Author: Ellen Gans

Learning to Trust Credit Cards

Hey Simple Dollar readers, I wanted to share an article by a new contributor to the site, Ellen Gans. In it she examines her own relationship with credit cards over the years, focusing on what it takes to really trust yourself to open up a card at all. Ellen is right in believing credit cards …

Understanding How Prepaid Debit Cards as Payroll Works

We’ve spoken before about the ins and outs of prepaid debit cards. They carry both benefits and drawbacks for the everyday consumer. The perks — including convenience and assistance with personal budgeting — need to be weighed against the drawbacks, which include ample fees for a variety of card-based activities. Prepaid debit cards have recently …

Categories: Credit Cards

When to Use Your Credit Card — and When to Not

Want to become a savvy credit card user? You’ve come to the right place. This article will discuss when to pull out your credit card, and when to keep it tucked away. We’ll also talk about surprising places that do accept credit cards, as well as a few places that do not. Use this handy …

Categories: Credit Cards

Prepaid Credit Card Right For You?

You know about credit cards and debit cards, and you may even be familiar with secured credit cards, but did you know there’s another option out there? Millions of Americans rely on prepaid credit cards to handle their finances. Prepaid credit cards work just as you’d expect: after acquiring a card, you load it with …

Categories: Credit Cards

How to Eliminate Credit Card Debt

$15,216. That number reflects the average US household credit card debt among indebted households. That’s a scary number, and it means that for every household with $1,000 in debt, there’s another household with over $30,000 in debt. Why is credit card debt so high? After dramatically reining in credit card issuance during the recession, some …

Categories: Credit Cards

Traveling with Your Credit Card: Safety Precautions to Consider

It’s summer, which means that many of us are packing up our bags and heading for the hills (or the beach, or the museums). The last thing you want to worry about is your credit card. Unfortunately, all too many of us face hassles with credit card security while traveling — especially during trips abroad. …

Categories: Credit Cards

The Future of Banking and Credit Cards

If you’re a fan of plastic payments, it may be difficult to imagine a world without credit cards. It’s no wonder they are such an ingrained part of society. Credit cards have been around for nearly a century! Credit cards were first introduced in the 1920s by merchants offering customers an alternative payment method at …

Categories: Banking, Credit Cards

What to Do if Your Credit Limit Gets Cut

If you just received notice that your credit limit has been slashed on one of your credit cards, don’t panic. You’re not alone. And it’s not something you should take personally — even rockstar, top-tier borrowers have seen their limits lowered in recent years. It’s frustrating, especially if you rely on your credit card for …

Categories: Credit Cards

How to Lower Your Credit Card Interest Rate

It’s okay. You can admit that you were sucked in by that 0% introductory interest rate. It happens to the best of us. But what happens when the introductory rate expires, and you’re stuck with rate that skyrockets to 15, 20, or 25%— or (gulp) even higher? Credit card interest rates drain you of your …

Categories: Credit Cards

How to Maximize Credit Card Rewards

A credit card is a credit card is a credit card — until you take all those snazzy rewards into account. Rewards programs are more popular than ever, and credit card companies use them to differentiate their offerings. If you’ve seen a credit card commercial on television lately, they’re not talking about payoff plans or …

Categories: Uncategorized

How to Dispute a Charge on your Credit Card Bill

It’s often hard to believe your credit card bill actually reflects the amount of money you’ve spent. “How did I spend so much?” you ask yourself. While unrecognized charges may very well be forgotten shopping sprees, that’s not usually the case. If something looks fishy on your bill, it’s worth investigating. Perhaps that $400 dinner …

Categories: Credit Cards

Compulsive Shopping and Credit Card Addiction

Let’s cut to the chase: compulsive shopping and credit card addiction are genuine problems, and they’re more common than you may think. If you suspect that you suffer from a compulsive shopping and/or credit card addiction, it’s important that you understand two things: You are not alone. There is a way out. This article isn’t …

Categories: Credit Cards