If they don't let you do it, that may be a warning sign and you may want to go somewhere else.
I wouldn't panic just because interest rates go up a quarter point, You should review your finances and see if there are areas I can cut back, areas I don't use.
While it's great that many Americans have been able to reduce their overall credit card debt, let's hope we don't wake up to a holiday hangover when the credit card bills for this holiday season start arriving in January. If consumers used credit for their holiday purchases this year, they might erase any progress they have made toward paying down their debt.
If you're opening a card and then paying it off and closing it, that's not really building a credit history for you.
Who wants to be out with your friends or business clients and have that happen -- 'Do you have another card, sir? ' You feel like a loser -- when it can be completely beyond your control.
The UK has adopted the American habit of credit with vigor, and consequently consumers are rapidly getting in over their heads.
When it comes to credit, one lesson people have never learned worldwide is simply because somebody extends credit to you has nothing to do with your ability to afford it.
You should expect that at some time you're going to have a credit card rejected.
The problem is, they're variable.
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