Can You Trust Reddit Credit Card Advice? | by LendEDU - Medium

Mar 30, 2020 · As you can see, there are some interesting credit card threads on Reddit. But remember, your credit score is very important to your financial future, so taking advice from …

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Can Anyone Share Credit Card Advice/tips : R/CreditCards - Reddit

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As you said, pay on time and in full (leave a very small balance ,1-3%, to report utilization) as it accounts for 65% of your score. Im sure some folks might have a differing opinion about the …

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What So Called “expert” Advice Have You Ever Received On Credit …

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Mine was the “never get a department store credit card” advice a lot of people give. I know everyone’s situation is different but for my family and I owning a Macys card is clutch. No 5% …

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I Made A Website That Helps You Find The Best Credit Card ... - Reddit

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Well you can see that I'm paying $500/month on utilities, so you can recommend a card specifically to maximize utilities. Suggest a best card for every category of spend, and/or …

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HELOC Vs. 0% Interest Credit Card - LendEDU

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May 28, 2024 · 0% interest credit cards offer an interest-free period ranging from six to 18 months, but the credit limits are often much lower than HELOCs. After the promotional period, …

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FAQs about Can You Trust Reddit Credit Card Advice? | by LendEDU - Medium Coupon?

Does a credit card build your credit?

It builds your credit. When you use a credit card RESPONSIBLY, it will build your credit over time. Which if you're young may not be a big deal to you, but eventually you might want to buy a car or house, and unless you have a lump sum sitting in cash, you're going to need to finance it. ...

How do I use a credit card?

Being responsible is the only thing it takes to use a credit card. Pay in full - only suckers make the minimum payments. When you only pay the minimum each month, the credit card companies will charge you interest for using their money longer than the 30 day statement period. ...

Do people use credit cards responsibly?

Most people who use credit cards do not use them responsibly. If they did, the credit card companies would be out of business. With point of sale fees I'm not sure this is actual accurate. It's probably the case that they'd be wayyyy less profitable but if almost everyone was responsible there'd be less overhead too. ...

Should you use a credit card with an E-Fund?

Credit cards are actually great for emergencies too in conjunction with an e-fund. Swipe the card in the emergency, then you have the rest of the payment cycle to get your e-fund cash from wherever you've stashed it. That means you can leave your e-fund somewhere safe, but not quite as liquid (like a high-yield account at your non-daily bank). ...

Are credit cards out of business?

"Use credit cards" --> Good advice for people who want to build financial independence They wouldn't be completely out of business. They make money on interchange fees as well. This isn't entirely true. Visa and Mastercard don't issue cards and don't make money off interest payments. ...

What are the pros and cons of using a credit card?

There are literally no cons to using a credit card if, and here's the catch, you're responsible. That's all. There are so many pros built in to using a credit card over a debit card. Here are a few: It's safer! When you use a debit card to make a purchase, you're essentially handing the merchant direct access to your bank account. ...