Credit inquiry can drop your credit scores temporarily. However, too many inquiries can seriously affect your VantageScore and FICO, with the latter being used by 90% of lenders. As a result, lenders, mostly credit card issuers, can deny you future...
Credit card interest rates can be as high as 29 percent. The interest is often compounding daily on average credit card balance, making the debt grossly expensive to service. The debt can get even costlier depending on the type of...
Large credit limits let cardholders plan their finances better. They can lower their credit utilization, increase their credit scores, access interest-free short-term loans, and build an emergency fund. Personal finance experts quickly tell their clients to stay away from credit...
Credit card sign-up bonus or SUB is the most effective tool credit card issuers have in their toolbox to acquire quality customers, defined as people with FICO scores between 690 and above. FICO is a scoring model by the Fair...