Tips to get your financial life in order
Dump your extra credit cards. Why carry a dozen when a few will do? Get rid of cards you never use and merchant cards you applied for solely to get a discount. Keep your oldest card because the longer your credit history, the higher your credit score. If you carry a balance, keep a card with a low fixed interest rate. Card issuers can raise a fixed-rate card’s interest rate, but they must give you 15 days’ notice. By contrast, an issuer can change the interest rate on a variable-rate card regularly and without advance warning. If you’re not satisfied with the cards you have and want to see if there are better deals, try the search engines at www.bankrate.com, www.cardratings.com, and www.lowcards.com.
| 10 easy steps to the simple (financial) life
Consumer Reports (subscription) - 20 hours ago Keep your oldest card because the longer your credit history, the higher your credit score. If you carry a balance, keep a card with a low fixed interest … |
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