Credit Basics
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Common credit myths debunked
Credit myths can mislead consumers, leading to poor financial decisions. This article debunks common misconceptions about credit scores, reports, and management. Understanding the truth helps you navigate credit confidently.
Best ways to improve credit
Building a strong credit score is key to financial success, but it requires smart strategies. This article outlines the best ways to improve your credit, from timely payments to monitoring reports. Follow these steps to boost your score and secure better financial opportunities.
How credit scores are calculated
Understanding how credit scores are calculated can help you improve your financial health. The FICO Score, the most widely used model, evaluates factors like payment history, credit utilization, and length of credit history. By managing these elements wisely, you can boost your score and secure better loan terms.
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1 Earna Credit Cards does not have annual fees paid upfront, instead, to help you manage your finances, you will only need to pay monthly fees included on your monthly statement.
2 Individual cases may vary. Please contact our Support Team if you experience difficulties.
3 Earna reports your payment activity to one or more credit bureaus to help establish your credit history. Credit scores are calculated using complex models that consider multiple factors. Making on-time payments regularly can help improve credit scores, while missed or late payments can lower them. Individual results may vary.
4 Approval is not guaranteed and terms and conditions apply.
5 Refer to Earna Rewards Policy for details on earning cashback. Other terms and conditions may apply, find the complete policy here.
6 Credit limit increases are subject to eligibility and require the account holder’s express consent. Terms and conditions apply.
7 Eligible interest rates may decrease by up to 1% annually for accounts in good standing, subject to a set minimum and other eligibility criteria. Not all rates are eligible. Terms and conditions apply.