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It’s common practice nowadays for credit card companies to increase their customers' credit limits without even letting them know or getting their “approval” first. One day you’ll have a $2,000 credit limit, and the next time you look at your monthly credit card statement you’ll notice your credit limit has been increased to $2,800. Before you think of an increased credit limit as a license to spend, there are some things you need to know.
Continue reading "What All Credit Card Holders Should Know About Credit Limits" »
The truth is that many American families have some level of credit card debt and most have too much of it. The American lifestyle has changed a lot in the last fifty years. Women entered the workforce in record numbers beginning in the 1960s, and our busy lifestyles have caused an increase in consumerism. We now need more goods and services than ever before, and along with an increase in spending, often comes an increase in credit card debt.
If you’ve ever applied for a credit card, you're familiar with the fact that credit card companies use a plethora of confusing credit card terms. Before you apply for another credit card, you need to know exactly what those terms mean. Read our credit card glossary below to get the 4-1-1 on popular credit card terminology.
Consumers who have significant amounts of credit card debt sometimes get frustrated, and that’s understandable. When faced with a mountain of bills, it’s easy to get upset. Most consumers who have credit card debt are willing to try anything to get out of it – including personal loans. However, there are a few things to consider before taking that road.
Continue reading "Are Personal Loans A Good Way to Pay Off Credit Cards?" »
The aggressive marketing of student credit cards on college campuses across has long been a problem. Unfortunately, it doesn't seem to be getting any better. As more and more people take advantage of student credit card offers, more and more cards come to the market. This means more predatory lenders want in on the action too. What's a parent to do?
It's nearing the end of the week and most of us could use a little humor -- credit card humor that is. Many of us joke about maxed-out cards, plastic implanted in our fingers and, of course, the “priceless” jokes. But the jokes don’t have to end there. Below we’ve got even more credit card humor.
Continue reading "How Many Credit Cards Do You Really Have?" »
If you’re planning on using your credit cards to purchase Christmas presents this year, there are a few things you need to know. One might think that using credit cards for Christmas shopping would be fairly simple -- and in many ways it is. However, there are some tips to follow if you want to make the most of your credit cards this holiday shopping season.
Continue reading "Helpful Tips for Using Your Credit Cards This Christmas Season" »
For years Suze Orman has been dishing out financial and credit card advice to attentive audiences and readers. She’s popular -- and for good reason. She’s honest, but more importantly, she focuses on what’s important in life: taking care of yourself and your family and friends. Most of my friends and acquaintances regularly tune in to her advice (though not all readily admit it). The interesting thing is -- Suze Orman’s advice about credit card issues seems to have changed recently...