June 5, 2020

Have you heard of tradelines? Whatever credit account you have on your credit report – be it a revolving account or an installment account – it is addressed as a tradeline by credit reporting agencies. Each time a new credit account is opened, a new tradeline is created on your credit report. If an account is sold to another creditor or lender, then a new tradeline is created. The sam...

June 2, 2020

67 million Americans expect that they will have trouble paying their credit card bills due to the effects of the coronavirus crisis. Given the current circumstances, most credit card issuers are trying to offer assistance to their customers. This help may or not be advertised by the companies - so if you are facing difficulties with credit card bills, make sure you contact your issuer to understa...

May 28, 2020

If you require a certain medical treatment and are unable to foot the bill, your medical service provider may ask you to sign up for a medical credit card. Medical credit cards are issued by medical service providers. However, they are unlike normal credit cards in the sense that they cannot be used anywhere other than the institutions of participating medical providers. To put it another way, yo...

May 26, 2020

Online shopping has become an essential part of life for most of us. However, with increased convenience of online shopping comes increased risks – your credit and debit card information may be stolen by hackers who could use those details to make unauthorized transactions - or they may sell them on the dark web. To avoid being a victim of cyber-crime, here are nine things you must keep in ...

May 21, 2020

These days, more and more people are using digital wallets such as Google Pay and Apple Pay when making in-store purchases. While credit cards negate the need of carrying wads of cash wherever you go, digital wallets do away with the need to carry around multiple credit cards in your pocket. This is because you can link credit and debit cards to your mobile wallet. Once information about various ...

May 19, 2020

If you are charged a fee for making payments with your credit card, you may have wondered whether the practice is legal. The answer to this question is yes. Since January 2013, merchants have been given the right to charge “checkout” fees for credit card transactions. This fee is also known as a surcharge. When are surcharges permitted? Barring 10 states - Colorado, Connecticut, Flori...