Credit Cards

The 5 Best Travel Reward Credit Cards 2019
Credit Cards

The 5 Best Travel Reward Credit Cards 2019

Getting a travel reward credit card is the quickest way to manage your finances while on the road. Everyone has their own reasons to travel. Some do it for business while others for pleasure. But, you always end up spending more if you don't keep a track of your expenses. A travel rewards credit card not only helps you keep track of your spendings, but also provides you compensation in the form of reward points. That means you get certain points for every dollar spent using the credit card. Every credit card company has a different yearly reward and APR(Annual percentage rate). So, choose your credit card wisely. Here are the 5 best travel reward credit cards 2019. 1) Chase Sapphire Preferred® Card Chase Sapphire Preferred® Card is a premium travel reward credit card from ...
5 Best Business Credit Building Hacks!
Business, Credit Cards

5 Best Business Credit Building Hacks!

While each entrepreneur has a personal credit report, a few out of every odd business have a business credit report. A personal credit report is made the minute a person with a Standardized savings number acknowledges their first occupation or applies for their first type of financing. Be that as it may, a business credit report isn't naturally made and there is an assortment of steps that must be followed with the end goal to set up this imperative business financing device. Here are the primer advances you should assume to manufacture business praise: Check Your Own and Business Credit Files The main thing you need to do is check your own and business FICO assessment. For the personal, go to AnnualCreditReport.com—a free wellspring of credit reports checked by the administration ...
Credit Cards

Credit Cards Can Be a Good Thing

Credit cards often get a bad rap. They are blamed for all the financial evils in the world it seems. If a person is deep into debt then the first order of business is usually to cut up the credit cards! While I agree that the misuse of credit cards is quite rampant, that doesn't mean that they don't serve a useful financial purpose. If used properly a credit card can be an extremely useful tool for financial gain. Unfortunately, with all the bad press out there, millennials don't understand their credit card options available to them and how they can benefit. Reward Points While I highly advocate for using credit cards as often as you possibly can, I don't advise that you carry a balance or pay any interest on them. The interest is icing on the cake for credit card companies, they make t...
How Financial Institutions Use Technology to Protect Customers
Credit Cards

How Financial Institutions Use Technology to Protect Customers

By: Amanda Atcheson is Product Marketing Manager for CO-OP Financial Service In the 1980s and 1990s, credit cards were processed manually, with receipts using carbon copies for the retailer and input into a keypad later. This transitioned into a simple magnetic swipe through a keypad, with the swipe containing account information. However, while this method maximized efficiency and ease-of-use, it opened the door to a number of fraud possibilities. From unscrupulous retail employees to card data skimmers planted on keypad readers, fraud is a constant issue with credit cards. Fortunately, banks and credit unions have come together to push security technology forward. The following four features represent the best ways to stay safe in the modern digital age. #1: Chip Cards In the past y...
Credit Card Debt Consolidation: A Step toward Financial Freedom
Credit Cards

Credit Card Debt Consolidation: A Step toward Financial Freedom

Debt seems to be a major issue in most American households whether it has got to do with credit cards, post-divorce financial issues or medical bills. The average household in the US is known to carry about $16,000. Although the debt consolidation company advertisements convince you that eliminating debt is pretty easy and it is not a big deal getting back to a healthy financial situation. However, though the ads seem enticing, in reality, you need to do a lot of homework and ample research to stay out of financial distress or all sorts of money trouble. Most American households are experiencing grave money problems and this fact has now become a norm. However, this situation needs to be rectified at the earliest as it is not normal to be perpetually in debt. A lot of American consumer...
Balance Sheets, Credit Cards, Personal Finance

5 Reasons To Pay Off Your Debt Today

Do you have debt? Sadly, too many of us out there do. Debt can be a real killer though, and there are many reasons for why you should get rid of it. Below are my tips so that you can get rid of your debt today and not feel stuck because of it: 1. You're probably wasting a lot of money on interest. If you have debt, then you most likely are sending some money to interest. Unless your debt is at 0%, then your debt is not free. Have you ever stopped to see exactly how much of your money was going towards interest? I'm going to assume that it is TOO MUCH! 2. Debt can lead to stress. This is no surprise. Debt can lead to stress. If you cannot afford your monthly bills and your debt just seems to be piling up on you, you might fee like there is no escape. Getting rid of your debt is really the...
Credit Cards, Personal Finance

5 Tips To Manage Your Credit Cards

If you do not correctly manage your credit cards, then it may lead to credit card debt. Correctly manage your credit cards does not have to be hard. Below are five tips to correctly manage your credit cards. 1. Set up payment reminder. The first tip to correctly manage your credit card is to set up a payment reminder. This is to avoid any late fees or interest charges. If you have more than one credit card, then remembering all of your bills can be difficult, especially so if you have online statements only and you don't receive paper statements. I also schedule my credit card payment as soon as I can so that I do not forget. 2. Only buy what you can afford. To correctly manage your credit cards and your spending you should, of course, only buy what you can actually afford. You should have...
4 Places To Stop Using Your Debit Card At
Balance Sheets, Credit Cards, Personal Finance

4 Places To Stop Using Your Debit Card At

The other day I published the article Should You Have a Debit Card Or a Credit Card? As you know, I prefer to use credit cards over debit cards. T here are just so many more positives and benefits of using a credit card. However, I do know that some people prefer to stick to cash and their debit cards. That is completely fine and there is nothing wrong with that. However, with a debit card, there are some places where you should not use it and stick to cash or credit card instead if you can. Below are places that you should be wary of before you take your debit card out to pay or withdraw money. 1. When renting a car. If you are renting a car, it is usually best to use a credit card. Your credit card may even offer car rental insurance, but I would check with your specific credit card co...
Should You Have a Debit Card Or a Credit Card?
Balance Sheets, Credit Cards, Personal Finance

Should You Have a Debit Card Or a Credit Card?

Surprisingly, many people do not know the differences between a debit card and a credit card. I used to work in retail and I would see this all the time. I even had many people every single day who would try to pay with their ATM card (back when I worked in retail, there were cards that were strictly for the ATM - they were not considered a debit card and could not be used to buy things) and didn't understand the difference between that either. As a small side note, ATM only cards usually only allow you to take cash out of an ATM, you can not usually shop at a store with it. It's just not possible (oh the many times I was yelled at because people didn't know the difference!). There are many differences and we will be talking about those today. I usually use my credit card, but I know tha...
5 Common Credit Myths
Balance Sheets, Credit Cards, Personal Finance

5 Common Credit Myths

As a personal finance writer and a rewards credit card user, I often hear crazy credit myths from others. Many don't fully understand how credit cards, credit, and debt work, and today I would like to share these common myths with you. 1. I make a good income so my credit score has to be high. This is something that I have heard far too many times. Many people think that they can't get a good credit score because they don't make enough money. Others automatically think that their credit score is good because of their high income. Guess what? Both of these types of people are wrong! Your credit score does not take in account how much money you make. Your income has nothing to do with your credit score. I have seen people who make high salaries and have horrible credit scores. I have also...