Credit cards are one of the most divisive financial products in existence today. On one hand, you can get good (and sometimes great) rewards for using them wisely. But on the other hand, most consumers get kicked in the pants by interest and fees every month. The bottom line: If you cannot pay off your credit cards in full every month, you are not financially mature enough to have them.
Credit cards can be dangerous. In fact, they are for most people who use them. 61% of people in the US are currently in credit card debt. And if you find yourself in this boat, you might be thinking about a credit card balance transfer to help slow the bleeding. Read more…
0% interest credit cards can be an enticing financial product. After all, you can take out debt and use someone else’s money at no interest. What could go wrong? When to Use 0% Interest Credit Cards Credit cards, in general, can be a really awesome financial tool. But they can Read more…
Credit cards can be one of the most divisive topics among adults. Some people on one side of the camp swear by using them for everything because of the reward points, cash back, airline miles, etc. And on the other side of the camp we have the avid Dave Ramsey Read more…
Building credit with credit cards.Credit is one of the most frustrating financial topics to me. It’s really a conundrum. You don’t necessarily have to have credit. But it sure makes life a lot easier. Without it it is difficult to rent an apartment, pay low car insurance rates, get a Read more…
Credit card benefits. Credit cards are one of the most divisive financial tools that exist. In one extreme camp you have people who swear by them because of a lot of the reasons that I will get into later in this article. And on the other camp are people who Read more…
Credit cards and credit card fees. The sharpest financial double edged sword if there ever was one. Credit cards can be a good financial tool to help get you cash back and reward points. But if you are not VERY careful, you can have a financial tiger by the tail. Read more…
How to use credit cards responsibly. This has to be one of the most controversial topics among financially-minded adults. In one camp there are people like Dave Ramsey who despise credit cards more than an Ohio State Buckeye despises a Michigan Wolverine. And in the other camp, there are people Read more…
Credit card interest. Even thinking about it just makes me a little nauseous. The interest that you pay on credit cards is probably the highest that you will pay for any borrowed money in your life unless you go to a loan shark or a payday lender. Everyone knows that Read more…