Help! I Need a Higher Credit Limit

Credit Cards

Help! I Need a Higher Credit Limit

Help! I Need a Higher Credit Limit

An ample credit limit can give you lots of spending power and flexibility, so it’s understandable why a person may be looking to get a higher one. Still, if you’re one of them, be sure you can handle more available credit first. Credit cards are best leveraged by paying your balance off in full each month. Otherwise, interest... Read More

The Credit Card Mistake You Can’t Afford to Make This Weekend

Credit Cards

The Credit Card Mistake You Can’t Afford to Make This Weekend

The Credit Card Mistake You Can’t Afford to Make This Weekend

Cardholders are a loyal bunch, according to an analysis by TransUnion which found the average consumer plans to put nearly 80% of his or her holiday expenses on one piece of plastic. This despite the fact that spending ramps up in December and the average consumer carries five cards. Putting holiday purchases on one card has some advantages. tI can prompt issuers to send “more attractive credit... Read More

Credit Card Convenience Checks: A Cautionary Tale

Credit Score

Credit Card Convenience Checks: A Cautionary Tale

Credit Card Convenience Checks: A Cautionary Tale

A credit card convenience check allows you to tap your credit card’s line of credit, and can seem like a godsend if money is tight and you need a short-term loan, or you need to consolidate debt. But there can be pitfalls that catch even the most careful cardholders unaware. Our reader, whom we’ll call... Read More

Why Does My Credit Card Limit Affect My Credit Score?

Credit Score

Why Does My Credit Card Limit Affect My Credit Score?

Why Does My Credit Card Limit Affect My Credit Score?

Occasionally we get questions from readers who have gotten an automatic credit limit increase, and they wonder if there is a downside to accepting it. Or they close a little-used account and their credit scores go down, even though they are using cards and paying them off exactly as they had been. What’s going on... Read More

5 Credit Cards With No Spending Limit

Credit Cards

5 Credit Cards With No Spending Limit

5 Credit Cards With No Spending Limit

Life can be unpredictable, and you never know what you may need to spend money on tomorrow. For example, homeowners may be forced to make costly repairs, and business owners may have to take an expensive trip with very short notice. In these situations, you may suddenly need more spending power on your credit cards than... Read More

5 Ways to Get a Higher Credit Card Limit

Credit Cards

5 Ways to Get a Higher Credit Card Limit

5 Ways to Get a Higher Credit Card Limit

Do you need more spending power from your credit cards? For some credit card users, a larger line of credit can be necessary to finance their purchases. And even if you avoid interest by paying off your entire statement balance, your credit limit may be insufficient for your monthly spending needs. Here are five of the best ways to... Read More

5 Ways to Improve Your Credit Score in 2015

Credit Score

5 Ways to Improve Your Credit Score in 2015

5 Ways to Improve Your Credit Score in 2015

The new year is a time for resolutions, new beginnings and (hopefully) a higher credit score. It may be the last thing you are thinking about this holiday season, but your credit score can affect your mortgage, your job potential and, ultimately, your life. So, now is the time to start thinking about, monitoring and improving it.... Read More

10 Common Reasons Your Credit Card Was Rejected

Credit Cards

10 Common Reasons Your Credit Card Was Rejected

10 Common Reasons Your Credit Card Was Rejected

You’ve spent months scouring the Internet for the perfect washer and dryer combo to complement your newly renovated laundry room. Finally, you’ve located what appears to be the perfect match at the right price. Suddenly the deal is off. Your credit card won’t go through, and you have no other immediate form of payment to... Read More

Should I Ask for a Credit Card Limit Increase?

Credit Cards

Should I Ask for a Credit Card Limit Increase?

Should I Ask for a Credit Card Limit Increase?

Sometimes, timing is everything. For instance, credit card issuers may be willing and eager to increase your credit limit, but only if the request is made at the right time. Why Increase Your Credit Limit? There are three main reasons to ask for a credit card limit increase. First, cardholders may regularly need the additional... Read More

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