April 21, 2020

Most of us have suffered from buyer’s remorse at some point in time. The best way we can get rid of it is by returning the goods that we purchased. Whether the items were purchased with cash or via a credit card, the merchant will issue a refund matching the purchase amount as long as the buyer abides by the return policy. Why can’t you receive a cash refund for a purchase made with a...

April 14, 2020

Many consumers consider credit cards a substitute for cash, and for good reason. Virtually anything can be purchased with a credit card – from jewelry to plane tickets! Having said that, there are certain things which cannot be bought with this piece of plastic, a list of which is provided below. The primary reason why these purchases are disallowed is that, in such cases, there may be a hi...

April 10, 2020

You have been falling behind on credit card payments and now your bills are past due. Unfortunately, ignoring this problem won’t make it disappear – sooner or later you’ll need to find ways to deal with your debt. How to deal with mounting credit card debt and past-due bills It may seem like a problem that has no solution; however, here are four things you can do to mitigate it....

April 7, 2020

There are two reasons why credit limit holds are important for a credit card user. Firstly, it’s the maximum amount you can spend using your credit card. Once you’ve made purchases corresponding to this amount, you’ll need to pay off your balance before you can use your card again. Secondly, the proportion of credit limit that you’ve used up is what is defined as your cred...

March 31, 2020

Of course, the payments you make to your credit card company have an impact on your credit score. But what about the frequency with which you pay your card company? Does that affect your credit score in any way? Let’s find out. Before we start, let’s make one thing clear. The number of times you pay your credit card bill in a month is not listed on your credit report - nor is it inclu...

March 26, 2020

There are certain consumers who sign up for credit cards and never use them. Or perhaps, they hold so many cards that don’t realize they’ve not used a certain card for months or even years. Unfortunately, not using your credit card regularly can have a negative result – it may be canceled due to inactivity. Why do issuers cancel inactive credit cards? If you are not using your c...