Credit Cards - Mastercard

nmommy07 asked:


I am thinking of getting a particular credit card to use on a purchase due to the fact it offers money off the purchase. I know this isn’t a great idea, so I’m still thinking about it, but my concern is with my credit. My credit is fairly good right now and I’m wondering if I get the card and cancel it shorty after, how long does it take to build the credit I lost from getting & cancelling the card, back to normal? If it’s just a few points, does that take weeks/months? Thanks.

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Alex G asked:


First of all, when economists speak of “interest rates”, what exactly do they mean? What kinds of loans are they for and for what period of time?
Also, depending on whether rates are increasing or decreasing, what does this mean for the return on different classes of assets, such as equities, bonds, t-bills, etc.? How can you use interest rates to your advantage overall, say you expect them to increase by 1% quite soon?
Thanks a lot !!

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Capitalist_pig asked:


Are there any well known relationships between different interest rates?

For example: The 20-year T-Bond rate is usually 2% above 3-month T-Bills.

Stuff like that. Is there a website that would have things like that? It doesn’t have to be just treasury security rates, it can be inflation rates, Federal Reserve interest rates, whatever.

Thanks
Are there some ratios between rates that indicate things about an economy?

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Curious Kat asked:


I have no credit/bad credit, and have trouble even getting a department store card. Isn’t there a credit card that I can qualify for and work towards buiding my credit?

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asked:


Is a college student credit card any different than the ones my parents apply for? If so what’s the difference.
What is the best credit card company to get my credit card at? I will be sure to pay it off.

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toledojeeper asked:


How will tax rebates work when the US will borrow the money from China at 11% interest and give it to Americans to purchase products built in China?How will reducing interest rates help the people who have been doing the right thing by saving their money?Reducing interest rates just helps out the banks who tried to rip off these people with loans they couldn’t afford in the first place.I can’t say I have the answers to the economy buy I feel these fixes will do nothing but make it worse.

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echo1181 asked:


If one is prime rate. Credit score above 780. Are the final interest rates they quote you lower than what is advertise on their website? I am considering using a mortgage broker however their rates seem higher than the bank + the cost seems higher. If the rate is what they advertise, I might just go to the bank directly first and save my time. The mortgage broker seems to be on top of things and most likely have better info on closing etc. which is their only selling point but if the interest rate is higher than the competitor I am reluctant to go with it since they will hit my credit score if I apply. Simply put money is money a little .25% can equal 60K over the life of the loan. Something that could sit in investment generating returns for me.

In general what is the difference in the interest rate for prime/ A credit scores? Are the advertised rates using prime rates or just average rates?

Thanks in advance

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Joakim M asked:


It’s not made clear as to what sort of economic sectors the question refers to.

I know this much at least:

-Increasing interest rates
Higher mortgage costs
Lower CPI
Prevents inflation
Slows the economy (decreasing GDP)
Higher risk of recession

-Decreasing interest rates
Lower mortgage costs
Higher CPI
Steers economy towards inflation
Speeds up the economy (increasing GDP)
Lower risk of recession

what i don’t know is how this affects 2 different sectors of the economy.
Are different sectors affected differently at all?

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J.Smith asked:


I’m a college student looking to apply for a credit card. I will like a credit card that will give me the best, highest, limit, and that has a lot of good rewards. I know I will not be able to get both, but I will like to know what credit card is the best for a college student.

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girly asked:


Is there a website to check Interest Rates? How can you check out the interest rates in Markets? How can you check out the interest rates in each countries?

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