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

10 mins read

Best Online Store Credit Cards With Guaranteed Approval in 2022

If you want a true online store credit card with guaranteed approval in 2022 then read this post, we compare the best store cards side by side.

How to Choose a Rewards Credit Card

9 mins read

Best Credit Cards for Poor Credit (450 To 579 Credit Score)

9 mins read

Best Credit Cards for Very Poor Credit (300 To 449 Credit Score)

You can get credit cards for very poor credit. Secured credit cards are your best option. We look at how they work and some top picks.

Best Secured Credit Cards of 2022

Secured credit cards are a great way to build or re-build your credit score. Find out which ones are the best secured credit cards of 2022.

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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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