How to know it’s time to look for a new credit card

new credit card

According to a number of surveys, over 25 million consumers have had their favorite credit card for over 10 years. While keeping the same credit card for an extended period might be easy, chances are there are better options out there now that would suit your changing lifestyle better. Not sure whether you should look for a new credit card? Our tips below will help you decide. Your Interest Rate Is Very High. Before you switch to a new CC check with your provider if you can negotiate a better…

Credit cards: teach your child how to use them responsibly

Teach-your-child-how-to-use-credit-cards-responsibly

Teaching your children about credit cards is as important as teaching them manners, proper work ethics or explaining the effects of using drugs and alcohol – all of these will help them grow into responsible adults. It’s always a good idea to lead by example and not fall into the debt trap that takes you years to repay. Many teens are excited at the prospect of getting a credit card, albeit often for the wrong reasons. Battle their misconceptions early and they will learn how to use credit cards properly,…

How to qualify for a credit card

credit-card

Getting a credit card is not as simple as filling out a form and getting approved. You need to meet a set of criteria set out by the credit card provider to be eligible to fet one. Knowing what steps you need to take to get an approval will save you the hassle in case you do not qualify and if you do, it will help you get through the application process faster and more efficiently. Make sure you are old enough to get a card. The legal age to…

Bite sized credit cards for the Big Apple

credit-cards

For many of us, credit cards are an integral part of our annual budgeting – whether you use your card to help stretch your monthly bills or, save it for your annual vacation, it’s hard to imagine life without them. Despite this, you may be surprised to learn that the first ever credit card could only be used in restaurants in New York city. Credit isn’t hard to swallow Frank McNamara of the Hamilton Credit Corporation introduced the Diners’ Club Card in 1950 after arriving at the Major’s Cabin Grill…