CREDIT CARD FAQS

Do you have a million questions jumbled up in your mind regarding credit cards and the credit card application process? Don't worry, you are not alone! Our site has been designed to be simple to use and navigate in order to eliminate any potential hassles and frustrations surrounding the credit card application process. Our experts have already taken it upon themselves to thoroughly analyze and evaluate all of the popular credit card available on the market today and have laid them out in an easy-to-understand format, touting the best features of each.
November 26, 2019
You will earn cash back by making purchases at select merchants. These merchants can be found in the Venmo Card section of Venmo app. Earned cash back will be applied to your Venmo account. If you are looking for cash back, we recommend you to apply for cash back credit cards. For example, the Discover it® Cash Back comes with 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, unlimited 1% cash back on all other purchases - automatically.
October 01, 2019

First of all, you need to find out the reason of these rejections. Issuers typically send a rejection letter with explanations, so just read it attentively. Then, check your credit reports to make sure that there are no mistakes. In case there are some, you can dispute them with the bureaus. You also should have all your credit accounts in good standing, no active bankruptcy, no overdue payments and no excess of the limit. After paying off the late payments (if you have those) pay on time at least for two months on all accounts. Only after that you can try to apply for a card again.

August 22, 2019
If you want to consolidate your balances, the best option will be a balance transfer credit card. You can transfer all your balances onto one credit card and pay the debt off. When choosing a credit card pay attention to the credit rating required. You indicated you have a good credit history, so many cards will suit you. Remember that you cannot transfer to the same bank or issuer. So look for a bank you don't already have a balance with. And make sure the overall balance you are going to transfer does not exceed the limit of the new credit card.
September 10, 2018
A credit card with 0% intro APR, rewards program and 0% annual fee would be a good option for you. For example, the Discover it® Cash Back credit card has all those benefits. First of all, you will have 0% intro APR for 14 months. When this promo rate is over, an ongoing interest rate will apply. Second, all your purchases will earn cash back. Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum each time you activate. All other purchases will earn unlimited 1% cash back - automatically.
November 03, 2017
To choose the best business credit card you should think about your goals - what do you want to get from your credit card? There are plenty of options you may choose from. Business credit cards may help you earn rewards - cash back or travel rewards, may give you high credit limit and allows to save money with 0% APR. If you, for example, are a frequent traveler, consider airline co-branded business credit cards with additional benefits like priority boarding or free checked bag. Don't forget to take into account your credit score when choosing a small business credit card.
March 29, 2019

Using Discover cards in U.S. you are unlikely to face difficulties. Discover has the third highest acceptance rate among card networks (9.3 million merchants in U.S. in 2014) after Visa and Mastercard (9.5 million merchants in U.S. in 2014).

In case you are going to travel abroad with your Discover card, you can use it at more than 30 million foreign merchants across 190 countries and territories. Discover provides a map of countries where its cards are accepted.

June 09, 2018

When you carry a balance on a credit card, your minimum monthly payment will depend on the amount you owe, interest rate and fees. As a rule, you have to pay 1%-2% of your card balance plus new interest and late payment fees (if applicable). If you have any past due amounts, they will be added to the minimum payment as well. So, the more you owe on your credit card, the higher your minimum payment will be. However, you can avoid interest if you pay off the card balance in full each month.

October 03, 2019
For sure, you may choose from different cash back credit cards. You may find there offers with up to 5% cash back, no annual fee, sign-up bonuses and other perks. Pay attention to credit cards with increased cash back bonus categories. For example, if you spend a lot on gas purchases, credit cards with special cash back on gas category may be your choice.
June 09, 2018

A new credit card will most likely lower your credit score, not considerably though. First of all, when you open a new credit card, you lower your average credit age, which makes 15% of your credit score. Second, a hard inquiry will be placed on your credit report. Inquiries make 10% of your credit score and may cost you a few points. And the last thing that will change is your credit utilization ratio. If you are not planning to put a big purchase on your new credit card, then your credit utilization ratio should go down, which is good for your credit score.

