Best Credit Cards FAQS

If you want to have a U.S. credit card for use in another country, you need to pay attention to couple more things besides choosing the best rate, fees and other features. To choose what is best for you under the circumstances, first of all you need to make sure your card will be accepted widely enough in the country where you plan to reside. MasterCard and Visa are the most widely accepted ones, with American Express coming next after them in popularity and acceptance. You also need to make sure you can access your credit card customer service easily, check if there's a branch in the city of your future residence or there's an international toll-free phone number. And of course you...

Credit limit, also known as a credit line, is the maximum amount of credit extended to you by your credit card company. Basically it is how much you can charge to your card. Usually the higher your credit score is, the higher the credit limit is that is set for your account. Your credit limit influences your credit history progress, as about 30% of data used for credit score calculation is based on your credit line – its size and how much of it you use. This ratio between available credit and borrowed amount is called credit utilization, and if your balance is close to credit limit, it is viewed as risky by lenders. Usually higher credit limits are available for people with good or...