I have a Midas credit card. Should I use this card for all my purchases, or only when I’m at Midas?
Answered on Thursday, June 1st, 2017 by
Amy Miller

This is entirely up to you; however, you may want to consider what kind of interest rate you are getting with that card, and what rewards they offer. The interest rate on that particular card tends to be quite high, and you could most likely get a much better deal with another card. A low-interest credit card protects you from potentially getting socked with high interest fees if you aren’t able to pay off your balance in full one month and have to carry a revolving balance. Also, there are cards that offer cash back, points, frequent flyer miles, and other rewards that you may find useful; you can use these cards when you’re getting your brakes fixed, filling your tank, or out to dinner. My best advice is that you should find a low-APR credit card that offers great rewards and use it everywhere that accepts credit cards.

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There are a lot of cards that will give you rewards when you shop at retail stores. Usually retail stores try to offer you a co-branded card with a discount on this brand’s purchases, some minor rewards or special financing. However, you pay for these questionable benefits with very high APR and fees. And those […]

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There are many cards that can be used for this purpose. Unfortunately, store cards like the JCPenney rewards credit card are not affiliated with any major payment network and therefore can only be used with one specific retailer. Unlike store cards, regular credit cards can be used to make purchases almost anywhere. Many regular credit […]

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