Believing these common credit card myths could drag down your score. Learn the truth and build your credit the smart way.

A credit card balance is the total amount of money you owe on your account. However, you may not know exactly how card issuers calculate what you owe or whether it's good to carry a balance.

Statement balance vs. current balance: What’s the difference? If you log in to your credit card account online, you might notice that your card issuer lists two different balances that you owe ...

The average credit card debt for a Minnesotan ranges between $5,100 and $7,900, according to multiple sources.

The simplest credit card debt management option I've learned is the balance transfer card. My partner expanded his business — and took on debt Last year, my partner built upon his graphic design ...

You can take advantage of promotional interest rates to transfer a credit card's balance to a new credit card. Balance transfers give you the opportunity to pay down debt.

For example, let's say you have a credit card with a $1,000 credit limit. If you have a $500 balance, your utilization ratio is 50% (500/1,000), which is too high. The golden rule for credit scores?

Bank of America® Customized Cash Rewards Credit Card. Get a 15-month 0% introductory APR on purchases as well as balance transfers in the first 60 days; after that, APR is 18.24% to 28.24%, based ...

If your credit card balance is zero at the time of your refund, your balance will be -$75. Another reason for a negative balance is if you earn a statement credit after you’ve paid your balance.

For example, if you have a zero balance, your credit card issuer will give your credit limit a temporary increase. So, if you have a limit of $5,000 and receive a statement credit for $170, your ...