QuickTips Index
3 Reasons You Shouldn't Opt-Out of a Higher Interest Rate
Opting-out lets you decline the new rate and pay off your balance at the lower interest rate. There’s a catch though, many credit card issuers will close your credit card if you don’t accept the new rate. Think twice about opting-out in these situations.
How to Opt-Out of an Interest Rate Increase
The Truth in Lending Act requires credit cards, in most cases, to give you 15 days advance notice of any interest rate increase. When your interest rate increases, you’re given an opt-out period during which you can reject the new, higher interest rate.
Ways to Respond to a Credit Limit Cut
When your credit card issuer cuts your credit limit, it puts your credit score in jeopardy. Find out how you can respond to a credit limit cut.
5 Ways to Respond to a Credit Card Interest Rate Increase
When your interest rate increases, you’ll typically have an opt-out period allowing you to reject the interest rate change. There are some cases you might not want to close your credit card account because it will hurt your credit score. Here's what else you can do.
Managing a Joint Credit Card Account
You might get a joint credit card account with a spouse, partner, or even a child to simply bill paying, to merge your lives, or to help that person get a better credit score. Managing a joint credit card account isn’t always easy. You have to discuss everything you’d automatically decide when you have your own credit account.
How to Get out of the Over the Limit Fee Trap
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.
Take Out a Cash Advance Without Plummeting Into Debt
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.
Sample Letter For Closing Your Credit Card
You can use this letter to close your credit card.
How to Avoid Credit Limit Charges
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.
How Long to Pay Off Balance With Minimum Payments
If you only make the minimum payment on your credit card, it could take years to pay off the balance. Not even that, you could end up spending hundreds, possibly even thousands, in interest by the time the balance is repaid.
How to Respond to Credit Card Billing Errors
The Fair Credit Billing Act, FCBA, gives you the right to have credit card billing errors corrected. Find out how to properly respond to incorrect credit card charges.
Should You Close a Paid Credit Card?
Paying off a credit card is a great accomplishment, especially if you worked long and hard to do it. What now? Do you leave the card open or should you close it?
The Right Way To Close a Credit Card
How to cancel a credit card account the right way
Build a Good Credit Score By Charging Only What You Can Afford
Thinking about making a credit card purchase? Before you swipe your card, consider how much you can afford to charge.
Don't Let a Rewards Credit Card Lead You To Debt
It's nice getting free stuff just by using your credit card. If you're not careful a rewards credit card can lead you to debt. Find out how to avoid it.