Tag: creditcardbasic

💳 When to Tap Debit, When to Swipe Credit

“The Smart Spender’s Rulebook”
Debit or credit? The right choice at the right moment can save you money, earn rewards, and make life easier. In this guide, we break down when to swipe your LookCard Lite Debit for everyday control and when to pull out your LookCard+ Visa Credit for extra flexibility, travel perks, and big purchases.

🚫 Misconception Alert: “Why Do I Need to Repay If I Already Deposited?”

Think your LookCard+ Visa deposit is your spending balance? It’s not. Your deposit is collateral — a security that lets you access credit without background checks or credit scores. Learn why repayment is still required, how our credit model works, and what makes LookCard a smarter, more inclusive way to spend.

📉 Understanding Crypto Collateralization: What Happens When the Market Drops?

What happens to your crypto-collateralized credit line when the market drops? This article breaks down how LookCard+ Visa protects your account during volatility, the difference between stablecoin vs. volatile asset collateral, and what risk controls are in place to keep your credit safe — even in a downturn.

💳 Why Is My Credit Card Outstanding Balance Negative? It’s Not a Mistake—Here’s What It Means

If you’ve ever reviewed your credit card account and noticed that your outstanding balance appears as a negative number, you may find it puzzling: “I’ve made purchases—so why does it look like I have money in the account instead of a balance due?” “I’ve made payment to my credit card-why my outstanding balance shows negative […]

Why Your Credit Card Statement Balance Doesn’t Change After Payment – And What It Really Means?

  If you’ve ever wondered why your credit card statement balance remains unchanged after you’ve made a payment, you’re not alone. This is a common point of confusion for many cardholders. The key lies in understanding the difference between your statement balance and your outstanding balance. Statement Balance: A Snapshot in Time The statement balance is the total amount you owed […]