Joe Taylor's Contribution on CardRatings.com
Joe Taylor Jr. has covered personal finance and business for over two decades, and has written and researched for CardRatings.com for over three years. His work has been featured on NPR, CNBC, Financial Times Television, Fox Business, and ABC News. Previously, Joe worked as a marketing and customer service training advisor for three of the country's leading consumer lenders. He recently completed a personal finance book entitled The Rogue Guide to Credit Cards; (Rogue Guide Books, 2012). When not writing about business, Joe serves as a corporate communications advisor for a Fortune 500 company.
Recent Contributions by Joe Taylor
Even though many zero-percent-APR introductory offers have been getting longer lately, a low-interest credit card can help you prepare for an emergency expense or for a moment when you might not qualify to surf your balance interest-free. PenFed Promise Visa Card Although credit unions don't have to ramp up interest rates to
Cash-back credit cards are a valuable financial tool because they provide rebates on typical everyday purchases. The market's best cash-back cards offer higher-than-average rebate rates, relatively low annual fees, and easy redemption options. Capital One® Quicksilver® Cash Rewards Credit Card Although this card's 1.5 percent cash back isn't the biggest of the
Although we celebrate college life as a relatively safe place to survive poor decisions, a blemish on your credit history can actually cause more damage than a drunken, late night tattoo. That's because the relationship you build with banks during the first few years of your adult life directly impact the
Although credit card companies jockey for position in the wallets of business travelers, summer vacation offers banks a chance to build new relationships with mainstream consumers. According to research from the U.S. Travel Association, more than three out of four domestic trips are taken for leisure purposes. In fact, the
Even though it sometimes sounds absurd to pay money for the privilege of borrowing money, a handful of major credit cards add enough value for cardholders to justify the cost of their annual membership fees. $: Starwood Preferred Guest® Credit Card from American Express In exchange for this card's modest annual fee,
When credit cards emerged as a viable replacement for cash in the middle of the 20th century, travelers had already developed an elaborate ritual for overseas visits. If you planned ahead, you could order foreign notes from your bank. Otherwise, companies like American Express could issue travelers' checks in foreign
Chase Slate® is currently offering new cardmembers an introductory zero-percent APR on balance transfers and purchases for 15 months. Although you'll still need to make monthly minimum payments, this deal enables you stretch your balance with no finance charges all the way through next holiday season and into the spring.
The answer can vary, depending on a variety of life events you can expect to happen over the next few months or years. Home or car purchase on the horizon? Wait until you lock in your loan. Your credit score plays the biggest role in your financial future when you're about to
I keep being denied a credit card so what do I do? I'm full-time college student and work one full-time job so I have income, but I need a credit card to build up my credit so I can buy a car.
Years ago, you wouldn't have been shocked to see first-year college students get starter credit cards just for setting foot in the nearest dining hall. Banks assigned lower-risk categories to students, assuming they'd earn higher-than-average incomes after graduation. But, the realities of a post-recession economy and pressure from consumer advocates
Maybe, but there's no hard and fast rule about when or why a bank might "charge off" your credit card balance. Under typical conditions, most banks classify an unpaid balance as bad debt after a borrower misses four or five consecutive monthly payments. Some lenders will also shut down an account
My credit score is 743. Every time I apply for a credit card I'm denied. I'm told I have too many balances on cards. I have two credit cards only totaling less than $2,000. I'm not sure what the problem is. I own a home, I make $85,000 on my own and I also have income coming in from my husband. What am I to do? Good credit, almost no credit cards, and I'm never late with anything. Any suggestions?
Welcome to the credit card marketplace's new normal. Before 2008, a credit score of 720 or higher would have guaranteed you access to most of the best credit cards on the market. Today, you'll need more than 800 points on most credit-scoring systems to get your pick of the best deals.
According to data collected by the U.S. Energy Information Administration, the typical American household spends close to $3,000 each year on gasoline. That's just under 4 percent of the average pretax household income. Fortunately, with the right gas rewards credit card, you can earn some of that back each year
That depends on how your bank reports your account to the credit bureaus. Many credit-scoring algorithms assign points based on the length of your overall account history, the age of your oldest open account, and the number of lenders reporting positive status. Because most banks treat unsecured and secured credit cards