Credit & Debt

How to Choose the Perfect Credit Card | ModMoney

This post may contain affiliate links. Please read the disclosure for details.

Choosing the right credit card can be overwhelming, to say the least. With a Cheesecake Factory-length menu of options, the hardest part is just knowing where to start. So first things first, where do you spend most of your money? Understanding your spending persona will narrow the universe of card choices and lead you to one that fits your lifestyle. Whether you're a traveler or a student, a credit card novice or an online shopper, there's a card tailored to fit your needs. So consider this post your go-to resource for a curated collection of the best. Here are my featured card picks for every spender.

Opening a Credit Card Can Actually Help Your Credit Score | ModMoney

This post may contain affiliate links. Please see my disclosure for details.

Most of us are skeptical when credit card companies overflow our mailboxes with promised perks and bonuses. “Sign up for this card and receive a 50,000-point bonus!" "Apply now and get your first year’s fee waived!” (As if we don’t already get enough mailers for discounted pizza pies and cleaning supplies.) But let’s get back to the core question. Should we really be adding new plastic to our wallets? The reality is, opening a new credit card that fits your lifestyle can actually be a good thing. Here’s why.

How To Pay Down Debt Once And For All | ModMoney

This post may contain affiliate links. Please read my disclosure for details.

Living with high-interest rate debt is overwhelming. You feel exposed. You feel burdened. You feel like you’re crumbling under a weight that just keeps growing. Whether you took on student loans to get through school or swiped your credit card a few too many times, you can work through it. By shifting your mindset and breaking down action items, you can start tackling your debt today. Let’s get started!

5 Credit Card Rules You Should Definitely Be Following | ModMoney

This post may contain affiliate links. Please see my disclosure for details.

You know those people who pull out a different credit card each time they make a purchase? Admittedly, I'm guilty. I have several cards in my wallet that I use interchangeably to maximize reward categories. But it's important to note that I slowly built my way up to this point.

Spending on a credit card is a great way to earn cash back, travel rewards, and other perks. But if you're not diligent, you can do yourself and your credit history a disservice. Conscientious cardholders use their cards to build up their credit score and earn a return on purchases they already make. However, there is a fine line between managing your credit to build you up and mishandling it to bring you down. To help you bridge that gap, here are five rules that responsible credit card pros always follow.

Does Canceling A Credit Card Hurt Your FICO Score? | ModMoney

Many of us have that unused credit card that sits in the back of our wallets. Now be honest. Have you ever been tempted to cancel it? After all, doesn't cleaning up old credit make sense in theory? It is a common misconception that canceling an old credit card helps your FICO score. In reality, the opposite is true. Closing an old card can have a detrimental impact! And here's why.

Should You Open That Retail Store Credit Card? | ModMoney

We've all been through this before. After exiting the dressing room, you approach the cash register with a few items in hand. You're already thinking about ripping off the tags and wearing your new clothes to dinner that evening. (Is that just me?) As you fumble for your credit card, the sales associate says, "You know, if you open up a store card, you can save an extra 15% today." What do you do? This sounds like an enticing offer! And you'll get instant gratification with a discount today. But before you reach for that shiny new retail card, there are a few factors to consider.

The Best Credit Card for Travel Rewards | ModMoney

This post may contain affiliate links. Please read my disclosure for details.

A few months ago, Chase had the universe of credit card nerds (yes, that exists) going crazy over the release of its newest card, the Chase Sapphire Reserve. You can think of this as an upgrade to the Chase Sapphire Preferred (a must-have card until this new release). Y'all, the Reserve has all of the credit card nerds energized for a reason. In my opinion, it is the best travel rewards card on the market.

A quick caveat: I don't recommend the Reserve to someone who is starting out. If you are in the early innings of building up your credit score, I recommend a card with no fee and good cash back opportunities like the Citi Double Cash...

The Ultimate Guide to Understanding Your FICO Score | ModMoney

Credit card spending is a great way to earn cash back, award points, awesome travel perks, and lucrative sign-up bonuses. However, in order to fully enjoy these benefits, it is imperative that you take a disciplined approach and have a solid FICO score. This post will cover the basic building blocks of your FICO score: what it means, how it's calculated, and how you can find yours.

AmEx Platinum Travel Benefits in Mexico

This post may contain affiliate links. Please read my disclosure for details.

After a few hours of navigating through flight cancellations and delays, Chris and I finally arrived in Punta Mita, Mexico for a few days of R&R. Now, I have to profess that I thoroughly enjoy planning and booking trips. While most people I know dread the mechanical, tedious process, I see it as an opportunity to get extra value for my dollar. And let's be honest, booking a sweet travel deal feels so much more rewarding than purchasing a discounted coffee table.

I have a few go-to credit cards that I use when booking travel, and our Punta Mita trip is the perfect opportunity to talk about one of my favorites.



Sign up to receive ModMoney's exclusive Personal Budget Template.


  • skillshare.jpg
Erica Holland | ModMoney

Meet Erica

Erica is an Austin local, Duke grad, and creator of ModMoney, a platform bringing a fresh perspective to personal finance. She believes financial health is an important part of living well and hopes to empower others to make informed, proactive choices with their money. Find out more.


  • Get Paid to Shop With Ebates | ModMoney
  • Make Money With Swagbucks | ModMoney
  • Personal Capital | ModMoney

© 2016 ModMoney, all rights reserved