MoneyWisdom Blog

Are Store Cards Worth It?

Posted by Hanscom Federal Credit Union on Aug 9, 2017 7:30:00 AM

“Would you like to open an account with us today? You will get 15% off on your purchases!”

When you are standing at the cash register at a chain store, it is almost inevitable that the salesperson will make a pitch for you to sign up for a store card. It is easy to be tempted by the discount, but a store card is not a coupon. Before you get one, it is a good idea to consider the following factors:

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Topics: Credit Matters

Are You in Credit Card Crisis?

Posted by MoneyWisdom Newsletter on Apr 11, 2017 4:03:54 PM

Do you get a cold, clammy feeling when you think of your credit card bills? You’re not alone.

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Topics: Credit Matters, Money Management, Credit Card

Should I send my teen to college with a credit card?

Posted by Bill Burpeau on Apr 7, 2017 10:00:00 AM

My daughter is a college student and she has a credit card. She didn’t use it to buy plane tickets or expensive electronic gadgets, just gas, groceries, and a few drugstore items. But it all added up and when the school year ended, she had accrued quite a big balance. She got a full-time summer job and had to apply almost everything she earned toward his bill. Yes she paid it off, but he had almost no money saved for the start of the next school year.

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Topics: Credit Matters

Credit or Debit?

Posted by Josh Paul on Jan 19, 2017 11:53:00 AM











Are you tired of hearing “credit or debit?” when you go to pay for something at a store? I am. I hear it so often, I just automatically say “debit” when asked. I never think about what it actually means. It just seems easier to enter my PIN right when I swipe my card than waiting to sign at the end of the transaction. Crazy, I know, but that’s just me.

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Topics: Credit Matters

Hey! I Didn’t Buy That!

Posted by MaryJo Kurtz on Jan 12, 2017 10:56:00 AM

Have you ever opened your credit card statement or looked at it online and thought “What is that? I didn’t buy that!”

Sometimes you’ll remember a few minutes later — “Oh yeah, I bought that online late one night and I haven’t even received it yet.” But other times, you truly didn’t make the purchase and you may have been a victim of credit card fraud. And that’s when you might start to freak out a little.

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Topics: Credit Matters

Are you using the best credit card for you?

Posted by Bill Burpeau on Sep 13, 2016 10:39:17 AM

A recent J.D. Power study found that consumers are not choosing credit cards that are best aligned with their spending habits. While this is a study to help credit card companies figure out how to get their customers to spend more on their cards, it got me thinking: how do we determine the best credit card for our spending habits? There is no one-size-fits-all credit card. Choosing the right card for you requires some thought about how you use it.

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Topics: Credit Matters

Good credit karma comes from good credit habits.

Posted by Bill Burpeau on Apr 18, 2016 6:00:00 AM

As I've watched TV lately, I've seen many ads by a company called Credit Karma. They believe that access to your credit score should be free. We'd agree with that! Interestingly enough, the word Karma is more important than it seems at first glance too. According to the Merriam Webster Online Dictionary, Karma is: the force created by a person's actions that some people believe causes good or bad things to happen to that person.  This couldn't be more true when it comes to your credit score!

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Topics: Credit Matters

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