August 12, 2018
JetPrivilege credit card is available in India only. There is no credit card offered in the U.S. If you need a credit card to use for Jet flights, consider applying for a general travel rewards credit card. Many of such cards do not have an annual fee or the fee is waived for the first year. All in all, travel rewards cards come with sign-up bonuses and with a rewards program. They allow earning miles or points on travel and everyday purchases. Moreover, if you do not fly often, you can still easily earn miles for a reward airline ticket by simply shopping at your favorite places.
March 14, 2017
In terms of credit cards banks and credit card companies decide instantly on whether you are approved or not based on your credit information. An instant approval credit card is a credit card with an instant response. You will know whether you are approved or not in a couple of minutes or faster. However, despite the name – instant approval credit cards – the credit card issuer can still decline your application when you do not meet certain criteria. Or you won't get instant approval if a credit card issuer needs some additional information or your application requires manual check.
July 17, 2018
If your dentist accepts credit cards as a method of payment, there should not be any obstacles. Since you are considering paying for your treatment with a credit card, we would recommend you consider getting a credit card with 0% intro APR and rewards program. Thus, you will be able to save on interest and to earn rewards on card purchases. For example, you may like the Discover it® Cash Back credit card that comes with more than one year of no interest and allows to earn cash back rewards.
February 02, 2018
Today, there are a number of different credit card options for you to pick out from. However, you need to know about all your options and factor in different attributes before you can decide about which particular option you would want to opt for. Remember that when it comes to credit cards, it is important to look at the different options that you do have so that you can keep a track of your finances. An option that many people seem to be going in for these days is that of the Mastercard credit cards.
October 04, 2018

Starting credit history from the very beginning is always better than improving it and credit card issuers are not too captious.
Look into credit cards for those with limited/no credit history: these cards are created for newbies. The cards have quite high APRs and fees. However it is possible to find a card with 0 intro APRs or without annual fee. Also some cards offer bonus programs: you can earn points or cash back on purchases you make.
If your son wants a bonus credit card, Chase Freedom® Student credit card is not the best option as it has no bonus.

October 01, 2019

If you need to get cash, we wouldn’t recommend you consider credit cards, since they charge additional fees for cash advance. You’d better pay attention to personal loans. They generally offer lower interest rates than credit card's APRs.

February 19, 2018
ReadyCARDs are issued by Metabank and are prepaid cards. It means that you can use anywhere them debit cards are accepted, including ATMs. ReadyCARDs work similar to debit cards, except that they don't carry a credit line, you will not be charged interest, or late fees. You pay as you go by pre-paying the amount you wish to spend, plus additional usage fees. On the other hand, a credit card gives you a credit line meaning that you may purchase now and pay off later up to the amount of your credit limit. You also have to pay the minimum payment each month until the due date or you may be charges the late fee. If you carry a balance, you may face paying the interest on your balance.
July 03, 2018
First of all, make sure your credit score is high enough to qualify. As a rule, airline co-branded credit cards are for people with good or excellent credit. Those whose credit is close to good credit, may also qualify for such card. Then, if your primary goal is credit building only, or even if you want to earn some points, Interjet Platinum credit card may not be as good. The card's rewards program is not one of the rewarding, and if you are planning to carry a balance, your points may be eaten by interest.
October 03, 2019
No, you won't need a co-signer to apply for a student credit card or Amex Everyday. In fact, there are not many issuers that would allow co-signers. That is actually great as cosigning is a complicated thing. Having your own credit card from the beginning is a great way to learn finances, responsibility, and to start building credit. You may qualify for a student credit card as long as you are at least 18 years old, have SSN, U.S. citizen/resident, and have verifiable income. To qualify for the Amex Every Day card, you should have at least good credit history.
August 19, 2019
First of all, you should choose a credit card that fits your lifestyle. For example, if you are always fly on Delta airlines, American Express Delta credit cards may be a good choice for you. If your favorite hotels are Hilton and Starwood, than these co-branded credit cards are also may be your choice. If you want to have a travel credit card not tied to a particular brand, Amex also offers Gold and Platinum credit cards. But keep in mind that they have high annual fees as they provide different benefits. All in all, American Express travel credit cards are not the only option for you.
October 13, 2017
Yes, Mid America Bank & Trust Company credit cards have Visa logo on them and you can use them anywhere Visa cards are accepted. These cards come with all the benefits of a Visa cards including worldwide acceptance.

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