Finance Globe Blog

How do you make purchases when you are on the road? Are you comfortable with the system that you have in place?

 Just the same as when you are at home, your options include: •    Credit card •    Debit card •    Cash While all of these options have a variety of benefits, there are several reasons why you should consider making purchases with your credit card when traveling. Here are some of the primary benefits:

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There are many things that may lead you to close a credit card account. This isn’t a decision to take lightly, as it can have a negative impact on your credit score, but it may be a move that you have to make. Here are three personal reasons to close a credit card account: •    You are done taking on debt. Many people reach a point in their life when they no longer want to...

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...

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...

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...

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...

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...

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...

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...

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...