Credit Card FAQs

There are lots of Visa credit cards offered to the U.S. consumers these days. You can find secured cards, Visa rewards credit cards, cards with low rates or no fees, or cards for balance transfers. To understand which Visa card application is good for you, you should: know your credit score. Your credit score is used to determine your eligibility for any credit card. Therefore, knowing your most current... Continue reading

Today applying for a card is as easy as just clicking on a button ‘apply’. On the other hand, getting approved for a credit card is not that simple. Credit card issuers review different criteria when they decide whether you qualify for a card. And in this situation, you are left with a choice – either you leave it up to fate, or take everything in your own hands and try to influence your bank’s decision. And here we are to advise you on these issues. So, what do you need to improve the... Continue reading

The card offers increased rewards for selected purchases and 1 point for all other purchases. For example, it offers 5X points on select Mercedes-Benz purchases, 3X points on gas stations, 2x points at restaurants and 1 point everywhere else. So, depending on whether you spend enough on therse types of purchases this card may or may not be beneficial for you. The 5X bonus is ok when you spend a lot on Mercedes purchases, and it may turn out great if you are planning to buy or lease a car or buy some accessories, but check first if you are able to charge a car to your credit card. The credit limit may not be enough for big purchases. Continue reading

Figuring out how you can use the points you've earned so you're not wasting them can be confusing. Points can be converted into cash, transferred to loyalty programs, used to buy airline tickets, hotel stays, gift cards or merchandise. Some redemption options can be real deals while others may not be that good. Explore what redemption options you have and a redemption ratio for each. In most cases, gift card redemptions offer the best value, but some transfers may work perfectly as well. Continue reading

Typically, you can start shopping for airline credit cards when you have good to excellent credit history. There is no sense in applying for an airline credit card earlier, as you may not be approved for a Visa Signature or World Elite Mastercard cards, which offer better travel perks and benefits. Continue reading

It depends on how often you fly, your spending habits, and whether you are loyal to one particular airline. Thus, when you do not fly a lot, having an airline branded or travel tailored credit card won't have sense. You won't simply earn those big rewards in travel category if you do not travel. Continue reading

A cash back credit card is a card that offers a cash back reward program as an incentive. Essentially, it means that a percentage of the amount spent on purchases is returned to you. This percentage may differ depending on the terms of a credit card issuer that produces your card. For example, the amount of your cash back is 3%. It implies that if you spend $100 with this credit card, you'll earn $3. Cash back credit cards often have welcome bonus offers. Such offers... Continue reading

There are a lot of services with Mastercard sign in. You can use all of them or just those that suit your lifestyle. Below you will find some of the services you can use as a Mastercard cardholder. Continue reading

A virtual card is basically just a number specifically generated for you to pay for your purchases online. This number is connected with your account and allows you to draw money in a secure way without endangering your real account. There is no difference for the online merchant between a virtual card or a physical card, but in this way a merchant doesn't have an access to an original account, hence no opportunity to steal. Continue reading

Balance transfer is a scheme that saves you from paying extra interest on your outstanding balance. It helps you to clear your debts in a much faster and efficient way, when you have your interest rates holding you from clearing your credit card balances. It is a process that takes place between two banks or credit card agencies and you. Your previous account with a bank or a credit card company will be transferred to a new credit card company or a bank... Continue reading

Transferring your balance from a card with a high APR card to one with a lower interest rate or even 0% APR, is usually a smart move and will not hurt your credit score. In fact, having another line of credit open will add to your total available credit and may improve your credit score. However, applying for new credit can have a short-term negative effect on credit, so try not to open too many new accounts within the same time frame. Continue reading

There is no magical number of credit cards that is considered right for all consumers. In fact, the number of credit cards you can have depends on your individual credit history, credit score, and the way you manage your credit accounts. Lenders also have their own view on how many credit cards is "too many." Continue reading

Closing a credit card account is not simply snipping a credit card. It is a more complicated process that takes more time and effort. You should understand why you are closing your credit card and how it will impact your credit score. Continue reading

You can apply for a secured credit card. You will need to put down a security deposit to get this card. A minimum security deposit is around $200 and it gets you the equal line of credit. Continue reading

If you have bad credit and no income, it will be difficult for you to be approved for most credit cards. But there are some cards that you can apply for. Try a credit account like Fingerhut, which offers guaranteed approval and no credit check - or get a prepaid card instead of a credit card. Continue reading

Business credit rating is a rating of a particular corporation or a small business company. The business credit score can be and should be separate from your personal credit score. When these two scores are separate, your personal and business financial risks are separate as well. Continue reading

Many issuers of business credit cards offer cards with rewards programs. So look around to find such offer. A reward program will allow you to earn rewards on different business expenses. Continue reading

When your credit is good, you have a wide range of cards to choose from with a variety of rewards. It’s up to you to decide if you want cash back, travel miles, a 0% introductory APR on balance transfers or purchases, or a no-frills card with a low APR and no late fees. Read our credit card reviews and decide which card is best for you. Continue reading

If your credit is truly excellent – in the high 700s or above – then you have many choices including cards offering VIP perks and concierge service, big sign-on bonuses, and high-value rewards. It’s simply a matter of which card you prefer, so think about what card best fits your needs. Continue reading