Person sitting on floor with legs crossed and papers scattered on floor

How to Build Credit at 18

Article Summary: You can build up your credit score even at a young age by becoming an authorized user or getting a secured credit card or credit builder loan. However, you can’t get a great score just by opening accounts. You’ll have to continue building your credit by making timely payments and maintaining a balanced […]

Typing with credit card

What Is Available Credit?

Article Summary Available credit is different than your credit limit. It consists of the amount left to spend on your credit card (or cards) after you subtract the balance, and it is a key factor in determining your FICO credit score. You should try to maintain a high percentage of available credit in order to […]

Person holding a metal credit card with a pair of scissors at the edge of the card

Article Summary: Metal credit cards are practically indestructible. Hey, that’s one of the reasons they are so popular. But when it’s expired or you’re getting a replacement card, metal cards can be a pain to destroy. Giving the old card to your branch or cutting it with the proper tools are some of the best […]

mastercard on top of visa card on top of wallet with some cash

Article Summary: A balance transfer is the transfer of debt owed on a credit card or loan to another line of credit. Usually, balance transfers only make sense if you transfer a balance from a higher interest rate to a lower one. It can take up to six weeks for your debt balance to transfer […]

A man typing on a keyboard while holding a credit card in his other hand

Article Summary: Changing the name on your credit cards is no big deal, but because each credit card issuer has a different process for making the name change, it can take some time. Plus, the whole name change process in general can be somewhat lengthy. For instance, you probably won’t be allowed to change the […]

Woman holding a credit card looking upset at a laptop screen

What is Swiping Scamming?

Article Summary: Card swiping scamming, also known as card skimming, is a common way that thieves steal your card information. This occurs when you swipe your debit card or credit card through a skimming device and it captures your card’s information. These are typically attached to a legitimate card reader at an ATM, gas station, […]

Woman holding a credit card and coffee cup looking at a laptop

What is a Reference Number?

Article Summary: A reference number is a unique set of numbers and/or letters assigned to a transaction. Reference numbers are used by financial institutions for all types of services, such as credit or debit transactions and wire transfers. This number may also be referred to as a confirmation number — such as for travel arrangements […]

generic illustration of debit card and credit use

Article Summary: A NetSpend prepaid debit card is a reloadable and prepaid card that allows you to complete transactions without a bank account. NetSpend offers prepaid MasterCard and Visa debit cards, and all cards are insured by the FDIC. Someone can send money to your NetSpend card via direct deposit, through a PayPal account, or […]

Man sitting at a table holding documents and looking at computer screen

Article Summary: A billing statement is a listing of the transactions made on an account during a period of time, usually a month. In the case of credit cards, it outlines a user’s spending activity over the previous month. This statement clearly lists the user’s minimum required payment, any rewards earned, any interest fees charged, […]