Charlotte Metro Federal Credit Union Blog

Learning & Guidance

Charlotte Metro’s Learning and Guidance provides you with dozens of educational resources, guides, quizzes, and customizable templates to make connecting the financial dots in planning, implementing, and reaching success simple. Check it out!

Debt | Credit Card

How to Best Use a Credit Card

By: Yanna
June 16th, 2022

Some people are terrified of credit cards because the consequence of misusing one will certainly affect your credit and your wallet negatively.

Debt | Credit Card

What’s the Difference Between a Cash Advance and a Balance Transfer?

By: Yanna
June 10th, 2022

Did you know credit cards can be used for more than just swiping to make a purchase in a store or online? You can also take advantage of your credit limit to do a cash advance and withdraw cash or use a balance transfer to move a balance from another credit card.

Debt | Credit Card

How To Get Out of Credit Card Debt

By: Yanna
June 9th, 2022

Credit card debt just sucks - plain as that!

Credit Card | credit scores

Does Applying for a Credit Card Hurt My Credit?

By: Yanna
May 27th, 2022

Short and sweet? Yes, your credit score will decrease when you officially apply for a credit card. But don't worry - The drop is temporary and the score increases after a couple of weeks and the benefits of having a credit card far outweigh the initial drop in score. By that time, you could be using your credit card responsibly where the lender reports your positive credit card activity to the bureau. In turn, that positive activity will boost your credit score even higher

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