What Is an Excellent Credit Score?

For those obsessed with their credit score, I’ll attempt to answer the age old question, “What is an excellent credit score?” For the record, we’re talking about FICO scores, which are far and away the most common and widely used by creditors. The FICO score ranges from 300-850, with higher scores representing a lower risk … Continue reading “What Is an Excellent Credit Score?”

Does a Credit Check Lower Your Credit Score?

Credit Q&A:”Does a Credit Check Lower Your Credit Score?” I get this question all the time, and like all things in the credit score realm, it depends.  Sigh… There are a number of different reasons to run a credit check, and thus the confusion, but we’ll get to the bottom of it. I promise. Checking … Continue reading “Does a Credit Check Lower Your Credit Score?”

What Credit Score Do You Need to Get a Credit Card?

A frequently asked question in the consumer credit realm tends to be, “what credit score do you need to get a credit card?” Unfortunately, the answer to this question isn’t one simple three-digit number, but rather a variable answer dependent on a number of factors. Though a numerical credit score is used in the decisioning … Continue reading “What Credit Score Do You Need to Get a Credit Card?”

Is ID Required for a Credit Card Purchase?

Credit card Q&A: “Is ID required for a credit card purchase?” Credit card rules are often gray, what with the fact that multiple companies are operating in the same space. Then you’ve got the merchants’ own rules, which sometimes don’t coincide with the terms of Visa, MasterCard, or American Express, whether they are contractually acceptable … Continue reading “Is ID Required for a Credit Card Purchase?”

Paying Your Taxes with a Credit Card

Tax season is upon us once more, and time is running out to get those completed returns to the IRS. For those of us who actually have to make a payment, as opposed to simply receiving a refund, that April 15th deadline couldn’t seem any closer. And with all the recent economic turmoil, I’m sure … Continue reading “Paying Your Taxes with a Credit Card”

Credit Card Comparison by Company

I’ve already talked about the general pros and cons of credit cards, but now let’s look at some of the positive and negative attributes of individual card issuers and their related credit cards. American Express When I think about American Express, I think convenience.  They truly have the best customer service out there, which can … Continue reading “Credit Card Comparison by Company”

The Visa Black Card Review

The new “Visa Black Card” was finally released. It is coined as “not just another piece of plastic,” both literally and figuratively, because it’s made out of carbon graphite, not the soft cheap plastic we’ve all become accustom to. Following in the footsteps of the infamous and rather elusive Black American Express card, the Visa … Continue reading “The Visa Black Card Review”

Are Credit Card Minimums Legal?

Credit card Q&A: “Are credit card minimums legal?” The other day I was walking in New York City, and because it was so blisteringly cold, I decided to grab a cup of overpriced, hot coffee. I didn’t have any cash on me at the time, just a few credit cards I typically use to make … Continue reading “Are Credit Card Minimums Legal?”

A Peak Inside the Chinese Credit Card Industry

You may think it’s cruel when your credit card issuer charges you a late fee or an over-the-limit penalty, but imagine if your name was printed in the paper for all to see if you failed to pay your bills on time. And if that’s not enough for you, picture being hauled to jail for … Continue reading “A Peak Inside the Chinese Credit Card Industry”

How to Stop Receiving Credit Card Offers

Credit card Q&A: “How to stop credit card offers.” Are you sick of receiving pesky credit card mailers seemingly every single day? I was, which is why after several grueling years I finally took action (yes, I procrastinated a couple years). After all, aside from being a general nuisance and bad for the environment, these … Continue reading “How to Stop Receiving Credit Card Offers”