The scuttlebutt is to avoid using your credit card at all costs. Using a credit card to make purchases just racks up the balance and interest you have to pay off later. While there are many occasions when using a credit card is a bad idea (like when you are unable to pay off your balance in full by its due date), there are five situations where using credit is better than using cash or a debit card.
Posts Tagged ‘credit card’
5 Situations When You Should Use Your Credit Card
January 20, 2012Join Quizzle as a Guest on WiseBread.com’s Weekly TweetChat
December 22, 2011Quizzle is making a guest appearance on Wise Bread’s weekly TweetChat. Please join us Thursday at 12:00 pm Pacific/3:00 pm Eastern for lively conversation and a chance to win prizes! Use the hashtag #WBChat to participate. For an easy way to keep track of the conversation, try using our special Tweetchat Chatroom. Everyone can participate–make [...]
6 Common Credit Mistakes to Avoid
November 28, 2011Lenders, utility companies and even employers are considering consumer credit reports and data provided by credit bureaus more than ever before. Even world governments are having their credit ratings scrutinized.
Keeping your credit in tip-top shape is very important. Let’s take a look at a few common credit mistakes I hear people making over-and-over.
Black Friday: Why You Should Consider Paying with Your Credit Card
November 22, 2011As a Black Friday shopper, you’re someone who enjoys the act of saving – maybe even more than the act of shopping! You feel triumph at every product you buy below full price and you brag about how cheap that new pair of shoes you bought were. But you may be overlooking one other way to save some money this Black Friday: your credit card.
How the Debit Card Fee Brouhaha May Affect Your Credit Card
November 18, 2011The recent hubbub about debit card fees could have a big impact on you and your credit card. Find out how banks may replace this lost revenue and how these decisions will affect your wallet.
How to Rebuild Credit with Credit Cards: A Road Map
August 9, 2011If you have bad credit, facing it head on is essentially your only option. Unfortunately, there aren’t any quick fixes or shortcuts, even if you’d been a model consumer prior to an unforeseen event like the “Great Recession” or an illness, which wreaked havoc on your credit score. Credit building requires discipline and commitment, but it truly is worth it, given the inextricable link between your credit score and your loan profile, ability to buy or lease property, and chances of being hired for certain jobs. So how does one go about rebuilding credit?
Is Debt the Secret to Better Self-Esteem?
August 3, 2011Credit cards are at the root of most national discussions about debt and financial security. Whether you carry a balance from month to month or always pay your credit card in full, using it as a cash management tool, most Americans would like to reduce their reliance on credit cards. Find out why we keep buying on credit and what lessons we can learn to lead more productive financial lives.
Visa and MasterCard: What’s the Difference?
August 2, 2011When you’re choosing a credit card, you have the option of choosing between one of the four major card networks: Visa and MasterCard, of course, along with the arguably less prolific American Express and Discover. Since acceptance of the last two is fairly limited, MasterCard and Visa are at the head of the pack. But before you make your decision about which card is right for you, it’s important to understand the difference between what these two companies offer.
5 Tips for Using Credit Cards While Traveling
July 22, 2011Personal vacations and business trips typically require you to have at least one credit card on hand. After all, traveling with too much cash can be dangerous if it is lost or stolen. Plus, hotels and rental car agencies require credit cards to make reservations. Learning how to travel wisely with your credit cards can save you time, money and financial frustrations.
Small Business Credit Card Use: Myths to Dismiss and Strategies to Succeed
May 31, 2011Making it as a small business owner is tough enough without all the confusion caused by misleading credit card branding and the illogical application of the Credit CARD Act of 2009. However, despite being the backbone of our economy and being personally responsible for business credit card use, small business owners were largely excluded from the credit card bill of rights that characterizes the post-CARD Act credit card landscape. So, what can you, as a small business owner, do to have the best chance of business success? What should you believe and what information must be disregarded?
