Finance Globe

Imagine this: you receive your credit card statement expecting more of the same, but are surprised when you come across a fee. There are many types of credit card fees, including but not limited to: annual fee, late fee, and foreign transaction fee. While these are all legitimate fees that you agreed to upon signing up for the credit card, it doesn’t necessarily mean you have to pay them. Before you do anything, contact customer service...

Most credit cards come with a credit limit, which is the highest outstanding balance you’re allowed to have on your credit card. Your credit limit is based on a few factors: your credit score, your income, and the credit card itself. Spending all the way up to your credit limit is known as maxing out your credit card. Even though your credit card issuer allows you to spend all the way up to your credit limit,...

Buying life insurance is never easy, as you may find yourself pulled in two different directions. On one hand, you want to put a lot of time into the process because you understand how important it is to purchase the right policy. On the other hand, who really want to think about what will happen when they pass away? Below are five of the most common mistakes people make when buying life insurance: 1. Neglect to...

When you’re first starting out with credit, it’s natural to have a limited amount of information on your credit report. In the credit industry, that’s called a “thin” credit file. Unfortunately, having a thin credit file can make it difficult to get approved for many credit cards and loans. In some cases, you may not have a credit score if you have a thin credit file. You need at least one account on your credit report...

Your credit card interest rate affects how much you pay for carrying a balance on your credit card. The higher your interest rate, the more you'll pay in finance charges and the longer it will take you to pay off your full credit card balance. When you have a variable credit card rate, there's always the risk that your interest rate will go up. That's because variable rates are indirectly tied to the Federal interest rate. Whenever...

Trying to pay off multiple credit cards can be complicated. You have to break up your extra money between all your balances, which means you’re not making as much progress as you would if you could just pay one debt. Consolidating your credit card debt makes it much easier to pay since you can make a single payment. The hard part can be figuring out the best way to consolidate. Here are a few options to...

When you apply for a credit card, you do so after comparing a variety of offers in order to find the right one. Over time, the terms and conditions of your credit card could change. If this happens, you shouldn’t hesitate to contact your issuer to discuss your options. Furthermore, if you come across something that no longer works for you, it’s worth asking for assistance. Here are three things you should ask your credit card...

Spending too much on your credit card can lead to major problems. Big credit card balances put you at risk of going into debt. They can also hurt your credit score, since 30% of your credit score is based on how much of your credit you’re using. Here are some tips for tracking your credit card spending so you’re on top of what you’re charging each month. Use a spreadsheet. If your credit card lets you...

Financial scams are extremely common now. They put a lot of people at risk and in many cases you can lose a lot of money. With the advancement in technology, scammers are getting smarter and that makes it much more difficult to identify the scam before it is too late. As we enter into 2019, below are a few scams to keep an eye out on. Crypto Rip-Offs: Cryptocurrencies are so common now due to the...

You should never be shy about negotiating with your credit card company. Here’s why: you have a lot to gain and nothing to lose. The worst that can happen is that you get turned down and have to find an alternative solution. There are many things you can negotiate with your credit card company, including the following: •    Balance: This doesn’t come into play often, but it may if you’re in a tight financial spot. If...