0 Have your say Credit cards have been available for over half a century and can be incredibly useful when making more than the normal transactions, such as at holiday time and Christmas, as well as bringing major consumer rights. -> Conal Gregory: Don’t wait until the airport to splash out on your holiday cashTheir strength this time of year is the facility credit cards give in paying for goods and services in foreign currencies. If well chosen, no transaction fees arise from your provider.The first credit card launched in the UK was Barclaycard in 1966. It initially made little progress and had no rival until 1972. Today 65 per cent of adults hold a credit card. Last year 3.2bn payments were made, a four per cent rise on 2017. The industry forecasts the number of transactions will jump to 4.1bn by 2028.Plastic money – charge, credit and debit cards - has become so popular that the number of cash payments has fallen by 10 per cent a year over … [Read more...] about Conal Gregory: Which is the best credit card for you?
The best credit cards for students
David Slotnick, provided by Published 7:36 am CDT, Friday, April 12, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective. The Points Guy As American students get ready to return to college — or to move in for their first semester — they should start thinking about something in addition to course schedules and extracurriculars: their credit scores. College is an ideal time to start building a credit history, which is vital later on when it's time to open utility accounts, apply for car loans and mortgages, and even apply to rent an apartment. For those without credit history, the best way to start is to be added to a parent's account, or open a secured credit card, like the Discover it Secured. After that, the smartest move is to open … [Read more...] about The best credit card for college students who need to build a credit history
Eric Rosenberg, provided by Published 10:30 am CDT, Sunday, March 31, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Bronek Kaminski/Getty Images It can seem intimidating to build your credit score, but it's not hard to maintain once it's established. Your credit is represented by a credit score, a three-digit number that gives lenders an idea of how risky you are as a borrower that fluctuates with credit-related activity, like taking out a loan or paying off credit card debt. Strategies like automatic payments, prioritizing your debt repayment, and spending within your means can help you build and maintain your credit. Building and maintaining good credit boils down to spending less than you earn and using the rest to get debt-free, save, and invest — the same … [Read more...] about The best way to build your credit is the same strategy people use to build wealth
provided by Published 9:00 am CDT, Tuesday, March 19, 2019 MoneyTips New Survey Shows Poor Credit Habits of Millennials Americans must love credit cards. As of the end of 2018, Federal Reserve data shows that we have racked up $870 billion in outstanding credit card debt on our nearly 480 million credit cards in circulation. However, generations vary in how they handle credit card debt. Millennials tend to be the most cautious with credit – perhaps because many of them came of age during the housing crisis and subsequent recession. Data from the 2017 Experian State of Credit Report found that Millennials hold an average of 2.5 credit cards, while older generations hold from 3.0-3.5 cards on average. They also carry a lower average balance of $4,315, compared to $7,750 for Generation X, $7,550 for Baby Boomers, and $4,613 for the Silent Generation. A new survey suggests that Millennial caution is warranted. The recent TD Bank Consumer Spending Index uncovered … [Read more...] about Millennials Not Smart When It Comes To Credit Cards
Eric Rosenberg, provided by Published 7:27 am CST, Wednesday, February 6, 2019 The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. Chase Instagram The Chase Freedom is a longtime favorite cash-back credit card, with no annual fee. For me personally, this card is good enough to have held a permanent spot in my wallet for more than a decade. While it isn't my only card, I use it regularly and never miss using it for a purchase in the 5% bonus categories. Among cards with no annual fee, Chase Freedom is a longtime favorite cash-back credit card. Freedom offers up to 5% cash back on rotating bonus categories and 1% everywhere else. That 5% cash back is pretty compelling, and when used in tandem with a premium Chase Sapphire Reserve or Chase Sapphire Preferred Card, it can be a supercharger that helps you earn 5 points per dollar for … [Read more...] about I’ve carried the Chase Freedom in my wallet for over a decade — here’s why the credit card is a great value