Annual Percentage Rate (APR): What is it and Why it Matters
Annual Percentage Rates (APRs) were designed to help consumers compare credit cards. They can tell you whether one card will cost more than another and they are one of the most important components of a credit card. Start lowering your credit card debt today. But it’s not as straightforward as you might hope or expect. […]
Read MoreCredit Card Debt in the United States: Trends and Issues
The average American consumer receives their first credit card aged 20. For many, it’s an exciting time, further proof they have ascended into adulthood and are ready for financial independence. Start lowering your credit card debt today. The delinquency rate is high on these cards, but the credit is low, often between $1,500 and $2,000, […]
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Truth About Reward and Store Credit Cards
On the surface, reward cards are a great way to make a few extra dollars or grab some air miles without increasing your spending or your debt. If you spend a lot of money at a particular shop, store cards will seem like an equally beneficial prospect. But these cards exist for a reason—they’re there […]
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Credit Card Balance Transfers
Credit card balances are crippling households across the United States, giving them insurmountable debts that just keep on growing and never seem to go away. But there is some good news, as this problem has spawned a multitude of debt relief options, one of which is a credit card balance transfer. Start lowering your credit […]
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What is a Foreign Transaction Fee and How Can You Avoid It?
Foreign transaction fees are irritating little charges that every traveler has faced, and most credit card users have questioned. They are the bane of a frequent flyer’s life and if not managed carefully, could result in some serious charges. But what are these charges, why do they exist, what’s the average fee, and how can […]
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Can you Pay a Credit Card with a Credit Card?
A credit card is designed to help you in an emergency, to give you options when there are none. But what happens if you have a maxed-out credit card in one hand and an empty card in the other, can you use one credit card to pay off the other and, more importantly, should you? Start lowering your credit card debt […]
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What is Credit Card Churning? Dangers and Benefits
Credit card issuers have consumers right where they want them, lending money at high-interest rates and earning money from many different fees. Even reward cards benefit the issuers, because all the additional perks and rewards they provide are covered by the increased merchant fees, which essentially means the credit card company offers you extra money to incentivize you to spend, and […]
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Can you go to Jail for Credit Card Debt?
Credit card debt is a very serious issue, one that can lead to many sleepless nights and a great deal of stress and anxiety. If you have credit card debt, you probably have a few questions concerning how much power your creditors have over you and what they can do with that power, with the principal question being, “Can you […]
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How Much Credit Card Debt is too Much?
Most Americans have credit card debt and will die with credit card debt. It’s one of the most accessible types of credit there is, becoming available as soon as you’re financially independent. It’s also one of the most damaging, as too much credit card debt could hurt your credit report, reduce your credit score, and cost you thousands of dollars in interest payments. […]
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How COVID-19 Affected Credit Card Debt
COVID-19 has had a devastating impact on the US economy and that impact may be felt for years to come. We’re at a pivotal point in the history of the United States, one that will be talked about in years and decades to come. Start lowering your credit card debt today. Whether it will be […]
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