What Citi Just Told the SEC About the Real Cost of Your Card Rewards
Citi’s own SEC filing shows the fee side of its card business ran $663 million in the red this quarter. Here’s what that means for how you use your card.
Credit Card Rewards
63% of Americans Want Lower Credit Card Rates Over Rewards — Here’s Why They’re Right
A Groundwork Collaborative poll finds 63% of Americans prefer a 10% credit card interest rate cap over keeping rewards programs. With 49% of cardholders carrying balances monthly, the math shows why they’re making the right call.
Credit Card Use Without Debt: Is It Legit?
Quick Answer: Yes, using credit cards without accumulating debt is possible through disciplined spending habits and immediate payment strategies. The average U.S. household carries $16,000 in credit card debt at 29% APR, but successful debt-free cardholders treat credit cards as payment tools rather than borrowing mechanisms.Nobody dreams of waking up buried under 29% APR and …
Credit Card Debt: What It Means and What to Do
Steve Rhode explains how to use credit cards to get free travel and perks without paying interest. He debunks the ‘credit cards are evil’ myth and shares…
Credit Card Rewards: What They Mean and What to Do
Quick Answer: Credit card rewards can earn up to 5% back on purchases, but chasing rewards often leads to overspending and debt that costs more than any rewards earned. The biggest traps include going into debt for rewards and overspending to meet sign-up bonus thresholds that require thousands in purchases.There is a lot to like …
Credit Card Rewards and IRA Limits: What to Know
Quick Answer: Credit card rewards automatically deposited into IRAs can cause accidental overcontributions beyond the $5,500 annual limit ($6,500 if 50+). Excess contributions must be withdrawn with earnings by tax deadline or incur a 6% penalty that continues until corrected.What could be more painless than saving for retirement by having cash-back rewards automatically swept into …
