Understand the costs of spending over your credit limit and what to do if it happens You’re close to your credit limit and then you see it, that one thing you absolutely must have… It happens. Is your card going to be declined? What happens if you try to charge over your limit? How much does it cost to spend over your limit? It’s one of the most misunderstood parts of using a credit … [Read more...]
Can You Pay the Mortgage with a Credit Card? Should You?
Understand the benefits and dangers of using your credit card to pay the mortgage and other bills It’s easy to get behind, especially during the holidays. If cash in your checking account gets a little low, is it ok to pay your bills with a credit card? Is it the credit card to the rescue or is it a decision you’re going to regret later? Yes, You Can Put Your Mortgage Payment on a Credit … [Read more...]
Understanding Statement Balance vs Current Balance to Save Hundreds
Knowing the difference between statement balance and current balance is one of the most important ways to save on credit cards Credit cards can be your best financial tools or they can be weapons of financial destruction. Understanding how to use your credit cards will mean the difference between saving thousands of dollars or paying that much in fees, interest and late charges. Of course, … [Read more...]
How Many Credit Cards Should I Have?
Look at the good uses for credit cards to figure out how many you should carry with you Credit cards get a bad name but there are some very good uses for those little pieces of plastic cash. From reward points to emergency spending, credit cards have saved my financial butt more often than I can remember. Keeping my business spending straight would be impossible without a credit … [Read more...]
Students and Credit Cards: How to Master Credit
Understand how to use credit responsibly before you get your first credit card. Credit card language can be scary, especially for students getting their first credit cards. Principal? Fixed Rate of Interest? Default rate? What? Yet these mysterious terms can be mastered and the average young person can become a king or queen of credit! Or at the very least, new-to-credit consumers and … [Read more...]