The Wall Street Journal recently published an article that discussed the work of Jan-Emmanuel De Neve and James Fowler (London School of Economics and University of California, San Diego, researchers). De Neve and Fowler conducted a study that focused on finding a “debt gene” within certain people. The two researchers discovered that people who have one low MAOA gene and one high MAOA gene tend to have a larger amount of debt (8 to 16 percent more than most people).
The study included 2,000 participants aged 18 to 26. By studying each participant’s genetic information in conjunction with the amount of credit card debt that each individual had, researchers were able to discover that the MAOA gene had a direct impact on each person’s debt ratio. Of cour
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There are a number of reasons why a person should consider selecting from secured credit card offers. They prove to be a great way to learn about how credit works, and give you a line of credit that can help establish or improve your current credit score.
Unlike a traditional credit card, the amount of money you have for purchases is based on the money you have placed inside of a secure account. For example, if you have $500 in the account, you can borrow up to $500.
In some cases if you pay on time and don’t go over the limit, your credit card may become partially secured, or your entire deposit might be refunded to you according to your bank’s policies.
When you are looking at the different secured credit card offers that are available, you must consider all the fees and interest that are associated with these cards. Sin
If you are in the market for a credit card, you will want to know what the best credit card rewards are and where you can find them. This is one of the questions heard all the time from those who are looking for credit cards.
They see all the offers for credit cards and the incentives they offer as well, but when it comes to choosing the one with the best rewards, they may be a little confused.
When looking for credit cards, the rewards are naturally one of the considerations because there are so many available today. From the cash back incentives to 0% APR to frequent flyer miles, a little of everything is offered.
There are even applications for credit cards included in the requirements of certain companies to claim prizes such as big screen TVs and computers as well as others.
While this may sound tempting, do not let it be the only reason you apply for a credit card.
If you are planning on applying for credit, a cash rebate credit card will be an advantage that you should check into. The beneficial aspects of getting money back from purchases made using a credit card are enjoyed by many.
When you sign up for a cash back card, the amount you are eligible to receive is explained in the agreement you sign. The typical amount is 1% although there are some that go even higher.
Some cards offer as much as 20% on certain things you buy. If you can get a credit card that offers different percentages for the purchases you typically make, this would be one you want. For example, a credit card may offer 5% cash back on purchases made online or 2% cash back on purchases of groceries. Of course, there are other aspects to consider such as the APR.
Did you know that StudentPlatinum has a credit education center with over 15 articles on various credit and student credit topics?
We’ve done the legwork to make sure the information presented to you is accurate, practical and useful for everyday life. No deceptive practices, no sketchy content.
Here are some of our users’ favorite articles:
- How to Manage Your Money – http://www.studentplatinum.com/credit-education/manage-your-money.php
- What is APR? (Annual Percentage Rate) – http://www.studentplatinum.com/credit-education/what-is-apr-annual-percentage-rate.php
- All About Being a Co-signer – http://www.studentplatinum.com/credit-education/being-a-cosigner.php
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A cash back reward credit card is designed to allow you to get cash back as a reward for using a certain credit card company’s card. However, as is usually the case with a deal that seems to be too good to be true these cards may not save you as much as you think, unless you know what to look for when deciding which of these cash back cards to choose. Here are some features you want your new cash back card to have.
No Spending Limit
Some cash back cards have high threshold limits, meaning you have to spend a certain high dollar amount with your credit card before you can even begin to start getting cash back points. Look for a cash back reward credit card that has a very low threshold limit or none at all. That way you can start earning those cash back points sooner.
No Annual Fees
You also want to find a cash back card that doesn’t charge an annual fee. Pay
0 credit card offers are one of the hottest new ways that credit card companies use to get your business and people seeing that 0% interest leap at the opportunity to pay less in interest rates only to discover somewhere down the road they are actually paying more than they were with their old credit cards.
While it is easy to blame the credit card company for suckering you in the fact is that usually it is the credit card holder who is at fault for not reading the fine print that is written in the conditions for obtaining and using this card.
Tired of paying more in interest than on the principal they leap at the opportunity to pay down these debts fast by not having to pay any interest, not taking the time to understand exactly what they are getting themselves into.