When you use your credit card to buy new shoes or the latest CDs those products are yours to keep. You can use them for years to come and pay for them over a few months if you wish. But when you use your credit card for cash advance to pay for daily necessities like groceries and gasoline you will pay much more for that privilege. And you will have to give it all back as quickly as you can. Read more.
Credit card companies are increasingly dangling reward cards to lure new customers, offering cash back and points that can be exchanged for merchandise, airline miles and hotel stays. Though appealing, reward cards may not always be the best option. Read more.
Are you tired of fighting high credit card fees? Why not lower your interest payments by transferring your balance to another credit card. Balance transfers are one the smartest and easiest ways to reduce credit card costs. Just be sure you understand the terms and conditions of the new card, so you can maximize your savings. Before you run out and switch credit cards, consider whether you want to keep your current credit card. If you do, simply ask for a lower interest rate. Read more.
Buy now and pay later. It's become the American way. There's no doubt that a credit card can be a powerful and useful tool. However, as more and more Americans discover every year, too much of a good thing can lead to big trouble.
It's the truth. Everyone loves a bargain. Likewise, nobody likes to find out they've paid too much. It's true when you're buying, and it's true when you're borrowing. Who doesn't want the best interest rate possible? The problem is that if the interest rate on your credit card seems too high, it won't just lower on its own (unless, of course, you have a variable-rate card and rates in general are dropping). If you're paying too much in interest, you need to take action now. Read more.
A credit card is a form of borrowing that often involves charges. Credit terms and conditions affect your overall cost. So it's wise to compare terms and fees before you agree to open a credit or charge card account. The following are some important terms to consider that generally must be disclosed in credit card applications or in solicitations that require no application. You also may want to ask about these terms when you're shopping for a card.
Get points for every $1 you spend on credit card purchases. Points may be redeemed for gift certificates, merchandise, air travel, hotel stays, and much more! Redemption starts for as little as 1000 points.