Finance Globe

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

Is a Statement Credit the Best Way to Use Credit Card Rewards?

Is a Statement Credit the Best Way to Use Credit Card Rewards?
Your rewards redemption options will probably include a statement credit. You might consider choosing a statement credit over other options to help reduce your debt without making extra payments. How Do Statement Credits Work The statement credit is applied to your credit card account the same way a payment would be. For example, if you redeem a $25 statement credit, your credit card balance would decrease by $25. You can redeem for a bigger statement credit...
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Frank
I usually take the cash back as a statement credit. Helps me lower my credit card bill once a year!
Friday, 30 June 2017 15:05
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How to Choose the Best 0% Balance Transfer Credit Card

How to Choose the Best 0% Balance Transfer Credit Card
As you search for a 0% balance transfer credit card, you’ll soon find that you have many options to choose from. All the major credit card companies have several offers to consider, with each one providing consumers with a unique set of features and benefits. With all this in mind, you may struggle to compare and select the best offer. Fortunately, there are a few basic details you can focus on to ensure that you make...
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Frank
Note you can't do this if its the same credit card company, i.e. visa to visa.
Friday, 30 June 2017 14:55
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Bank of America Continues to Invest in Digital Banking

Bank of America Continues to Invest in Digital Banking
Over the past couple of years, a growing number of financial institutions have devoted additional resources to digital banking. However, Bank of America has “been in the game” from the start. Furthermore, the company expects more of the same in the year to come. In a recent press release, Michelle Moore, head of Digital Banking at Bank of America, noted the following: “As one of the first banks to offer mobile banking a decade ago, we’re...
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Frank
What kind of additional services could we expect with this investment?
Monday, 22 May 2017 11:00
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How Will Loan Shopping Affect Your Credit?

How Will Loan Shopping Affect Your Credit?
One of the best moves to make when you’re preparing for a home or car purchase is to shop around for the best interest rates. A lower interest rate results in a lower monthly payment and lower overall cost of borrowing. You’ll want to move quickly when you’re shopping for a loan. Otherwise, the multiple inquiries could impact your credit score. When you rate shop, your credit report may show multiple inquiries from each of the...
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Frank
You can also do a soft search that won't hurt your credit score. That is what I did when I was shopping for rates.
Monday, 22 May 2017 10:57
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How to Pick Between Two Great Credit Cards

How to Pick Between Two Great Credit Cards
There are dozens of great credit cards out there, especially in the rewards and no interest categories. It’s fairly easy to whittle your options down to two similar and great credit cards, but picking one over the other can feel like you’re leaving something on the table. Here are a few ways to pick between two credit cards. Which one pays rewards in the categories that you typically spend? You may be trying to decide between...
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Frank
My generally view is if they are both great cards, you won't hurt yourself over the long term if you get both credit cards.
Monday, 22 May 2017 10:53
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Reasons to Purchase Groceries with Your Credit Card

Reasons to Purchase Groceries with Your Credit Card
When it’s time to head to the grocery store, what method do you use to make your purchase? Some people only use cash. Others pull out their debit card. And then there are those who rely on their credit card. While there is no right or wrong approach, there are several benefits associated with using your credit card. Consider the following: •    Reward points. If you have a rewards credit card, you can earn points for...
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Frank
I use a credit card with 3% cash back on groceries.
Monday, 22 May 2017 10:47
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Do You Understand the True Cost of Pet Ownership?

Do You Understand the True Cost of Pet Ownership?
Owning a pet, such as a dog or cat, can be one of the biggest joys of your life. However, before you make a purchase, it’s important to consider the financial impact. Many people look at the initial cost of purchasing a pet, not realizing that this is just the start. Rather than focusing solely on this detail, it’s important to create a comprehensive list of regular expenses. Here are some of the annual expenses associated...
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Frank
We have 2 pets (1 dog and 1 cat). I had no idea how much pets were going to cost! The biggest expense: unexpected vet visits (incl... Read More
Monday, 22 May 2017 10:48
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What are You Getting for Your Annual Fee?

What are You Getting for Your Annual Fee?
There are credit cards that require an annual fee. There are also credit cards that have no annual fee attached to them. As you search for and compare offers, you must decide if you’re willing to pay this fee once per year. The answer typically comes down to one detail: what are you getting in exchange? If all other details are identical, it goes without saying that it doesn’t make sense to pay an annual fee....
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Frank
I have 2 credit cards with annual fees. One I get a free companion ticket ($250+) and another that offers 5% cash back on restaura... Read More
Monday, 22 May 2017 10:46
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Ways to Combat a Rising Car Insurance Premium

Ways to Combat a Rising Car Insurance Premium
Does it seem that your car insurance premium increases all too often? Are you ready to put an end to this once and for all? While there is no denying the fact that you must carry coverage, this doesn’t mean that you have to overpay for a policy. There are several steps you can take to combat a rising premium, starting with the following: 1. Change Companies Simply put, some car insurance companies charge higher rates...
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Frank
I usually take an annual traffic class online. This helps keep my premium low.
Monday, 22 May 2017 10:44
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5 Items to Regularly Purchase with Your Credit Card

5 Items to Regularly Purchase with Your Credit Card
Do you have a credit card? How often do you use it? Can you earn reward points for every dollar you spend? Like some, you may carry this for emergency purposes only. Others, however, have come to realize the benefits of using their credit card for a variety of purchases. There are many items to regularly purchase with your credit card. This is particularly true if you’ll receive something in return, such as reward points. Here...
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Frank
I put all of my purchases on my credit card. I use certain credit cards for certain purchases. This helps me get rewards and keep ... Read More
Monday, 22 May 2017 10:43
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