Category: Credit-cards
Rachel Cruze: Evaluating the Pros and Cons of Store Credit Cards
If you’ve ever thought about whether store credit cards are a good idea, personal finance expert Rachel Cruze from Ramsey Solutions has some insights on why they might not be. You’ve likely been offered a store credit card many times. It seems like every store in the mall offers a discount at the register if…
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Suze Orman: Essential Insights on Medical Credit Cards
Some healthcare providers offer medical credit cards to help patients manage the cost of their care. While these cards can provide temporary financial relief, they can also lead to significant debt. Personal finance expert Suze Orman recently discussed a Consumer Financial Protection Bureau (CFPB) report, explaining how these cards work and advising consumers to be…
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How Minimum Credit Card Payments Can Lead to Higher Costs
In the realm of credit cards, making a minimum payment might seem like a lifesaver when you’re short on cash. However, this feature can have significant long-term financial consequences. While it helps keep your account in good standing and avoids late fees, it can also lead to higher costs over time. Let’s explore how relying…
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Mastering the Art of Paying Your Gap Credit Card Bill
If you often shop at Gap or its affiliated stores, getting a Gap credit card could be beneficial. Not only does it give you more time to pay for your purchases, but you can also earn rewards with the Gap Good Rewards card or the Gap Good Rewards Mastercard issued by Barclays. You can use…
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How Consumers Could Gain from the Discover and Capital One Merger: 3 Potential Advantages
Capital One Financial made waves in the payments industry by announcing its acquisition of Discover Financial Services for $35.3 billion last month. This merger will combine two of the largest lenders and credit card issuers in the country, potentially benefiting both companies, their stakeholders, and their customers. If the deal gets regulatory approval and Capital…
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Graham Stephan Recommends the Top 5 Credit Cards for Newcomers
Graham Stephan, a well-known financial YouTuber, recently shared his top five credit cards for beginners in 2024. Here’s a summary of his recommendations: **Discover It® Secured** This card is ideal for those who need to build credit but can’t qualify for a regular card. Unlike many secured cards with high fees, the Discover It® Secured…
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Master This Essential Strategy for Managing Your Monthly Credit Card Balance Efficiently
Sometimes, you need to rely on credit, but that doesn’t mean you have to pay high interest rates. Many people have credit card debt; in fact, by the third quarter of 2023, Americans had a total of $1.08 trillion in credit card balances, according to the Federal Reserve Bank of New York. If you carry…
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Maximize Your Benefits with U.S. Bank Rewards: A Comprehensive Guide
U.S. Bank is one of the biggest and most well-known financial institutions in the U.S., making it a popular choice for banking solutions. They offer a variety of rewards cards tailored to different interests. If you’re in the market for a new credit card, you might be curious about the rewards U.S. Bank offers. Here’s…
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Ramit Sethi: ‘The Common Pitfalls People Encounter with Credit Cards’
Using a credit card can be tempting because of the convenience, potential rewards, and the ability to pay for large purchases over time. However, if you’re not careful and strategic about how you use it, a credit card can quickly become a financial burden that drains your income. Ramit Sethi, a financial expert and author…
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Tackling America’s Soaring New Year Credit Card Debt: Strategies for Financial Freedom
As the new year begins, Americans are facing a significant increase in credit card debt, highlighting a troubling trend in personal finance. Recent reports from Bankrate, Transunion, and the Federal Reserve Bank of New York show a notable rise in the number of people carrying credit card balances month-to-month, indicating a worsening debt situation for…
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