If you’re ready to cancel a credit card, make sure you take the right steps so you avoid getting a hit to your credit score. That means carefully choosing the best time to cancel your credit card. Here are some tips for canceling a credit card: If you expect to apply for a large loan...
One easy way to establish credit is to get a retail card. It’s also a great way to build credit and enjoy the benefits of valuable perks. In some ways, credit card approval might be easier, although they’ll start you off with a small limit. They also typically do not have an annual fee. It could...
When getting your first credit card, most people have no idea how important it is to get it right. They should choose a credit card wisely so they can avoid high fees and interest rates. First, try to find cards that avoid annual fees because you want to keep fees to a minimum. Also, look for...
All sorts of factors play a role in the amount of interest you pay on a credit card rate. One influential factor is the federal funds rate, which impacts a number of interest rate trends, including that of credit card APRs. Other factors that affect it include: The type of APR. Variable credit card APRs...
Are you wondering what the average credit card APR rate is? Do you wonder whether you’re in that “average” category or above? According to the Federal Reserve, the average credit card interest rate as a whole is 12.51 percent. But, APR changes significantly depending on the type of credit card you’re using. For example, the...
Has a credit card company or maybe even a store waived a shiny new credit card deal in front of you lately? If so, you may be considering getting it, especially if there’s a great discount or special offer coming along with it. But, even for a great deal, you might think twice before getting...
Just because you have available credit, doesn’t mean you should use it. In fact, if you want to improve your credit score, you are encouraged not to use it. Getting caught in high balances looks unfavorable to credit bureaus. They see it as your credit utilization ratio (the ratio of your credit card balance to credit...
If you’re looking for a credit card with big rewards, go with the Citi Costco Anywhere Visa. It provides a wonderful 4% cash back on eligible gas for the first $7,000 per year and 2% cash back on Costco and Costco.com purchases with 1% cash back everywhere else. There is no annual fee, however you...
If you receive pre-approved credit card offers in the mail, you may be wondering where they come from. Keep in mind that receiving a preapproved credit card offer does not impact your credit score. So you’re safe there. But, accepting the offer will negatively affect your credit. So why you may be under the impression...
If you’re looking for an in-case-of-emergency card or you need to make a big purchase soon that you might not be able to pay off right away, the low-cost Barclaycard Ring Card may be a great fit. There’s no annual fee, and no balance transfer fee. Plus, the card comes with a 15-month 0% introductory...
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