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Which credit card rewards deals are best for you? - That's Rich! Q&A


Which credit card rewards deals are best for you? - That’s Rich! Q&A
Posted May 06, 2021
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That’s Rich! I’m researching available rewards cards, and intend to apply for several, one at a time, about once a month or so. Whatever advice, input, or referral you could give to these ends would be greatly appreciated - Debra, Berea
Debra: Pick a few options that might be a fit. Price out the value of the awards, whether it be cash back, airline miles, hotel points, whatever. Then make sure it’s an award you actually will use. ....

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Is carrying a credit card balance actually a good idea to try to improve your credit rating? - That's Rich!


Is carrying a credit card balance actually a good idea to try to improve your credit rating? - That’s Rich!
Today 6:37 AM
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CLEVELAND, Ohio - If you’ve been intentionally carrying a balance on your credit cards with hope of improving your credit score, you just may be making an expensive decision without getting any closer to your goal.
Count the balance-carry strategy as a giant myth, says Howard Dvorkin, chairman of the personal finance website debt.com.
“There are so many myths out there. And people invent new ones,” Dvorkin said during a recent telephone interview. “The No. 1 myth is the stupidest myth: ‘I should carry a balance on my credit cards so it shows activity.’ That is not going to help you. That is an expensive, expensive way to try to improve your credit. It just doesn’t have any impact on it. ....

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Fields: Tips to help you avoid identity theft


In the 1960’s, a popular notion was the idea of “finding yourself.” These days, with the prevalence of identity theft, it’s safe to say that even if you are unable to find yourself, someone else might!
Consider the numbers. In our country with more than 300 million people, over a billion records containing personal information are leaked each year. With this fact in mind, it shouldn’t be too surprising that identity theft is the No. 1 consumer complaint received by the Federal Trade Commission. While the inconvenience from identity theft is bad enough, the potential financial losses and damage to your credit rating add insult to injury. ....

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