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.
Here’s Why Your Credit Score Matters More Than You Think
[October 19th, 2018]
You may not spend too much time worrying about your credit history. After all, we’ve got enough to think about these days. Between going to work, getting enough sleep and exercise, keeping up with the news, and maintaining your relationships with family and friends, who has time to focus on their credit score?
But you may be in for a rude awakening when the time comes that you want to apply for a rewards credit card, secure an auto loan, or get pre-approved for a mortgage. A bad credit score, or even an average one, could lead to a higher interest rate than you bargained for, a declined application, or a request for a co-signer or collateral payment to guarantee the loan.
Your credit score is likely to be accessed by potential landlords and employers as well as any financial institution that is considering loaning you money or issuing you a credit card. So if you’re apartment-hunting or job-hunting, you’ll want to make sure your credit score is as healthy as possible.
The key to excellent credit
If you’d like to get your credit score as close to the 800 range as possible, there are a few things you need to do. The first one is to always make payments on time. A late or missed payment can make a dent in your credit score, and habitually late or missed payments can really drag it down.
Just as important as making on-time payments however, you should never max out your credit cards. Having a credit limit of $10,000 does not mean you should run up $10,000 in debt and take months to pay it off. Consider what your available credit is, rather than your total credit limit, and keep the amount you owe on a rotating basis to less than 10 percent of your total credit limit. That means keeping a balance due of less than $1,000 on a card with a $10,000 limit.
On-time payments and amount of available credit aren’t the only factors that make up your credit score, but they are the most important ones. If you can follow these two guidelines, your credit score is sure to shine.
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[February 07, 2019]
Say farewell to Marriott Rewards, The Ritz-Carlton Rewards, and Starwood Preferred Guest programs––and say hello to Marriott Bonvoy.
The newly minted Marriott Bonvoy loyalty program will offer a single portfolio to guests who utilize all three programs. It will still reflect the value and be...
[January 03, 2019]
The way you pay for a purchase with your credit card may be very different in five years than it is now. That's because biometric cards - credit cards that scan your fingerprint to prevent fraud or theft - are forecast to flood the market by 2023.
SmartMetric, Inc., which develops and manufacture...
[November 19, 2018]
Tis the season to spend money we may not have on things we may not need. As the winter holidays approach, many kids are preparing their letters to the North Pole and dreaming of the presents they hope will be under the tree on Christmas morning. But the reality is, kids who get everything they ask S...
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