4 “Smart” Credit Card Moves that are Actually Dumb

Getty Images
Getty Images

Used wisely, credit cards can help build your credit score and earn you sweet perks. But to get smart about the plastic in your wallet, you have to shake free from common myths that can actually tank your score or cost you unnecessary money. 

1. YOU RELY EXCLUSIVELY ON A DEBIT CARD.

The perks of debit are clear: It’s harder to overspend than if you use a credit card, and you can’t work yourself into a mountain of debt. That debt aversion might explain why those of us who got our financial footing during the Great Recession are more leery of credit than other generations: According to a Bankrate survey, two-thirds of people ages 18 to 29 don’t have a credit card, compared with only one-third of people over 30.

“But it’s dangerous to assume that all plastic is treated the same way by credit reporting and scoring agencies,” says credit expert John Ulzheimer, who spent years at FICO and Equifax. “Only credit cards make it onto your credit report, so if you avoid them you’re really not doing anything to help your credit score or establish your credit report.”

Even if you don’t plan to apply for a car loan or mortgage anytime soon, when you are ready to apply, those lenders will factor the age of your credit report into their decision. Opening a credit card in your 20s will mean you have a more, ahem, mature credit report than if you open one in your 30s, which can help you get a better or bigger loan—even if your finances are otherwise unchanged.

The Truly Smart Move: Go ahead and apply for a credit card (free services like Credit Karma can help you determine the appropriate card). If you’re worried the new piece of plastic will tempt you to splurge beyond your means, don’t keep it in your wallet. 

2. YOU CARRY A SMALL BALANCE EACH MONTH.

Credit scoring agencies want to see that you’re using your credit cards regularly, because that signals that you can responsibly handle the credit available to you. But somehow that truth morphed into a widespread myth that you shouldn’t pay your bill in full.

“Carrying a balance from month to month will just cost you interest and won’t help your credit score,” says Bethy Hardeman, chief consumer advocate at Credit Karma. In fact, it could hurt it, because lenders look at how the amount of your current balances compares with your total credit card limits. The lower the balance, the better.

So how do you prove regular use and earn your financial brownie points? Relax—credit card companies do the work for you. When you swipe your way to a $200 balance on your Visa, the company reports that amount to the credit reporting agencies at the same time that it issues you a bill. You can then pay that balance (in full!). And keep in mind that regular use doesn’t mean you have to use the card monthly or hit a certain spend threshold. Modest use every couple of months works just fine.

The Truly Smart Move: Set a calendar reminder so you pay your balance in full and on time to avoid getting hit with late fees. And if you find that “regular use” is turning into “regular splurges,” use your card to set up auto-pay on a boring bill instead. It’s tougher to be tempted to go on an electricity spree.

3. YOU DECLINE A CREDIT LIMIT INCREASE.

When Visa mails you an offer to increase the credit limit on one of your cards, you demur. Time for a pat on the back, right? Not quite. When FICO determines your credit score, one of the biggest numbers it looks at is your revolving utilization. Also known as credit card usage percentage or balance-to-limit ratio, this is basically a fancy way of saying how much you owe on your credit cards compared with how much your total limits are. “If you owe $500 on a card with a $500 limit, you’ll have a lower score than someone who owes $500 on a card with a $5,000 limit,” says Ulzheimer. 

To calculate your current revolving utilization, divide your balance by the credit card limit and multiply by 100. Quick example: If you owe $1,000 on a card with a limit of $2,500, your revolving utilization of that card is 40 percent. While 40 percent might sound boss at first blush, consider that consumers with the highest credit scores tend to have revolving utilizations under 10 percent.

One way to better your revolving utilization is to pay down your balances. But another is to increase the credit limits on existing cards. So the next time MasterCard extends an offer, think twice before you decline.

The Truly Smart Move: Many credit card companies will reassess your limit every three years or so, when they reissue your credit cards. But you can also proactively ask for an increase. You’re more likely to secure a higher limit if you’re a low-risk consumer: You use your cards regularly and pay your bill on time. 

4. YOU CANCEL SOME OF YOUR CREDIT CARDS.

Maybe your wallet is crazy cluttered with a million cards and you’re looking to streamline. Or maybe you’re sick of all the temptation that comes with having multiple cards. Or maybe you think having one card is safer when it comes to identity theft. No matter what your motivation, closing a credit card will ding your credit score, because it reduces your revolving utilization.

“Never, ever close a credit card,” says Ulzheimer. “The only time a card should be considered for the chopping block is if it has a huge annual fee and you’re planning to never use it again.” It’s especially worth waiting, he says, if you plan to apply soon for any type of credit, including an auto loan or student loan.

As for identity theft, keep in mind that if your account info is somehow stolen, all four of the major credit card networks offer total fraud liability. That means, if you spot a suspicious charge on your statement and you report it to the credit card company, you’ll pay nada.

The Truly Smart Move: The best way to kill both clutter and temptation—without wounding your credit score—is to shred the plastic you don’t want to use anymore. If you ever decide to start using that particular credit card again, you can put in a call to the company and have the card reissued at no expense.

