Before you apply for a credit card, you may have heard of a soft pull or a preapproval. These two terms describe different processes for getting credit card pre approval. Both processes allow you to gauge your chances of approval, but a soft pull is not a guarantee. You must complete a formal application to …
Soft Pull Credit Card Pre Approval [List of Issuers] Read More »
If you want to raise your credit score, you will need to know the various factors that affect your score. Missing a few payments is a bad thing, as is sending an account to collections. Filing bankruptcy will also hurt your credit. The credit usage that is considered to raise your score includes the number …
Your credit score reflects your ability to pay off debts. It is based on information from several different sources, including your credit card and retail account history, installment loans, finance company accounts, mortgages, and public records, such as bankruptcy, foreclosures, liens, judgments, and wage attachments. Your payment history helps your credit score when you make …
Improving Your Credit Score – How Payment History Affects Your Credit Score Read More »
The payment history that you have made on time will account for about 35% of your total credit score. However, this is only one factor. Learn more about the impact of bankruptcy on your credit score. Impact of bankruptcy on credit score The impact of bankruptcy on credit score is quite variable, depending …
Your credit utilization rate represents the percentage of your available credit that you are currently using. To calculate this number, divide your total credit limit by the amount you owe on each account. For example, if you owe $10,000 on a credit card, but only have $2,500 available on it, your credit utilization rate would …
What’s a Variable Credit Card Interest Rate? You’ve likely heard of it, but how do you calculate it? There are many factors that can affect the interest rate on a card, and the issuers will usually outline the calculation process in the card’s terms and conditions. Keep reading to learn how the interest rate on …
How to Calculate Variable Credit Card Interest Rates Read More »
A lot of people use credit cards to pay for gas, but how do you choose the best gas reward card? In this article, we look at some options: MBNA Smart Cash Platinum Plus, Discover it Cash Back, and American Express Blue Cross Preferred. Choosing the right card depends on how much gas you use …
Parents load money onto their children’s Greenlight debit card. Then, parents can transfer the money instantly into the account of their children. The card is designed to be used only at child-friendly stores. Parents can also receive cash back in some stores by making purchases using the card. This app also helps parents monitor …
If you’re considering getting a credit card to earn points, consider the Hilton Honors Card. There are many advantages to this card, including no annual fee and low annual spending requirements. You also have the opportunity to earn Hilton Honors status when you spend more than $10,000 per year with the card. Hilton Honors …
The Hilton card is a great option for frequent travelers. You can earn Hilton points toward free nights at Hilton hotels and get other travel rewards. This credit card is available from all major banks and many online travel agencies. Features of Hilton Honors credit cards include: Hilton Honors Points: Cardholders earn Hilton Honors …