User questions & expert advice

Yes, you can downgrade the Chase Sapphire Reserve®* to other Chase credit cards, particularly those within the same card family. Downgrading your card allows you to maintain your credit line and average age of credit,...

There's no specific time frame after a bankruptcy filing to apply for credit, but it's generally advisable to wait until the bankruptcy is discharged before applying for new credit. So, first check your credit reports after your bankruptcy is...

Yes, you need to unfreeze your credit report before applying for new credit, such as a loan, credit card, or mortgage. If your credit is frozen, lenders won't be able to access your credit report. Before applying for the...

Yes, it's common for credit scores to differ between different credit reporting agencies like Equifax, Experian, and TransUnion. This is because they use different scoring models (like FICO and VantageScore) and may have slightly different data in...

Some travel credit cards are only beneficial when booking travel, but not so with the Discover it® Miles card, which allows you to earn unlimited flat 1.5x Miles on every dollar of every purchase you make and redeem...

You don't need to have a formal business or any business income to get a business credit card. A side hustle or hobby that earns extra cash will be enough to qualify for most of the best business credit cards. Additional income...

Although business credit cards are designed primarily for business use, their application and use can often affect your personal credit. When you apply for a new business credit card, a card issuer checks your personal credit...

Business credit cards work similarly to personal credit cards. They give a line of credit to finance purchases and often come with additional rewards and benefits suited to businesses. You charge your business expenses to the...

To summarize the purpose in one word - convenience. A checking account makes your money immediately available without you having to carry or store significant sums of cash. It enables digital transactions, check or direct...

In short: no, it is not. Opening a debit card together with a checking account is not always obligatory, but it is a widespread and practical choice. Most checking accounts come with a debit card that you can use at ATMs or...