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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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You may be able to switch between credit cards from the same card issuer without having to apply for a new card. Sometimes this is called upgrading or downgrading a credit card, depending on whether the new card has more benefits or fewer. More broadly, people refer to this process as a product change. Switching
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If you have an unloved credit card lying forgotten in the bottom of a drawer, it could be canceled by the credit card issuer. So could a credit card account that you simply didn’t pay. But with a little planning, you can keep your credit card account active and in good standing. Recurring payments, occasional
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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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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
How Will Rising Interest Rates Impact Credit Cards? Read More »
Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article How to Redeem Credit Card Rewards originally appeared on NerdWallet.
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If you get a notification that your credit card payment is late, you may encounter a late fee―but you’re not doomed to get an automatic credit hit. You can reduce the impact of a late credit card payment by paying immediately; in some cases, you could even have the late fee waived. Read on to
Late Credit Card Payment? Here’s What to Do Read More »
Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How to Send Money With a Credit Card originally appeared on NerdWallet.
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When a credit card purchase or billing issue is problematic, you may request a chargeback from your card issuer—in other words, ask them to refund the charge on your account. But if the issue resolves after you have already initiated a chargeback, it is possible to cancel cancel the chargeback. This may be preferable for
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If you’re not currently working, you can use your spouse’s or partner’s income on your credit application. This can help you get approved while still having a card in your own name. Here’s what to consider before doing so. Does My Spouse’s Income Count on My Credit Application? Your spouse’s income can count on your
Can I Use My Spouse’s Income for My Credit Card Application? Read More »
With literally thousands of options to choose between, picking a credit card can be a challenging prospect. Understanding which type of card you want, your spending habits and your credit can help you narrow down your list of choices to determine the right fit for you. What’s the Best Credit Card to Get? While some
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You have a credit card in your wallet for a retailer you frequent, and you see on the news that they’re going out of business. You might wonder if it’s your lucky day, with your sizable credit card balance disappearing along with the store. While this would be a nice treat for the cardholders, the
What Happens to My Store Credit Card if the Store Closes? Read More »
As rising interest rates push credit card annual percentage rates (APRs) higher, carrying a balance on your credit cards is getting more expensive. Whether you’re dealing with high-interest credit card debt or planning to make a big purchase, a credit card with an introductory 0% APR can help. With an intro 0% APR credit card,
How Do Intro 0% APR Credit Cards Work? Read More »
While most credit card applications ask for your Social Security number, there are a few that will allow you to apply for a credit card even if you don’t have a Social Security number. However, you will need to be able to verify your identity in a way that complies with their requirements. Get an
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If your fridge is running hot or your coffee maker no longer percolates, it can be a relief to know your manufacturer’s warranty will cover the cost of repairs or replacement. But, alas, your household appliances and other products sometimes break after the original warranty expires. That’s when your credit card’s extended warranty can come
How Do Credit Card Extended Warranties Work? Read More »
You can pay your credit card in cash when necessary. For some individuals and situations, there may be advantages or disadvantages to paying in cash. Here’s how to pay in cash and if it’s the right move for you. How to Pay Your Credit Card in Cash If you want to pay your credit card
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If you stop using your credit card for new purchases, your card issuer can close or curb your credit line and impact your credit score. Your credit card may be closed or restricted for inactivity, both of which can hurt your credit score. What to Expect When You Don’t Use a Credit Card You can
What Happens if I Don’t Use My Credit Card? Read More »
The Federal Reserve has announced its sixth rate hike this year, increasing rates by three-quarters of a percentage point in an attempt to stabilize the U.S. economy. For consumers, this means that “the market interest rates for credit cards, for auto loans, and for all the other loans are going to increase,” says Ligia Vado,…
What Fed Interest Rate Hikes Mean for Your Credit Cards Read More »
If you return an item and are waiting on your refund, you’ll still need to pay your credit card bill in full to avoid paying interest charges or a late fee. While you might know the money is coming, it could take days or weeks for the merchant to process your return and refund. In
Should I Pay Off My Credit Card if I Have a Pending Return? Read More »
It can be tempting to use your credit card when unexpected expenses put a strain on your wallet. However, you should avoid using a credit card to cover costs when faced with a financial emergency. If you use your card and can’t pay off the expense quickly, you could end up paying expensive interest charges
Should I Use a Credit Card as My Emergency Fund? Read More »