10 Fascinating Facts About the Thesaurus for National Thesaurus Day

iStock.com/LeitnerR
iStock.com/LeitnerR

Writers often turn to a thesaurus to diversify their vocabulary and add nuance to their prose. But looking up synonyms and antonyms in a thesaurus can help anyone—writer or not—find the most vivid, incisive words to communicate thoughts and ideas. Since January 18 is Thesaurus Day, we’re celebrating with these 10 fascinating facts about your thesaurus.

1. Thesaurus comes from the Greek word for treasure.

Greek lettering.
iStock

Most logophiles consider the thesaurus to be a treasure trove of diction, but the word thesaurus really does mean "treasure." It derives from the Greek word thésauros, which means a storehouse of precious items, or a treasure.

2. The plural of thesaurus is thesauruses or thesauri.

Row of old books lined up.
iStock

How do you refer to more than one octopus? People say everything from octopuses to octopi to octopodes. Similarly, many people have trouble figuring out the correct plural form of the word thesaurus. Though thesauri is technically correct—it attaches a Latin suffix to the Latin word thēsaurus—both thesauri and thesauruses are commonly used and accepted today.

3. Early thesauruses were really dictionaries.

Close-up of the term 'ideal' in a thesaurus.
iStock

Ask a French scholar in the 16th century to see his thesaurus, and he'd gladly give you a copy of his dictionary. In the early 1530s, a French printer named Robert Estienne published Thesaurus Linguae Latinae, a comprehensive Latin dictionary listing words that appeared in Latin texts throughout an enormous span of history. And in 1572, Estienne's son Henri published Thesaurus Linguae Graecae, a dictionary of Greek words. Although the Estiennes's books were called thesauruses, they were really dictionaries comprised of alphabetical listings of words with their definitions.

4. A Greek historian wrote the first book of synonyms.

Stacks of books surrounding an open book and a pair of glasses.
iStock

Philo of Byblos, a Greek historian and grammarian, wrote On Synonyms, a dictionary of synonyms that scholars consider to be the first ancient thesaurus. Dating to the late 1st century or early 2nd century CE, the book lists Greek words that are similar in meaning to each another. Sadly, we don’t know much more about On Synonyms because copies of the work haven’t survived over the centuries.

5. An early Sanskrit thesaurus was written in the form of a poem.

Sanskrit lettering.
iStock

In the 4th century CE, an Indian poet and grammarian named Amara Sinha wrote The Amarakosha, a thesaurus of Sanskrit words. Rather than compile a boring list of similar words, Amara Sinha turned his thesaurus into a long poem. Divided into three sections—words relating to the divine, the earth, and everyday life—The Amarakosha contains verses so readers could memorize words easily. This thesaurus is the oldest book of its kind that still exists.

6. A British doctor wrote the first modern thesaurus.

Portrait of Peter Mark Roget.
Thomas Pettigrew, Wikimedia Commons // Public Domain

Peter Mark Roget is the British doctor credited with authoring the first modern thesaurus. In 1805, he began compiling a list of words, arranged by their meaning and grouped according to theme. After retiring from his work as a physician in 1852, Roget published his Thesaurus of English words and phrases; so classified and arranged as to facilitate the expression of ideas and assist in literary composition. Today, Roget’s Thesaurus is still commercially successful and widely used. In fact, we celebrate Thesaurus Day on January 18 because Roget was born on this day in 1779.

7. The thesaurus has a surprising link to a mathematical tool.

Image of a vintage log log slide rule.
Joe Haupt, Flickr // CC BY-SA 2.0

The division between "words people" and "numbers people" is deep-seated. Many mathematicians may try to steer clear of thesauruses, and bibliophiles may avoid calculators, but the thesaurus is actually linked to a mathematical tool. Around 1815, Roget invented the log-log slide rule, a ruler-like device that allows users to easily calculate the roots and exponents of numbers. So while the inventor of the thesaurus was compiling words for his tome, he was also hard at work on the log-log slide rule. A true jack-of-all-trades.

8. The Oxford English Dictionary has its own historical thesaurus.

Synonyms for
iStock

In 1965, a professor of English Language at Glasgow University suggested that scholars should create a historical thesaurus based on entries in the Oxford English Dictionary. The project was a massive undertaking, as people from multiple countries worked for 44 years to compile and classify words. Published in 2009, the Historical Thesaurus to the Oxford English Dictionary contains 800,000 words organized by theme and date. The thesaurus covers words and synonyms from Old English to the present day and lets readers discover when certain words were coined and how long they were commonly used.

9. One artist turned his love of words into a series of thesaurus paintings.

Mel Bochner,
Mel Bochner, "Crazy," 2004. Francesca Castelli, Flickr // CC BY-NC-ND 2.0

In 2014, the Jewish Museum in New York showed a survey of conceptual artist Mel Bochner’s art. Bochner had incorporated words and synonyms in his paintings for years—which were collectively referred to as the thesaurus paintings—featuring word paintings and lists of synonyms on canvas. The brightly colored paintings feature different groups of English and Yiddish synonyms. According to Bochner, Vietnam and Iraq war veterans cried after seeing his thesaurus painting Die, which features words and phrases such as expire, perish, succumb, drop dead, croak, go belly up, pull the plug, and kick the bucket.

