Credit Cards

Over the years I have maintained a love-hate relationship with credit cards.


When I was deep in debt I loved to hate them, because I was undisciplined and charged more than I could afford to repay.


As I have regained control of my spending I find credit cards to be a convenient tool with perks such as cash back rewards.


Advanced concepts include things such as taking advantage of zero-percent balance transfer offers to essentially borrow free money (after advance fees, in some cases).


Just remember credit cards, like power tools, can do damage in untrained hands.

Credit Cards for People With No Credit

One of the worst things about not having credit is it hard to get credit.  It reminds me of when I was young with very little experience and couldn’t find a job to build experience.  Fortunately, there are a couple of credit cards for people with no credit; you just have to keep an open mind and look around. If …

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Does Closing a Credit Card Hurt Your Credit Score?

If you are in the process of paying off credit cards, congratulations, you’ve taken a great first step in reclaiming your financial future. A few years ago I found myself deep in debt, and over the course of a couple years, I worked like a mad man to get all of my credit card balances down to zero. I was …

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How Does a Balance Transfer Work?

If you are currently in a lot of debt, and are paying an outrageous interest rate on that balance, it is strongly advisable to learn more about how balance transfers work. High interest on credit card debt is like paying for something over and over – once when you charge it to your credit card, and again each time you …

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Ten Steps to Disputing a Credit Card Charge

Many people who have credit cards and use them regularly have received statements with charges they did not make. Some of those charges may be due to merchants’ errors, and the credit card company may be responsible for billing errors as well. Cardholders can be victims of fraud when someone uses their credit card information to make purchases. If you …

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How Do Credit Cards Work?

Credit cards were created out of a situation that many have previously encountered. Frank McNamara was out taking a couple colleagues out for dinner in 1949 and, when he went to pay, to his dismay found that he had no cash in his wallet. After an embarrassing display that involved calling his wife to deliver funds to him, he came …

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