Finance Globe

One of the primary benefits of a reward credit card is knowing you will one day be able to redeem them for something of your choosing. But this leads to a very important question: when is the best time to redeem credit card points? While there is no hard and fast rule, here are three strategies you can follow: 1. Hold onto your points until they are ready to expire. This is particularly helpful if you...

Regardless of your reasons for canceling a credit card, you must take the right steps at the right time. Neglecting to do so could complicate your situation, leading to financial stress in the near future. Above all else, you need to pay off any remaining balance. Once you do this, you can then move forward at your own pace. From there, here are several other steps to take: •    Notify your credit card company by phone.•   ...

There are times when using a credit card makes a lot of sense. For example, some people do this as a means of collecting points that can later be redeemed for travel rewards. Conversely, there are times when saying “no” to a credit card would be in your best interest. For some individuals, this just isn’t a good idea. Period. Here are five times when it makes sense to say no to a credit card, thus...

With the increase of data breaches and credit card skimming, we’re all at risk of becoming victims of credit card fraud. Thieves can steal your credit card number and make purchases on your account, even if your credit card never leaves your possession. Knowing what to do if your credit card information is compromised is important to minimizing the damage to your credit standing. The best way to catch credit card fraud is to monitor your...

If you qualify for a zero percent APR balance transfer, you have a chance to pay off your credit card balance with absolutely no interest. But even with a no interest promotion, your balance transfer can come with some costs. Minimizing these costs is key to making sure the balance transfer benefits you. Balance transfer fee. Most credit cards tack on a balance transfer fee automatically when you move your balance from another credit card. The typical...

Are you faced with a large amount of credit card debt? Are you worried that you will never be able to pay it off? While most people continue to pay on their debt, one month at a time, you don’t have to get stuck in this rut. It may be in your best interest to negotiate with the credit card company. Here are a few negotiation tactics to consider: 1. Lump sum settlement. Do you have...

Kids learning to ride a bike are most likely to make mistakes. Why? Because the feeling of being on a bike with no training wheels is unfamiliar to them. Similarly, young adults just starting out with credit are also more prone to making mistakes – because credit cards aren’t like any other financial product they’ve used. Here are a few mistakes almost every credit card newbie makes. You might have even made some of these when you...

As a startup founder, you have a lot on your plate. While there is plenty to think about, financial matters should never be swept under the rug. At first, you may be reluctant to apply for a credit card. Soon enough, once you learn more, you could find that this is the right decision for you and your growing business. Here are three of the best reasons for a startup to secure a credit card in...

The new year is here and you are in the process of reviewing your budget for 2016. If you don’t have a credit card you are comfortable with, now is the time to make a change. Some people want to get rid of their old credit card in exchange for a new one. Others are seeking their first credit card. Regardless of your position, it is important to take the right approach during your search. One...

The biggest shopping season of the year leads a lot of people into debt because they overspend with their credit cards. It’s not a bad thing to use your credit card during the holidays. The key to avoiding debt and future financial troubles is to use it responsibly. Follow these eight tips to maximize your credit card use without running up big balances. Use only one credit card. The more credit cards you use, the harder...