Credit Cards

Learn all about how to use credit cards, find the best credit card for your needs and compare different credit card providers.

Credit Cards Basics

Learn how to use credit cards responsibly.

Letter Templates

Here's our collection of letter templates any credit card owner might find useful at some point.

Credit Card Hardship Letter

Credit Card Authorization Letter

Credit Card Dispute Letter

Latest Articles

11 mins read

Best Credit Cards for Groceries (December 2022)

These are the five best credit cards for groceries, offering high rates of cash back on top of other valuable perks and rewards.

The Best Credit Cards for Bad Credit in December 2022

10 mins read

Best Secured Credit Cards of 2022

18 mins read

OpenSky® Secured Visa® Credit Card Review (2022)

If you need a secured credit card with no credit check then this OpenSky Visa credit card review is for you. Learn how the card works!

Best Credit Cards With No Credit Check in 2022

Credit cards with no credit check are often accessible to people with poor scores or limited credit history. Here are the best options.

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FAQs

How do I increase my credit limit?

There are two ways to increase your credit limit. When you have a good track record, your credit provider usually increases your credit card limit automatically. The second way to increase your credit limit is to ask your lender for one.

Learn more about how to increase your credit limit
What is a secured credit card?

Unlike the traditional credit card, a secured credit card requires you to put down a deposit with the issuer which then serves as your credit limit.

Learn more about how secured credit cards work
Can I use my credit card before filing Chapter 7 bankruptcy?

Taking on debt (credit card or otherwise) with no intention of paying it back is against the law. Whenever you charge something to your credit card, you’re promising to pay those amounts back. If you do so just before filing Chapter 7, it may appear as if you made that promise in bad faith, intending to include those debts in your bankruptcy.

Read more on credit card use before filing for bankruptcy
What is credit card churning?

Credit card churning involves continuously opening up credit cards to get the rewards they offer, then closing them to avoid annual fees. The financial institutions that provide credit cards dislike churning and while they can’t make credit card churning illegal, they often put measures in place to discourage it.

Read up on credit card churning
What is manufactured spending?

Manufactured spending lets you qualify for the introductory spending bonuses on credit cards by buying things you can turn back into cash. You then use that cash to pay your credit card bill.

Learn more about manufactured spending strategies
Does the 15/3 credit card hack work?

Truthfully, the 15/3 credit card payment hack is unnecessary. You won’t benefit from making two payments, so you can use any payment schedule that keeps your utilization ratio between 1% and 10% on your statement date.

Read more about the 15/3 credit hack and how it works

The content on finmasters.com is for educational and informational purposes only and should not be construed as professional financial advice. Finmasters is not a financial institution and does not provide any financial products or services. We strive to provide up-to-date information but make no warranties regarding the accuracy of our information.

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