The Ultimate Guide to Credit Cards
Tuesday, June 18, 2024
Eric Bank
Author Info Icon

About The Author

Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets. Eric specializes in taking complex subject matters and explaining them in simple terms for consumer audiences, particularly in the world of personal finance. Eric holds a Master's in Business Administration from New York University and a Master's in Finance from DePaul University.

Latest Posts Icon

Latest Posts

277 posts written/edited to date
What is an Authorized User? A Guide to the Pros, Cons & Legal Responsibilities

What is an Authorized User on a Credit Card?

An authorized user on a credit card is someone the primary cardholder adds to their... read more »

Eric Bank 6/6/2024
What is a Security Deposit? How Secured Cards Work and Can Help You Build Credit

How Credit Card Security Deposits Works

Consumers with bad or no credit may have a difficult time qualifying for an... read more »

Eric Bank 6/4/2024
What is a Foreign Transaction Fee? How They Work & How to Avoid Them

Why Credit Cards Charge Foreign Transaction Fees

What do a Swiss cuckoo clock, a box of Belgian chocolates, and a bottle of French... read more »

Eric Bank 6/3/2024
What Is a Credit Card Annual Fee? Why Issuers Charge Them & Cost-to-Benefit Analysis

Credit Card Annual Fees & Whether They’re Worth It

An annual fee is a charge you pay once a year to use a credit card. It’s like a... read more »

Eric Bank 5/28/2024
What is a Credit Utilization Ratio?

What is a Credit Utilization Ratio?

Your credit utilization ratio (CUR) represents how much of your total credit limit... read more »

Eric Bank 5/16/2024
What Is a Credit Card Interest Rate? Types of Rates & Debt Impacts

What to Know About Credit Card Interest Rates

A credit card interest rate is the price you pay to borrow money from a credit card... read more »

Eric Bank 5/15/2024
What is an Average Daily Balance?

How Average Daily Balance Impacts the Interest You Pay

The average daily balance on a credit card is how much you owe daily, on average... read more »

Eric Bank 5/7/2024
What Are Cash Back Rewards?

An In-Depth Guide to Cash Back Rewards

Cash back rewards are a small refund when you buy something with a credit card... read more »

Eric Bank 5/2/2024
What is the Prime Rate?

How the Prime Rate Affects Card Interest Rates

The prime rate is the best interest rate banks provide to their customers. Credit... read more »

Eric Bank 5/1/2024
What Is a Credit Score?

Everything You Need to Know About Credit Scores

A credit score is a number, most commonly ranging from 300 to 850, that represents... read more »

Eric Bank 4/16/2024
Capital One’s Big Move Shakes Up the Credit Card Market

Capital One's Big Move Shakes Up the Credit Card Market

On February 19, 2024, Capital One decided to add Discover’s credit cards to its... read more »

Eric Bank 2/21/2024
7 Things to Know About the Discover Debit Card (Feb. 2024)

7 Things to Know About the Discover Debit Card

Discover® is renowned for its high-value, low-cost financial products, and the is a... read more »

Eric Bank 1/2/2024
9 Best Business Credit Cards For LLCs (April 2024)

9 Best Business Credit Cards For LLCs

A cautionary tale about Joe, a new LLC owner. He was excited about his new business... read more »

Eric Bank 12/26/2023
8 Credit Cards for Students with Bad Credit & No Deposit (June 2024)

8 Cards for Students with Bad Credit

Navigating the credit card world can be tricky, especially for students with bad or... read more »

Eric Bank 12/18/2023
6 Best Cash Back Prepaid Debit Cards (April 2024)

6 Best Prepaid Cards With Cash Back

Move over, cash back credit cards! Make room for prepaid debit cards with cash back... read more »

Eric Bank 12/11/2023
6 Best Reloadable Debit Cards (April 2024)

6 Best Reloadable Debit Cards

Reloadable debit cards provide an effective way to pay with plastic without... read more »

Eric Bank 11/22/2023
9 Best Credit Cards to Pay in Full Monthly (June 2024)

9 Best Cards to Pay in Full Every Month

All credit cards let you spread your payments over multiple months. Even so-called... read more »

Eric Bank 11/21/2023
7 Best Lease Buyout Auto Loans (Feb. 2024)

7 Best Lease Buyout Auto Loans

Leasing is a flexible alternative to a car loan because it offers several options... read more »

Eric Bank 11/20/2023
4 Best Online Bank Accounts With Instant Debit Cards (April 2024)

4 Online Accounts with Instant Debit Cards

Online banks continue to flourish because of their convenience, flexibility, and... read more »

Eric Bank 11/13/2023
12 Best Flight Miles Credit Cards (June 2024)

12 Best Flight Miles Credit Cards

With travel volume nearly at pre-pandemic levels, there’s never been a better time... read more »

Eric Bank 11/7/2023