What was the last year that credit cards'interest was deductible?

Answer The last year taxpayers could deduct personal credit card interest was 1986. On October 22, 1986, President Ronald Reagan signed into law the Tax Reform Act of 1986. This legislation limited or eli... Read More »

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Can I get my credit report more than once in a year?

Federal law entitles each person to receive her credit report once per 12-month period from each of the three major credit bureaus for free. However, you may obtain your credit report more than onc... Read More »

Can a 15 year old get a credit card?

No one under the age of 18 is allowed to enter into a legally binding contract such as a credit card agreement. However, Family First Aid notes that there are prepaid and secured cards that can be ... Read More »

Is it ok to have a credit card sit for a whole year without using it?

I've never had that hurt my credit score. I have a bunch of store cards that I had opened over the years in order to get the extra discount on items...used them once, paid it off and then never to... Read More »

In what year was the first credit card issued?

According to, John Biggins issued the first bank debit card, called "Charg-It", in 1946--but customers could only use it at local businesses. Then, in 1951, New York's Franklin Nati... Read More »