Credit Cards

You may have seen the term APR while applying for a new credit card. It officially stands for Annual Percentage Rate. Whether you are a first-time credit card user or a long-time card holder, the term APR is one you need to understand. The term APR is often interchangeable with annual interest rates (AIR), though […]

A balance transfer can be a useful strategy if you have multiple credit cards and you’re carrying a sizable balance on a relatively high-interest account. Balance transfers allow you to shift that debt from a higher-interest card to a card with lower rates. On paper, it appears to be a straightforward path to significant savings. […]

Credit cards are a financial tool. When used properly, they can help you successfully manage a temporary financial emergency. They can also help you build a strong credit score that is advantageous when applying for major loans, like a mortgage. However, it’s easy to run into trouble with your credit cards. They can quickly become […]

When used responsibly, credit cards can be very beneficial. However, very few people actually use credit cards properly. Too often they become the source of major financial problems. According to consumer advocacy organization Debt.org, more than 189 million Americans have at least one credit card. The average credit card holder has at least three. Many […]