Credit cards are important players in the financial life of Americans, about 70% of whom have at least one credit card, and most of them use their plastic for everyday expenses -- as opposed to mainly for big-ticket items that they will pay off over time. Not everyone has a credit card, though -- using the figures above and a recent U.S. population of adults of around 250 million, that leaves around 75 million without one. Here's some good information for you if you're among the cardless and are wondering how to go about applying for your own. Image source: Getty Images. Credit cards: Pros and cons It makes sense to spend a few minutes thinking about whether you really do want or need a credit card, as there are some significant advantages and disadvantages to them. Here's a quick summary of the benefits of credit cards: They keep you from having to carry a lot of cash around. They can be handy in a financial emergency, if you don't sufficient cash on hand. Their … [Read more...] about How Do I Apply for a Credit Card?
Which is the best travel credit card
Erin El Issa, NerdWallet Published 10:00 am, Thursday, February 8, 2018 This article was first published on NerdWallet.com. When Americans pull out their wallets, they’re more likely to choose a debit card (44%) over a credit card (34%) to pay for everyday purchases, according to a NerdWallet survey. But should you? Credit cards have several benefits that debit cards lack: They can help you build credit and earn cash back or travel rewards, while also providing more security than debit cards if your card is lost or stolen. Still, not everyone should pick a credit card. Here are three cases to be made for paying with a credit card — and one reason why it may not be the best option. Business Channel Now Playing: Now Playing FOX Business Beat: Wall Street lows; Space x rocket Fox5DC World's first passenger drone makes debut in China Euronews Technology That Sucks Storyful Lululemon CEO Exits Due to Poor Conduct Fortune Snap Stock Soars … [Read more...] about 3 Reasons to Choose a Credit Card Over Debit — and When Not To
Kimberly Palmer, NerdWallet Published 4:42 pm, Thursday, January 11, 2018 This article was first published on NerdWallet.com. The credit card rewards that Doug and Debbie Todd earned while building their home helped finance a cruise in the Bahamas and a trip to Cabo San Lucas, Mexico. Photo courtesy of Debbie Todd. When Debbie and Doug Todd decided to build their dream home in southwest Washington state, they hired contractors to do the bulk of the work. Soon after, they got an unwelcome surprise when the contractors abandoned the project unexpectedly. So the couple decided to build the home themselves. “It took three years. I worked all day [at the office] and swung hammers at night,” recalls Debbie, a certified public accountant. She learned how to use air guns, drills and wire cutters along the way. Business Channel Now Playing: Now Playing Timelapse shows $142M Frost Office Tower construction mysa 10 retailers that have filed for … [Read more...] about How Credit Card Rewards Made Their Dreams Come True
When’s the right time to book your next vacation? At the peak of travel-planning season, that’s a common question. This is the time of year when everything from holiday trips to spring-break cruises are being pulled together. But the best answer — besides a noncommittal “it depends” — usually is “as soon as possible.” Both of those responses can be frustrating. You need to know if there’s a best time to pull the trigger. As it turns out, there is, but it depends on what you’re booking, where you’re traveling and when you’re planning to go. “There is no magic answer,” says Michael Sheridan, an assistant professor at Temple University’s School of Sport, Tourism and Hospitality Management. “There are a number of factors that impact the fluctuation of rates.” Travelers who book at the right time — wisely — can save hundreds of dollars on a ticket or room, while people who push … [Read more...] about When is the best time to book your vacation?
