Articles by Shannon McNay

Shannon specializes in personal finance topics that revolve around money management, debt (especially student loans), and budgeting. She has contributed to various personal finance blogs and sites such as The Huffington Post, Business Insider, Lifehacker, Yahoo Finance, and more. Shannon is a big fan of coffee and her dog, Lucy. Education: B.A. in English from Northern Kentucky University.

Announcing the MyBankTracker Bank Awards Q3 2016 Photo of Shannon McNay Shannon McNay Announcing the MyBankTracker Bank Awards Q3 2016 It’s that time of year again. We’ve sifted through countless traditional banks,... How to Pay Off Credit Card Debt Faster Need a credit card payoff strategy? Here‘s how to lower your interest rates, utilize balance transfer credit cards, and use other methods to get out of debt. Does Closing a Credit Card Hurt Your Credit Score? Have you been thinking of cutting up or closing your credit card? Here's how to decide - and the effect it will have on your credit score and debt payoff. Late Credit Card Payment? Here's What to Do Photo of Shannon McNay Shannon McNay Late Credit Card Payment? Here's What to Do We all have those moments. Either the due date flew by without us noticing or we... What Happens If You Don't Use Your Credit Card? Photo of Shannon McNay Shannon McNay What Happens If You Don't Use Your Credit Card? Common sense might seem to say that it’s best not to use your credit card,... What Happens if You Maxed Out Your Credit Card We all know maxing a credit card isn't good but do you know the consequences? Here's what happens if you max out your card, how to prevent it, and how to fix it. Cash or Credit Card: Which is the Best Way to Pay? When it comes to making a purchase, should you use cash or credit? Here's how you can discover the payment method that will work best for your financial goals. Credit Card Perks That Will Help Save Your Valentine’s Day Photo of Shannon McNay Shannon McNay Credit Card Perks That Will Help Save Your Valentine’s Day Valentine’s Day: perhaps one of the most stressful days of the year. What was... Credit Card vs. Debit Card: Which is the Best for Travel Abroad?. Photo of Shannon McNay Shannon McNay Credit Card vs. Debit Card: Which is the Best for Travel Abroad?. Georgia (the country) Planning a trip overseas involves several aspects, and one... Which Cash Back Credit Card is Better: Chase, Discover or Citi? Of Chase Freedom, Citi Double Cash, and Discover It, which is best? MyBankTracker compares cash back credit cards to help you come to an informed decision.