Category Archives: Credit Cards

Credit card balance transfer cards offer consumers an effective solution to consolidate debt without incurring interest charges for an agreed-upon period, usually six to 18 months. Before opting to transfer debt onto a 0% interest credit card, it’s essential that you understand which balances can be transferred and any requirements you must fulfill in order […]

Debt can be difficult to shed, but it’s possible through careful spending, prioritizing needs over wants, and forgoing cash advances. Pay off balances each month in full, limit the number of cards you have and negotiate lower interest rates with creditors. There are various strategies that can help reduce credit card debt, including making more […]

The Prime Interest Rate is used as a reference by banks when setting their rates for credit cards, personal loans and small business loans. When this benchmark changes, so will minimum payments on these types of debt. But, what exactly is the Prime Rate, and why should it matter? It’s based on the federal funds […]

Wells Fargo Active Cash credit card rewards offer an outstanding 2% cash back on all purchases; however, be mindful that it comes with a 3% foreign transaction fee. Its straightforward rewards structure, no annual fee and compelling 0% APR offer make this card an appealing option for both newcomers and experienced credit card users alike. […]

Capital One Spark Cash Plus credit card provides an outstanding rewards rate, no foreign transaction fees and an impressive welcome bonus – but not everyone qualifies; to qualify you must have impeccable credit as well as pay off the balance each month. As a charge card user, you are expected to clear your balance every […]

An outstanding balance (commonly known as current balance) on your account refers to all outstanding amounts owing on it, such as purchases, balance transfers, cash advances and any fees or interest charges that accrue over time. Understand that an outstanding balance differs from your statement balance, which appears on your monthly statement. What is an […]

Discover offers multiple methods of redeeming rewards, such as direct deposit or statement credit. They also offer gift cards as a redemption method. Cardholders can unlock 5% bonus earnings in select bonus categories each quarter with an online or mobile app access point – up to an annual spending cap of $1,500. Cashback Discover has […]

American Express Platinum Cards provide many valuable perks, including airport lounge access, up to $200 annually in airline fees reimbursement and hotel booking perks – but one often-underutilized benefit is their concierge service. The concierge team can assist with dinner reservations, event tickets and flower deliveries; as well as working to secure travel refunds you’re […]

Mission Lane Visa Card can help people who are working to establish or repair their credit histories. By reporting account data monthly to credit bureaus, this card can help build or rebuild credit over time and help boost your score over time. It’s also one of the few cards available for those with poor credit […]

Understanding Purchase APRs can help you better manage your credit card balance. A purchase APR refers to the rate at which unpaid purchases increase each billing cycle if your statement balance isn’t fully paid by its due date. Attractively lowering your purchase APR requires improving credit scores and making on-time payments – here’s how you […]