Here’s why your credit limit may have been recently lowered

[ad_1] rssfeeds.usatoday.com If you haven’t checked your credit card limit recently, it’s a good idea to take a peek. Millions of Americans said their limits had been slashed in recent months, according to a survey by CompareCards. In the economic fallout of the pandemic, it’s one way banks are trying to reduce risk, says credit… Continue reading Here’s why your credit limit may have been recently lowered

How to help your teen build credit responsibly

[ad_1] rssfeeds.usatoday.com A teenager can’t apply for their own credit card until they reach age 18—and even then, young cardholders are subject to restrictions under the Credit CARD Act until they turn 21. But, in the meantime, there are ways for high school students to get a jump start on establishing credit, which can set… Continue reading How to help your teen build credit responsibly

Does a balance transfer credit card make sense for you?

[ad_1] rssfeeds.usatoday.com If your credit card debt is climbing, you’re in good company. The national average balance recently hit $6,200, and APRs are hovering around 15%. With those terms, you could be paying hundreds of dollars a year in interest. A balance transfer can be a cheap way to pay down debt. This strategy involves… Continue reading Does a balance transfer credit card make sense for you?

Should you cancel your travel credit card?

[ad_1] rssfeeds.usatoday.com If you have a premium credit card, you likely consider the top-tier benefits worth the hefty annual fee. These luxury cards typically come with complimentary airport lounge access, free flights and hotel stays, travel insurance, and lucrative rewards systems. About 29% of Americans have a premium credit card with an annual fee greater… Continue reading Should you cancel your travel credit card?