Showing 3 results for:


by Topic

All results

Study: More Than 1 in 3 Credit Cardholders Ended 2019 With More Card Debt Than They Started With

Let’s be real — some of us might not have made as much financial progress as we would have liked in 2019. Thankfully, it’s a new year, and we have another chance to do better. CompareCards commissioned a survey of almost 800 credit cardholders and found that nearly 1 in 5 cardholders with credit card debt didn’t make any progress towards paying off their debt last year. On top of that, 35 percent of cardholders entered 2020 with more credit card debt than they had in the beginning of 2019. In this article: Key findings Many cardholders started the new year with card debt Nearly 1 in 5 indebted cardholders didn’t make any payoff progress in 2019 The credit card debt gender gap continues How to prioritize paying off credit card debt in 2020 The bottom line Key findings Nearly 1 in 5 cardholders with credit card debt didn’t make any payoff progress this year. 35 percent of cardholders have more credit card debt now than they did on Jan. 1, 2019. On the other hand, 34 percent now have...

Jan 10, 2020

What to Do if You’re Turned Down for a Small Business Credit Card

*Editorial Note : The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership . This article was last updated Sep 03, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website . Your business is up and running. You’re proud of your brand and your product. Then, you get a denial on the small business credit card you’d hoped would help your business move forward. Don’t panic — you can take steps to understand what happened and resolve the issue. In this article: Figure out why you were denied Consider alternative options The bottom line Figure out why you were denied Your personal credit history will be checked when you apply for a business credit card, so this is a good place to start. If your personal FICO Score is below 700, you’ll have fewer...

Nov 22, 2019

Need a New Credit Card for Your Growing Small Business? Here’s How to Decide

Maybe you’ve been running a small business for a while. You might have a small business card that has served its purpose — but you’re not sure if it’s still what you need. How do you make the call whether or not it’s time to upgrade to a different card? In this article: Evaluate your business needs Boost your spending power Travel rewards or cash back? Avoid interest charges with 0% intro APR Get more tools and support from your card The bottom line Evaluate your business needs Before you do anything, evaluate your business needs. Here are some examples of when it’s time to consider upgrading your card: Your current credit card limit isn’t high enough to cover what your business spends each month. You’re looking to earn rewards to offset large purchases or fund future travel. You’re planning a big purchase and need a 0% interest period to pay it off over time. You want more tools and support from your card. Most card issuers offer different levels of business cards, allowing...

Nov 14, 2019