Every year around this time, we reflect on the year that has passed and contemplate ways to make the upcoming year better than the rest. Holiday shopping may have taken its toll on more than a few bank accounts, but the New Year can mean a new start for your finances. Before 2011 is over, [...]
Credit Card FAQs
Q: Can student loan debt be handled with a credit card?
College is a time when many young adults acquire a tremendous amount of debt. From taking out government subsidized loans to utilizing private lenders to charging portions of living and schooling costs onto credit cards, the majority of students will have to borrow money in one form or another to fund their post-secondary educational expenses. [...]
Q: How is Credit Card Interest Calculated?
Millions of Americans are in high levels of credit card debts simply because they do not understand credit card interest. If you are one of the many consumers who have no idea how the interest on their cards is calculated, you might have made a couple mistakes when it comes to your credit card usage. [...]
Q: What is skimming?
The crime of “skimming” as it pertains to a credit card refers to the illegal copying of information off the magnetic strip that extends along the back side of a credit, debit, ATM or other payment card. Once the criminals have skimmed the necessary data from a card, they put it onto a fake card [...]
Q: I have a really big outstanding balance on one of my credit cards. Should I transfer it over to one of those 0% interest cards I keep seeing advertised?
The main incentive that a 0% balance transfer credit card offers is that your balance won’t accrue any interest for a specified period of time, allowing all of the payments you make during that time to be put entirely towards the elimination of your debt. This promotional introductory period can last anywhere between six months [...]
Q: I am about to take a trip abroad and I was thinking of using my debit card while I’m away. Is this a good idea?
When travelling outside of the country one of the biggest concerns is how to pay for things. While it is a good idea to have a little cash on you, many travelers opt to put whatever expenses they can onto a credit or debit card. This is because there can be hefty fees applied when [...]
Q: How can I improve my credit score?
The good news is that if you have a bad credit score there are a lot of things that you can to fix it. Even if your score is fair but you are interested in bumping it up to the next category there are proactive steps you can take to make that happen. The first [...]
Q: I recently got my first credit card and I am wondering how am I protected and who I should turn to in the event I have a problem with the issuer.
The first thing to do should you ever find yourself in a dispute with your credit card issuer is to attempt to settle the problem by calling up your credit card company and speaking to one of their customer service representatives. Sometimes more than one call is required to completely resolve a situation. If you [...]
Q: If I settle a credit card debt, how will it impact my credit score?
To put the settlement process in motion, the majority of banks require that an account be delinquent, meaning that several monthly payments have been missed. If you have a credit card account that has been reported to any of the three big credit scoring agencies as delinquent, your credit score will suffer as a result. [...]
Q: I feel like I am sinking into debt due to the holidays! Can you offer any words of advice about how to save some money at the end of the year?
Yes! First of all, everyone reading this should get a sense of how much debt is “too much.” The basic rule of thumb to decide whether or not you are overspending on your credit cards is if you have accumulated debt that will take you longer than a month to repay. According to Consumer Reports, [...]
Capital One®
Credit
History
Excellent / Good
History
Excellent / Good
1.25 miles per dollar on every purchase, every day.
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HSBC Bank Nevada
Credit
History
Fair Credit
History
Fair Credit
An excellent credit card for help rebuilding credit reports to 3 major credit bureaus monthly!
Acceptance at millions of locations worldwide, including website purchases and reservations.
University National Bank
Credit
History
Bad / No
History
Bad / No
No credit check.
And no need for a bank account.
