Despite the fact that many financial advisors are recommending that credit cards be used with caution, most people find instant approval credit card offers to be rather appealing. (more…)
A Closer Examination of “Instant Approval” Credit Cards
Thursday, April 7th, 2011How to Better the Chances of a Future Credit Limit Increase
Tuesday, February 22nd, 2011Obtaining more favourable terms on a credit card, such as a credit limit increase, is as much of an art as it is a science. The ability to juggle expenses on a day-to-day basis as well as employ a credit card for big ticket purchases when the need arises can both factor into a lender’s decision to approve a higher limit. (more…)
Dangers of a Credit Limit Increase on a Credit Card
Monday, February 14th, 2011A credit limit increase can add an extra measure of purchasing power to a deserving credit card holder’s account. However, a credit increase may also be a dangerous and unwise move for certain card holders if they generally struggle to properly use their available balances. (more…)
Cash Advances on Credit Cards
Thursday, January 20th, 2011
The cash advance option is available with nearly every credit card on the market today. But many consumers misunderstand the nature of cash advances, how they work, and the potential consequences of initiating them. This can lead credit card holders to inadvertently sabotage their accounts by mishandling even a single cash advance. Below is a brief summary of cash advances on credit cards. (more…)
What are credit limits and why are they important?
Tuesday, November 30th, 2010A credit limit is the amount that a credit card will allow a customer to borrow on a card. This means that a credit card limit can be very important and plays the same sort of role as the loan amount will play in a fixed loan.
(more…)
