How Do Charge Cards Affect My Credit Score?

TPG reader John emailed me to ask about credit scores: “How do charge cards like Amex Platinum affect my debt-to-credit ratio? I know the limit doesn’t show up on my credit report, but what about the balance?” Your debt-to-credit ratio (also known as your utilization ratio) represents the balance on your credit accounts in relation to your total credit line (for each…

How Important Is Maintaining My Credit Utilization Ratio?

TPG reader Richard sent me a message on Facebook to ask about managing his credit score: “My travel has decreased significantly, and I’m thinking about canceling several hotel-branded cards with annual fees. Should I replace them with other cards that have no annual fee in order to maintain a low debt-to-credit ratio?” Your debt-to-credit ratio (also known as your…

10 Reasons You Can Be Denied for a Credit Card and What You Can Do About It

No one likes rejection — least of all when it keeps you from earning a valuable sign-up bonus from a travel rewards card. While there are several circumstances in which you may be denied for a credit card application, there are often ways to appeal that decision, as TPG Contributor Akash Gupta explains below. “After…

Now You Can Check Your FICO Score for Free with Discover

One of the quickest ways to get your feet wet in the points-and-miles hobby is by taking advantage of credit card sign-up bonuses. However, before you can even start thinking about signing up for credit cards, there are some vital pieces of information you need to know and understand about your credit. Identifying your credit score can sometimes…

Capital One Introduces Credit Tool That’s Available to Everyone

Your credit score is one of the most important numbers associated with your name. And with credit cards being one of the easiest and quickest ways to earn points and miles, it’s extremely important that you monitor your credit score and keep it in good standing. Actually obtaining your credit score has been somewhat difficult in…

Which Credit Factor is More Important to My Overall Score?

TPG reader Kevin emailed me to ask about credit scores: I have two conflicting dings on my credit report: a low average age of accounts, and a low number of accounts. If I add more accounts, the average age will go down, so will it help me or hurt me overall? For people without a lengthy credit history, building…

Will My Credit Score Drop If I Don’t Use My Credit Cards?

TPG reader Jon sent me a message on Facebook to ask about managing his credit card portfolio: “Will my credit score be affected if some of my 10+ credit cards go unused? Should I try to make purchases each month, or is it okay to have a continuous $0 balance?” Your credit is a valuable tool, so…

Travel Credit Card Resolutions for 2016

With a new year comes new opportunities to maximize your points and miles … if you’re savvy about the credit cards you carry and their benefits. TPG Special Contributor Eric Rosen shares this handy list of the New Year’s resolutions everyone should consider to maximize their credit cards and the travel rewards they can reap…

The Average American’s Credit Score Is Pretty Terrible

How does your credit stack up to other Americans? A new report indicates that the average credit score across the US is just 604 — pretty poor compared with what’s needed for some of the best rewards cards. There are a few factors associated with your assigned score, such as payment history, but ultimately it seems that the average…