Fastest Ways to Eliminate Expensive Credit Card Debt

Spending this past holiday season alone increased by 7.9% from the year before, which only added to the growing problem of credit card debt in America. If you’re struggling to break free from a pile of credit card bills that come in the mail every month, you’re not alone. This year doesn’t have to be […]

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When Should You Get A Secured Credit Card?

Paying off debt impacts you in many ways – both positive and negative emotions arise during your debt payoff journey. I remember when I was paying off debt I felt both shame and pride, frustration and gratitude, and a host of other emotions, including a lack of freedom. Those all tied back to seeing who was responsible for the situation….

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Rejected for a Secured Credit Card? Here’s What to Do

Looking for ways to rebuild your subpar credit? You may be advised to obtain a secured credit card from a major issuer. To open a secured credit card, you’ll need to make a cash deposit to serve as collateral. This amount usually determines your available credit. Sounds simple, but what happens if you’re not approved? Do you throw in the…

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5 Easy Ways to Wipe Out Credit Card Debt

Credit card debt is easy to get into and difficult to get out of.  Prior to heading off to college, my mother told me that credit cards could be my best friend or worst enemy. She continued by saying that keeping the balances low and making timely payments was the sound thing to do. Unfortunately, I ignored the warnings and found…

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New – Discover it Secured Credit Card Review

Discover has just launched a new product, the Discover it Secured Credit Card. Secured credit cards are an excellent way to build or rebuild your credit history. With this card, you pay no annual fee, receive your FICO score for free, earn cash back rewards and have your activity reported to all three credit bureaus. […]

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Pay Off Student Loans With a Credit Card? It’s Just Crazy Enough to Work

If you’re swimming in student loan debt, you’ve probably already spent some time sussing out ways to cut back on your monthly payments. The new REPAYE system, for example, might be an option to help set you up with more realistic monthly payments based on your income. (Find out more about REPAYE right here.) Refinancing […]

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Are You Dreading Your Credit Card Statements This Month?

It’s hard to believe, but the holiday season is over. A new year has started that’s full of opportunity. Whether you call them goals or New Year’s Resolutions, it’s exciting to consider the potential for 2016. There’s one small problem. You had a great Christmas, but it was funded largely on credit cards, thus the problem – the rolling in…

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Deferred Interest: The Credit Card Trick You Shouldn’t Fall For

If you’ve ever been swayed into signing up for a store credit card because of the promise of free 0% financing, you’re not alone. A MagnifyMoney study found that over 50% of store credit cards offered promotional financing during the holiday season, which remains popular because consumers tend to respond positively to that 0% promise. […]

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The Best Cash Back Credit Cards for Every Category – 3% and More in 2016

MagnifyMoney keeps a database of nearly 2,000 credit cards and their features, including cash back cards you can compare with our tool. We used it to find the absolute highest cash back rewards you can earn in each category, more than the standard 1-2% you usually see. There are over 25 categories where you can […]

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How I Live Without a Credit Card

I am 29 years old, and I’ve never had a credit card – ever. I didn’t know this was unusual until other people were shocked and surprised that I have never had one. Here are the main points that people like to know about my life without a credit card. Why? Because I’m a Spender […]

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Fidelity Investment Rewards Visa Credit Card: Are there easier 2% cash back options?

Banks are able to give customers credit card rewards thanks to interchange fees. Typically, banks charge merchants a two percent interchange fee for the convenience of swiping a credit card. Then the banks incentivize customers to apply for and use a card by offering some of that interchange fee in the form of a reward. […]

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Best balance transfer credit cards: 0% APR, 24 months

Looking for a balance transfer card to help pay down your debt more quickly? We’re constantly checking for new offers and have selected the best deals from our database of over 3,000 credit cards. This guide will show you the longest offers with the lowest rates, and help you manage the transfer responsibly. It will […]

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