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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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How to Choose a Student Credit Card

By Len Penzo

For younger people who are just getting started in life, a student credit card is a terrific way to help establish a positive credit history. The most important consideration in choosing the best one for you depends on how you plan to use it. Here's ...

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Leave a Comment June 12, 2025

How Do Credit Card Charges Work?

By Len Penzo

A question we often get here is, "How do credit card charges work?" The fact is, credit card companies make money by charging their customers interest on their monthly account balances. They also earn money from fees and other charges. The good news ...

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5 Comments May 29, 2025

How Can I Pay Off My Credit Card Debt?

By Len Penzo

It's no secret that financially-strapped people often wonder: How can I pay off my credit card debt? But do you ever wonder why you should you quickly repair your debt problems? Because credit card interest rates can be as much as 20% or more, it's ...

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May 15, 2025

Millennials Aren’t Using Credit Cards, But Experts Think They Should

By Corazon Gritar

Seven in ten Americans have at least a single credit card in their name. Often times they have more, but most have at least one. However, this doesn't apply to all generations equally, and once again millennials are the exception to the rule; ...

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May 6, 2025

How Should I Choose a Credit Card?

By Len Penzo

It's only natural to wonder: "How should I choose a credit card?" That's because not all credit cards are created equal. In fact, when choosing a card, you'll quickly discover that there are hundreds of options for you to choose from so it makes ...

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May 1, 2025

What Is a Credit Card?

By Len Penzo

What is a credit card? They're a tool that allows people to borrow money from their bank or a financial institution for the purchase of consumer goods and services. Because almost all businesses accept credit cards, there is virtually no limit to ...

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April 17, 2025

Car Accident Procedures Involving Tourist Drivers

By Sabado Domingo

In Texas, unsafe lane changes contributed to approximately 8% of car accidents last year, underscoring the complexities that can arise in collisions, particularly those involving tourists who may be unfamiliar with local driving conditions and ...

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June 25, 2024

How to Use Credit Card Chargebacks to Get Refunds from Stubborn Vendors

By Anum Yoon

Not every merchant goes by the mantra, "The customer is always right." Therefore, even if you've received a fraudulent charge or want to return a piece of merchandise, they may not let you -- and you may not get your money back. Fortunately, credit ...

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August 15, 2023

What Is a Balance Transfer Credit Card?

By Len Penzo

Balance transfer cards are specifically targeted for those who are looking to consolidate debts spread across multiple credit cards by transferring them to a single credit card account. Best of all, you can transfer balances from gas, store and other ...

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May 6, 2021

How Do I Choose the Best Balance Transfer Credit Card?

By Len Penzo

A balance transfer credit card is a great way to consolidate debts spread across multiple credit cards by transferring them to a single credit card account. The most important consideration in choosing the best one for you depends on how you plan to ...

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February 12, 2021

What is a Rewards Credit Card?

By Len Penzo

A rewards credit card is specifically targeted at people who want a bonus in exchange for using the card; so the more you purchase, the more rewards you earn. Common rewards include: Cash dividends. With these cards, for every dollar you spend, ...

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December 31, 2020

What Is a Student Credit Card?

By Len Penzo

Student credit cards are specifically targeted at younger people who want to build their credit. These cards usually have higher interest rates than other cards because the people who use them have a limited credit history. Even so, by law, all ...

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December 17, 2020

How Do I Choose the Best Rewards Credit Card?

By Len Penzo

A rewards credit card is specifically targeted at people who want a bonus in exchange for using the card; so the more you purchase, the more rewards you earn! There is no magic to selecting the right reward cards. In fact, it basically comes down ...

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December 2, 2020

How Do I Choose the Best Secured Credit Card?

By Len Penzo

Not all secured credit cards are created equal. So how can you determine which one is best for you? Here are the most important considerations: Credit reporting. Since the biggest reason for getting a secured credit card is to establish or rebuild ...

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November 19, 2020

How Do I Choose the Best Cash-Back Credit Card?

By Len Penzo

A cash-back rewards card pays you money for every purchase you make so you'll want to make sure you maximize your dividends by using the following strategies: Compare interest rates and annual fees. Rewards cards typically have higher APRs than ...

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November 12, 2020

How Do I Choose the Best Prepaid Credit Card?

By Len Penzo

Not all prepaid cards are created equal. So how can you determine which card is the best one for you? Here are the most important considerations: Usage. The first order of business is to identify exactly how you intend to use the card. For ...

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November 4, 2020

What Is a Prepaid Credit Card?

By Len Penzo

A prepaid card offers an easy way for people who want to buy things using plastic -- but without the need for a bank account or credit card. In fact, they're used exactly like a normal credit card, but they rely on funds that are preloaded by you, ...

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October 28, 2020

Prepaid vs. Secured Credit Cards: What’s the Difference?

By Len Penzo

On the surface, prepaid and secured cards look a lot alike, but there are two key differences that you need to be aware of: Credit reporting. Unlike prepaid cards, secured credit cards are primarily used to help people build credit. That's because ...

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October 21, 2020

What Can I Do to Improve a Low Credit Score?

By Len Penzo

A low credit score can affect your life in more ways than you might think -- which is why it's important to maintain the highest score possible. If your credit score is less than optimal, here are the most effective ways to help you increase that ...

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October 15, 2020

How Does a Secured Credit Card Work?

By Len Penzo

Secured credit cards are primarily used to help people build credit. Like any other regular credit card, a secured credit card comes with a credit line; as such, any payment activity is reported to the major credit bureaus. However, unlike a typical ...

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October 12, 2020

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