Choice Hotels began to push upmarket when it debuted the Cambria brand in 2005. The hotel franchisor lacked upscale expertise, as it had been best known for midscale brands, such as Quality Inn and Comfort Inn, and economy brands, like Rodeway Inn.
16.09.2024 - 17:17 / thepointsguy.com
Whether you're planning out the perfect rewards credit card to apply for next or you're preparing to buy your first home, having good credit matters.
The condition of your credit score can mean the difference between qualifying for financing or having a lender deny your application. Your credit could also determine whether you can receive affordable interest rates and attractive financing offers or whether you have to pay more to borrow money.
Good credit can work to your advantage, while bad credit (or no credit) could hold you back. So, you'll want to do everything in your power to figure out how to build credit and maintain a good credit score.
The guide below provides six solid tips on the best ways to build credit. You'll also learn about a few credit mistakes you should try to avoid along the way.
Before you apply for new credit, even as a beginner, it's smart to review your credit reports from all three major credit bureaus. You might believe that your credit reports with Equifax, TransUnion, and Experian are blank slates. But it's critical to confirm there are no surprises before you allow a lender or credit card company to check your credit report and score as part of an application for financing.
You can get a free copy of each of your credit reports once every week. To claim this freebie, visit AnnualCreditReport.com.
Next, go over each report in detail. Look for errors, questionable information and red flags. If you discover credit report errors, you can dispute them with the appropriate credit reporting agency. If your reports show signs of potential fraud or identity theft, you may need to take additional actions as well.
Related: How to check your credit score for free
Even if you haven't applied for traditional credit in your own name, you might already have certain monthly payment obligations. Are you responsible for a monthly utility bill, mobile phone bill, rent payment or even a subscription service? If so, you might be able to add some of that positive payment history to one or more of your credit reports.
Credit bureaus won't allow you to self report accounts on your own as a consumer. However, there are third-party services that can scan your bank account and credit card statements for any payment history on certain types of bills. If these services discover eligible accounts, they can share the account information with one or more of the credit bureaus. As a result, you might wind up with some positive accounts (also known as tradelines) on your credit report.
Some examples of services that might help you add eligible utility bills, rent payments or other types of accounts to some of your credit reports are:
When you're ready to start building traditional credit, it can be
Choice Hotels began to push upmarket when it debuted the Cambria brand in 2005. The hotel franchisor lacked upscale expertise, as it had been best known for midscale brands, such as Quality Inn and Comfort Inn, and economy brands, like Rodeway Inn.
If you own and operate a small business, you're probably familiar with business credit cards. But if your company is really on the up-and-up, you might want to start looking into corporate credit cards.
It's that time of year again: Time to use any credits that will expire at the end of the year, plan any last mileage runs or mattress runs for elite status and start thinking about your points-and-miles strategy for next year. It's also a good time to see what loyalty program and credit card changes are happening next year.
The holidays are an expensive time of year — especially if you're hoping to travel to visit loved ones or head out on a peak-season vacation.
Chances are you have a credit card that offers some type of travel insurance or trip protection. This could be for benefits like trip delay reimbursement or lost luggage insurance. With these protections, purchasing a travel insurance policy may seem unnecessary.
Not long ago, I was at Home Depot with my mom, grabbing a few things she needed, like lightbulbs and air filters. A friendly employee wearing the store's iconic orange apron greeted us.
When you first see it, the term "negative balance" can make you think you made a mistake, like forgetting to pay your credit card balance. However, a negative balance on your credit card is actually a good thing because it means the bank owes you money instead of the other way around.
There's nothing like being asked to be a part of someone's special day. Whether it's via a thoughtful gift box or an excited phone call, when a sibling or close friend asks you to be in their wedding party, you're almost certainly going to say yes.
Taylor Swift's "The Eras Tour" returns to the U.S. next month, and while I'm no Swiftie, I have a 9-year-old daughter who's a massive fan. I may not be able to belt out the lyrics to many of her songs, but I do have a ton of experience leveraging my travel credit cards and knowledge of points and miles to make memories with my family.
Few films drive home travel’s ability to help us understand one another as poignantly as Will & Harper. When Will Ferrell’s longtime friend and Saturday Night Live collaborator Harper Steele comes out as a trans woman, the two set off on a road trip from New York to Los Angeles to better understand her transition and, in turn, their friendship. “I love this country so much,” Harper says. “I just don’t know if it loves me back right now.” Over 17 days, a three-vehicle crew followed the pair and, with mounts on Harper’s Jeep and car-to-car shooting, captured 240 hours of footage. Here, director Josh Greenbaum reflects on the places that moved him and on navigating the country in a new light.
Virgin Red, a popular British loyalty program that offers flights, cruises, and hotels, has launched its first-ever credit card for U.S. travelers.
If you feel like life is more expensive right now, you aren't wrong. Inflation has risen and softened, yet the prices of everyday items continue to stay high.