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Which came first, the chicken or the egg? The logic behind this age-old causality dilemma also applies to the following question: how do you build credit if you have no credit? After all, if you have no credit or bad credit then it’s almost impossible to qualify for a conventional credit card or loan.
Your wallet may contain credit cards and debit cards. Both card types look and behave in similar ways. They have 16-digit account numbers, expiration dates, security codes, security chips, magnetic stripes, and you can use them to make payments.
A balance transfer credit card usually offers a special promotion that allows you to move another source of debt to your credit card, ideally at a lower cost. Some balance transfer credit cards may provide a period where you can transfer the balance without paying a balance transfer fee. Others may give you a period to pay off the balance transferred without paying interest on that balance.
Travel can be expensive. With the cost of flights, hotel rooms, travel insurance, and more, if you’re traveling regularly for leisure, work, or family reasons, it can quickly add up. But what if you could reduce your travel costs every time you used your credit card?
Rare are the days that you whip out cash to pay for everything. Most of us use debit or credit cards to pay for everything from weekly grocery shopping to funding our dream vacation. What if you got a small kickback for every purchase you made though? That’s where reward credit cards come into play and can give you more perks for everyday spending.
Applying for a credit card is a bit like applying for a job. You don’t want to just go for the first card you find without making sure that it’s a good fit. Add on top of that the possibility of not getting approved, and it’s no wonder that some people find applying for credit cards stressful. While it’s not the end of the world if your application is denied, it isn’t the most pleasant feeling.