One of the things you have to be wary of when using credit cards is falling into the rewards trap. As credit card offers start reappearing in mailboxes, it can be tempting to get a shiny new rewards credit card. After all, credit card rewards can provide you with a number of perks, from free airline tickets to discounted merchandise to cash back.>>> [Read More]
Tag Archive: Credit card
Is Now Really the Time to Build Up Savings Instead of Paying Down Debt?
Recently, there has been some thoughts that maybe now is the time to slow down on debt repayment and focus on building up your emergency savings. While it is true that an emergency fund is a good idea, is now really the time to be saving up more instead of paying down high interest credit card debt?>>> [Read More]
Why Closing a Credit Card Account Can Affect Your Credit Score
When people pay off debt, many of them rush to close credit card accounts. Indeed, the process can be quite therapeutic. You pay off a credit card, and, to celebrate your freedom from the chains of the debt (and being on the wrong side of compound interest), you cut up the card and cancel the account.>>> [Read More]
Does Your Credit Card Cover Rental Car Damage?
It’s been a few years since I’ve actually used a rental car. But the last time I did use a rental car, I paid the extra $15 a day the company was charging for insurance to cover the car if it was damaged. I’ve never damaged a rental car, but I figure that the one time I don’t get insurance, something unexpected will happen. So I’ve always paid for insurance on a rental car. Until now. Next time I rent a car, I am going to save money on my trip by declining the rental company’s insurance.>>> [Read More]
