Credit Cards

Best Credit Cards

There are many credit cards to choose from. The best credit cards have low interest rates and generous rewards. Make sure you’re making the most of your credit card. Find the best credit cards here.

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Interest Rates

Sometimes you want a high interest rate; sometimes you want a low interest rate. Find out when you can make interest rates work for you — such as in a high-yield savings account — and know when to be cautious of APRs.

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Credit

Building credit gives you the financial freedom to get a mortgage, buy a car and make other large purchases, but good credit doesn’t happen overnight. Find out what good credit is and how to get it.

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Debt

There’s good debt and then there’s bad debt. Learn the difference between the two and find out how to take control of the bad debt that’s plaguing your bank account. GOBankingRates provides expert advice on paying it off for good.

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Understanding Credit Cards

A credit card can be a helpful financial tool when you use it responsibly, or it can lead to overwhelming debt when you abuse it. Credit cards are great for building credit, handling big expenses and earning rewards, but it's important to pay the balance in full and on time, or you'll face interest charges and fees. Finding the best offers can help you keep your balance under control, which is essential to making a credit card helpful, not harmful, to your financial situation.

Average interest rates tend to fluctuate over time, but generally range anywhere between 13 percent and 23 percent, depending on your FICO score, so having very good — or very bad — credit can make a big difference.

Many credit card companies also offer generous rewards in the form of points, cash back or airline miles. Be sure to compare many offers from a variety of companies before making a decision.