What Does No Pre-set Spending Limit Mean For My Credit Score?
So, I recently got a letter in the mail regarding my Citi Dividend Platinum Select Card. Supposedly, I’m such a valuable cardmember that I’m being “upgraded” to the Citi Dividend World Mastercard. Among some new perks such as price protection, concierge service, and PayPass, the most worrisome addition is that the card has no pre-set [...]
No Credit Cards Under 21? You Can Still Build Credit
So the Credit CARD Act of 2009 has put a lid on credit card access for anyone under 21 years old. Luckily, there is a tiny crack in the seal that can still help build good credit history for young adults. According to the new rules, you can get a credit card under 21 only [...]
If You Have No Credit, You Have No Credit Score
For the many young adults, especially college students, how to use a credit card may be common knowledge but how credit works is quite the mystery. That doesn’t come as a shock since most teens start receiving credit card offers as soon as they become 18 (although that is no longer the case). On the [...]
How Closing Your Old Credit Cards Really Affects Your Credit Score
Like the majority of other money-conscious folks out there, I was also one to believe the long preached advice to not cancel your old credit card accounts because the credit history of that account would disappear from our credit report. We don’t want to see our squeaky clean credit repayment habits wiped off our reports [...]
How the Credit CARD Act Affects Young Adults
The provisions of the Credit CARD Act of 2009 targeting youth and credit will be going into effect Feburary 22, 2010. President Obama is on a mission to reduce the availability to young consumers in an effort to solve a problem that hurts so many of us college graduates today – we graduate with too [...]
