Credit Card Transactions and Purchases

You can use a balance transfer to pay off credit card balances at a lower interest rate. Watch out. With balance transfer fees, you might not save as much interest as you think.

Are you wondering why you keep getting over the credit limit fees even though you pay your balance below the limit each month? I'll tell you why plus how you can get out of the trap.

Taking out a cash advance on your credit card is risky, expensive, and carries the potential for debt. Find out the right way to take out and repay a credit card cash advance.

Extra fees and interest rate hikes make going over your credit limit costly. Not to mention the damage that's done to your credit score. Find out how to avoid the penalties of exceeding your credit limit.

Before you make a credit card balance transfer, there are some things you need to know, like whether the balance transfer will save you money. Here are some questions to make sure you answer before you make a credit card balance transfer.

If you try to use an expired credit card, your transaction will likely be declined.

Balance chasing is a practice used by credit card issuers to lower the amount of credit they have loaned out. In balance chasing, credit card issuers continuously lower your credit limit as your credit card balance drops.

When you make a 0% balance transfer, the balance you transfer does not receive any interest charges until the 0% promotional offer expires.

Federal law now prohibits credit card issuers from charging you an over-the-limit fee unless you've opted-in to having these transactions processed. Learn the advantages and disadvantages of opting-in to over-the-limit fees.

Don't assume layaway is always the better option. Learn when it's actually cheaper to use a credit card.

Just because you have it, doesn't mean it's ok to use it. Here are seven times you shouldn't use your credit card.