Should You Pay Off Your Credit Card In Full?

Credit Card Q&A: “Should you pay off your credit card in full?” While this may sound like an absolute no-brainer, it’s clear that many people still don’t know the answer to this very fundamental question. First a little background on how credit cards work. When you apply and get approved for a credit card, it … Continue reading “Should You Pay Off Your Credit Card In Full?”

American Express Platinum Card Review: Is It Worth $550?

Recently, I highlighted some of the most expensive credit cards currently available in the United States. It was more of a “for fun” post, rather than an advice piece. And at the end of the article, I noted that the credit cards were more entertainment value than actual value. So let’s look at one of … Continue reading “American Express Platinum Card Review: Is It Worth $550?”

Maintaining a Credit Card Balance Doesn’t Help Your Credit Score

File this one under deadly credit scoring myths. For some reason, probably due to the clandestine nature of Fico’s credit scoring algorithm, many consumers believe carrying a balance on a credit card will benefit their credit score somehow. This can’t be further from the truth, and in reality, can be quite detrimental to one’s finances. … Continue reading “Maintaining a Credit Card Balance Doesn’t Help Your Credit Score”

Gender and Credit Card Habits: It’s Not Personal

Ever wonder how women and men manage their credit cards, and if there are any specific habits that one gender does more than the other? Well, there was a survey released about three weeks ago, which revealed that women pay higher interest rates on credit cards than men. The Financial Industry Regulatory Authority (FINRA) Foundation … Continue reading “Gender and Credit Card Habits: It’s Not Personal”