How a credit card can instill maturity and responsibility (philstar.com) - February 13, 2019 - 1:20pm “Don’t get a credit card!” Most of us have heard this from our parents. This parental advice is not entirely baseless. Owning a credit card gives a person spending power, and coupled with immaturity and impulsiveness, it could cost its holder a lot. But with the right knowledge and attitude, a credit card can actually teach young adults financial maturity and responsibility. On being mature with finances Owning a credit card is a journey that broadens one’s perspective on finances, thereby developing maturity in handling it. Understanding the many hows of a credit card is key. 1. How it works A credit card allows one to borrow money from a credit card issuer to make purchases subject to terms like paying on time and staying within the credit limit. If you don’t pay on time, you’ll have to pay … [Read more...] about How a credit card can instill maturity and responsibility
Best credits cards for travel
Credit cards are easy, convenient and only require either a PIN or your signature to approve a payment. However, in certain scenarios, this convenience could mean a breach of safety, according to several experts interviewed by Reader’s Digest: 1. When on a non-secure website (HTTP instead of HTTPS) “HTTPS is a protocol for secure communication over a computer network that is widely used on the internet,” said lawyer and certified international privacy professional Robert McKee. The S in “https” is for "secure", meaning the information you give the website is secured with encryption. If a website requires payment and reads “http” instead of “https”, the website is not secure. Using a third-party payment service like PayPal, which allows for secure and quick payments, is a safer option than entering your credit card numbers on an unsecured website. “[HTTPS’] main motivation is authentication of the visited website and … [Read more...] about Seven situations in which you should not use your credit card
By Ian Bickis The Canadian Press Mon., June 11, 2018 CALGARY—Credit card rewards can deliver great payoffs, but sifting through the points systems, introductory offers, shifting loyalty programs and fine print can make deciding what to put in your wallet a daunting task. Fortunately, you can at least narrow down the options in a few steps, said Janine White, vice-president of marketplaces at RateSupermarket.ca, a comparison website. The first step is an honest assessment of whether you’re having trouble paying off your bill every month, since cardholders who carry a balance should skip the rewards cards and find a low-interest option. If you’ve got a handle on your finances, a good next step is to decide if you want a points-based card or straight cashback. More and more people are choosing the simplicity of cashback, said Mary-Anne Huestis, co-owner of financial research firm MarketSense Inc. Article Continued Below “Cashback is a … [Read more...] about As competition heats up, Canadians have options for finding the best rewards credit card
source Matt Cardy/Getty Images For years, credit cards from JPMorgan Chase, Citigroup, and others have offered price protection, a benefit that refunds customers up to $500 if they buy an item and subsequently spot it cheaper somewhere else. Filing a claim was a laborious task, so few people ever did. Apps like Earny have emerged that use bots to automate the price-protection process, connecting with users’ email accounts to monitor purchases and hunt down refunds. Insiders say the rise of these tools and services has led to exponential growth in price-protection claims: “Nobody foresaw the onslaught of claims right now.” Citi recently revealed it would cut back on its price-protection offering, while Chase is planning to eliminate it entirely. Discover, which doesn’t work with apps like Earny, has cut other benefits but is keeping price … [Read more...] about For years, Chase and Citi credit cards offered a generous, under-the-radar benefit that protected customers. And then the bots arrived.
caption Who doesn’t like free money? source David Silverman/Getty Travel credit cards are used by more than two-thirds of Americans. The average value of a travel credit card in the first year is $900, according to a new report from NerdWallet. After the first year, the average cardholder earns about $230 in rewards annually. Getting away can be expensive, but there are ways to stretch your budget. Almost 70% of Americans use travel credit cards to offset the cost of travel, according to a new report from NerdWallet. Travel credit cards, including those offered from big banks, airlines, and hotel chains alike, offer major travel perks in the form of points or miles – and it’s basically free money. The 32% of Americans who don’t use a credit card that offers travel rewards are leaving hundreds of dollars on the table – a collective $22 billion annually. According to … [Read more...] about Americans don’t spend enough on their credit cards to get the travel rewards they expected — here’s how to make sure you don’t miss out