rewards credit cards

The Surprising Reason You Should Cut Your Rewards Card Into Tiny Pieces

If you're looking for a reason to cut your rewards card to smithereens, talk to Patricia Newman. She contacted me after signing up for a United MileagePlus credit card, paying an annual fee and spending money like a sailor in the hopes that she could earn a "free" trip to Italy.

introductory APR

How Does an Introductory APR Work?

You know you're supposed to pay off your entire credit card balance every month. But that's not always possible. Whether you have credit card debt built up that's costing you interest each month or you plan to make a big-ticket purchase you can't afford to pay off right away, an introductory APR can help you save money.
Advantages of Credit Card Debt

What Are the Advantages of Having a Credit Card?

Paying for purchases with a credit card can offer many advantages if you can commit to spending only what you can successfully pay off in full each month. In fact, many of the advantages credit cards provide can save you money in the long run.

credit card interest rate cap

On credit card interest rates, careful what you ask for

The devil is in the details. At first glance Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez's proposals to cap credit card interest rates at 15 percent would be welcome or a national with more than $1 trillion in credit card bills.

Americans have more credit card debt than savings.

74 Million Americans Have More Credit Card Debt Than Savings: What to Do If You’re One of Them

America’s compulsion for credit card spending appears to be reaching entirely new heights. A recent report from Bankrate found that a staggering 74 million Americans now have more credit card debt than emergency savings, which is the highest that figure has been in nine years. Looked at another way, only 44% of American households have more emergency savings than credit card debt, according to the same report. That’s the lowest that savings-to-debt ratio has been in nine years.
Avoid credit repair scams.

Tips for Avoiding Credit Repair Scams

As someone who’s working to pay off significant credit card balances, as well as student loan debt, there’s rarely a week that goes by when I don’t receive some sort of debt relief marketing.I often find myself flummoxed by the increasingly creative ways that these companies find to get their message in front of me. In addition to emails and filling my real mailbox with offers, I’ve even received robocalls and text messages.While I’m sure I’m not alone in receiving this steady stream of advertising, I have become increasingly concerned with how one might actually attempt to sort through all of these offers to find truly legitimate assistance and not fall prey to scams designed to sink already vulnerable people further into debt.