Simply going out and getting a secured credit card “has little or no effect” on your credit reports and credit scores. It’s how you repay your secured card debt that makes all the difference. With responsible use, you can establish a positive credit history and build your credit scores.
Balance transfer credit cards that offer lower or zero percent interest rates can be a smart way to reduce monthly payments and consolidate debt. Here are a few questions and answers that can help you determine if it is something you should consider.
Deciding whether to swipe your debit or credit card at checkout should be about more than which card happens to be at the front of your wallet.