Are you thinking about switching to a new credit card? If you answer yes, then you are about to make a very important decision, one that can have a significant effect in the financial aspect of your life.

In this article, let’s talk about some points worth considering before switching credit cards or getting another credit card.

To Switch or Not to Switch?

If you want to switch to another credit card because you’re unhappy with your current one, perhaps you’ll want to weigh a few things first.
Continue reading…

If you plan to use a small business credit card to cover for your company’s expenses and to build business credit, here are the steps on how to manage your account effectively:

Don’t Mix and Match!

Be sure that you do not use your small business credit card for personal purchases, no matter how small these purchases are.  One of the benefits of using a business credit card is to be able to avoid mixing your business and personal finances. But if you’re going to charge personal buys to your business credit card, even occasionally, you could lose track of your spending which can endanger your business.
Continue reading…

While the new credit card law offers some shield against sudden interest rate changes, it does not provide complete protection for credit cardholders. To maintain a good credit standing, cardholders need to know the right strategies and stick by the rules.  Listed below are 8 credit card tips for you:

1. Pay down your charges. Remember that 30% of your FICO score is based upon your credit utilization so the lower your credit-to-debt ratio is, the higher your credit score would be.  Experts recommend not exceeding 30% of your allotted credit.

 

2. Check your credit card mail. You can only benefit from the provision of the new Credit CARD law if you pay close attention to notices sent by your issuer.  It’s important to understand that your issuer can still increase your current rate as long as you are given an advanced 45 days of notice.  And there is still no cap to the increases.
   Continue reading…

Some entrepreneurs may initially feel hesitant to acquire a credit card for business, thinking that they can always use a personal credit card for business financing. However, business credit cards offer certain features that are not found in standard credit cards. Provisions such as annual account summary report, employee credit cards, and business credit reporting are meant to simplify your life in managing a business.

If you’re worried that getting a business credit card can put you at risk of bad credit, it can actually protect your personal credit from damage.  In this article, we present effective small business credit card management tips to help business owners make the most out of this simple plastic finance tool.
Continue reading…

Laws are usually created for the protection of people and their interest. Through laws and policies we are able to know our rights and privileges. We also achieve a feeling of security knowing that a government agency looks after us and regulates the activities of the systems that surround us.

An excellent example of a law that greatly affects us is the New Credit Card Act. What is this law all about? How does this affect your life? And how can you benefit from this new policy on credit cards? The answers to these questions and some other information will be tackled in the short article below.

What is the new Credit Card Act?

The new Credit Card Accountability, Responsibility, and Disclosure (CARD) Act was formally imposed on August 20, 2009. This law provides credit card holders the right to decline the changes that will be made on their credit card agreements.
Continue reading…