It is imperative to make on-time payments of credit card balances to maintain a good credit history. If not in full, at least the minimum dues should be paid off within the one-month grace period to reduce the damage to your credit profile. Although the ideal condition is not to make any purchases for which repayment is a task for you at the end of the month, not making any an average annual rate in fear of falling into several card issuers offer debt when you own a credit card is bad for your scores too.

A typical credit score will be determined based on certain factors like payment history, debts involved in by an individual, the length of a credit history, new credits and inquiries, credit mixes, etc. If you are a student, then this credit score will be required to qualify you in several ways in the future after graduation like borrowing a home or an auto loan, renting a house, getting a job, etc.

Cash back credit card is an option of getting back a flat percentage of money while using a credit card for purchasing something. If a cardholder uses a credit card for everyday purchases as an alternative to using a debit card or cash, then the credit card company pay back this cash back amount to the cardholder on their total expenditures.

Have you just joined college and are finding it quite challenging to manage the financial aspects of your education? Then it is high time you seriously thought about getting yourself a credit card for college students. There are umpteen benefits of gaining a credit card while you are in college itself.

Currently, there are countless credit cards available in the market, but only one or few are right for you. Credit card companies are competitive and want to be your first preference, but the options offered by them is almost the same. For example, Ally Financial, JPMorgan Chase, U.S. Bank, and Wells Fargo released new cash-back cards in 2016.

Those who live with a credit card debt realize that they suffer from two things. One, the huge principle – the actual amount that was charged for the goods and services on the card. Second, the financial charges that are imposed each month and with each statement cycle, and the daily balance multiplies by one-twelfth of the card’s Annual Percentage Rate (APR).