Thinking about closing your credit card? Don't pull the trigger just yet! While there are many reasons you might want to close a credit card, it's crucial to understand how that could impact your credit score. Vice President of Product Management Renee Robinson-Jones shared a few tips with Fox Business Network on what you should consider before taking the plunge. Read the full article here: https://lnkd.in/eUrY4kDX
Georgia's Own Credit Union’s Post
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We get asked frequently: What’s the difference between a revolving credit card and a charge card? Odds are, if you’re on the journey to starting a card program of your own, you’ll have to think about this question yourself. So what are the differences? And which might be the best fit for your card program and your customer’s unique needs? We break all that down in our latest blog.
Understanding the Difference: Charge Cards vs. Revolving Credit Cards
highnote.com
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Our Product Manager of Credit Cards, Kim C., was recently featured in an U.S. News & World Report article discussing a common credit card question: do balance transfers impact your credit score? Kim breaks down the facts and offers insights to help you make informed decisions about your credit card strategy. Head over to the article to learn more: https://lnkd.in/g4F8uKcy. #CreditCards #FinancialStrategies #ThoughtLeadership
Do Balance Transfers Hurt My Credit Score?
money.usnews.com
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Is Maximizing Credit Card Rewards Worth It?
Is Maximizing Credit Card Rewards Worth It?
https://ofdollarsanddata.com
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Is Maximizing Credit Card Rewards Worth It?
Is Maximizing Credit Card Rewards Worth It?
https://ofdollarsanddata.com
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Can closing a credit card hurt your credit score? Here's what you need to know and how to make the best decision for you:
Does Closing A Credit Card Hurt Your Credit Score?
nj.com
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How to Get Pre-Approved for a Credit Card
How to Get Pre-Approved for a Credit Card
homevalueplus.info
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Learn where consumers are applying for credit cards and what features are most persuasive as you plan your 2024 #creditcard program strategy.
New Report: 24% of Consumers Will Choose Local FI For Next Credit Card
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🚫💳 Think closing your credit card is a smart move? Think again! Here’s why this common myth can actually harm your credit score. ⬇️ ❌ Myth: Closing a credit card will improve your credit score. ✅ Fact: Closing a credit card can hurt your credit utilization ratio and reduce your overall credit history length, both of which are key factors in your credit score. 🔍 Credit Utilization Ratio: This is the amount of credit you're using compared to your total available credit. Closing a card reduces your available credit, which can increase this ratio and negatively impact your score. 📅 Credit History Length: Your credit score benefits from a long history of credit accounts. Closing an older card shortens this history, potentially lowering your score. 🛠 Better Strategies: Instead of closing your card, consider these options: Keep it Open: Use it occasionally for small purchases to keep it active. Set Up Auto-Pay: Ensure you never miss a payment. Monitor Regularly: Keep an eye on your credit report for any inaccuracies. 💡 Tip: If you’re worried about overspending, store the card in a safe place rather than carrying it with you. Remember, smart credit management is key to a healthy credit score! 🏦🔑 #CreditMyths #CreditScore #FinancialHealth #SmartMoney #CreditCardTips #FinancialLiteracy
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How to Get Pre-Approved for a Credit Card
How to Get Pre-Approved for a Credit Card
homevalueplus.info
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How to Get Pre-Approved for a Credit Card
How to Get Pre-Approved for a Credit Card
homevalueplus.info
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