In my 20s, I paid off my student debt and it felt amazing. For the first time ever, I had discretionary income: money left over after necessities. Aside from buying a bunch of crap I didn’t need, I I had no idea what to do with that money. If this sounds familiar, whether you’ve just paid off a car loan, student loan,…
Credit works in mysterious, sometimes contradictory ways. If you have good financial habits and do the right thing with your money, it seems like your credit would be in good shape. It doesn’t always work out that way, though. Despite your best intentions, smart financial moves aren’t always the best credit moves.
I have pretty good credit—right now my score is close to 800. Awesome, right? Sure, except that awesome credit has actually been pretty useless, even when I recently bought a home. Don’t get me wrong, bad credit has a big impact on your finances. It’s strange, then, that excellent credit doesn’t really matter.
When you rent a car, you can usually get free insurance coverage through your credit card issuer, which means you rarely need the extra insurance offered by the rental company. This can be tricky to do abroad, though, since insurance regulations are different in other countries. Bring a copy of your issuer’s policy to…
You can save a decent amount on your car rental by skipping the insurance. If you paid for your rental with your credit card, you’re most likely already covered. But it’s important to know the specifics of what that card does and doesn’t cover, and how it works.
Ladies and gentlemen, I come to you today with an important news bulletin: there are still human beings, walking among us, who pay for things with cash.
We've discussed when to use credit versus debit when shopping, and usually at the gas pump, credit is your best option if you're not paying cash. If you have to use debit though, Consumer Reports suggests processing it like credit—as in, don't type your PIN—to reduce your odds of getting your card stolen.
With gas prices peaking this time of year, the idea of picking up a rewards credit card to help you save some cash might seem pretty appealing. Consumer Reports took a hard look at these cards and found that they're actually not a very good deal at all—even if you do buy a lot of gas.