Sentences with phrase «users carry a balance on their credit card»

In general, we don't recommend users carry a balance on their credit card.

Not exact matches

There's a standing myth that says you need to carry a balance on your credit card to improve credit score and show that you are an active credit card user.

Many people don't realize that in addition to charging interest rates on users who carry a balance, credit card companies charge the merchant an additional «interchange fee» (transaction fee) between 2 to 2.5 %.

Similarly, poor credit card habits such as late payments and carrying large balances can have a negative effect on the authorized user.

Unfortunately, many credit card users are not able to utilize these advantages as a result of carrying a monthly balance on their plastic.

Even if half of these were people who didn't need motivation (it doesn't say if these were people who always carried balances or all credit card users — if the latter, some surely paid off their cards every month already), there are still a large percentage who were not motivated by the fact that leaving a balance on a credit card is a bad, bad idea.

According to the most recent Gallup survey, about half of all American credit card users carry a balance on their card some or all of the time.

About two - thirds of American credit card users regularly carry a balance on at least one of their accounts, leading to costly interest charges.