The Ultimate Guide to Credit Cards
Wednesday, November 20, 2019

All articles tagged Credit Card Usage (63)

12 Heaviest Credit Cards in 2019

12 Heaviest Credit Cards in 2019

If you are of a certain age, the word "heavy" may rekindle fond memories of your college days when, sitting in a smoke-filled room, you would respond to a friend’s unexpected minor confession with a heartfelt “heavy, man.” In the here and now, heavy means weight, which brings us to the topic of the heaviest credit cards. These cards are fabricated from metal rather than plastic, giving them an air of permanence and solidity. Just holding one in your hand can make you feel,... read more »

10 Best Credit Cards to Use at Costco

10 Best Credit Cards to Use at Costco

In the interest of full disclosure, I am one of the more than 94 million people who are Costco members. I love shopping for huge packages of paper towels and seedless grapes, and the prices are great. Our experts took a look at the best credit cards to use at Costco and identified 10 strong candidates. And while you may think you can use any credit card you want to pay for Costco purchases, that's not correct, because Costco only accepts cards on the Visa payment network. Read on... read more »

Is it Bad to Cancel a Credit Card?

Is it Bad to Cancel a Credit Card?

You may eventually want to purge one, some, or even all of your credit card accounts. Whether it's out of need or desire, you have every right to back out of the deal. There are potential drawbacks to canceling a credit card, however, so it’s important to learn what they are before ending the relationship. The downsides may inspire you to keep an account active. Of course, there are times when it makes sense to kiss your card goodbye, too. Here’s what you need to know to make... read more »

21 Best Credit Cards for Shopping

21 Best Credit Cards for Shopping

Most people have experienced heading out to the supermarket, a department store, or the mall, to pick up one or two items and leave instead with four bags full of stuff. Sometimes a sale is just too good to pass up. That’s why consumers often look for the best credit cards for shopping. And while 90% of retail shopping in the U.S. still takes place in brick-and-mortar stores, experts forcast that online shopping will account for 20% of all sales by the year 2025. That means having... read more »

5 Wise Ways Couples Can Use Credit Cards When Planning a Wedding

5 Wise Ways Couples Can Use Credit Cards When Planning a Wedding

When you find the person you want to spend the rest of your life with and you’re ready for that long-term commitment, the next step is usually marriage. Celebrating this big moment is always better with your close friends and family, but planning a wedding that can accommodate everyone can quickly become overwhelming and stressful thanks to the pricey fees imposed by venues and service providers. From food and drinks to decorations and music, and, of course, the dress, wedding... read more »

Purchases You Shouldn’t Make with a Credit Card

Purchases You Shouldn’t Make with a Credit Card

Credit cards are a smart way to pay for your purchases. They are convenient, safe, and many can pack a large amount of buying power. When you are using your credit card to pay for pretty much anything, you can enjoy some great fraud protections that can help to keep your money safe from crooks and scam artists. Believe it or not, credit cards may help you save money -- if you use them wisely -- since many of them offer attractive perks. With some credit cards, the use of the account... read more »

15 Best Credit Cards for Small Purchases in 2019

15 Best Credit Cards for Small Purchases in 2019

While chasing signup bonuses and big rewards are tried-and-true strategies for scoring headline-worthy redemptions, most of us rely on the small, everyday purchases to accrue our piles of points and miles. Thankfully, with one of the best credit cards for small purchases in your wallet, that accrual doesn't have to be slow. Maximizing rewards on your small purchases — as with any type of purchase — will often mean choosing a card that offers bonus rewards for your common... read more »

How Credit Cards Can Impact Your FICO® Scores

How Credit Cards Can Impact Your FICO® Scores

It goes without saying (or writing) that your credit scores are a big deal. They are especially so when you want to apply for a new loan, credit card, or some other service that uses credit scores as part of its underwriting process. And while there are two primarily utilized scoring platforms, FICO and VantageScore, FICO is still the most commonly used credit score by most lenders. What you may not understand is exactly how FICO and other scoring models get to that three-digit... read more »

Adopt These 7 Credit Card Habits to Stay Out of Debt

Adopt These 7 Credit Card Habits to Stay Out of Debt

The average credit card debt per U.S. household hovers over $8,000. Although this number is shocking, it doesn’t mean you should cut up your cards and banish them from your life altogether. In fact, when used wisely, credit cards can actually improve your financial health. From increasing your credit score to offsetting everyday costs and travel expenses, and providing additional protection for big-ticket purchases, credit cards can be valuable tools toward managing your money... read more »

2 Ways to Reduce Your Credit Card Interest Rate

2 Ways to Reduce Your Credit Card Interest Rate

If no one has told you -- and you've yet to discover it for yourself -- credit card debt can be expensive. And, the longer you carry that debt, the more expensive it can get. For example, on a card with a typical 17% annual percentage rate (or APR), a $500 purchase could cost you almost $100 extra in interest fees — and could take nearly two years to pay off — if you only make the minimum payment. That means the great suit that was on sale for $500 could actually cost you $600... read more »