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Credit Card Learning Center
Looking to apply for a new credit card? Not sure which credit card is the best for you, given your credit standing? Our Credit.com experts can help. Get the information you need to make smart credit card decisions. Discover how to evaluate credit card features & terms, as well as minimize credit card fees. Understand how banks will evaluate your application, and which card options are best for you, given your credit score.
Prepaid cards, also known as prepaid debit cards, let you load money onto a card and use it just as you would a debit card.
Unlike other debit cards, though, a prepaid card doesn't draw directly from your checking account.
Maybe you've trashed your credit. Maybe you've never built credit at all.
Either way, a secured credit card is an excellent way, when managed responsibly, to start building it up.
Credit cards are a modern convenience. And, increasingly, they're a necessity.
The growing list of businesses that accept only credit cards - and not cash --
includes hotels, airlines, resorts, rental car companies and even some restaurants and merchants.
When it comes to the world of credit cards, you're a complete newbie.
You've never applied for a credit card before and you're not sure where or how to land a good deal.
This guide will help you get started.
Interest rates are creeping up on all types of loans, but those introductory
low-rate credit offers just keep coming. My mailbox is flooded with offers like these:
A secured card is a fantastic tool for building credit. Whether you have no credit or you're
looking to rebuild your credit after some damaging financial times, signing up for a secured card
is a smart way to get your credit back on the right track.
Want to take charge of your financial life? Pay off your credit card debt.
High balances and high finance charges can put a real drain on your wallet
and limit your financial options.
It's truly a Catch 22: you need a credit card to rebuild your credit, but how do you get a credit
card with bad credit? Millions of people across the country have found themselves in this dilemma
after the recession, so you are definitely not alone.
Saying "I do" can be a life-changing event. But should you say, "I do" to your honey's credit cards, too?
When it comes to credit cards, couples can be as close or as separate as they wish.
The average credit card debt in America would seem like an easy figure to find, but it's not so simple.
Very often the information gathered is based on balances, which is different than debt.
For years bankers have envisioned a cashless society. We may not be there yet,
but we are moving in that direction. Between debit cards and credit cards and online
ways to move money such as PayPal, we're carrying fewer greenbacks in our wallets.
Need a little motivation to get out of debt? Interested in how your debt levels compare with the average American?
We've researched the Federal Reserve Board statistics to provide you with some perspective.
As frequent international travelers will tell you, often the best way to avoid expensive
charges involved with exchanging currency or travelers checks is to use your bank card at local
ATMs to withdraw money in local currency and to use your credit card for purchases.
If you've ever ordered your free credit reports, you may have been surprised by some of the accounts
listed there. You may find that credit card you opened to get a 10% discount when you bought a new set of tires.
If you're new to credit and have not yet established a credit history, it can often seem impossible to
find a lender willing to approve you for a loan or a credit card. It's a bit of a Catch-22
If your credit is damaged, or if you never established credit at all, a secured credit card
might be the thing for you.
The key is to applying for a credit card is to comparison shop, as you would for a car.
Do online research and collect any offers that you've received in the mail.
Ask your bank or credit union what they offer.
A low APR credit card can save you a lot of money in interest charges. But how do you pick one?
When it comes to maintaining good credit scores, closing a credit card account is a bad idea.
When you close a credit card account, you hurt -- not help -- your credit.