Sometimes getting a credit card can feel like a real catch 22 — you need credit history to get a credit card to build up your credit history. Usually it’s relatively easy to get a student credit card like the Discover it Student Cash Back as a beginner, but it’s not guaranteed. Sometimes you will… Continue reading This Is What To Do If You Are Denied A Beginner Credit Card
Category: Credit Cards
How To Get Over Credit Card Fear
Gen Xers (ages 40-55) have the most debt among Americans. Carrying an average of around $10,000 in credit card debt, it makes sense why their Gen Z children are wary of credit cards. While Gen Z is still young, only 30% of Gen Z consumers have a credit card. Here is a list of common… Continue reading How To Get Over Credit Card Fear
This is how credit card billing actually works.
The glamorous parts of getting a credit card: Having a nice piece of plastic or metal with your name on it Being able to spend money Getting perks like cash back or travel rewards The not-so-glamourous part of getting a credit card: Paying your credit card bill While we all know how to do the… Continue reading This is how credit card billing actually works.
How to Choose the Right Card: Credit Card Levels Explained
There are so many different kinds of credit cards out there by so many different issuers. Not all credit cards are equal: there are different tiers of credit cards depending on the intended user. Here are the five credit card levels so that you can choose the right card for your stage in your credit… Continue reading How to Choose the Right Card: Credit Card Levels Explained
4 Things To Know Before Getting A Credit Card
Getting your first credit card is a huge step in your financial journey. It is important to build good credit habits since your first credit card can build your credit (or ruin it if you’re not careful and/or responsible). Here are four things you should know before getting a credit card so that you can… Continue reading 4 Things To Know Before Getting A Credit Card
What is a good credit score?
What score do you get when you’re first starting out with credit? You don’t start out with a 300 as soon as you turn 18. You start out with no credit history at all — your information isn’t reported at all until you’ve had any type of credit for at least 6 months. Credit scores… Continue reading What is a good credit score?
Dave Ramsey said cut up all your credit cards. Here’s why he’s wrong.
Here’s the thing: nobody teaches us about credit cards in school. For a lot of young people, credit cards are scary. It’s easy to ignore credit cards, especially if you have a debit card. There are even some financial pundits like Dave Ramsey who stoke fear about credit cards by telling you to cut them… Continue reading Dave Ramsey said cut up all your credit cards. Here’s why he’s wrong.
What is a credit score?
A credit score is a number between 300 and 850 that represents the amount of risk you are to a lender. There are three major credit reporting agencies (CRAs) that collect data on your credit usage: Equifax, TransUnion, and TransUnion. The Fair Isaac Corporation (FICO) is a major credit company that compiles your data from… Continue reading What is a credit score?
Understanding Credit.
As of 2019, 41% of Gen Z’ers (18-24 years old) in the US own credit cards. When used properly, credit cards can be a great tool for your finances: they can build your credit score, provide travel rewards and protections or give you cash back. In part one of this series, I will address what… Continue reading Understanding Credit.