Category Archives: Credit Cards

What is an Outstanding Balance on a Credit Card?

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 Rewards Program Guide

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 […]

A Guide to American Express Platinum Concierge

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 […]

Understanding Purchase APRs

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 […]

American Express Travel Portal Guide

American Express Travel Portal provides members with various advantages when booking through this online booking tool, particularly those holding the Platinum Card from American Express who enjoy added perks when using AmEx Travel. AmEx Travel provides its members with a convenient way to book flights, hotels and more using points and cash. According to NerdWallet’s […]

Everything You Need to Know About Balance Transfer Checks

Unbeknownst to many consumers, credit card companies sometimes send balance transfer checks with low introductory APR offers in the mail – but these checks could end up being very costly if used irresponsibly. Consumers using debt consolidation checks should read through and carefully consider any fine print and calculations before using one, cautions Malik. Before […]