Finance Globe

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

5 Risks of Using Credit Cards

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  Credit cards are a type of financial product that lets you borrow money against a credit limit. You’re responsible for repaying all the transactions you make, either by paying all at once or by making minimum monthly payments toward your outstanding balance. While credit cards offer several benefits, like the ability to finance large purchases or earn rewards on your transactions, they also come with a certain amount of risks that you should be aware...
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Wanderer
This post hits it right on. Will add that of late, financial providers are looking closely at how many new accounts you open in a ... Read More
Saturday, 29 December 2018 06:38
Frank
While I agree these are all risks, there are also so many benefits of using credit cards if you use them in the right way. As long... Read More
Tuesday, 29 January 2019 16:09
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What Good Credit Card Customer Service Looks Like

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When choosing a credit card, it’s important to do so with customer service in mind. You don’t expect to have many questions or concerns, but you never know what you’ll face in the future. Good customer service takes on many different forms, including the following: •    More than one way to get in touch. From the phone to live chat to email, the best credit card companies give you more than one way to touch base...
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Frank
If I can get someone on the phone under 2 minutes, I consider that a great start! I hate dealing with the automatic services.... Read More
Thursday, 27 December 2018 09:50
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Look for These Things in Your First Credit Card

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Are you interested in applying for your first credit card? Are you concerned about sifting through the hundreds of offers on your way to finding the right one? Searching for your first credit card can be enjoyable, stressful, and downright scary at times. On the plus side, there are numerous offers to choose from, thus allowing you to find one that is perfect for you and your financial goals. Conversely, a large number of offers can...
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Frank
For my first credit card, I wanted no annual fee, cash back rewards, and a great online paying system so I can make sure I pay off... Read More
Thursday, 27 December 2018 09:46
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Perks of Using a Digital Wallet for Purchases

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One of the features that comes with today’s smartphones is the ability to use your phone for payments rather than swiping your credit cards. The latest smartphones come equipped with a technology known as Near Field Communication, or NFC, which can transmit certain information when the phone is near an NFC-equipped reader. In the case of payments, your phone can securely send your payment information when it’s placed near a credit card terminal. Some smartwatches even...
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Wanderer
To add Samsung Smart Phones have a good following on their Smart Phone Pay System. And, another option that is just being reintrod... Read More
Saturday, 01 December 2018 05:07
Frank
Great information here! I may start using this in 2019.
Thursday, 27 December 2018 09:45
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Reasons to Find a New Travel Rewards Credit Card

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When you apply for a travel rewards credit card, you hope to use it to your advantage for many years to come. While there’s a good chance of this happening, you never know what will change in the future. There are several times when it makes sense to find a new travel rewards credit card, including the following situations: •    Terms and conditions have changed. You don’t see it coming, but your issuer decides to alter...
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Wanderer
In consideration of travel cards ... look at the sign up bonuses which can be huge and how much the card allows for travel expense... Read More
Sunday, 25 November 2018 04:59
Frank
I have to say I usually get a new travel credit card every 2-3 years. The sign up bonuses are just too great to pass up!
Sunday, 25 November 2018 16:36
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The Easiest Way to Choose a Rewards Credit Card

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With hundreds of rewards credit cards to choose from, it can be both easy and difficult to make a final decision. On the surface, it appears that a variety of offers will allow you to find a credit card that suits your every want and need. While this is true, you’ll have to sift through all of them to find exactly what you’re looking for. The easiest way to choose the right rewards credit card is...
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Wanderer
As a follow on this Blog, there are many options in the credit card market place to earn at least 2% or better. The travel cards w... Read More
Sunday, 25 November 2018 04:53
Frank
To Wanderer's point, if you don't do your thorough research, any general card that earns 2% of better is likely a decent card. I c... Read More
Sunday, 25 November 2018 16:35
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Are Premium Rewards Worth the Expensive Annual Fee?

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The perks on premium rewards credit cards look great, but the high annual fee causes many people to run the other way. The annual fee on a premium rewards credit card can be as high as $550 and unlike many other types of credit cards, the annual fee isn’t waived in the first year. That means you have to start paying for the credit card right away. In some cases, what looks like a steep credit...
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Wanderer
Great write up! It is often hard to compare various cards as today, banks and credit unions keep changing what the benefits are! I... Read More
Sunday, 04 November 2018 11:34
Frank
From my experience they have 100% worth it and paid for themselves many times over.
Wednesday, 21 November 2018 14:08
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3 Questions to Ask Your Credit Card Company Today

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When was the last time you reached out to your credit card company to ask a specific question? Were you happy with the answer, or left wanting more? There’s no reason to regularly contact your credit card company, but there are definitely times when it makes sense to do so. Here are three questions you should ask today: •    Is there any way to secure a lower interest rate? This is of particular importance if you...
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Frank
I would also ask if there are any new cards/bonuses going on that I may be eligible for?
Wednesday, 21 November 2018 14:05
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3 Key Things Entrepreneurs Should Look for in a Credit Card

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As an entrepreneur, keeping your finances straight can make or break your business. Using a credit card can help you organize your expenses, keeping everything in one place so it’s easier to see what you’re spending. Having a separate credit card for your business helps you keep your business and personal expenses separate. This is key when it comes to accounting and filing your taxes. Keeping your expenses separate is also important for legally protecting your...
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Frank
ability to add employer cards is critical! As you grow your business and employee base, this is a big need!
Wednesday, 21 November 2018 14:04
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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 adverse...
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Frank
I would also add to call the credit card company. Sometimes they have give you additional insight on your denial.
Monday, 29 October 2018 11:17
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