How Many Credit Cards Should I Use?
How Many Credit Cards Should I Use? Credit Cards by John Ulzheimer Share Share Email The amount you owe represents some 30 percent of your credit score points, which is the second largest contributor to your credit score. This category not only includes the total credit utilization (revolving and installment), but also the number of […]
What’s the Difference Between Credit Cards and Charge Cards?
What’s the Difference Between Credit Cards and Charge Cards? Credit Cards by John Ulzheimer Share Share Email Do you know the difference between a credit card and a charge card? A credit card has a preset spending limit and you’re generally allowed to charge up to that amount. A charge card has no published spending […]
Can I use prepaid cards or debit cards to help build my credit?
Can I use prepaid cards or debit cards to help build my credit? Credit Cards by John Ulzheimer Share Share Email If you want to build credit, prepaid cards or debit cards are not the solution. The key reason is that they don’t report information to the three major credit bureaus, which are Equifax, Experian […]
Are Debit Cards and Prepaid Debit Cards the Same Thing?
Are Debit Cards and Prepaid Debit Cards the Same Thing? Credit Cards by John Ulzheimer Share Share Email The prepaid debit card industry continues to do a masterful job convincing people that their product is a better option than a credit card or a well managed checking or savings account with a bank or credit […]
How do lost or stolen credit cards impact my credit reports?
How do lost or stolen credit cards impact my credit reports? Credit Cards by John Ulzheimer Share Share Email When you determine that your credit card has been lost or stolen, the first thing you need to do is contact your credit card issuer and each of the three credit bureaus; Equifax, Experian and TransUnion. […]
Are reloadable prepaid debit cards or debit cards reported on my credit report?
Are reloadable prepaid debit cards or debit cards reported on my credit report? Credit Cards by John Ulzheimer Share Share Email I received the following question from a follower last week. It has to do with why some of her cards are not appearing on her credit reports. Read on…
How Many Credit Cards is Too Many for My Credit Score?
How Many Credit Cards is Too Many for My Credit Score? Credit Cards by John Ulzheimer Share Share Email There are only a small handful of credit score myths that have been able to stand the test of time. One of them is certainly that you have to have an exact number of credit cards […]
Are Charge Cards and Credit Cards the Same Thing?
Are Charge Cards and Credit Cards the Same Thing? Credit Cards by John Ulzheimer Share Share Email They look the same, they’re used the same way, most retailers accept both…so credit cards and charge cards must be the same thing, right? Not really. Most people don’t realize that there is a difference between a charge […]
How Many Credit Cards is Too Many?
How Many Credit Cards is Too Many? Credit Cards by John Ulzheimer Share Share Email One, ten, twenty…how many credit cards is too many? And why would anyone have more than one credit card? This is a very common and valid question. There are also several answers, some of which are valid and some of […]
Should You Use Store Credit Cards?
Should You Use Store Credit Cards? Credit Cards by David B. Coulter Share Share Email Nearly every store, big and small, offers a store credit card. Although this concept initially began with large department stores, it is now possible to find store credit cards for gas stations, home improvement chains, and even candle and bath […]