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.
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.
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 ...