Credit Basics

Consumers should understand the potential benefits and risks associated with having multiple credit card accounts and the impact on their credit score and history.


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.


Learn what the credit card minimum payment is, avoid pitfalls of late fees and penalty, and find out how to minimize interest with right credit cards.


Having a credit card has a lot of advantages, as long as you maintain it responsibly. Here are 7 ways in which we benefit from owning a credit card.


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.


Do you read the fine print of a credit card offer? If you don’t understand the language, you may be frustrated. Read here to see what these frequently used credit card terms mean.


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.


With a chip card, a cardholder’s confidential data is more secure than on a magnetic stripe card. Every time a chip card is used for payment, the card chip creates a unique transaction code that cannot be used again. Right now, over 130 countries of the world already use chip card readers as the standard. In the ...