If you’re building your credit with a brand-new secured credit card, you don’t necessarily have to be limited to cards with small credit lines. A number of secured cards grant limits as high as $2,500 to $5,000 or more – as long as you have enough cash on hand to put down an equivalent deposit. […]
Checking your credit score on a regular basis is a key part of maintaining your financial health. Free credit report services, such as My LendingTree, make tracking your credit score month-to-month easier than ever. Not only does My LendingTree make tracking your credit score easy, but you’ll also receive insightful tips on how you can […]
If you’ve missed or been late on a credit card payment, you may be worried just how much your credit score will plummet. The effect a late payment has on credit scores varies based on several factors, such as how many days it’s past due, whether you’ve had multiple late payments in the recent past […]
Applying for a new credit card can be a little intimidating, especially if it’s your first credit card. And if you’re lucky enough to be approved, you’ll receive a lengthy cardmember agreement with your new card that is probably not on the top of your reading list. Once approved for a new card, you may […]
If you are one of the millions of Americans struggling with credit card debt, it can be an anxious time. It can leave you feeling overwhelmed with no idea on where to begin to pay it down. Credit card debt has topped the $1 trillion mark in America, according to the Federal Reserve, while the […]
When you got your first a credit card, it came with a lower limit. Now that you’ve had the card for at least a year and used it responsibly, you feel like it’s time to get a higher credit limit. Only 40% of credit card users have asked for a higher credit limit on one […]
Credit cards can be used to earn rewards, take advantage of special financing offers and simplify expenses — and they’re also a great way to build credit. Taking the time to build credit with your credit card can help you down the line when you want to take out a loan or apply for a […]
A secured card is a credit card that requires a security deposit, typically a few hundred dollars. The security deposit acts as collateral and becomes your line of credit. Therefore, if you want a $500 credit limit, you will have to deposit $500 into your account. Secured cards are a great way for you to […]
In today’s market, there are numerous credit card options that all offer different rewards, benefits and terms. This creates overchoice and unease for consumers who want to find the best credit card for their needs. Choosing the “perfect” credit card that fits your needs is often hard, and there may not be one card that […]
The spending limit on your credit card is the amount of money you can charge to it at any given time. Some credit card companies offer higher limits than others, depending on how they assess your credit situation. The more they trust you, the more money they will offer on your card. You just have […]
