Does My Chase Plan Lower Balance?- The Absolute Truth In 2024

Does My Chase Plan Lower Balance

No, my chase plan does not lower the balance. Your Balance remains the same, you just don’t need to pay any interest for a particular purchase with my Chase plan.   In a hurry?Listen to this audio summary Planning on purchasing something big with your case card or thinking about using the My Chase plan?  Hold … Read more

Account Closed By Credit Grantor- Meaning, Reasons, Solve In 2024

Account Closed By Credit Grantor

Account Closed By Credit Grantor indicates that your credit issuer has closed your account with or without your permission. Both parties may be liable for this.   In a hurry?Listen to this audio summary Did “Account Closed By Credit Grantor” appear on your credit report? But you don’t know the reason?  Well, this post can help. … Read more

Interest Saving Balance Vs Statement Balance- An In-Depth Comparison In 2024

Interest Saving Balance Vs Statement Balance

The statement balance is the total amount you owe to your credit grantor while the interest-saving balance is the amount you can pay to avoid interest on the balance.  In a hurry?Listen to this audio summary Do you have a Chase or Amazon credit card? Then you must have heard about Interest Saving Balance a … Read more

Maxing Out Credit Card- Everything you Need To Do To Solve It In 2024

Maxing Out Credit Card

Maxing out credit card can eventually lead to a low credit score, credit limit fee, high interest, and high minimum payment. Paying the full balance right away might be a solution to this.  Do you have an overspending habit or Are trying to get a credit card?  Then this post is a must-read for you. … Read more

What Is A Grace Period On A Credit Card?-Avoid Purchase APR In 2024

What Is A Grace Period On A Credit Card

A grace period is the span of time when your credit card company won’t charge any interest on new purchases. It is usually the time between the end of a billing cycle and the payment due date.  Tired of paying high interest on your credit card?  Well, a credit card grace period can help you. … Read more

What Is A Billing Cycle?- Simply Explained With Examples 

What Is A Billing Cycle

A billing cycle is the time frame between your last statement’s closing date and the current statement’s closing date. It is also known as the statement period and generally lasts between 21-55 days depending on the product or service.   Credit cards are great financial tools if you understand them properly. To understand credit cards you … Read more

What Is Interest Saving Balance?- Simply Explained In 2024

What Is Interest Saving Balance

Interest saving balance is the minimum amount your credit card issuer charges you so that you can avoid paying interest on the balance of your credit card. Moreover, if you pay your interest saving balance then you don’t have to pay interest on new purchases until the due date.   Credit cards are great personal finance … Read more

What Is A Credit Grantor- Explained with Examples

what is a credit grantor

A credit grantor is a person or institution that grants you credit. A credit grantor can be a credit card issuer, a financial institution, or a company that grants you some sort of credit. In a hurry?Listen to this audio summary However, don’t worry. Because as a financial advisor, I have helped a lot of … Read more

Does Debit Card Affect Credit Score?- Simply Answered In 2024

Does Debit Card Affect Credit Score

No, debit cards do not directly affect your credit score. However, not paying debit card overdrafts can harm your credit score, and only using a debit card can lead you to not building a credit history. Credit scores can be complicated and there is much confusion related to them. One such confusion is, does debit … Read more