Everything You Need to Know About a Negative Credit Card Balance Don’t panic — there are a few reasons why your balance may show as negative, but at the end of the day, it’s most likely a good thing for you. Here’s why… [toc] How is My Credit Card Balance Calculated? A credit card balance… continue reading

Bottom Line: Whether a credit card reward is taxable depends on whether the Internal Revenue Service (IRS) considers the reward to be a rebate or an award. When a Reward is Not Taxable Generally, when you earn a reward by making a financial transaction such as a purchase, the reward is considered a rebate or… continue reading