Do you ever feel “at war” with your credit card companies? Does it seem like your interests and theirs are completely unaligned? That could very well be the case. Consumers and credit card companies have very different ideas of what credit cards are really all about. And sometimes those interests clash.

Today let’s talk about what credit cards often mean to each of those groups, to give you a better idea of why tensions sometimes exist. read more..

You took the time to fully research several credit card offers to find the right card for you. Now it’s time to apply. If this is your first credit card, you might be wondering what kind of information the credit card application will ask for. And it’s good information to know up front so you can have all of the necessary documents and details on-hand to save time.

Today let’s talk about credit card applications, making sure you’re eligible for the offer you chose, and what information you’ll need to provide for that credit card application. read more..

If you’re not a frequent traveller but you’re planning on an international trip, the issue of using credit cards overseas might be new to you. Will you be able to use your Australian credit cards to purchase from merchants in other countries? Will it be just like using your credit card at home? Let’s discuss overseas use of your Australian credit cards today, including some things you need to know before you go. read more..

Most cardholders are well aware of credit card interest. They know they want a low interest rate because they’ll save money. But many don’t know how their interest rate is actually translated into the amount of interest they pay in dollars. Let’s take a look at an example of how interest is calculated. Just note that things might vary slightly when considering different credit card companies, special promotions, and things like interest free days (which you’ll only be eligible for if you paid off your previous balance in full by its due date). read more..

You’ve heard of balance transfer credit cards. You know how balance transfers work. But what are some common reasons people choose to pursue balance transfers in the first place? Let’s talk about some common reasons for balance transfers and some tips for those consumers falling into each scenario.

Here are three common reasons people apply for new balance transfer credit cards, and what you should keep in mind if you fall into one of these groups. read more..