Credit Cards

Super Bowl LII (52 to you non-Romans) will take place at U.S. Bank Stadium in Minneapolis on Sunday, February 4. We could have had the Jacksonville Jaguars in their first Super Bowl appearance facing the Minnesota Vikings as the first team to ever play a Super Bowl in their home stadium – but neither team
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What do you do when your credit card just doesn’t meet your needs anymore? Perhaps you have an airline or hotel rewards program that isn’t relevant anymore, you are paying annual fees that aren’t worth the benefits you receive, or you now qualify for a card with a better interest rate. If you are in
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Santa was not so kind to your friends and relatives this year, so you felt the need to fill the gap. You overspent on holiday gifts, and now you are stuck with a significant amount of holiday debt. Gratitude from gift recipients is a great feeling, but gratitude is not going to pay off your
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How often are you asked at a retail outlet if you have a store credit card, and if not, whether you would like to apply for one and put today’s purchase on that card? These cards are examples of “instant approval” credit cards — cards that are approved or denied within a matter of minutes
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Wouldn’t it be nice to have a higher credit limit on your credit cards? A higher credit limit could serve as a buffer for an emergency cash flow problem, saving you from searching for short-term loan options. Another advantage of a higher credit limit is a potentially higher credit score through lower credit utilization –
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It’s no surprise why many Americans struggle with credit card debt – we spend more on our credit cards than we pay off at the end of the month. What are the expenses that drive that debt? It’s probably not what you think. Based on a new survey from CompareCards.com by LendingTree, the majority of
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Billionaires and the impoverished have one thing in common – momentum. Once you achieve high levels of wealth or debt, it’s very easy for either one to continue to grow. A recent report by the Institute for Policy Studies highlights this point. The study found that three billionaires – Jeff Bezos, Warren Buffett, and Bill
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Have you ever made payments only using your voice? Most people have at least given their credit card number out over the phone or have used automated phone payment menus – although the latter often leaves people shouting “REPRESENTATIVE!!!” at their phone attempting to interface with a human being. Significant advancements in voice recognition technology
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What brightens up your holiday shopping season? You may prefer a quiet Christmas season at home, large family gatherings at the home of the relative who drew the short straw, or hand-to-hand combat on Black Friday at the mall. However, everyone agrees that saving money on Christmas shopping gives the holiday an extra layer of
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Credit scores are somewhat like IRS tax codes: we know they’re important; few folks fully understand them; and failing to successfully deal with either can cost you a lot of money. While most of the factors determining your credit scores, such as payment history, number of open accounts, and type of accounts, take months or
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It’s that time of year when the leaves change colors, pumpkin flavoring is crammed into everything imaginable (who needs Eye Drops with Pumpkin Spice?), and scary things come out on Halloween – but will you open your door on October 31 and be confronted by anything scarier than these hair-raising financial horror stories? They Stole
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Automatic payments from your bank account can be a great convenience, but they can also be a source of problems if you don’t pay attention. Do you check your payments on every bank statement? If not, you may be paying incorrect amounts or making automatic payments for a service or subscription that you don’t want
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Consider these five terrifying words: “I can’t find my credit card!” Panic sets in. Now you have to immediately contact your credit card issuer, cancel your cards, and go through the headache of resetting all of your accounts and automatic payments – or do you? Some credit card issuers offer a convenient locking feature that
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Normally you are on time with your payments, but somehow you managed to miss one this month. What are the consequences of a missed payment, and how do you minimize their effects? Missing a single credit card payment may not seem like a big deal, but, as Matt Schulz, Senior Industry Analyst at CredtiCards.com observes,
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It’s tough living on the lower end of the credit score scale. If you have a credit score below 640 or so, you are generally given “subprime” lending offers for any form of credit that you request. From credit cards to auto loans and mortgages, you will be hit with higher interest rates and potentially
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With more and more information stored online, more bad guys are just a password away from our personal data. As hackers have stolen financial information from large corporations like Equifax, Yahoo and even the Internal Revenue Service, identity theft is on the rise. “Identity theft can trash your credit score because there’s the risk that
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Have you ever seen ads for “Get Rich Quick” books? We suspect the only person getting rich quickly is the author selling his book! Perhaps the first page of the book reads, “The secret to quick riches is to publish and sell a book on getting rich quick.” At MoneyTips, all of our eBooks filled
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According to the 2016 U.S. Consumer Payment Study conducted by the credit card service company TSYS, credit cards have displaced debit cards as America’s most preferred payment method. Why is credit the new king? The sheer number of credit cards plays a role, with 61% of Americans saying they have two or more credit cards
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Have you been frustrated over the last few years with an inability to get credit? A recent survey by the Federal Reserve of New York suggests that while credit may be loosening, your frustration may continue. Three times a year since October 2013, the New York Fed’s SCE Credit Access Survey assesses the state of
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Credit card usage is dropping among the millennial generation. A surprising 67% of Americans between 18 and 29 years of age have no credit cards at all, according to a recent survey. That compares to only 45% of Americans between the ages of 30 and 49, and 38% of those aged 50-64 without credit cards.
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Credit is a great convenience, but it’s a convenience that you will pay for — especially if you go over your credit limit. Traditional over-limit fees were radically changed by the Credit CARD Act of 2009, which switched credit card over-limit fees to an opt-in basis — meaning that consumers have to specifically consent to
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April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? Sound financial decisions are important all year long, but most Americans never learned how to manage money or save for goals, so financial security is a bigger challenge than it needs to be.
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