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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

[October 25th, 2017]

Everyone loves a great rewards credit card. But here’s something you may not have known: every year, millions of credit card reward points go unused. If you are a credit card rewards fan and always make sure to redeem your points, miles, or cash back, you may…

[September 27th, 2017]

With recent headline news about data breaches and people’s personal information being exposed, many people are concerned about the possibility of identity theft. This is a legitimate concern, as there are millions of cases of identity theft every year. In 2016 alone, it’s estimated that one in 16 adults…

[August 24th, 2017]

If you are new to credit cards, or even if you aren’t, you might wonder if there is more to using them than meets the eye. While using a credit card is easy and fairly self-explanatory – pay for a purchase with the card, pay off the charges when…

[July 27th, 2017]

Having bad credit can feel like carrying around a burden that you can never set down; it affects so many things in your life that you may never have suspected it would. A poor credit score means you won’t qualify for the best interest rates on loans and credit…

[June 24th, 2017]

One of the best ways to get the most from your money when you’re on the road is to use a travel rewards credit card. You can earn frequent flyer miles, hotel reward points, and VIP perks that make traveling more comfortable and luxurious. But many people wonder which…

[May 22nd, 2017]

Paying down debt is one of the best things you can do for your credit score, your financial life, and your peace of mind. But if you have significant credit card debt, it can feel like a burden that will never go away. You just keep chipping away at…

[April 22nd, 2017]

There’s a stubborn belief among certain groups of people that says it’s foolish to use credit cards – that cash is the best and only way to pay for things, if you’re a financially responsible sort of person.

But this belief is not only wrong-headed; it could cost you money….

[March 19th, 2017]

If you have a credit card, or maybe several, you might feel like you know all there is to know about using it. Your credit card issuer likely sends you mail, email, and maybe even text alerts to stay in frequent communication with you, giving you all the information…

[February 10th, 2017]

The beginning of the year is the time when many people are trying to do two things: eat less and spend less.

Or maybe it’s more accurate to say that people are trying to eat healthier and spend healthier, rather than just to eat and spend less. Still, when…

[January 2nd, 2017]

If you’re like most of us, your New Year’s Resolutions start off with a bang in January and die on the vine sometime around Valentine’s Day, when the pull to consume a box of candy hearts or some Godiva chocolates is stronger than the pull toward the yoga studio.

However,…

Last Immediate

Hi, my card application online with a 763 credit score was approved instantly, but I got a letter shortly after turning down the 0% balance transfer I had requested due to it exceeding the credit limit I had no way of knowing. I wouldn't have applied for the card without the transfer. Can I cancel the card and apply to another without killing my score?

Answer:

Well, you can but do you really need it. As I understand you can’t transfer your entire balance on your new balance transfer credit card because limit is exceeding. Then why not to do it in several steps? Transfer just a part of your balance at first, pay it off in short possible time and then transfer the rest of your balance. Any way even if you are not allowed to balance transfer your entire dept, getting rid of just a part of it is already a big plus.
If your decision is firm and you don’t need this card, then contact the credit card issuer and cancel the credit card. Destroy the physical card too. Check your credit report a couple of months later to be sure the cancellation took place and how it affected your credit score. It shouldn’t harm your credit score much though. Your score may temporarily go down a bit but it will come back up.

›  View all questions...
[October 24, 2017]
Many people may be familiar with the name Frank Abagnale. Played by Leonardo DiCaprio in the 2002 movie Catch Me If You Can, Abagnale has worked with the FBI for over four decades and advised hundreds of corporations and government agencies about fraud prevention.

Now Abagnale, in his role as the...

[October 05, 2017]
People who love taking advantage of Groupon’s discount offers now have an even better way to save money when using a Groupon – as long as they pay for it with an eligible Mastercard or Visa credit or debit card.

Groupon Plus offers a completely paperless, voucherless option for saving at res...

[September 06, 2017]
If you’re familiar with travel rewards credit cards, you probably already know that Chase Sapphire is one of the most popular ones out there. Their Ultimate Rewards program offers cardholders a one-to-one value when transferring points to airline and hotel loyalty programs, double or even triple p...
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