Category Archives: credit cards

Education Should Not Automatically Mean Long Term Debt

It costs money to get a college education. Ordinary people looking for good qualifications as a means to a better future career usually finish their education in debt as the price they pay for their ambitions. They regularly have a student loan to pay off though the terms and conditions of such loans ensure that their repayment is usually manageable. Students who also have credit card debt need to pay a minimum each month on any outstanding balance. It will… Read the rest
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Update on Statement Credits

Okay, so I have to say this really takes a lot of juggling to get these statement credits! It is definitely simpler to buy groceries, gasoline, etc. with the appropriate debit cards and be done with it. I have my paycheck direct depositing into three checking accounts. One portion is my car payment, another portion goes to Wells Fargo for groceries and my husband’s gasoline and mad money, and the remainder goes to another checking account from where I buy… Read the rest

Update on Balance Transfer Plan (Fall 2014)

Back in October I wrote about my plan for my balance transfers.  Two of my credit cards were not at 0%, and on two others the promotion was ending (in December). I really had to put together a plan this time because three of the cards were Chase and that made it tricky because I had to use other banks (Chase doesn’t allow balance transfers from one Chase card to another). Also, my budget really tightened up when I bought… Read the rest

Balance Statement Credits – Are They Worth It?

I say yes.  Here are some rules: Make sure the card has no annual fees. Once you have been approved for the card, call the company and learn the details on earning the credit.  For example, ask for the dates purchases need to be made in order to qualify. Confirm that you will receive a credit for X dollars after X dollar amount in charges within X number of days. (Example: You will receive a credit for $300 after $1000… Read the rest