Credit Cards

Best Rewards Credit Cards of 2014

Rewards credit cards come in various types, such as cash back, airline, travel, hotel, and brand loyalty cards. Given the sheer number of credit cards (thousands), picking one is a matter of personal preference in many cases. The best rewards credit card for you ultimately depends on your spending habits. In order to capitalize on …

How to Fix Your Credit Properly

Sometimes, it seems like you can scarcely turn on your television or radio or web browser without seeing someone offering you a great solution to your credit woes or proper protection against credit worries. Pretty much anything involving the word “credit” is a hot commodity. There are thousands of businesses out there who want to …

Personal Finance Advice For Store Credit Cards

You can barely visit a chain store these days without being offered a credit card associated with that store. From Wal-Mart and Best Buy to Target and JC Penney (and countless others), offering credit has become a big part of the business for many retailers. The usual advice for store-specific credit cards is to avoid …

Credit Cards and Annual Fees

As I’ve mentioned before on The Simple Dollar, I’m a believer in the healthy use of credit cards. As long as you keep your balance low and pay it off in full every month, I view credit cards as being almost entirely positive. They help your credit. Many cards provide discounts and other bonuses. They …

Categories: Credit Cards

Reader Tip Tuesday #4

A little late, but a good one! Here’s this week’s Reader Tip Tuesday. Once you’ve gotten into dangerous waters with a credit card, it’s tempting to swear off of plastic entirely. But before you do, it’s important to understand know that there are plenty of ways to use credit cards to avoid and get out …

Credit Counseling Guide to Debt Management

You may feel like giving up. Suffocating under a mountain of debt can make you feel helpless. Perhaps you’ve even been considering bankruptcy.  The jury is out on whether bankruptcy should be an absolute last resort, or one that should be considered seriously in order to deal with exorbitant, unpayable debt. Still, most people do …

Categories: Credit Cards

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

Credit Card Processing Explained and Mobile Readers Reviewed

Jim McKelvey was a glass artist, creating exquisite hand-blown glass bowls and spiraling faucets. About five years ago, a visitor to Jim’s St. Louis studio was so impressed with his work that he wanted to make a $2,000 purchase on the spot. Without the cash on hand, the customer offered to pay with a credit …

Categories: Credit Cards

Stoozing Made Simple: A Guide to Earning Extra Cash

You first started stoozing at work. Then your boss caught you. You thought you were going to be fired, until he said he wanted to watch. Late one night you were stoozing at home. You thought your wife was in bed, asleep – but she wasn’t. She caught you, too. At first you thought she …

Categories: Credit Cards

Financial Independence: What Does It Mean?

We’d like to thank Experian for having us on their Twitter chat a couple of weeks ago. The topic was financial independence, and we heard a lot of great opinions from Ready for Zero, Wise Bread, Madam Money and everyone else who participated. Here’s a look back at the major themes discussed: Financial Independence Is …

Categories: Credit Cards, Money

How To Raise Your Credit Score

It may seem difficult, but let’s face it: raising your credit score is easier than lowering your cholesterol. We’re talking about money here, not fried chicken – so, anything is possible. Maybe you went through a rough patch and have come out the other side, a bit battered but ready to right the ship. Here …

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

How to Travel for Free: The Ultimate Guide to Air Miles Rewards

There’s just no better feeling than slipping into that airline seat, heading out on a wonderful vacation and knowing all the while that you’re flying free. As expensive as airfare has become, the smart use of credit card air miles can be one of the best ways to boost your vacation budget. Credit card rewards …

Categories: 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