Finance Globe Blog

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

Are Co-Branded Credit Cards Worth It?

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Some of your favorite brands and retailers offer co-branded credit cards. These are credit cards that are partnered with a major retailer in addition to the bank who issues the credit card. Co-branded credit cards are similar to closed-loop store credit cards in that you can earn more rewards for shopping with that brand of store. But, co-branded credit cards are partnered with a major credit card processing network - American Express, Discover, MasterCard, or...
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Frank
I sue target/visa credit card a lot because I spend a lot of money there. Otherwise I don't like co-branded credit cards.
Friday, 29 June 2018 11:20
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5 Reasons Your Credit Card Was Declined

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Having your credit card declined is both embarrassing and inconvenience. It’s not always necessarily your fault - sometimes there’s a problem on the credit card issuer’s end. Even the merchant may have technical issues that can cause your credit card to be declined. Before you panic, here are some reasons that explain why your credit card could be declined. You don’t have enough available credit . Some credit card issuers will allow you to exceed...
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Frank
I always recommend to call the credit card and they should be able to give you a reason on why you were denied.
Friday, 29 June 2018 11:18
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Rising Gas Prices: A Credit Card Can Reduce the Pain at the Pump

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In the past several weeks, you’ve probably noticed your gas prices creeping higher and higher each time you visit the gas pump. You’re especially feeling the pinch if you have an SUV or a vehicle that requires premium gas. Crude oil prices are at the highest level in more than three years, which means increasing gas prices may not slow down any time soon. Choosing the right credit card can help you alleviate some of...
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Frank
Gas credit cards should have at a minimum of 5% cash back/rebate. I have even seen some for 10% back.
Friday, 29 June 2018 11:15
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Don’t Make Any of These Credit Card Mistakes

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Carrying a credit card is a big responsibility, as there are a variety of potential mistakes lurking around every corner. Knowledge of these mistakes can go a long way in helping you avoid trouble, thus getting more out of your credit card and the many features it offers. Here are six credit card mistakes to avoid at all costs: •    Spending more than you can comfortably afford to pay back when your next bill comes...
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Frank
I would add if you aren't paying off your credit card in full every month, then you are not using your credit card correctly.... Read More
Friday, 29 June 2018 11:13
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Ways to Help Other People Learn About Personal Finance

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This site is very informative and helpful for people who want to learn more about personal finances. I have learned a great deal from this website as I am sure others have as well. If you want to get involved in your community to help others with their personal finances, below are several ways for you to do that. Please feel free to post any additional that I may have missed. Junior Achievement : Junior...
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The Major Difference Between Debit and Credit Cards

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Two of the most common types of electronic payment methods are credit and debit cards. The two cards look so similar, it’s easy to confuse them. And to make things even more confusing, many debit cards have a Visa or MasterCard logo can be used “as a credit card” at the time you’re purchasing. Knowing the difference between the two is important, especially if you have one of each. Where the Money Comes From? A...
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Frank
I always recommend using credit cards to get the rewards, but always make sure to pay off the credit card every month so you don't... Read More
Saturday, 19 May 2018 14:36
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3 Reasons a Low Credit Card Rate is Better

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The interest rate is one of the most important features of your credit card. It directly impacts the cost of your credit card whenever you carry a credit card balance. When you’re shopping for a credit card, it’s best to choose one with a lower interest rate . And once you have a credit card, you want to avoid things that will trigger an interest rate increase, like late payments for example. Here are a...
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Is it Time to Review (and Tweak) Your Estate Plan?

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When it comes to your finances it’s easy to focus on the here and now. Just the same, you may have a plan for saving for the future (such as for retirement). However, it’s much more difficult to create an estate plan with the idea of passing your assets onto someone else upon your death. While it may not be the most exciting thing you do from a financial planning perspective, here’s something you need...
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Frank
I will say I don't have an estate plan. What age do you think you need one by and how much AUM should you have?
Saturday, 19 May 2018 14:35
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Don’t Use a Credit Card for Investing. Here’s Why.

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If you have a credit card with available credit and you’ve just spotted a great investment, you might be tempted to use your credit card to get into the investment. However, that could be a huge mistake - one that could leave you with credit card debt and no value in your investment. Here’s why you shouldn’t use your credit card for investment. The Cost of Investing With a Credit Card Using a cash advance...
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Frank
I would never advice to make investments with a credit card. WAY to risky.
Saturday, 19 May 2018 14:35
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Online Credit Card Account Access: What Can You Do?

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Do you carry a credit card? If so, there’s a very good chance you have access to online account management. There aren’t too many credit card companies in today’s world that don’t provide cardholders with this feature. It’s important to understand the many benefits of online credit card account access, as to ensure that you take full advantage. Here are five things you can do with this: •    Learn more about the details of your...
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Frank
I didn't know people were paying off their card card any other way besides the online account.
Saturday, 19 May 2018 14:32
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