Credit scores are the latest addition to credit card statements Written by Maryalene LaPonsie February 28, 2014If it doesn't already, your credit card statement may soon contain some new information. Alongside your rewards points, account balance and due date, you may find three more digits: your credit score.
While it used to be you needed to pay $20 or more to check your FICO credit score, major card issuers such as Discover [...]Posted in:Credit Score
Young adults might be trading one financial mistake for another Written by Maryalene LaPonsie August 30, 2013I think everyone agrees starting adult life with a boatload of credit card debt isn't the brightest idea. So, on the face of it, data published by FICO earlier this year seems like a good thing.
The credit scoring agency said in June that more Millennials are skipping credit cards and those with cards are carrying [...]Posted in:Credit Score
To cancel or not to cancel? When to close a credit card account Written by Maryalene LaPonsie May 17, 2013You've paid off your credit card balance and are ready to say hasta la vista to debt. Good for you!
Now, about that credit card, should you close the account or keep it open?
At one time, conventional wisdom may have said to cancel the account as quickly as possible. Then, savvy consumers learned that arbitrarily [...]Posted in:Credit Score
Are you impatient? Your credit score may be suffering Written by Geoff Williams December 23, 2011Impatient people have lower credit scores.
If you think about it, this is pretty self-evident, and if it wasn't obvious to you, it's probably news you could have used before the holiday shopping onslaught, and not after when you're in full-throttle bill paying mode. Nevertheless, a study, which debuts in the January issue of Psychological Science, [...]Posted in:Credit Score
How much will that revolving debt add to the cost of your car? Written by Geoff Williams October 20, 2011Everyone knows that if your credit score goes down, the interest rate on a subsequent loan that you take out will go up. The questions are: by how much will your interest go up, and what moves can you make that will send your credit score dropping?
The answer is easy for that last part. Just [...]Posted in:Credit Score
Re-thinking Credit Card Choices Written by Mike Killian February 17, 2009Exceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever possible. The commercial market place is affected by this trend. What does this mean for consumers in return? What credit cards should they be considering? [...]Posted in:Credit Card FeesCredit Card InterestCredit Score
Benefits of Secured Credit Cards Written by Curtis Arnold February 11, 2009An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.
A secured card is often the best answer if you can't get a traditional card. Secured cards are accepted wherever credit cards can be used, and certainly come in handy for emergencies and for transactions when [...]Posted in:Credit Card HelpCredit ScoreSecured Credit Card
Altenative Credit Scores Provide Hope for Millions Written by Shane Tripcony February 5, 2009I would like to share some good news for the estimated 50 million consumers that have no credit rating or a limited credit history. There is now a viable option for establishing credit outside of the traditional avenues. The National Credit Reporting Association (NCRA)--a trade group representing small regional credit agencies--in combination with an organization [...]Posted in:Bad CreditCredit ReportsCredit Score
CardRatings is excited to announce the launch of the 100% Free CardRatings Email Course to Learn How to Maximize Travel Rewards.
Created in partnership with ChooseFI
We partnered with ChooseFI to combine CardRatings’ offer expertise with ChooseFI’s tried and true travel rewards strategies. Get to know ChooseFI: they have changed tens of thousands of lives and recently won Podcast of the Year at FinCon.
You may think you are a rewards travel expert, but rewards strategies are changing (e.g., the days of card churning and manufactured spending are numbered). Learn powerful, sustainable strategies (a couple of which even you die-hard travel experts might not know). You'll be so glad you did.
We're planning more courses for the future; this is just the beginning of our journey.