Category: Articles

Can a 17 Year Old Get a Credit Card?

The best way to determine whether you can get a credit card as a teenager is to visit your local bank. They will be able to tell you if you qualify for a prepaid card or unsecured card. You can also check if the credit card company you apply with offers such a card for…

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How Does Credit Card Interest Work?

You may be wondering how to calculate your credit card interest. To begin, you should know that interest is calculated daily. Credit card companies multiply the balance on your account by the daily interest rate. This daily rate is equal to the annual interest rate divided by 365 days. Each day, you will be charged…

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How Many Credit Cards Are Too Many?

How Many Credit Cards Are Too Many? Too many credit cards will damage your credit score. There are several factors to consider when determining how many credit cards are too many. Consider your debt-to-income ratio, credit utilization rate, and ability to manage the cards. This article will give you some tips to keep your debt…

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Is Costco Credit Card Same As Membership Card?

You may be wondering, is Costco credit card the same as membership card? You can use your Costco card to pay at participating retailers and save money. You can also use a debit card or cash if you don’t have a credit card. To learn more, read on. Costco has a Visa card and does…

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Is it Okay to Use a Credit Card Before Closing Date of Your Statement?

Using your credit card before the closing date of your statement can hurt your credit score. If you want to raise your credit score, you need to pay off your balances as soon as possible. Here are some tips to help you pay off your balances. You can also use a credit card after you…

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What Credit Card Should I Get?

There are many types of credit cards, from international banks to local credit unions. If you prefer more personalized service, consider looking for a card from your local bank. It’s important to understand the differences between credit cards from different companies so you can choose the right one. Each credit card has its own issuer…

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What is APR on a Credit Card?

APR stands for annual percentage rate, and most credit cards have one. This figure is calculated by taking the APR for a transaction and dividing it by 365 days. To get a daily rate, you would divide the daily average balance by the number of days in the billing cycle. Interest on the daily balance…

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What Is Credit Card APR?

If you are confused by the many types of APRs that you’ll encounter when using a credit card, read this article. This guide will walk you through the Calculated APR, Penalty APR, Annual Percentage Rate, and Cash advance APR of credit cards. Understanding these terms is crucial to maximizing your credit card’s benefits. Here are…

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Which Credit Card is Best For You?

If you’re not sure which credit card is best for you, consider using a balance transfer card. A no-annual-fee card can help you save money in the long run. Low-rate credit cards offer the most rewards, but can be more expensive. And if you don’t pay your bills in full each month, a low-rate card…

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Can a 17 Year Old Have a Credit Card?

Before a teen can be an authorized user on a credit card, they must share a joint account with a parent. Luckily, Citizens Bank can provide the necessary paperwork and allow a 17-year-old to open a standalone account. These teen accounts enable parents to deposit their child’s paychecks directly into the account, and a linked…

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