What Happens When You Miss a Credit Card Payment?

Credit Cards

What Happens When You Miss a Credit Card Payment?

What Happens When You Miss a Credit Card Payment?

Uh-oh! You just received your credit card statement, and it shows large interest rates and fees that you didn’t expect. And in bold letters, you are informed that it is because you missed a payment. At this point, several things may be happening to your account. Here’s a rundown. 1. You could be assessed a late fee. Most… Read More

Can You Get a Credit Card With No Salary?

Credit Cards

Can You Get a Credit Card With No Salary?

Can You Get a Credit Card With No Salary?

Molly wants a new credit card and has her sights set on one issued through a community bank. But there’s a problem: She doesn’t have an income, at least not in the traditional sense. “My income is almost all from investments,” she wrote in an email. “My business actually runs at a deficit, and gross… Read More

7 Reasons to Use Credit Cards for Holiday Shopping

Credit Cards

7 Reasons to Use Credit Cards for Holiday Shopping

7 Reasons to Use Credit Cards for Holiday Shopping

It’s hard to overstate the importance of holiday shopping in America. Every year, shoppers enjoy it, retailers count on it, and gift recipients are delighted. And after finding the best bargains, the next-greatest challenge shoppers face is to choose a method of payment. If you use credit cards responsibly, they can be a great tool for protecting… Read More

The 5 Worst Credit Card Mistakes You Can Make

Credit Cards

The 5 Worst Credit Card Mistakes You Can Make

The 5 Worst Credit Card Mistakes You Can Make

Like any powerful tool, credit cards can be useful or harmful, depending on how they are used. Used wisely, credit cards offer a secure and convenient method of payment along with impressive benefits and valuable rewards. Yet when cardholders make mistakes, it can lead to costly fees, interest charges, debt and ruined credit. So keeping… Read More

6 Credit Card Lies You Should Tell Yourself

Credit Cards

6 Credit Card Lies You Should Tell Yourself

6 Credit Card Lies You Should Tell Yourself

There is probably only one person in the world that you should ever lie to — yourself. Forcing yourself to believe a small lie can be an effective way to help you make smart decisions. For example, pretending that there’s a police car around every corner might be a great way to avoid speeding tickets. Likewise, there are… Read More

Can You Pay a Credit Card With a Credit Card?

Credit Cards

Can You Pay a Credit Card With a Credit Card?

Can You Pay a Credit Card With a Credit Card?

Tight on cash and worried about how you’ll make your credit card payment this month? Waiting for a commission check, tax refund or insurance settlement so you can pay off bills? Or are you trying to use your credit card to pay for as much as possible so you can earn reward points or cash back? … Read More

7 Things to Do When You Get a New Credit Card

Credit Cards

7 Things to Do When You Get a New Credit Card

7 Things to Do When You Get a New Credit Card

A mysterious, non-descript envelope finds its way into your mailbox one day. It weighs a bit more than other letters, so you open it up to find a shiny new credit card. Perhaps you have recently opened a new account, or maybe it is a replacement for a card that has been lost, stolen, or… Read More

Is a Balance Transfer Right for You?

Credit Cards

Is a Balance Transfer Right for You?

Is a Balance Transfer Right for You?

When you’re already in financial trouble, getting a new credit card may seem impractical. And certainly opening up additional lines of credit can sometimes lead to a deeper hole of debt. On the other hand, switching your balance from one card to another can help lower your monthly expenses and buy you time to aggressively pay… Read More

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