A credit card statement credit is a payment made by a business and posted to your credit card account. Such payment shows up on your monthly credit card statement as a credit, which reduces your account balance. You may receive statement credit for purchase refund, credit card bonus, or redemption of credit card rewards points or miles. Are statement credits better than other forms of cash back? Are statement credits taxable? What credit cards are offering statement credits for bonus or rewards? Continue reading to find the answers.
Many business credit cards offer fabulous deals. Some of those deals are much better than those of consumer credit cards. But many people stop short of applying for business credit cards because they mistakenly believe that they need to run a corporation or LLC business to qualify for a business ...
If you're stuck paying late fees or other penalties because you missed a payment, you’re essentially throwing money away that could be used for something else. While it’s always best to pay on time and in full if you can, this is not always possible. If you’ve been late, don’t be afraid to reach out to your credit card company. Chances are, they may be more willing to help than you think.
What’s most important isn’t the number of accounts on your credit report, but what you do with them. Before making a financial decision, think about how the number of accounts you have will affect other credit score factors; check your credit report to see how you are doing.
If you are in a position in where you are working on rebuilding your credit, a secured card may help. They all have their differences in features and fees, so it is important to look carefully at the fine print.