Money 911
Look at CardRatings.com or CreditKarma.com or Bankrate.com. All of those are great websites to get good information about credit cards.
Look at CardRatings.com or CreditKarma.com or Bankrate.com. All of those are great websites to get good information about credit cards.
Issuers will up their credit card rewards to pull users away from less profitable debit cards, says Ken Lin of CreditKarma, a credit scoring and comparison site. As consumers move out of full-recession mentality and shop more, they'll find themselves reaching for credit cards more, he says.
U.S. consumers’ average credit score was 661 in November, down from 667 in January and 676 in February 2009, according to scores in the user base of Credit Karma Inc., which also offers free scores through its website. Credit scores generally range from 300 to 850, though that may vary depending on the provider.
Trying to improve your credit can seem impossible when lenders are fearful and you're strapped for excess cash. But don't give up hope. "Focus on where you are right now and do what you can with what you have," said Justine Rivero, a credit advisor with Creditkarma.com.
New Yorkers are losing their appetite for credit card debt faster than the rest of the country. That’s according to the latest report from CreditKarma.com, which says declining card debt is part of a nationwide trend.
Based on data compiled by Credit Karma, there is a correlation between age and average credit scores, with scores rising along with age.
Consumers who are struggling to manage debt and have impaired credit histories likely won't be able to tap these offers. In fact, applying for one without the right credit profile could even hurt your credit score -- you get dinged when you're declined for a new card. (One tool for finding a good match between your credit score and available card offers is with the card statistics search engine at CreditKarma.com.)
Many Americans may be unaware that their social media conversations and posts are providing banks and lenders with a treasure trove of information. In fact, a growing number of banks and lenders are currently building a data repository – collecting, storing and analyzing data – in the hopes that one day it could help them determine your potential credit risk and also tailor marketing directly to you.
“There’s a tipping point where annual fees make sense,” Ken Lin, CEO of CreditKarma.com, says. He explains that credit card issuers typically profit through interchange fees charged to merchants or through the annual percentage rates (APRs) of interest applied to balances.
You fill out a credit card application, but how certain are you that you’ll be approved for a new card? A new online tool from CreditKarma.com aims to take the guesswork out of that process.