Locating Customer Service Number for Your Credit Card

There are three places where you can quickly locate the customer service number of your credit card provider. I felt I should discuss this topic today because I believe it will help some people. If you don’t need the information now, it may help you in the future especially when you are in critical situation when you need to quickly get across to your card issuer. Individuals may want to contact their credit card provider for different reasons. It may be that you want to complain or report an error in your statement. You may like to report the loss Continue ReadingLocating Customer Service Number for Your Credit Card

Using Secured Credit Card to Build Your Credit

Secured Credit Card Vs Unsecured Credit Card Do you know that you can use secured credit card to build or rebuild your credit? I know that there are many credit cards out there. Customers are being bombarded with different credit card offers every day. Unfortunately, if they apply for some of these cards, their applications can be rejected.  The fact that you receive a credit card offer does not guaranty automatic approval if you apply. To make things worse, every time you apply for a new credit card, an investigation will still be conducted on your credit. Such investigation usually Continue ReadingUsing Secured Credit Card to Build Your Credit

Debit Card Vs Credit Card. Which is better?

What are the difference between debit card and credit card? Debit card has been in use for a long time. I don’t think there is anyone who holds a credit card that will not have a debit card also. So, it is obvious that debit cards and credit cards are not strange to some people. But unfortunately, if you ask these people to tell you the difference between debit card and credit card, they will not be able to pinpoint any significant difference. Another category of cardholders are these who have a fair knowledge of the two cards; that is Continue ReadingDebit Card Vs Credit Card. Which is better?

How does credit card interest work? Secret Exposed!

Whether you are holding credit card or you are about to apply for a new one, this topic how does credit card interest work is very crucial. Everything about credit cards revolves around interest. Unfortunately, we have many people carrying card balances and groaning under the weight of card debts who do not know anything about how credit card interest is calculated. This makes me remember when I was going through an induction/orientation programme in my new place of work. It was a large organization with many departments. I needed to move from one department to another where I would be Continue ReadingHow does credit card interest work? Secret Exposed!

Credit Utilization Ratio and How to Keep it Low

What is credit utilization? Credit utilization is the ratio of your credit balances to the total credits available to you. It is usually expressed in percentage. That is why people usually refer to it as credit utilization ratio or credit utilization rate. Some people may even be more specific by calling it credit card utilization ratio. Whatever the name you call it, it means the same thing. The two main elements involved that you need to consider while calculating credit utilization are your card balances and your total credit limits. You simply divide your card balances by your total credits Continue ReadingCredit Utilization Ratio and How to Keep it Low