Searching for the best credit card with the best rewards may seem like a tough task given the number of options available on the market today. Cash back on purchases, accumulating travel miles and cards that can benefit college students are among the most common offers that people look for. FOX Business breaks down the top cards in seven popular categories, according to a recent WalletHub survey. 1. Travel Rewards Barclaycard Arrival Plus World Elite Mastercard, via WalletHub Users can earn twice the miles on all purchases when using the Barclaycard Arrival Plus World Elite Mastercard. After spending $3,000 on purchases in the first 90 days, the user will receive 40,000 bonus miles – enough to redeem for a $400 travel statement credit toward an eligible travel purchase. A user will get 5% miles back to use toward their next redemption, each time they redeem. Miles won’t expire so long as the account is open, active and in good standing. Consumers must have a … [Read more...] about Best credit card offers for 2018
You've seen the ads: For every dollar you spend on a credit card, you're that much closer to your dream car. Do credit cards from car manufacturers get you the best deal on a new car? Some manufacturer-branded credit cards provide great benefits, but others are trounced by more traditional card programs. While it may be cool to flash that BMW or Mercedes credit card at lunch with your coworkers, you may be better off with a card from Most automotive credit cards aren't really from a car company Most automotive-branded credit cards aren't actually offered, managed, or supported by the automaker. These cards – called affinity cards – are typically backed by large banks. The Lexus Pursuits Visa, for example, is a product of Comenity Capital Bank. … [Read more...] about Should I get a credit card from a car company?
Working at Fox News must be like living in Anthony Weiner’s shorts. Every time you think they’ve got their male members under control, another one pops back up. Now it’s Eric Bolling, longtime Fox News host/co-host of news shows such as “The Five” and “The Fox News Specialists,” who has been accused of texting unsolicited pics of his moving man parts to horrified female colleagues, according to HuffPost. What was he trying to do — seduce them or sicken them? Whatever he thought he was doing, he clearly believed was that he wasn’t making public the identity of his private parts. Oops. He/they/it got ID’d quicker than “CSI” can ID fingerprints on a glass. No, it’s not because his accusers recognized the junk-out-of-his trunks but because the news putz’s (and I mean that literally) phone number was visible on the texts. Never send a dirty middle-aged man to do a pervy young … [Read more...] about STASI: Fox News’ Eric Bolling is the latest fool to sext women unwanted pics of his tool
Going on a summer vacation is supposed to be a stress reducer. But the average American family is likely to spend $2,936 on vacation this summer — including taking on roughly $600 in extra debt, according to a MagnifyMoney survey.Plenty of us will pull out the credit cards and the excuses to tell ourselves that we're worth it. But there are some savvy ways to avoid a budget buster this vacation season. 1) Can you reconsider when you travel — and see if you can cash in on those rewards points? I talked with a friend the other weekend who told me she simply won't book a trip in northern Michigan around the Fourth of July because her favorite hotel's rate during the holiday would destroy her family's budget. Instead, she picks another weekend.Such flexibility can be necessary if you'd like to tap into rewards points when booking a hotel room or airline flight.Some points to consider with those rewards programs: Can you use a combination of points — and … [Read more...] about Tompor: Packing up credit card tips for stress-less vacation
When Jason Steele took his family to Florida earlier this year, he earned rewards points for almost all of his purchases. The father of three didn’t buy rental insurance for the minivan they used because his credit card included it.Steele, a travel and credit card expert based in Denver, used those rewards points to offset the cost of his trip.Strategic credit card use like his could benefit a big slice of travelers. A 2017 survey of more than 1,300 U.S. drivers by the GM BuyPower Card from Capital One found that three in four Americans plan to take a road trip this year and that almost half of them plan to charge all their purchases. That’s a lot of potential cash back, rewards points and other benefits.Check to see if you have these credit card perks in your wallet before revving up your engine this summer. Just remember not to exceed your budget and to avoid interest by paying off your balance in full each month. Travel rewards: Some cards, such as the Chase … [Read more...] about Credit card perks to pack for your summer road trip
Are you getting all you can from your credit card company? Maybe not. The new protections for credit card holders changed much about the way card issuers do business. Also, the requirement that consumers must choose overdraft protection before it kicks in has many financial institutions scrambling to replace lost income. In addition, the recession had a lasting impact on the kinds of consumers credit card issuers want as customers. The result, said Ben Woolsey, director of marketing and consumer research at CreditCards.com, is a shift toward the best consumers. "Credit card companies are trying to get high spenders with high credit scores, and they're using rewards programs to entice those people. Rewards are kind of a glue in terms of keeping the customer engaged and using the card, which makes it profitable for the bank." If you have a good credit score, pay your charges off each month and you're looking for a new card, you have a lot of power in your hands. Here's how to … [Read more...] about As credit card companies try to replace lost revenue, shopping around can yield great rewards