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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 ReadingThe end of the year may be associated with the holiday season for most of us, but it’s also known as “The Giving Season” amongst charities. According to a 2016 CBS News report, many charities receive up to half of their annual donations during the five weeks between the Tuesday after Thanksgiving (“Giving Tuesday”) and New Year’s Eve.
“It’s the most wonderful time of the year!” proclaims the holiday song with the same name as its iconic opening line. But it can also be the most expensive time of the year for many Americans. Credit One Bank was interested in finding out how our card members expect their 2017 holiday spending to go, so we contacted over 18,000 of them back in September 2017. Our definition of the “holiday season” included November through New Year’s, and the nearly 1,000 survey respondents were asked to consider the following five categories in their responses: gifts, food, decorations, entertainment, and travel. Here’s what they told us.
One of the advantages of the smartphone age is how easy it is to manage your personal finances. You don’t have to be tech-savvy to stay on top, and ahead, of your accounts from the convenience of your mobile device. Download your institutions’ apps and become a personal finance wizard—paying bills, transferring funds, and checking your balance, all before your barista finishes making your double almond latte.
According to recent research by Statistic Brain, 41% of Americans usually make New Year’s resolutions, yet only 44.8% of those who do, manage to maintain them longer than six months. That same research found that financial resolutions rank third in popularity, behind only losing weight and general self-improvement. And effectively managing your credit can play a major role in improving your finances.
Once you have your new credit card, your next step is to properly manage your account to help you build credit and take advantage of all your card has to offer. You also want to practice active management in order to avoid potentially expensive pitfalls like credit card late fees or fraud. Here are the essential best practices to help you master credit card management, become a super savvy account holder, and gain peace of mind.
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.