Banking
Interest Rates Simplified: Difference Between APR and APY
Find out the difference between Annual Percentage Rate and Annual Percentage Yield in this guide. Also, discover which suits your situation the most.
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Banking
Chicago Area Banks and Credit Unions
Explore the different brick-and-mortar banks, credit unions, and specialized banks that offer services tailored to specific communities. Learn about the pros and cons of each option, common fees associated with checking accounts, and tips for opening a bank account or credit union membership
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Banking
Is It Possible To Deduct The Interest Paid On A Business Credit Card?
The interest paid on credit card purchases may be tax deductible depending on their nature. There is a distinction between interest paid on business costs and that paid on personal ones, with the latter not qualifying for a tax deduction. It makes no difference whether the kind of credit card is used. You may deduct the interest you pay if you use your personal credit card for business purposes.
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Banking
How Does Credit Card Churning Work?
Credit card churning seems to be the practice of rapidly switching between several credit cards to maximize the benefits of sign-up bonuses offered by various card issuers. While it's tempting to open a bunch of new accounts in a short period to maximize your rewards points and miles, doing so might have dire consequences for your credit score and other financial factors. Discover how to take advantage of the odd new rewards card and its sign-up bonus avoiding entering the "churning" area and risking your credit and money.
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