Credit Cards

APR is your standard annual percentage rate. Introductory APR is a promotional rate offered for a limited time (often 6-21 months) on purchases or balance transfers. After the promotional period ends, your APR reverts to the regular rate.

Approval requirements vary by card issuer. Premium reward cards typically require scores of 700+. Mid-tier cards may accept 650-700. Secured or beginner cards often approve scores below 650. Use our comparison tool to find cards matching your credit profile.

You earn rewards or cash back for every dollar spent. Cash back is credited as statement credit or can be redeemed. Rewards points can be redeemed for travel, merchandise, or transferred to partners. Earning rates vary by category (dining, travel, groceries, etc.).

Yes, each application triggers a hard inquiry, which may lower your score by 5-10 points. However, these inquiries are usually removed after 12 months. Multiple inquiries within 45 days typically count as one for credit score purposes.

A sign-up bonus is a reward offer given when you open a card and meet spending requirements. Typically, you need to spend $500-$5,000 within 3-6 months. Bonuses can range from cash back to thousands in points or miles.

Pay your full balance monthly to avoid interest charges, keep your utilization below 30%, make payments on time, and only charge what you can afford. Track rewards to ensure you're maximizing value and monitor your account for fraud.