Education

Most consumers know they have a credit score and have at least a vague idea of what it’s used for. Few of us, however, are familiar with the credit score’s cousin: the ChexSystems score that documents your banking activity. ChexSystems is a consumer reporting agency that tracks and reports on individual consumers’ history with deposit accounts. Using the information in this report plus other sources of...

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Before we talk about high-limit credit cards, let’s review what a credit limit is. In short, it’s the maximum amount you’re allowed to spend on the card without being subject to a penalty or paying off at least some of your balance. Targeting a high-limit credit card can be a tricky business, since your credit card issuer determines your credit limit when you apply for a card....

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