India’s digital revolution is pushing credit cards out of the arena

India’s digital revolution is pushing credit cards out of the arena

A decade ago, India’s share of cash transactions by value was close to 70% – among the highest in the world and just behind Russia and Indonesia. The US was at 20%, the UK at 11% and some countries were in the lower single digits. The card business made a lot of sense because it … Read more

Amex and Bread Financial Announce New 2% Cash Back Credit Card

Amex and Bread Financial Announce New 2% Cash Back Credit Card

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. American Express and Bread Financial™ have created a new cash back credit card: the Bread Cashback™ … Read more

I’m 62 with $100,000 in student loans and $13,000 in credit card debt. What can I do?

I’m 62 with 0,000 in student loans and ,000 in credit card debt.  What can I do?

How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency. I am an employee and I do not have the possibility of working overtime. I only have every other weekend where I could work overtime. I have serious medical issues with huge medical bills … Read more

Here’s why your credit score matters and how to improve it

Here’s why your credit score matters and how to improve it

Pictures of people | Istock | Getty Images In just a few months, mortgage rates have gone from just over 3% for a 30-year fixed loan to just north of 5%. As potential buyers keep track of these numbers, there may be one thing they’re forgetting: their credit score. The three-digit number has a big … Read more

What is a personal line of credit?

What is a personal line of credit?

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Wells Fargo began notifying consumers this week that they would be phasing out their personal line … Read more

Small businesses will feel the pressure of rising interest rates – here’s what to expect

Small businesses will feel the pressure of rising interest rates – here’s what to expect

This article is reproduced with permission from NerdWallet. The Federal Reserve raised interest rates by 0.25% on Wednesday March 16 – the first rate increase since 2018 – and indicated that it would gradually raise rates throughout 2022. Small business owners could feel the impact of these rate increases with more expensive loans, higher credit … Read more

credit card: 6 reasons why you should get a credit card as soon as you start working

credit card: 6 reasons why you should get a credit card as soon as you start working

Getting a credit card at the very first opportunity is a dream that many young adults carry throughout their college lives. Their first job gives them the necessary eligibility to apply for a credit card. However, debt being a double-edged sword that can potentially jeopardize their financial life at the very beginning, a conservative approach … Read more

Which debt should I pay off first? | Credit card

Which debt should I pay off first?  |  Credit card

If you’re in the unfortunate position of trying to decide which debt to pay off first, I know it’s stressful. It’s easy to feel like you’ll never have sanity again. But you can control your debt and start reducing your balances. The key is to prioritize your debts and pay them off in the most … Read more

42% of Americans increased their credit card debt during Covid-19

42% of Americans increased their credit card debt during Covid-19

Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now a survey shows exactly where many of them are feeling the pinch – their credit card balances. Bankrate.com finds that 42% of American adults with credit card debt have increased their balances since the start of the Covid-19 pandemic in March 2020. Of … Read more