Credit Card Basics

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How Does Credit Card Lounge Access Work?

How Does Credit Card Lounge Access Work?

Airport lounges offer an opportunity to relax away from the crowd while you wait for your flight. You don’t have to pay for an expensive membership or earn elite frequent flier status to access airport lounges. With credit card lounge access, you can access various airport lounges in airports around the world when you have […]

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Can You Buy Gift Cards With a Credit Card?

Can You Buy Gift Cards With a Credit Card?

Gift cards are simple, versatile and easy to buy. If you’re planning to buy a gift card with a credit card, you may be wondering whether you’re even allowed. Yes, you can buy gift cards with a credit card, but you may want to check with your card issuer before doing so. There may be

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Why Do Credit Card Issuers Ask Your Income?

Why Do Credit Card Issuers Ask Your Income?

Credit card issuers will generally ask for your income when you apply for a new credit card, and occasionally ask you to update your income. They use this information to help determine your card’s credit limit, decide whether to change your limit and to comply with federal regulations. Why Credit Card Issuers Ask Your Income

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Do Credit Cards Have Routing Numbers?

Do Credit Cards Have Routing Numbers?

A routing number is a unique identification code banks and credit unions use to transfer money. When you wire money, set up direct deposits or make electronic fund transfers, your bank uses your routing number to ensure the funds are sent to the right place. However, credit cards don’t have routing numbers simply because they

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How Long Does It Take for My Credit Card Payment to Post?

How Long Does It Take for My Credit Card Payment to Post?

Wondering when your credit card payment will be posted? Typically, a credit card payment takes one to five business days to post to your account. Fortunately, your payment may be considered on time even if it hasn’t been posted. How Long It Takes for a Credit Card Payment to Post It generally takes one to

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Should You Accept an In-Flight Credit Card Offer?

Should You Accept an In-Flight Credit Card Offer?

If you’ve been aboard a flight recently, you may have spotted a flight attendant strolling down the aisle clutching glossy brochures that market an airline-branded credit card. Meanwhile, a voice over the PA system goes over the offer’s highlights. As an enticement, the in-flight offer might, for example, supply 65,000 frequent flier miles as a

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Why Did My Minimum Payment Go Up?

Why Did My Minimum Payment Go Up?

The minimum payment due on your credit card can go up if your balance is growing or if you are late with a payment. Those are two common reasons, but there are others. Because your minimum payment is based on your interest rate and current balance, when those increase, whether from additional purchases or from

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Can You Have a Negative Balance on a Credit Card?

Can You Have a Negative Balance on a Credit Card?

A positive balance on a credit card means that you owe the credit card company money. But in some cases, the reverse may also be true. Yes, you can have a negative balance on your credit card. Here are some of the situations where that can occur and what you can do about it. What

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How to Read a Credit Card Statement

How to Read a Credit Card Statement

Reviewing the credit card statement you receive at the end of each billing cycle can help you better understand what’s happening with your account. However, credit card statements have so much information that you might find them overwhelming and confusing at first. Here’s a breakdown of what you can expect to find, how to read

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8 Expenses You Should Not Put on a Credit Card

8 Expenses You Should Not Put on a Credit Card

Credit cards can offer many benefits, including rewards, purchase protections and the option to pay off your balance over time. However, sometimes using a credit card isn’t the best option, either because you’ll have to pay extra fees or because there are better alternatives. 1. Rent or Mortgage Payments Paying your rent or mortgage with

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How to Cancel a Credit Card

How to Cancel a Credit Card

If you’re considering closing a credit card account, it’s important to make sure the account is ready before you call your credit card company, and also to confirm that your request has been completed. These steps can help you navigate the process of canceling a credit card smoothly and effectively. Should You Close a Credit

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9 Mistakes to Avoid When Using a Credit Card

9 Mistakes to Avoid When Using a Credit Card

To avoid common credit card mistakes, like missed payments and lingering balances, set up autopay and aim to pay off your whole balance every month. Think of your credit card as a tool to build credit and to occasionally afford larger purchases that you can pay off within your grace period. Used thoughtfully, credit cards

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How Will Rising Interest Rates Impact Credit Cards?

How Will Rising Interest Rates Impact Credit Cards?

Interest rates are rising, which means your credit cards are likely to get more expensive. The average credit card debt as of the third quarter of 2022 was $5,910, according to Experian data. That debt comes at a cost when you consider the average annual percentage rate (APR) for revolving credit accounts is 20.92% as

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