Credit Cards
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Credit Cards
Travel Rewards: Financially Beneficial and Good for Your Health
Last winter, 33 million Americans wanted to travel during the holiday period. However, they didn’t have enough money to cover the costs. While 16% of consumers planned on using a credit card to pay for their vacations, almost half of them didn’t know that airlines offered rewards programs. For example, the Southwest VISA card gives travelers a $75 credit that…
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Credit Cards
Insurance Offered Through Credit Cards
With credit cards, it can often seem like benefits and rewards are ploys to get you to enroll in debt and steep interest. Credit cards make money through interest paid on your debts. So, yes, their goal is to put you in debt. Still, there are benefits in credit cards that make their usage a good choice. If you make…
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Loans
Rate Cuts and Your Student Loan Strategy
Between 2006 and 2012, the interest on student loans went down by more than one half. When the 2006/07 school year started, rates were nearly at 7%. By the beginning of 2011/12, the interest on tuition loans was below 3.5%. During the same six-year period, the Federal Reserve dramatically decreased overall rates from 5.25% to 0.25%. Just as importantly, several…
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Credit Cards
The Best Credit Cards for Air Miles
If you’re a frequent flyer, you could be reaping the benefits of credit card rewards that offer airline miles. This eventually equates to free flights. You could technically continue to travel and save tons of money on flights by using your air miles – which you collect from purchases you make day-to-day. Your spending will eventually buy you a flight…
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Credit Cards
The Best Starter Credit Cards
There's always important aspects you need to consider before choosing your first credit card. Once you have a good idea of your goals, you can then begin searching for cards and deciding which ones best match what you're looking for. Here's some of the best ones on the market that will most likely meet your needs of getting high returns…
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Banking
Amazon Synchrony: Why This Credit Card Is Worth It
During quarter three of 2019, Amazon’s earnings declined by over 25% in comparison to the same period in 2018. For the first time in over three years, the tech giant’s profits witnessed a drop. Most of this is because the company heavily invested in its new free one-day shipping services for Prime members. However, as we head into the holiday…
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Credit Cards
The Best Credit Cards for Grocery Shopping
Are you always shocked at the grocery receipt every time you go to the store? If so, you should consider getting a credit card that allows you to reap the benefits when you use it grocery shopping. Some credit cards offer high bonuses and cash back after spending it grocery shopping. This is a great way that you and your…
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Banking
Reasons to Increase Your Credit Limit
A credit limit allows you to make responsible purchases with the promise of repaying what you owe at a later date. It’s a good idea to have a lower credit limit to prevent the accumulation of debt. But, there might come a time when you’ll need to buy something that’s beyond your credit limit. This is one of many reasons…
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Credit Cards
Are Points Rewards Credit Cards Worth It?
Rewards credit cards are those who offer miles, points, or even cash back with each purchase. Many people swear by this type of card, but others let the cards use them instead of using the cards, which only increases their debt-load. If you are not able to control your spending, it may not be a great choice for you. Those…
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Auto
The Fed’s Rate Cuts and Your Interest Payments
On July 31st, the Federal Reserve lowered interest rates for the first time in over ten years. In fact, the United States’ central bank has been increasing borrowing costs for a while. On December 1st, 2015, rates were only 0.25%. This allowed consumers to take advantage of low interest credit card, mortgage, and auto loan payments. Three years later, by…
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