All

All

TransUnion Finds a Link Between Minimum Credit Card Payments and Mortgage Delinquencies

It's hard to be surprised by the results of the newest study from TransUnion, which reports a link between minimum credit card payments and mortgage delinquencies.

According to the study, consumers who paid the minimum on their credit cards each month were more likely to default on their mortgage. On the flip side, consumers that paid their credit card balance back each month had much lower rates of delinquency on their mortgage. 

I recently took a trip to Boston and, despite my efforts to avoid cabs at all costs and stick with the cheaper (and more...adventurous?) strategy of public transportation, still found myself in at least three different taxis. Of these three cabs, two of them accepted credit cards. One driver was happy to do so, while another driver looked like he would have preferred I pay him my $12 fare in change.

Wait at least 6 months between credit card applications

A common question I receive from Creditnet readers is how long we should wait between credit card applications. Once consumers find out that opening and using a credit card responsibly can help them build credit, many of us (rightfully so) have an urge to rush off and apply for a small handful of cards very quickly.

Frankly, this is a bad idea. Opening too many cards at once can damage your credit profile and reputation in a couple of different ways. 

on Wed, 2013-07-31 08:32

New Citi ThankYou® Preferred Rewards Card Offer Ups the Bonus Offer

(Update: The below offers may have changed since time of publication. For complete offer details, check out Creditnet.com's updated list of available Citibank credit cards.)

Video: What the Credit CARD Act of 2009 Requires of 21-Year-Olds

Are you under the age of 21 years old but hoping to get approved for a credit card? This explains exactly what is required by the Credit CARD Act of 2009 of students and consumers under the age of 21 eager to build credit.

Video: The Do's and Don't's of Applying for a Credit Card

Want to learn about the Do's and Don't's of applying for a credit card? In this video, find out what you should and shouldn't do when applying for your first credit card.

Video: Credit Card Fees Explained

Depending on the credit card, there are several fees to consider before applying. Annual fees, interest fees, late fees - it's important to get familiar with all of the charges you might be expected to pay on a card before actually applying to a card.

5 Best American Express Credit Cards of 2013

We haven't broken down American Express cards exclusively in a while, which is a shame because right now these are offers are some of the very best available on the credit card market today.

Discover It has Amazing Customer Service!

cheeseball13's picture
Overall:

Card Purpose:

cheeseball13 Would recommend to a friend.
Reviewed on: Tue, 2013-07-23 10:53
Have an issue with this review?
Please login or register to flag this reviewClose
This review is the subjective opinion of a creditnet.com member and not of creditnet.com

Credit News Roundup: Yup - People are Now Paying for Stuff With Their Face

2013 may be a time of amazing technological advancement, but some of us can't help but feel a little bit bummed that some of the really cool gadgets we were told would be here by now. And yes, we mean flying cards.

So, you can imagine our excitement this morning when we saw this video on Fast Company from the start-up Uniqul detailing the newest wave of spending in Finland - paying with your face.

Pages