Category: Credit Cards
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Credit Card Rewards
The Main Rewards Types Many credit cards offer rewards that are based on spending as a way to encourage users to spend more money on with their credit cards. Credit card companies collect fees from the businesses who accept credit card payments that are a percentage of your payment, so it is in their interest…
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Authorized Users
So what is an authorized user? An authorized user is someone who is added to another person’s credit card account, which allows the authorized user most of the same rights as the account owner (primary card holder), such as cash back on spending and perks for cardholders. Typically, authorized users get a credit card similar…
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Credit Scores
I keep hearing people talk about their credit scores. What are they? Credit scores are the way that banks keep track of a bunch of the things that they look for when deciding whether or not to give you a loan, such as a mortgage, car loan, or credit card. Outside companies called credit bureaus…
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Credit Cards: Pros, Cons, and Some Terms to Know
What is credit? In short, credit is a loan. In the context of credit cards, the way that a credit card works is that a bank gives you a line of credit (a loan with a preset limit that you have the option to borrow from at will). They also give you a credit card,…
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