You may have received a few credit card offers with a 0% Annual Percentage Rate (APR) on new purchases and balance transfers. Or maybe you’ve been offered special financing when you make a large purchase so you can pay it off over time with “no interest.” Most credit card companies make money from interest fees (financing charges)
Personal Finance
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
The year 2020 will be burned into our collective memory for many reasons. It was a year filled with headlines. So, if you missed it then, the financial news highlighted that FICO® released its newest credit score, the FICO® Score 10. Nonetheless, FICO®’s newest credit scoring system (the FICO® Score 10 Suite) is noteworthy in
Do you have plans to apply for a new credit card in the near future? Maybe you’re considering a new auto loan, mortgage, student loan, or personal loan. Regardless of the type of financing you are seeking, your creditworthiness will play an important role in whether your applications for credit are approved or denied. What
So you’ve heard the word “FICO®” before. Maybe from your mom, who’s always telling you to “stay on top of your FICO® scores.” Or maybe from your prospective landlord, who wants to “check your FICO®” before he’ll let you live in his apartment. But what does FICO® stand for? And why is it so important?
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