When opening a new credit card, you’ll often be asked if you want to add any authorized users to your account. Adding an authorized user can be a way to earn additional rewards or help a trusted friend or family member improve their credit, especially if they’ve been denied credit before. However, adding an authorized […]
Authorized Users and Credit Cards: Benefits and Risks Read More »
Even if you have a credit card application that’s denied, you still have some options for getting a credit card. For one, you can call the card issuer’s reconsideration line to make a case for why you should in fact receive the card. Alternatively, you could obtain a credit card with another person as your
Credit Card Application Denied: What to Do Next Read More »
Credit cards will generally require you to make some form of minimum payment on your balance at the end of your billing cycle each month. It is heavily recommended that you make these payments in a timely manner, and if at all possible to pay off the entirety of your balance each month to avoid
What are the consequences of a late payment on a credit card? Read More »
Your statement balance is the amount you owe on your credit card as of the latest billing cycle. Your current balance refers to all unpaid charges on an account, up to the date of your inquiry. The two are often different, especially if you use your credit card every day. As a cardholder, you are
Statement Balance vs. Current Balance: What’s the Difference? Read More »
Credit utilization is the second most important factor in calculating your credit score. Put simply, utilization refers to the percentage of your credit line you actually use. As you pay your bill-month-to-month, this number is likely to fluctuate. Your actual credit utilization, as seen by the credit bureaus, depends on your balance at the time
Credit Utilization: Everything You Should Know Read More »