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...
Have you gotten a preapproved offer in the mail for a loan? Keep in mind that you may get offered a higher interest rate than expected. The lender is going check your credit score and although you might be approved, the lender doesn’t have to give you the same terms you were offered in the...
If you’re getting a bunch of pre-approved offers in your inbox, you may be wondering why. These companies simply ran some basic info about you and have guessed that you are likely able to pay it back. This doesn’t mean you automatically get the loan; you’ll have to take extra steps for that. But, it...
Credit unions are similar to banks but are owned by their members. That’s why when applying for a loan they make a great option because they are nonprofit organizations that pass along earnings to members in the form of lower fees and higher customer service. If you need to find a credit union go to...
Peer to peer lending is an online platform that allows you to borrow directly from an individual instead of from an institution. Peer to peer lending is growing in popularity because it’s a simple process that’s a win-win for borrowers who pay low interest rates and investors who earn high interest rates. You can borrow...
If you have average credit, the Capital One QuicksilverOne Cash Rewards Credit Card may be a great option. It is great for those who have had a credit misstep (or two) in the past few years. Keep in mind that it does have a $39 annual fee and a 24.99% APR. But, you’ll earn an...
If you’re a new grad, the Citi Double Cash Card is a great option. Depending on your credit, you can enjoy a variable 14.24% to 24.24% interest rate with no Annual Fee. The Citi Double Cash Card rewards you for paying the bills on time. Cardholders earn 1% cash back on purchases, then another 1%...
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