July 14, 2020

Are you spending sleepless nights stressing over your financial situation? The coronavirus pandemic may have hit income streams hard, but that doesn’t mean that you have to worry about how you are going to pay your bills. The credit cards in your wallet can offer a way out of your financial dilemma. If you tweak the way you manage your credit cards, and you may find that you have enough res...

July 7, 2020

Unless you’ve been living under a rock, you must have heard of credit cards that offer special introductory rates, often as low as 0%. These cards charge low interest rates for a specified period of time after you open your account and can be incredibly useful if you want to finance a large purchase or quickly pay off your existing balance. How do introductory rates work? To attract new cus...

July 2, 2020

If you have a hard time stopping yourself from swiping your credit card, or if your credit card is costing you hundreds of dollars in fees per year, then it may make sense for you to close that account. At times, consumers may also cancel their account if they are tired of managing too many credit cards. Depending on your situation, cancelling a credit card can make sense; however, when you do so...

June 30, 2020

If you use a credit card, you already know that the instrument has a credit limit – or in other words, there is a limit to the amount you can charge using that credit card. When your credit card balance is near (or over) the credit limit, it is said to be “maxed out.” So, if your credit limit is $2,000, and you have made purchases worth $2,000 using that card, it would mean that...

June 25, 2020

A credit card can be an extremely beneficial instrument – its presence in your pocket means you need not carry bundles of cash everywhere you go, or worry about losing the same. Moreover, you can use your credit card to take out a loan if you are temporarily short of funds. Having said that, credit cards are not meant to be used recklessly – unless you exercise caution, you may find y...

June 23, 2020

A balance transfer deal can help you get rid of debt quickly by allowing you to pay down the principal faster. Most balance transfer cards offer 0% interest for a limited amount of time - known as the promotional period. Since no interest is charged during this time, all payments you make on the card go entirely towards reducing the principal amount. However, using a balance transfer card can hav...