What is a Balance Transfer Card?

Choosing a credit card is tough enough with the seemingly endless variety of banks to choose from, but with the addition of different types of cards (rewards, balance transfer, debit, etc), selecting the right credit card for you can be a head spinning endeavor. Fortunately, at eCreditCards.com, we’re here to help you sort through all of your options. For today’s credit card tutorial, we’ll be filling you in on balance transfer cards: what they are, how they work, and if they’re right for you.   What is a balance transfer card? The Blue Cash Everyday … Continue reading

When Should I Use a Credit Card over Other Forms of Payment?

While personal finance experts seem to spend a lot of time trying to dissuade the American public from using credit cards, they can actually be quite beneficial if used correctly. Although many abuse credit cards and put themselves into deep debt, the following are some instances when and reasons why credit should be used as opposed to other forms of payment. Financial Safety Paying with a credit card instead of a debit card makes it easier to protect yourself against fraud. When a debit card is used for fraudulent charges, the money is missing from … Continue reading

What Affects Your Credit Score?

In order to make the most of your credit score, it is important to know how your credit score is calculated. In 2009, dramatic changes were made to what makes up a credit score. While one’s credit score is a multi-faceted number which can be affected by a variety of things, the following are the five major components of what makes up your credit score, followed by some tips and tricks on how you can boost your credit score and recover from past financial mistakes which could otherwise negatively impact your future.   Payment History: … Continue reading

Canada.eCreditCards.com Presents the Comprehensive Credit Card Guide

Credit cards can be confusing, especially if you’re applying for your first card. You might be wondering: what are the different types of cards, and what exactly is a credit score? To learn more about credit cards and how to better manage your finances, we’ve compiled the following information about the types of credit cards offered at eCreditCards.com. Low Interest Credit Cards: Low interest credit cards are credit cards that have low interest fees and are usually offered to those with excellent credit history. Interest is the amount you are charged while you have money … Continue reading

What You Should Know about Credit Scores

Your credit score isn’t just a three-digit number. It’s not an identification number. And it is certainly important. In the past, those with poor credit scores have been denied credit card approvals and home loans, which negatively affected the future dreams and goals of those with poor credit scores. What determines my credit score? Five different categories of your credit report are taken into consideration for a credit score. Statistics about payment history, amounts owed, length of credit history, types of credit used, and pursuit of new credit are computed using a special mathematical algorithm. … Continue reading