By Jared Hecht If you’re a business owner, there are dozens of reasons to have a credit card. For one thing, they are a great way to keep track of all your business expenses in one place. They also offer opportunities to earn points or rewards on purchases you would make anyway. Not to mention, they…
8 Tactics to Break Credit Card Debt Cycles
Upon paying off between $12,000 and $15,000 in credit card debt in 2019, Yamiesha Bell, a special education teacher in New York, didn’t break up with her credit cards. With goals to buy a car and a house, Bell hoped to preserve her credit history by keeping her cards open and active. “I needed to…
Forget the Fed, Pay Off Your Credit Card Debt
The cost of everything keeps creeping up. And if you happen to have credit card debt, that’s about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month. With inflation at its highest rate since the early 1980s , the Federal Reserve is adjusting interest rates to…
4 Things You Should Consider Before Getting a Business Credit Card
Opening a business credit card account is a great way to maintain and facilitate spending across multiple departments. Typically these cards offer larger signing bonuses and rewards than individual cards. These cards can often help businesses avoid cash flow problems and other financing issues. On the contrary, if not handled properly these cards can be…
Shocking Credit Card Facts 90 Percent of Americans Don’t Know
During a much-needed break from work, I struck up a conversation with a colleague. It started out as your typical workplace conversation, but I could sense that something was weighing on her mind. So, I asked her what was going on. It turns out that while she was reviewing her bills, she spotted a rather…
Like Fourth Grade All Over Again
I’m not sure why I loved fourth grade so much. Maybe it was because my teacher was extra pretty and her name was Mrs. Hunt. (Who could’ve guessed?) Or that I sat behind Rick Collier, voted by all the girls to be the cutest in our grade and the entire universe. For sure, it had…
Get the Most (or lose the least) in foreign Exchange
With COVID-19 restrictions falling, chances are that many of you are considering a trip to Europe or Asia this summer. That means paying in euros, francs, yen, or whatever when you’re at your destination. Unless you’re a currency speculator, you’ll almost always lose something in exchanging your dollars for whatever, but you can keep those…
Feds Still Plan to Act on Credit Card Fees as Merchants Worry Over Pandemic Delays
OTTAWA—The Finance Department said the federal government hasn’t abandoned a Liberal pledge to lower the fees merchants pay every time a shopper pays with a credit card. The Liberals promised in the spring budget to run a consultation on the proposed changes, which it did over the summer. Finance Minister Chrystia Freeland was supposed to…
Tis the Season to Go into the Red
You find yourself unable to pay more than a small percentage of credit card bills each month. You only make the minimum payment. You never seem to pay off any part of the principal. You don’t expect to ever retire your entire credit card debt in part because the interest amounts are growing. You think…
As Americans Spend, Credit Card Debt Is Ticking Back Up
NEW YORK—Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt. Now, that trendline seems to be changing. Many Americans stayed at home at the start of COVID-19 and did not spend like they usually do. They also received several rounds of emergency cash assistance, helping to chop…
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