10. There's an urban thesaurus for all your slang synonym needs.

Copy of an Urban Dictionary book.
Effie Yang, Flickr // CC BY-NC-ND 2.0

Urban Dictionary helps people decipher the latest slang terms, but where should you go when you need a thesaurus of slang? Urban Thesaurus, of course. The site, which is not affiliated with Urban Dictionary, indexes millions of slang terms culled from slang dictionaries, then calculates usage correlations between the terms. Typing in the word money, for example, gives you an eclectic list of synonyms including scrilla, cheddar, mulah, coin, and bling.

7 Weird Super Bowl Halftime Acts

Al Bello, Getty Images
Al Bello, Getty Images

Shakira and Jennifer Lopez seem like natural choices to perform the halftime show at this year’s Super Bowl, but the event didn’t always feature musical acts from major pop stars. Michael Jackson kicked off the trend at Super Bowl XXVII in 1993, but prior to that, halftime shows weren’t a platform for the hottest celebrities of the time. They centered around themes instead, and may have featured appearances from Peanuts characters, Jazzercisers, or a magician dressed like Elvis. In honor of Super Bowl LIV on February 2, we’ve rounded up some of the weirdest acts in halftime show history.

1. Return of the Mickey Mouse Club

The era of Super Bowl halftimes before wardrobe malfunctions, illuminati conspiracy theories, and Left Shark was a more innocent time. For 1977’s event, the Walt Disney Company produced a show that doubled as a squeaky-clean promotion of its brand. Themed “Peace, Joy, and Love,” the Super Bowl XI halftime show opened with a 250-piece band rendition of “It’s a Small World (After All).” Disney also used the platform to showcase its recently revamped Mickey Mouse Club.

2. 88 Grand Pianos and 300 Jazzercisers

The theme of the halftime show at Super Bowl XXII in 1988 was “Something Grand.” Naturally, it featured 88 tuxedoed pianists playing 88 grand pianos. Rounding out the program were 400 swing band performers, 300 Jazzercisers, 44 Rockettes, two marching bands, and Chubby Checker telling everyone to “Twist Again."

3. Elvis Impersonator Performs the World’s Largest Card Trick

Many of the music industry's most successful pop stars—like Prince, Madonna, and, uh, Milli Vanilli—were at the height of their fame in 1989, but none of them appeared at Super Bowl XXIII. Instead, the NFL hired an Elvis Presley-impersonating magician to perform. The show, titled “BeBop Bamboozled,” was a tribute to the 1950s, and it featured Elvis Presto performing “the world’s largest card trick.” It also may have included the world's largest eye exam: The show boasted 3D effects, and viewers were urged to pick up special glasses before the game. If the visuals didn't pop like they were supposed to, people were told to see an eye doctor.

4. The Peanuts Salute New Orleans

Super Bowl XXIV featured one of the last halftime acts that was completely devoid of any musical megastars. The biggest celebrity at the 1990 halftime show was Snoopy. Part of the show’s theme was the “40th Anniversary of 'Peanuts,'” and to celebrate the milestone, performers dressed as Peanuts characters and danced on stage. The other half of the theme was “Salute to New Orleans”—not necessarily the first thing that comes to mind when you think of the comic strip.

5. A Tribute to the Winter Olympics

Super Bowl XXVI preceded the 1992 Winter Olympics—a fact that was made very clear by the event’s halftime. The show was titled “Winter Magic” and it paid tribute to the winter games with ice skaters, snowmobiles, and a cameo from the 1980 U.S. hockey team. Other acts, like a group of parachute-pants-wearing children performing the “Frosty the Snowman Rap,” were more generally winter-themed than specific to the Olympics. About 22 million viewers changed the channel during halftime to watch In Living Color’s Super Bowl special, which may have convinced the NFL to hire Michael Jackson the following year.

6. Indiana Jones and the Temple of the Forbidden Eye

“Peace, Joy, and Love” wasn’t the only Disney-helmed Super Bowl halftime. In 1995, Disney produced a halftime show called “Indiana Jones and the Temple of the Forbidden Eye” to tease the new Disneyland ride of the same name. It centered around a skit in which actors playing Indiana Jones and Marion Ravenwood stole the Vince Lombardi Trophy from an exotic temple, and it included choreographed stunts, fiery special effects, and a snake. Patti LaBelle and Tony Bennett were also there.

7. The Blues Brothers, Minus John Belushi

The 1990s marked an odd period for halftime shows as they moved from schlocky themed variety shows to major music events. Super Bowl XXXI in 1997 perfectly encapsulates this transition period. James Brown and ZZ Top performed, but the headliners were the Blues Brothers. John Belushi had been dead for more than a decade by that point, so Jim Belushi took his place beside Dan Aykroyd. John Goodman was also there to promote the upcoming movie Blues Brother 2000. The flashy advertisement didn’t have the impact they had hoped for and the film was a massive flop when it premiered.

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