dcsimg

How Credit Cards Work

A friend of mine is an authorized user on a credit card in which the primary card holder has a large balance. How can she get her name off of this card?

Question: A friend of mine is an authorized user on a credit card in which the primary card holder has a large balance. How can she get her name off of this card and is she responsible for paying off the balance, none of which is her charges. Lastly, does this affect her credit? Any [...]

Categories: Miscellaneous, How Cards Work
I have asked my bank for a lower APR but was denied. How can I find another credit card to get rid of my high interest rate without going through a debt agency?

Q: I have asked my bank for a lower APR but was denied. How can I find another credit card to get rid of my high interest rate without going through a debt agency? A: You have a couple of options here, depending on your comfort level with your current bank. The financial crisis rocked the routines [...]

Categories: Chase Credit Cards, Balance Transfers, Discover Card Credit Cards, Citibank Credit Cards, How Cards Work
How can I raise MY debt ceiling?

Do you have the best credit card you can qualify for? Maybe you did when you applied for your current card, but by now you may have improved your credit score or increased your income, and you think you deserve some extra headroom when it comes to making purchases. Or perhaps you have plans for [...]

Categories: Tips, How Cards Work
Dying with debt: Will your children inherit your obligations?

When Lisa Boesen's parents died a few years ago, they left $60,000 in credit card debt. Lisa and her two siblings were surprised, but they had never discussed their parents' finances. Within a month, creditors began aggressively calling. One credit card company, which repeatedly called Boesen trying to negotiate a payment, ended up putting a [...]

Categories: Debt, How Cards Work
Can you explain how to use the convenience checks that come with credit card statements?

Question: Can you explain how to use the convenience checks that come with credit card statements? Answer: The blank checks that come with your credit card statements are called convenience checks. Many consumers find it appealing to be able to write a check without the money coming out of your checking account. But this isn't free [...]

Categories: Miscellaneous, How Cards Work
Does every credit card charge interest on purchases if the balance isn't paid in full?

Question: Does every credit card now charge interest on purchases if the balance isn't paid in full on the payment due date? Answer: There are very few exceptions I can think of when interest would not be charged. A zero percent introductory purchase APR would be one. Another instance is that some cards are in fact [...]

Categories: Credit Card Rates / Fees, How Cards Work
How often do you have to use your credit cards to keep them active?

Question: How often do you have to use your credit cards to keep them active? Answer: The answer to your question will vary depending on your creditor. Therefore the exact answer is probably written on your contract or available by contacting your creditor. Keep in mind, however, that in this economic crunch, creditors do not [...]

Categories: Miscellaneous, How Cards Work
Quiz: Are you and your partner credit compatible?

Whether you're planning a wedding or celebrating your anniversary, you know that compatibility is one of the keys to marital bliss. But there's more to compatibility than both liking artisanal bacon (yes, it's a thing) and Icelandic poetry. Many couples forget to make sure that they're also financially compatible, especially when it comes to credit cards. And [...]

Categories: How Cards Work
Credit Card Canceled Without Notice? Fight Back!

Following a series of shuddering changes in the economy, credit card companies have gotten tough in dealing with consumers. For years, lenders thrived on credit card customers who couldn't make payments on time, and companies reeled in late payment penalties and interest charges. But too many consumers defaulted on their debt, and now credit card [...]

Categories: Credit Card Help, How Cards Work
How One Credit Card Issuer Made Decisions: Ability, Stability, and Willingness to Pay

Lending decisions vary from lender to lender. The purpose of this article is to offer some insight into how I thought about credit card and loan applications while I served as credit analyst for a major credit card issuer. There is a lot of fuss surrounding FICO scores and credit scores in general. These scores need [...]

Categories: Credit Card Companies, How Cards Work

Start Here

Search. Compare. Apply.

Featured Partner Cards

loading