Have you heard about credit cards with no pre-set spending limits? Usually, when you apply for a credit card, the issuer will tell you the maximum amount of money you can spend using that card – this is known as the card’s spending or credit limit and is mostly dependent on factors such as your…

One of the perks of having a credit card is that with every swipe, you can earn rewards in the form of cash back, travel miles or points. One of the ways in which you can redeem these rewards is by opting for a statement credit. What is a statement credit? In case of statement…

As consumers, we have come to rely greatly on credit cards as a means for conducting transactions. Instead of carrying physical cash around, we just put this piece of plastic in our wallet and present it to the cashier while paying for our purchases. But what happens if your credit card refuses to swipe? This…

Credit cards are extremely popular because they offer a myriad of benefits – not only do they allow you to spend now and pay at a later date, but credit cards also offer rewards in terms of cashback or points. However, at times there may be a cost attached to these facilities in the form…

It can make sense to open joint credit card account with another individual – perhaps you’ve just gotten married and feel that a joint account can help you manage your expenses better. Or perhaps you want to help your child build credit by opening a joint account with him or her. But what happens if…

Many consumers consider credit cards a substitute for cash, and for good reason. Virtually anything can be purchased with a credit card – from jewelry to plane tickets! Having said that, there are certain things which cannot be bought with this piece of plastic, a list of which is provided below. The primary reason why…

You have been falling behind on credit card payments and now your bills are past due. Unfortunately, ignoring this problem won’t make it disappear – sooner or later you’ll need to find ways to deal with your debt. How to deal with mounting credit card debt and past-due bills It may seem like a problem…

There are two reasons why credit limit holds are important for a credit card user. Firstly, it’s the maximum amount you can spend using your credit card. Once you’ve made purchases corresponding to this amount, you’ll need to pay off your balance before you can use your card again. Secondly, the proportion of credit limit…

Of course, the payments you make to your credit card company have an impact on your credit score. But what about the frequency with which you pay your card company? Does that affect your credit score in any way? Let’s find out. Before we start, let’s make one thing clear. The number of times you…

There are certain consumers who sign up for credit cards and never use them. Or perhaps, they hold so many cards that don’t realize they’ve not used a certain card for months or even years. Unfortunately, not using your credit card regularly can have a negative result – it may be canceled due to inactivity.…