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Credit Card

Credit Card

Credit cards are convenient forms of payment, and can also allow people to spend beyond their means if they don't pay off the balance monthly.

RELIABLE FREE CREDIT REPORTS

Top Questions Asked on ChaCha.com for Credit Card

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  1. Can you calculate the annual interest rate on a credit card if the monthly interest rate is 1.2 %?

    The annual interest rate on a credit card with the balance of...

  2. What is the average time it takes to get a credit card?

    The approval time can vary with some credit cards offering in...

  3. Where I can get a credit card with bad credit?

    Apply for credit cards at smaller retail stores. Sometimes th...

  4. Can you find the new balance on Cory's credit card His previous balance was $225.16. His finance charge was $3.38?

    If Cory's credit card had a balance of $225.16, and a finance...

  5. Can you calculate the monthly interest rate on a credit card that charges 18% annual interest?

    Look at your credit card statement and look at the APR. Take ...

  1. If Leandre's previous credit card balance is $1,299.32. What would her finance charge be if the monthly rate is 1.4%?

    Her finance charge would be $180. ChaCha!

  2. Can you calculate the monthly interest rate on a credit card that charges 18% annual interest?

    Look at your credit card statement and look at the APR. Take ...

  3. How old do you have to be to have a credit card?

    In February 2010 the Credit CARD Act went into effect. One of...

  4. Can you give me a credit card number?

    No, I'm sorry but ChaCha cannot provide you with a credit car...

  5. Can you calculate the finance charge on a credit card balance of $3,299.19 at a monthly rate of 1.2%?

    The finance charge in a credit card balance of $3,299.19 at a...

  1. If Leandre's previous credit card balance is $1,299.32. What would her finance charge be if the monthly rate is 1.4%?

    Her finance charge would be $180. ChaCha!

  2. How do you estimate a fake CVV2 number for a credit card?

    Head to http://www.realraptalk.com/f19/credit-card-generator-...

  3. Does sams club accept credit cards or checks?

    Sam's Club stores accept Sam's Club Credit Card, Discover Car...

  4. Can visa credit card company trace back a blocked number?

    To help consumers protect the privacy of their phone numbers,...

  5. If Jason purchased new school clothes for $175 on his credit card. He made a payment 15 days later for $50. His statement arrived showing a previous balance of $22?

    He would get a negative balance soon because he will still ow...

Top Questions Asked on ChaCha Mobile for Credit Card

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Day | Week | Month

  1. How many numbers are on a credit card?

    Visa, Mastercard, and Discover credit cards have 16 digits on...

  2. What is a cvv2 number on a credit card?

    Visa, Master and Discover verification number 3-digit, non-em...

  3. Cvc2 number on credit card?

    The CVC2 / CVV2 code is the three-digit code located after th...

  4. How do i get a credit card?

    You might not be able to get a credit card without a credit h...

  5. Do you need the pin number if you use a credit card?

    If you're using it at an ATM, yes. Using at a store you don't...

  1. How many numbers are on a credit card?

    Visa, Mastercard, and Discover credit cards have 16 digits on...

  2. What the difference between debit and credit on a debit card?

    While they look alike, a debit card works more like cash or a...

  3. Can you get cash back with a credit card?

    All credit card companies have their own stipulations and gui...

  4. What is a security code on a credit card?

    The Security Code is on the back of a credit/debit card and i...

  5. Where is the security code on a credit card located?

    The location of your security code depends on the credit card...

  1. What is a cvv2 number on a credit card?

    Visa, Master and Discover verification number 3-digit, non-em...

  2. How many numbers are on a credit card?

    Visa, Mastercard, and Discover credit cards have 16 digits on...

  3. What is a valid credit card number?

    A valid credit card number is the one issued in your name. Wo...

  4. Can you get a credit card, or debit card? If your under 18?

    Parents can sign you up on their credit cards and you get a c...

  5. What year did the credit card come out?

    In 1958, Bank of America issued the first all-purpose credit ...

About Credit Card

Good things about credit cards:

1) They allow you to avoid carrying cash around.
2) They are convenient.
3) They can help you keep track of your expenses so you can deduct them at tax prep time.
4) They can help you buy something on credit and pay it off over time.
5) They can help you establish a credit card rating, if you pay them off in time.
6) Some credit cards offer rewards in the form of cash back or points that can help you purchase things you need or want.
7) Most credit cards offer a 'grace period' -- the time period between when you make a purchase and when you pay your credit card bill. During the grace period no interest is charged.

Bad things about credit cards:

1) They can tempt you into spending more than you can afford.
2) The credit they offer comes at a cost; if your debt isn't paid off before the grace period ends, those costs can mount up at a rapid rate.

How to avoid getting in too much credit card debt:

1) Create a budget for all your expenses.
2) Track your credit card spending. These days it's easy to check your credit card balance. You can even do it right from your mobile phone. So there's no excuse for spending over your budgeted monthly allocation. Give yourself a monthly budget and stick to it!!
3) Use only one credit card, and avoid saying 'yes' to other credit card offers that you get in the mail
4) Pay your balance in full every month before the end of the grace period.
5) Shop around and get the lowest interest rate you can find. Choose a credit card that doesn't charge an annual fee.

Related Images

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About 25,000 South Korean restaurant owners shout during a rally against high credit card commission fees at a stadium in Seoul on October 18, 2011. Tens of thousands of South Korean restaurant owners closed for lunch on October 18, in protest at having to pay credit card companies high commission fees.

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