Who wouldn’t want a 0% APR on purchases forever? Being able to avoid interest charges on new purchases every year sounds fantastic. Almost impossible. For a time, it seemed that banks were going in the right direction. Some started offering a 0% APR on purchases for 24 months, but those…
Most consumers can’t imagine life without a credit card. They offer an easy and convenient way to pay at a moment’s notice; help you make large purchases, and even earn you cash back. But not many take the time to review all the unique credit card benefits and perks available…
Credit cards are convenient financial products for your everyday life: they offer quick access to spending power when you need it and can even help you build credit. Not surprisingly, the majority of people have one. According to the Federal Reserve’s latest U.S. household survey, 83% of adults own at…
You’ve probably noticed that when your credit card company makes certain changes to your card’s terms, you get a written notice. However, if your card issuer reduces your credit limit, it usually happens without warning. When a lender decreases your credit limit by surprise, what can you do about it?…
Most credit card issuers offer an interest-free period for purchases – known as a grace period – provided you pay your balance in full by its due date. Understanding what a credit card grace period is and why it matters is important. It can help you avoid interest charges and…
Many of us have received pre-approved or pre-qualified credit card offers in the mail at one time or another. But you may be wondering: what exactly does it mean to be pre-approved for a credit card? Does it imply a guaranteed approval? Before delving into the details, it’s important to…