Steven Dashiell

3 weeks ago | bankrate.com | Erica Sandberg |Steven Dashiell |Steve Dashiell

Adding authorized users to your business credit card account can make it easier for your business to complete purchases, earn rewards and improve bookkeeping. You can often set individual spending limits for your employee cards, which helps protect you from rogue spending. It’s usually simple to add or remove authorized users from your small business credit card account as needed. Nearly all credit card issuers offer the option to add authorized users to a credit card account.

2 months ago | bankrate.com | Jacqueline DeMarco |Steven Dashiell |Steve Dashiell

PeopleImages/Getty Images Paying your card bills on time can help keep your credit healthy and prevent you from incurring late payment fees on your account. Paying your statement balance in full each month will let you sidestep the possibility of interest charges on your account. Paying earlier than your due date can have a few benefits, like lowering your credit utilization ratio and reducing any compound interest you might accrue.

2 months ago | bankrate.com | Steven Dashiell |Steve Dashiell

Your credit utilization ratio is expressed as a percentage and determined by taking the amount you owe on a credit card and dividing it by your credit limit. If you currently owe $5,000 across total credit limits of $10,000, this means you have a total credit utilization ratio of 50 percent. Most experts recommend keeping this ratio below 30 percent for the best results for your score, but keeping it lower than that can be an even better idea.

2 months ago | bankrate.com | Steven Dashiell |Steve Dashiell

While credit card interest rates have fallen recently, rates are still relatively high, with the average rate at 20.13 percent as of February 2025. This level of interest means that not paying your balance in full will result in larger interest charges each month, which can make paying down your debt more difficult. To break free of the credit card debt cycle, you have to pay off the debt you have while also avoiding new debts.

2 months ago | bankrate.com | Raychelle Heath |Steven Dashiell |Steve Dashiell

Credit card skimmers are devices thieves install onto credit card readers that can read and steal your credit card data. You can physically and visually detect the presence of a credit card skimmer if you know what to look for. Certain mobile apps can also help you detect them.