Ever wonder how to increase your credit limit? With the right intention, it’s not a bad question to ask.
Having the right intention matters.
[Read more…] about How to Increase Your Credit LimitCredit Card Blog
Good Reasons to Use Multiple Credit Cards
Deciding to use multiple credit cards is not a black and white decision. There are good reasons to use multiple cards, and bad ones.
There are many factors to take into account before deciding to add a credit card to your wallet or purse. They include the impact to your credit score, the rewards it offers, its annual fee, and much more.
Depending on who you are, if you heard a friend or family member had 5 credit cards you may either think they are a personal finance wizard or an irresponsible spender.
How Are Credit Scores Calculated: A Beginner’s Guide
It’s financial literacy month, so this post is focused on something all consumers should know: How are credit scores calculated?
Banks and lenders use credit scores to see how reliable consumers (people like you and me) are and to understand the likelihood that they will pay back a loan.
A good credit score = a reliable consumer.
A bad credit score = a risky consumer.
[Read more…] about How Are Credit Scores Calculated: A Beginner’s GuideIs an Annual Fee Credit Card Worth it?
Is an annual fee credit card worth it? Definitely a question all consumers should ask (or think about) before signing up for a new credit card.
It’s actually a pretty simple question to answer, you just need to do some basic math.
Well… it was basic math until credit card providers started introducing points, miles, bonus offers and other hidden benefits (and fees). It’s not as simple as finding the best cash back offer anymore.
