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Frequently Asked Questions
Below you will find commonly asked credit card questions and the respective answers. Because there are so many different topics surrounding credit cards, we have listed the most common questions we receive. If you have a question that is not covered below, you may contact us via our contact form and someone will get back to you quickly (typically within one business day) with a response. If you have a question about a particular credit card account that you may have, please call the number on the back of your card or reach out to the issuing bank directly.
It really depends on what you value more. We have found that a majority of consumers prefer cash back rewards programs. However, an equal amount of people have also flocked toward some of the points cards because of their current bonus structures.
Though it may vary from issuer to issuer the general rule of thumb is that an excellent credit score is 725 or above, good is 650 and above and bad is below 600. In between 600 and 650 is considered fair.
A credit card allows you to carry a balance over time. If you elect to carry a balance interest will be charged provided it is not during a 0% introductory period. With a charge card you are required to pay your balance in full at the end of every billing cycle.
The most common use of charge cards is to take advantage of the rewards programs that they come with. People who carry charge cards are usually financially solvent, meaning that they only spend what they could normally pay for with cash but want to use an alternative for of payment so they don't have to carry cash for large purchases. Charge cards are a great deal as the rewards programs are very lucrative.
When you find the 0% balance transfer offer that you would like to move your debt to and reach the application page via an apply button you will be prompted on the application to enter the balances and accounts that you want to transfer. If you want to perform this transaction online, make sure that you have your existing statements or account information handy.
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