Financial Cents: Posts About Credit Cards

Will Closing a Credit Card Affect Your Credit Score?

It might seem odd, but closing a credit card can actually hurt your score, especially if it's one of your oldest cards and/or carries a high credit limit.

Posted on: April 10, 2019


Financial Basics: How to Use Credit Responsibly

To help celebrate National Financial Literacy Month, we're getting back to basics: If you want to use credit responsibly, you should start by focusing on the right kinds of debt.

Posted on: April 09, 2019


So You’ve Maxed out Your Credit Cards … Now What?

First things first: don't panic! Next, consider using the debt snowball or the debt avalanche methods to dig yourself out of debt.

Posted on: April 02, 2019


How Are Cash Advances Different from Regular Credit Card Transactions?

Cash advances let you use your credit card to take out paper money—which can be handy—but the extra costs for doing so are going to add up fast.

Posted on: March 26, 2019


What Kind of Cash Advance Are You Looking For?

There are better ways to cover a financial shortfall than by taking a cash advance, but some cash advances are even riskier than that.

Posted on: February 15, 2019


Who Uses Cash Anymore? Why You Should Avoid Costly Cash Advances

Taking out a cash advance on your credit card or from a local storefront might seem like a good short-term money fix, but the costs are going to add up fast.

Posted on: February 12, 2019


Should You Use an Installment Loan to Pay Off Your Credit Cards?

Consolidating all of your credit card debt into a single installment loan will likely save you money, but it'll probably mean larger monthly payments.

Posted on: February 11, 2019


A Brief History of Credit Cards

Diners Club cards weren't the first type of credit card, but they were the first to find success on a large scale—even though their inventor wrote them off as a "fad."

Posted on: January 14, 2019


Want to Pay Off Your Debt? Try Building a Better Budget!

If you try and pay down your debt without a strict budget, you'll have a really hard time coming up with the extra money—even if you're working a second job.

Posted on: January 11, 2019


The Broke Person’s Guide to Credit Cards

Stop using your credit card to rack up high-interest consumer debt and start using it to boost your credit score instead!

Posted on: January 07, 2019