Category: Credit Card

6 ways to be smart with your credit card – You can either be indebted for the rest of your life burdened with credit card debt or use your card wisely for an advantage.They are a great help in case of...

How to avoid credit card fees – In the United States we say that there are two things you cannot cheat – death and taxes.You can safely add a  third to that list – credit card fees.For the most part,these maybe...

Credit Card Charge-Off – Not many people have heard of a charge off,but those who have are not very lucky if they got to know of it first hand via post.If you have every been intimated about denial of credit and...

How credit card issuers earn from you – Most users of credit cards are only aware of finance charges that they need to pay on their outstanding balances every month.However for your card issuer to be profitable,it levies more than just...

Will closing a credit card affect your credit score? – There maybe various reasons why a person may want to close their credit card that still has a balance on it.It maybe because they have a large balance on the card...

Closing a Credit Card That Still Has a Balance – Due to unforeseen circumstances you may want to close your credit card prematurely.Not that owning a credit card is for a specific time period,but most people use their cards lifelong and...

Pros and Cons of Joint Credit Cards – There are several advantages and disadvantages of joint credit cards.Card Lenders allow “add ons” to most of their cards and this is easier than applying for a new card. Why should you share...

What is the Credit Card Grace Period A simple explanation of this is – when you start off with a 0 balance on your new credit card,you will be given a certain amount of time until which to pay your card...

What is a Good Credit Utilization Ratio? – For those who didnt read my previous article on what credit utilization is,ill sum it up in a single para here.Credit Utilization is a ratio between the balance amount you have spent on your...

How Late Can I Make My Credit Card Payment?- It happens to the best of us,and often unintentional,but we all have had late payments done on our credit cards.How late can you actually pay that minimum due on the card,and are...

Why you should not close credit cards – Most of us are faced with the daunting decision of closing our credit card at some time in our lives.It is a choice we cannot make easily without seeing the pros and cons...

How Closing Credit Cards Affect Your Credit Score – I heard this millions of times when i worked for credit card collections – the card user would tell me that “they would take a scissor and cut that card up”. As...

What is the Credit Limit on a Credit Card?- Its the maximum capped amount that you,as the card user are allowed to spend.If your credit limit is $1000,then you can swipe your card for purchases upto a maximum of $1000 at...

What It Means to Max Out Your Credit Card – In technical terms a maxed out credit card is one that has a credit utilization of 100%.In simple layman’s terms,this happens when you have spent the entire credit available to you...

Understanding Credit Utilization – Ever wondered why your FICO score is not as much as you thought it would be?A greater credit score would allow you to take bigger loans in future for a house or for refinance if you ever...

Drawbacks of Retail Store Credit Cards – Retail store cards are easy to get and sometimes have some benefits like discounts on store purchases and easy issuance of credit, that might lure you to apply for one,but before you do that,...

How to Qualify for a Credit Card – Getting your first credit card is a tricky thing.It wont be hunky dory,but there will be verification,documentation and most important pre checks on your financial position before the card issuer can decide if...

What is a Credit Card Issuer? – Simply put,a credit cad issuer is a financial institution that gives the consumer a certain amount of credit that can be validated with an electronic card.The credit amount along with sensitive card holders information...

How to Get a Credit Card With No Credit History – This may seem like a catch 22 situation for many of you if you have ever applied for a credit card with no credit history.The credit card issuer will ask...

Target red card debit card review – The target red card debit card is  not a prepaid card, its not a credit card, although a credit card version does exist.This debit card is electronically linked to your bank checking account.It does not carry any balance...