You may not give much thought to how you use your credit card, but your issuer sure does. Credit companies know that you fit into one of three distinct credit card personality types. Here's a rundown of all three.
Type 1: the Revolver
Let's get this out of the way first -- if you're a Revolver, your [...]
There's little doubt that Americans with higher credit scores get better deals on core consumer items like mortgages, auto loans and credit cards.
So why do so many U.S. consumers know so little about their credit scores?
According to the Consumer Federation of America, 40 percent of Americans didn't know that credit card companies use credit scores [...]
If you've never had your own rewards credit card, chances are that you might be missing out. That's because, as Lauren Gensler recently pointed out in Forbes, some of the biggest banks around are trying to build their credit card customer base by reaching out to their own customers. To make the sale, writes Gensler, [...]
In the popular Netflix series "House of Cards," Kevin Spacey plays a character who builds a career by carefully layering one deception on top of another, much like someone building a house of cards. For too many American households, the tools of deception are not playing cards but credit cards, and it is the worst [...]
Have you ever done anything crazy with a credit card?
Most Americans have, according to a new study conducted by Op4G on behalf of CardRatings.com. From weddings to weed, people charge the darnedest things.
This would be mildly amusing if it were not for the tremendous cost. According to the Federal Reserve, credit card balances have been [...]
Want to treat your sweetheart this Valentine's Day? Although motivated by love, Valentine's Day can quickly become an expensive affair. Last year CNN estimated that the average American spent $130.97 per person for a total spending of $18.6 billion. But you can use your credit card to make the holiday less expensive for you and [...]
According to data collected by the Federal Reserve, many American households carry between $7,000 and $15,000 in credit card debt. Finance charges on that kind of balance can sap some serious cash from your household budget every year. Fortunately, stronger competition among credit card issuers has led to a resurgence in balance-transfer offers. Along with [...]
So you want a credit card with zero-percent interest?
While they disappeared during the credit crunch, credit card issuers have brought them back lately. Despite their proliferation, they're tough to get, and high in demand, but obtaining the highly rare zero-interest credit card is doable if you know where to look.
"Zero-interest credit cards are definitely more [...]
Now that the holidays are over and a new year has begun, many people are using the time spent indoors on chilly winter days to declutter and organize paperwork in preparation of tax season. Before you pull out the shredder, it is essential to understand what papers and statements you need to save and what [...]
A trip to the dentist's or doctor's office can be pricey.
Should you put the bill on your favorite rewards credit card? Here are some things to consider before pulling out your card.
You've already got a rewards card
There is a good chance you are carrying a rewards credit card in your wallet. According to a 2012 [...]
Here's a secret that you may already know but it can't hurt to remember: personal finance is a skill. How you use your credit, where you put your savings, how you invest for retirement or for your children's future -- it all takes knowledge, patience and planning.
That said, just about any skilled practitioner will tell [...]
In the third quarter of 2013, total household indebtedness in the U.S. rose to an astonishing $11.28 trillion dollars, up 1.1 percent from the previous quarter. And, according to government data and Federal Reserve statistics, $4 billion of that increase can be attributed solely to credit card debt. So, what does this tell us? It [...]
Once you reach a certain level of responsibility at work, you may be chosen for a company credit card. You won't be alone, either -- ABC News reported that Americans charged $140 billion on corporate cards in 2009. Corporate credit cards are often used to help streamline a company's financial logistics, or to demonstrate to [...]
Credit card advertisements are almost unavoidable. Just about every commercial break on television features Alec Baldwin, Jimmy Fallon or some other celebrity pitching a credit card, and then there are the offers that pop up on websites or arrive in your mailbox. Are these advertisers wasting their breath -- not to mention their money and [...]
Small-business owners are in a quandary these days. They want access to credit and liquidity, but they're not really using business credit cards to get the job done.
About half of U.S. small-business owners say access to capital is a barrier to growth right now, according to the New York Federal Reserve's Small Business Credit Survey. [...]
Competition has crept back into the credit card marketplace, with major brands squaring off against upstarts from unusual places.
This year, banks and payment platforms worked even harder to give consumers reasons to remain loyal to their brands.
The holiday season is filled with decking halls, spending time with family and eating delicious homemade treats. But each holiday season, many consumers become a victim of credit card fraud or theft. And spending your days on the phone with the credit card company and worrying about the crime is a sure way to take [...]
Wallets have always been an easy way to show off fashion sense and number of credit cards (or lack thereof). However, wallets themselves are increasingly important multi-functional accessories. As wallets are developed that fulfill a variety of needs and even incorporate useful technologies, and as the holidays approach, they can make unique and personalized gift [...]
Editor's Note: Thank you for your interest, these holiday offers expired and are no longer available.
Black Friday deals might not be enough to capture the hearts (and wallets) of rewards credit card holders this year, according to new research from Capital One. During the bank's recent Rewards Barometer survey of more than 1,000 consumers with [...]
Even though we're experiencing some of the lowest credit card APRs from the past few decades, you might still be able to save money on finance charges by asking the right question at the right time. Despite competition among banks, it's not always easy to qualify for a balance transfer offer. Besides, you might love [...]
Would you like to retire in about five years?
Prepping now will lead to smoother financial sailing during your long-anticipated retirement years.
Here are four ways to prepare your finances for your fast-approaching retirement years.
Don't lose money that could be used for your retirement on high-interest credit card debt, advises Kathleen Campbell, a certified financial planner [...]
After returning from a relaxing 12-day trip to Hawaii, I unpacked my suitcase and sorted through vacation photos. You know what I didn't do? Nervously wait for the credit card bills to arrive. Using reward points and some creative thinking, we spent less than $2,500 on our trip for four to Kauai and Oahu. Throughout [...]
While Christmas may seem months away, holiday songs will be playing on the radio and the malls will be transformed with decorations before you know it. Start researching and shopping for holiday gifts now and you can take full advantage of your credit card's perks.
Here are five tips to help you avoid the holiday rush [...]
For Louis DeNicola, it started in college with a student Visa credit card. That was followed by two store cards.
Then came the realization that credit card rewards points could hold the key to free travel. One free flight to Europe and a couple free hotel stays later, the New York City resident was hooked. Today, [...]
When you share a credit card with someone, you are effectively giving them access to your wallet and your reputation. You need to be careful about who you grant that access to, and what they are doing with it.
On behalf of CardRatings.com, survey company Op4G asked 2,000 adults about their credit cards. The answers give [...]