Should You Cancel Your Credit Card? When and Why?
Unless you are trying to reduce your spending, get rid of unfavorable terms, or avoid a hefty monthly fee, you should avoid canceling your credit card. Canceling an unused or underutilized credit card can help in hurt your credit score if it is not done properly. In some cases, it can make sense personally for you to […]
How to Switch Credit Cards
You’ve decided your current credit card is no longer the right option for you. How do you go about switching credit cards? Can you transfer the balance? Switching to another card by the same issuer may be an attractive option, with plenty of benefits as well. Why would you want to switch credit cards in […]
Is It Worth It to Pay a Fee to Use Certain Credit Cards?
While most people will want a credit card with no annual fee, there are some cards — usually premium cards — that have benefits worth the annual fee. However, these fees also tend to be costly, some more than $450 each year. Are those worth the extra cost? And what about non-premium cards? What do […]
How Do You Choose The Best Credit Card?
From credit limits to different rewards, credit cards can be vastly different from each other — even from the same lender. Does the reward matter if there is a hefty fee to use the card each year? Is a high credit limit good when it comes with high interest? Is a student or secured card […]
How to Teach Your Children Fiscal Responsibility
It’s never too early to teach your children how to be financially responsible. From setting up an allowance, to teaching them how the stock market and even how retirement plans work, it’s good to get them thinking of age-appropriate questions about the future of their financial health. Whether they are in elementary school and only […]
Protecting Your Credit Card (and Wallet) While Traveling
My wife and I took our honeymoon to Italy in November 2015. My wife, hoping to avoid any issues, told her credit card lender that we would be traveling. In theory, this is a good practice, as it won’t trigger a fraud alert. On the other hand, I did not tell my bank, a different […]