Between cash back, credit card points and travel miles, customer rewards have become a popular way to save money and drive business. If you’ve racked up rewards points you’re ready to spend, you might be wondering if you need to declare them on your taxes. Generally, you won’t be required to pay taxes on credit
Credit Cards
U.S. Bank is a tried-and-true heavyweight in the U.S. financial industry, issuing a sizable collection of its own credit cards as well as co-branded cards with merchants of all sorts. Looking for a way to repair your credit after some past mistakes? There’s a secured card that should help you get the job done. Or,
The Blue Business® Plus Credit Card from American Express The Blue Business® Plus Credit Card from American Express offers business owners a simple way to earn American Express Membership Rewards® points. There are no bonus reward categories to keep track of and no annual fee. And you can potentially take advantage of this offer for
What Is American Express? American Express is one of the oldest and most widely recognized credit card companies, acting as both a network and a card issuer. It has a long history of serving consumers and businesses alike. Today it offers some of the best credit cards on the market, whether you’re new to credit
Luxury Card’s name is about as on-the-nose as it gets. It’s an international credit card company that specializes in luxury credit cards noted more for their high-class reputation and distinctive design elements, which include sleek aesthetics and sturdy metal construction, than their rewards. Technically, its cards are issued by Barclays, but Luxury Card calls the
Capital One Spark is Capital One’s line of small business credit cards. There are five Spark cards in total. Four are designed for large or small business owners with excellent credit scores, with a fifth designed for people with fair or average credit. Although some of them are made for excellent credit, you may still
American Express offers a wide variety of small business cards for people with excellent credit. Chances are there’s an American Express business card that will work to earn rewards on the money your business is already spending, whether you want to earn travel rewards or cash back. Many of these cards earn Membership Rewards points,
In an age of digital payments and mobile wallets, writing out a paper check, balancing a checkbook and even cashing a check can seem archaic. But even though the use of paper checks has declined over the last 20+ years, it’s still helpful to know the ins and outs of this “old school” way of
Considering getting new furniture? Maybe your morning coffee just slid off your tilted kitchen table. Or there’s a constellation of stains on your living room couch. Or you’re planning to move and can’t imagine taking the hand-me-down furniture you have in your current place. Furniture is one of those big-ticket items we tend to keep
Rent day. It may be your least favorite time of the month. And you may have wondered: Can I at least pay rent with a credit card – and earn credit card rewards? The answer is yes. The answer to whether it’s worth it? Well, that’s a little more complicated. The best reason to pay
Credit cards have, somewhat unfairly, developed a reputation as an easy way to pay for something when you may not have the money to do it upfront. In reality, they’re so much more than that when you use them right and they come with many benefits. So, we’ve put together a guide that’ll detail what
Cars are expensive. Ordinarily, they’re expensive enough that consumers resort to loans to pay them off over time. Particularly ambitious buyers, however, may pay for their cars with cash, so they own them from the get-go and avoid going into debt. But somewhere in between those crowds are the folks who buy cars with credit
Loans Are Not Usually Free, but Credit Cards Can Be Whenever you get a loan, you’ll usually have to pay interest. Even though credit cards are a type of loan, you can avoid interest fees completely with most cards. Interest is a fee you pay for borrowing money from a lender. Most of the time, the
Are you suffering from buyer’s remorse because of some recent purchases you’ve made? Do you want to know how to cure it? Drive back to the mall and return some things. As long as you’ve complied with the retailer’s return policy, when you return the item the retailer will generally issue a refund equal to the cost of
We’ve got a secret — a secret credit card issuers don’t want you to know about. Wanna know what it is? If you pay your bill in full each month, you won’t ever have to pay interest on purchases with most credit cards. That means you can get the perks and convenience of using a
By Andrea Woroch
Money is a top concern for most Americans these days and, with so much uncertainty still ahead, it’s important to create financial security for yourself and your family as we enter into this new year.
Improving your finances may seem like a daunting process, but getting started is half the battle. Here
Some people swipe credit cards haphazardly during the holidays and accrue debt with little thought to the aftermath. It is also common for folks to blow their year-end bonuses on big ticket items before ever receiving them. People get swept up in the emotions of the holidays without considering the financial ramifications.
In an effort
Are you dealing with more credit cards than you can handle? You may have several cards for different purposes – perhaps a travel card to maximize travel benefits, a cash-back rewards card, and a low-interest rate card for large purchases that will require you to carry a balance. They were all good ideas at the
Statewide restrictions are easing, and businesses are slowly reopening across the country, but consumers are still experiencing a lot of financial anxiety about the impact of the coronavirus outbreak on their income and budgets. In fact, a survey by LendEDU found that 63% of poll participants were concerned about running out of money and 51%
Is your credit card interest rate causing you financial pain? As of April 2020, the average annual percentage rate (APR) across all credit cards is 16.12%. Low-interest rate cards average 12.95% – a huge improvement when you’re struggling with debt.
If your card’s APR doesn’t measure up, how do you get a low-interest rate credit
It’s a classic dilemma. You can’t build a credit history and get a credit score without a source of credit, but how do you get a source of credit without a credit history?
If you don’t have a credit score to assess, you’ll have to give lenders a different method of assurance that you won’t
A vacation home sounds delightful, doesn’t it? If you can’t afford one, you may be able to at least afford a part of one – by purchasing a timeshare.
You’ll have plenty of company if you do. The American Resort Development Association (ARDA) reports that timeshare sales have risen for eight consecutive years, reaching $9.6
You decide to participate in a government survey regarding your debt and credit card usage. Will you answer the survey questions honestly, or will you shade some of your answers when you’re not proud of the truthful response?
Researchers at the Federal Reserve decided to compare credit card data from different sources to answer that
The coronavirus outbreak that began in Wuhan, China, in late 2019 has spread fast and caused global panic. Even the financial markets have suffered, causing the Federal Open Market Committee (FOMC) of the Federal Reserve to decrease its rate by half a percentage point in an emergency move. This sets the Fed’s target interest range
Most credit cards have rewards programs or sign-up bonuses these days, and many of those rewards increase with your level of spending. Doesn’t it make sense to funnel your large regular expenses, such as mortgage payments, through your credit card to reap those rewards?
Paying your mortgage with a credit card may be a reasonable
Getting approved for a mortgage can be a daunting task as a young adult. You are just getting your financial life started and your finances may not be in perfect shape. Do not worry, though; it is possible to get a mortgage as a young homebuyer with the help of the five keys listed below.
Holiday Debt On the Increase Are your credit cards still smoking from holiday overuse? Based on a recent MagnifyMoney survey, it wouldn’t be surprising.
Consumers who financed their holiday spending averaged $1,325 in holiday spending debt – a sharp increase from 2018’s $1,230, 2017’s $1,054 average and 2016’s $1,003 average. Increases in wages and consumer
If imitation is the sincerest form of flattery, imitation of your credit cards must be the sincerest form of identity theft.
For years, identity thieves have produced copies of credit cards (otherwise called card cloning) by stealing the information stored on a card’s magnetic stripe and transferring it onto fake cards for their own use.
The convenience of modern digital commerce comes with an unfortunate side effect: it makes identity theft more convenient as well. The 2019 Identity Fraud study from Javelin Strategy and Research found that 14.4 million consumers in the U.S. were victims of identity theft during 2018, to the tune of $14.7 billion.
“It may seem time-consuming
MoneyTips Can you avoid a New Year’s Day hangover? We’re not referring to the traditional hangover that comes from too much alcohol, but the financial hangover that comes from too many charges on your credit card. Of course, you can avoid a New Year’s credit hangover – especially with some help. Consider these eleven ways
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