Personal Finance » Credit Cards

Credit Cards

Opening a credit card and making on-time payments is a signal to creditors that you can effectively manage debt. Late or missed payments may be a red flag to lenders. Before applying for or canceling a credit card, learn how having one can impact your credit report and credit score.

Latest Articles

Late Credit Card Payment? Here’s What to Do

I’m usually pretty good about taking care of my bills on time. But a...

What Are Credit Card Balance Transfer Fees?

A credit card balance transfer fee is a fee you pay if you transfer...

How Credit Cards Impact Your Credit

Credit cards can be a useful tool for consumers to build credit and increase...

What Is a Good APR for a Credit Card?

An annual percentage rate (APR) on a credit card is the annualized version of...

Understanding Credit Card APRs

Shopping with credit cards is easy, convenient and secure. However, like most conveniences, credit...

When Should My Child Get a Credit Card?

You typically have to be 18 years old to get a credit card on...

New Travel Credit Card From Barclays Rewards Loyalty

A new travel rewards credit card is mixing up how things are done when...

Understanding Credit Card Limits

A credit card limit is essentially the size of the loan a credit card...

Attention Military Personnel and Vets: Here’s 4 Credit Cards Just for You

If you’re a servicemember, a member of one’s family, or a veteran, there are...

What Is a Credit Card Cosigner and Should You Use One?

A credit card cosigner may help you get approved for a credit card, assist...

Annual Fee Definition: What It Is and Whether It’s Worth It

An annual fee is a fee you pay each year just for having a...

Understanding Credit Card Fees

Credit cards often have numerous fees, which can be confusing to consumers. By law,...

Canceling Credit Cards

Closing a credit card account reduces the total amount of credit you have available to you. This affects your credit utilization rate, which is a factor in calculating your credit score. If you have a strong credit history and/or a large amount of credit available to you, closing a single credit card might not impact your credit score at all.

If you’re afraid you’ll be unable to risk the temptation of the credit card, it may be advisable to close it. Large portions of debt and late or missed payments are negative marks on your credit history and can harm your chances of earning future credit.