Credit Cards

 A credit score is an important aspect of your financial life, determining whether you can get loans, credit cards, or even secure favorable terms for mortgages and rentals. If your credit score is low or if you have little to no credit history, using a secured credit card can be one of the most effective ways to build or improve it. What is a Secured Credit Card? A secured credit card is a type of credit card that requires you to make a deposit as collateral. The deposit usually acts as your credit limit. For example, if you deposit $500, your credit limit will also be $500. The deposit minimizes the risk to the lender, making it easier for people with no credit history or bad credit to get approved. Unlike a debit card, where you use your own money to pay for things directly, a secured card works like a traditional credit card. You borrow money by making purchases and then repay it. By using a secured card responsibly, you can gradually improve your credit score over time. How Se

When it comes to selecting the right cashback credit card, it can be challenging with so many options available. The key to finding the best card for you is to understand your spending habits and how each card rewards you for those purchases. In this article, we'll break down everything you need to know about cashback cards, including how they work, top cards on the market, and tips on maximizing rewards. Understanding Different Cashback Structures Cashback credit cards reward you with a percentage of your spending as cash, which you can later redeem. There are different cashback structures you should be aware of: Flat-Rate Cashback Cards : These cards give you the same cashback percentage on all purchases. For example, the Citi® Double Cash Card offers 2% cashback on all purchases (1% when you buy and another 1% when you pay the bill). Tiered Cashback Cards : These cards offer different cashback percentages depending on the category. For example, a card might give 3% cashback o