Posts Tagged ‘credit card’
Do a Credit Card Balance Transfer and Save
Do you have a credit card or multiple cards that have outstanding balances? If you are like many cardholders, your minimum monthly payment is made up of just the interest that you owe on your account and their balances have “gotten out of hand”. This sometimes happens when you hit a financial rough spot and use your credit cards as a crutch to get you through until better times. With many cards, if you are a day or two late with your monthly payment, the interest rate is adjusted to a new, higher default rate that makes it even harder [...]
Credit Cards with Perks – Choosing the Right One
Check your mailbox on any given morning (or your inbox) and you are probably not surprised to find a few credit card offers inside. If you are in the market for one, fierce competition among banks and card issuers means one thing. You do not have to settle for a card that doesn’t offer you “perks”. Credit card perks can range from traditional rewards like free air travel to cash back on purchases that can amount to a significant amount of money over time. Let’s look at how to choose the right card that has the perks that will benefit [...]
Advantages of Prepaid Credit Cards for Bad Credit
In today’s economy, there are more people than ever before with bad or negligent credit files. Bad credit can certainly hit you head-on like a ton of bricks. Once your reputation as a borrower has been soiled, gaining access to the credit that you need can become a challenge and getting a credit card is next to impossible. Fortunately, there is an alternative for folks who have a less-than-appealing credit history: the prepaid credit card. What is a Prepaid Credit Card? The prepaid card looks and works just like any other card with one blatant difference: your credit line is [...]
Student Credit Cards – Benefits and Pitfalls
One of the many advantages (or temptations, depending on how you look at it) of being a college student is that you will be offered various special credit cards during the course of your studies. Student credit cards can be a huge benefit to you as a student, but there are also known pitfalls that are associated with incurring debt while you are still in school. Let’s look at what you need to consider before you say “charge it”. Credit Cards Just For Students A student card works just like a regular card and is usually branded either Visa or [...]
Rebuilding Credit Post-Bankruptcy with Credit Cards
No matter what path in life led you to file bankruptcy, rebuilding your credit once your bankruptcy proceedings have been discharged is no small feat. Your new image as a borrower is one of a person who is reckless – and who does not mind walking away from responsibility by abandoning their just debts. The good news is that you can rebuild your post-bankruptcy credit by opening up two to three credit card accounts. Credit Cards for Horrible Credit Once your bankruptcy is discharged, your slate is marred, not “wiped clean” as the old saying mistakenly goes. Rebuilding your credit [...]