How to Calculate the Value of Your Credit Card Rewards

July 31, 2018

Earning credit card rewards is a great way to offset the cost of purchases you already make. But it’s worth calculating just how much those rewards are worth if you have to pay an annual fee on the credit card, or are trying to streamline your rewards strategy to focus on one or two cards that are most valuable for you. While it may seem easy to dismiss all credit…

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How to Get Your First Credit Card and Build Credit

July 18, 2018

When my husband wanted to propose to me, we were just finishing up college. He went to a jewelry store at the mall and picked out the prettiest engagement ring he could reasonably pay for with a payment plan. He provided his Social Security Number for the credit check — but was disappointed to learn that his credit history was not long enough to qualify to buy the ring on…

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Credit Card Signatures Are Going Away — Should You Be Worried?

July 12, 2018

Major credit card companies no longer require consumers to sign for credit card transactions, signaling a day when you can say goodbye to signatures forever. That will eliminate a decadeslong practice. Having consumers sign a credit card receipt was considered the best way to protect against fraudulent purchases for many years. You may even remember the manual credit card machines that made an imprint of the card onto a sheaf…

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Does Your Teenager Really Need a Credit Card?

July 3, 2018

Giving your teenager a credit card may seem like a scary proposition, but it could be the safest way to teach them about credit. Credit expert John Ulzheimer says it’s just like teaching your teenager how to operate a car, but in a controlled environment. “Nobody would just let a teen hop in a car and drive,” says Ulzheimer, who formerly worked with Equifax and FICO. “And nobody should just…

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When Should You Pay a Credit Card Convenience Fee?

July 2, 2018

One of the great things about credit cards is that consumers typically don’t have to pay for the convenience of using them at the point of sale. You usually swipe your card, and the merchant bears the 2%-3% transaction fee that covers the cost of processing the payment. Merchants are actually permitted by law to pass those costs on to consumers in the form of a credit card surcharge, except…

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Why It Pays to Wait Before Applying for a New Rewards Card

June 14, 2018

When I got my first credit card, the only incentive I was offered was a two-liter bottle of soda. That was enough to get me to pause at the table set up on my college campus and fill out the paper application. Nowadays, bonuses for getting a new credit card can be much more substantial. It’s not uncommon to be able to take an international flight using the bonus miles…

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8 Credit Card Perks That’ll Make Your Summer Travels Easier

June 14, 2018

Summer is here, and it’s time to get out and enjoy the weather. If you’ll be vacationing in the next few months, you can bet that there’ll be millions of other people traveling as well. It can be a hectic time, but there’s one surprising thing you might already be holding in your wallet that can make your travels way easier — your credit card. It can pay off (literally)…

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What Happens to a Student Credit Card After You Graduate?

June 14, 2018

Getting a student credit card while you’re in college is a smart move. It can be a great tool to learn how to handle credit cards correctly without accidentally drowning yourself in tens of thousands of dollars’ worth of debt. Moreover, credit cards allow you to get ahead of the curve by building your credit history before you even graduate. This single factor alone makes up about 15% of your…

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You’re Denied a Credit Card Due to Too Many Hard Inquiries. Now What?

June 14, 2018

If you’ve been chasing credit card rewards for a few years now and feel like all the best credit card rewards opportunities are drying up, you’re not alone — and you’re definitely not crazy. Whether we like it or not, credit card issuers have been tightening up criteria for new card approvals over the last few years. Many limit how often you can get a signup bonus on a particular…

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