20 Search Results
Authorized User on a Credit Card: Everything You Need to Know
https://www.sofi.com/learn/content/authorized-user-on-credit-card/
Understanding exactly what it means to be an authorized user on a credit card account is important for both the cardholder and the credit card authorized user. There are some rules and restrictions involved, but in general, becoming an authorized user on a solid cardholder account can help build an authorized user’s credit history and […]
Charge Card vs. Credit Card: Understanding the Key Differences
https://www.sofi.com/learn/content/charge-card-vs-credit-card/
Though the terms may be used interchangeably, there are major differences: With a credit card, you can either pay your full monthly bill or a portion of it. With a charge card, no matter how much you owe, you’re expected to pay the monthly bill in full. That’s not the only thing that sets these […]
Why Are Credit Cards Useful
https://www.sofi.com/learn/content/why-are-credit-cards-useful/
Buying with a credit card can offer such benefits as convenience, safety, and rewards. Whether you’re shopping for shampoo or a new sofa, there are many ways that you can pay for goods and services. You can use cash, checks, electronic payment, debit cards, or credit cards. Not every merchant may accept each of these […]
History of Credit Cards: When Were Credit Cards Invented?
https://www.sofi.com/learn/content/history-of-credit-cards/
The concept of a credit card can be dated back to the early and mid 1900s. There were actually a number of early iterations of what we know and use today as a credit card. Over the decades, these financial tools have evolved, and variations have multiplied. Read on to learn about the major milestones […]
Can You Use Your Credit Card Internationally?
https://www.sofi.com/learn/content/can-i-use-a-credit-card-in-another-country/
The short answer to the question, “Can I use a credit card in another country?” is yes, you can. The longer answer? Take precautions to ensure you don’t get hit with high foreign transaction fees. You also want to avoid having your card declined because the issuer didn’t know you were traveling and thinks it’s […]