dcsimg

How Credit Cards Work

What does variable APR mean?

Variable APR means that the annual percentage rate on your credit card can change over time. Don't worry, though. Banks can't just adjust your rates without notice or beyond reason. A complex set of rules governs how much you'll pay in finance charges on your outstanding balance. Banks base your APR on a prime lending rate, [...]

Categories: Credit Card Rates / Fees, How Cards Work
Retail rejection: Top six reasons your credit card was declined

There are few things in life more embarrassing than having your credit card declined, especially if you're attempting to make a purchase while you have people with you ("Hey, boss! I'll get the check!" Oops…). But before you slink away in shame, consider that there are a number of reasons your card could be declined, [...]

Categories: How Cards Work , Tips
Is it time to upgrade your credit card?

High interest rates and limited rewards got you down? If you aren't pleased with your current credit card, you don't have to go to the trouble of applying for a whole new account. A credit card upgrade may be all you need. "I upgraded my Gold Delta SkyMiles® Credit Card from American Express to a Delta [...]

Categories: How Cards Work , Tips
5 things your credit card company won't negotiate

You've gotten yourself into some financial trouble - overspending when work is slow or nonexistent. You are hoping to negotiate with your credit card issuer to give you some wiggle room with those monthly payments. Go for it, says Mike Sullivan, director of education for Take Charge America, a non-profit credit counseling organization in Phoenix. "I [...]

Categories: How Cards Work , Top Articles
What factors determine the credit limit you get on a credit card?

Credit card issuers have spent the past few decades developing a complex "matrix" system to match your credit profile with the "right" credit limit. Picture your credit score running down the left-hand column of that matrix, and your income running across the top row. An underwriter then sets optimal credit limits based on which block [...]

Categories: Miscellaneous, How Cards Work
"Your credit card has been declined…"

Having your credit card declined is almost a rite of passage, I suppose, for people who aren't incredibly rich. It's hard to imagine that any adult can go through life without their credit card or debit card being declined at least once, even if it's just a technical snafu. Which is what happened last Sunday, [...]

Categories: How Cards Work , Other, Credit Card Companies
I was sent a credit card without my authorization. What do I do?

Q: I was sent a credit card without my authorization. What do I do? My credit report was obviously dinged to obtain one. Will it be dinged again if I cancel? A: "Dear Lord, the gods have been good to me. As an offering, I present these milk and cookies. If you wish me to eat [...]

Categories: How Cards Work , Miscellaneous
Should you pay taxes with your credit card?

If you're paying income tax to the IRS this year, you have several ways to pony up, including cash, personal check and your favorite credit card. While there are positives to paying taxes with plastic, the experts we talked with say there are at least as many negatives. Rewards points and convenience are two reasons for [...]

Categories: How Cards Work , Tips
How to master credit card roulette

Many credit card articles are about the importance of using a credit card responsibly.  This one isn't one of those. Credit card roulette is a game, but it's definitely not for kids. Or people who are cash poor. Or people with a nervous constitution. If you think "credit card roulette" means deciding which of your credit card [...]

Categories: How Cards Work , Tips
Check's in the mail, the postmark may prove it

Panicking because you haven't paid your credit card bill yet? You may get a few extra days. Eight House Democrats are trying to fix a problem that has plagued credit card holders for years: when you send a check to a credit card company, you never really know if your mail will arrive before the deadline [...]

Categories: How Cards Work , Other

Start Here

Search. Compare. Apply.

Featured Partner Cards

loading