.
Within the span of only a few weeks, a microscopic virus most of us had never before heard of managed to drastically change the lives of millions of people around the world. People have suffered, people have lost their lives, and countless lives have been altered in a myriad of ways, including financially.
There are several advantages credit cards offer over cash, including special perks that cash can’t match. But these credit card perks are sometimes overlooked—oftentimes because card members aren’t even aware that their credit cards offer them. Taking advantage of credit card perks and benefits could save you time, money, and maybe even a few hassles. The perks credit cards offer may vary by card and card issuer, but there’s typically no additional charge to take advantage of these benefits—they’re either free or included as part of your credit card’s annual fee.
Do you know what your credit score is? According to a GOBankingRates survey, almost 40% of Americans do not. But knowing your credit score and where it falls in the range of credit scores could help you understand which types of credit or financial products you’re likely to be approved for. It could also help you identify areas for improvement if your credit score needs some work, which is important because people with higher credit scores are more likely to be approved for credit and qualify for lower interest rates and better loan terms.
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.