Finance Globe Blog

U.S. financial and economic topics from several finance writers.

Things to do if Your Credit Card Application is Denied

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When you apply for a credit card it’s your hope that you receive an instant approval. Unfortunately, this may not be the end result. It’s always possible that you could receive a denial, thus forcing you to take a few key steps in the near future. Here are five things to do if your credit card application is denied: •    Read your adverse action letter: the credit card issuer is required to send you an...
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What to Look for in a Hotel Credit Card

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Most major hotel chains offer a co-branded credit card that allow you to earn points that you can use toward hotel stays. Frequent travelers can benefit from having a hotel credit card. Depending on the card you choose, you may be able to earn rewards on all your credit card purchases, not just your hotel purchases. Take a look at multiple hotel credit cards and compare them to decide which hotel credit card would best suit you. The...
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Frank
There is an incredible American Express Marriott/SPG credit card deal going on. I would highly recommend looking into this card if... Read More
Wednesday, 26 September 2018 14:24
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Tips and Tricks to Help Save for Your Children’s Future

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Saving for you children’s future is on every parent’s mind. Given it can be a long way away, many parents can defer their children’s savings to a later time. This is a huge mistake and can lead to an under-funded savings. Below are a few tips and tricks to help save for your children’s future.  Start as early as you can : Even its $25 a month, start saving when the baby is born. It...
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Frank
I just started a 529 plan for my future child!
Wednesday, 26 September 2018 14:26
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How Much Does it Cost to Have a Baby?

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When a family is expecting a new baby, there is certainly a lot of emotions. Lots of excitement, joy, and likely some stress. One thing to consider and to prepare yourself for is the expected expense of having a baby. High level it is not cheap! There certainly is a lot of variation depending on where you live, the type of birth you have, and what kind of insurance you have. However below is a...
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How to be a Sports Fan on a Budget

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With college football season about to kick off this weekend and the NFL season kicking off next weekend, many people are very excited! Football fans are very loyal to their teams and many want to enjoy the football season as much as possible. However, sports can be very expensive and you can easily blow past your budget without thinking. Below, I have put together a few tips and tricks on how to be a loyal...
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It May be Time to Move on to a New Credit Card

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In a perfect world, you’d obtain a credit card and use it for the rest of your life. However, as the years go by, you may come to find that the credit card you once loved is no longer what it used to be. There are times when it makes sense to move on to a new credit card. Here are a few situations that often call for a change: •    Variable rate is climbing....
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Frank
I have used other cards over time as new cards come to market and they are better deals. However, I never cancel my cards so I can... Read More
Wednesday, 26 September 2018 14:22
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How to Use a Store Credit Card the Right Way

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Much of the advice you read about store credit cards is that you should avoid them at all costs. The high interest rates and low credit limits aren’t the most attractive features for a credit card . Plus, if you’re not disciplined, you could be tempted to rack up more debt than you can afford to. Store credit cards aren’t all bad. The savings and rewards can be lucrative, especially for stores you already shop...
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Frank
I am usually against store credit cards because the returns don't outweigh the benefits. Only in unique situations where you spend... Read More
Wednesday, 26 September 2018 14:21
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Want a Personal Loan? Do These Things to Up Your Chance of Approval

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Are you interested in applying for a personal loan, but a bit unsure of your chance of obtaining an approval? While you can only do so much to improve your chance of securing funds, there are some key steps you can take to tilt the scales in your favor. Consider the following: •    Check and boost your credit score. As an unsecured loan, lenders take a strong look at your credit score before making a...
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Frank
I have never received a personal loan, but my wife has. If possible, I would try for other loans if possible, because you will get... Read More
Wednesday, 26 September 2018 14:16
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Debit Cards vs. Credit Cards

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This might be common knowledge to many, but there are people who have asked me what the differences are in debit cards and credit cards. Also if you want to teach your kids, below can be a reference guide to discuss the differences between a debit card and a credit card. Debit cards look and feel similar to credit cards . They are issued by major banks, such as Bank of America and Wells Fargo,...
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Recent Comments
Wanderer
As an addition to the difference between Debit Cards and Credit Cards is the liabilities in case of loss, identity theft and so on... Read More
Friday, 03 August 2018 05:09
Frank
Great point Wanderer! That is another reason why I solely use credit cards.
Thursday, 30 August 2018 09:14
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How to Avoid a Credit Card Late Fee

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Do you often worry about paying your credit card after the due date? Are you concerned about the impact it will have on your finances, including a late fee and red mark on your credit report? Since these are legitimate concerns, it’s time to strongly consider the many strategies you can employ to avoid late payments. Here are three to consider: 1. Conduct Regular Account Reviews As the month wears on, you should regularly review...
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Frank
If you do incur a late fee, call the credit card company. They almost always waive.
Wednesday, 29 August 2018 17:14
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