There are various reasons to have more than one credit card, but the number of accounts you have will have a big impact on your credit score. Your credit score will determine your ability to secure loans and apartment rentals. Although too many accounts can negatively impact your score, credit scoring formulas aren’t designed to […]
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How Do Credit Cards Work?
When you get a credit card, you don’t just swipe the plastic to make a purchase. Depending on your income, debts and the amount of credit available on your other cards, you may be authorized for a certain credit limit. Once you have your card, payments are processed through payment networks that ensure the money […]
How to Get a Credit Card
If you’re wondering how to get a credit card, you’re not alone. You may be wondering how to get a credit card, or what the requirements are. The following article outlines the steps needed to apply for a credit card, check your credit report to ensure approval, and find out what the requirements are for […]
What Is a Secured Credit Card?
Before applying for a secured credit card, consider your financial situation and what you’ll use the card for. While the interest rate and credit limit will be higher than a traditional card, this credit card is typically used for smaller everyday purchases. To save money, shop around for the best rates. Some lending institutions are […]
How Does a Credit Card Work?
If you have ever wondered how a credit card works, you’re not alone. Millions of Americans have been wondering the same thing. There are so many facets of using a credit card, from interest charges to minimum payments to the grace period. Here’s an explanation of each. To get started, read the details of each […]
How to Pay Off Credit Card Debt Fast With a Balance Transfer
When you are trying to pay off credit card debt, you should consider using a balance transfer credit card. This type of credit card allows you to move the balance from one or more accounts onto another. It also works to shorten the time it takes to pay off your high-interest cards. This method is […]
What is the APR on a Credit Card?
If you’re wondering, what is the APR on a credit card? This article will explain the different types of APRs, including Purchase APR, Variable APR, Introductory APR, and Cash advance APR. This will help you understand the difference between these types of interest rates and how they can affect your credit score. Here are some […]
How Many Credit Cards Should You Have?
Depending on your financial situation and spending habits, how many credit cards should you have? You should avoid having too many cards if you’re unsure of your ability to pay them off each month. Having several cards can make it easy to get carried away and overspend. The more cards you have, the more responsibility […]
How to Apply For a Credit Card
If you’re looking for a new credit card, you need to know how to apply for one. There are several things you need to know, such as checking your credit score before applying for a new card, getting pre-approved online, obtaining a low interest rate, and requesting a reconsideration if you’re declined. Read this article […]
How to Make a Credit Card With Synchrony Bank
The financial benefits offered by Synchrony Bank credit cards are vastly different than those of other banks. But the real test of a credit card’s benefits is whether the cardholder actually uses it for its intended purpose. Here are a few of the biggest differences. And while Synchrony offers a wide range of credit cards, […]