Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

May 2009

Credit Card Regulations May Have Unintended Negative Consequences

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Posted On: May 27, 2009

President Obama Signs Credit Card Act Into LawAs President Obama signed a new Credit Card Bill into law, financial industry analysts debated whether tough, new regulations would return America's consumers to a more responsible era or throw the sector into a tailspin. Major provisions of the new credit card law include: Strict limits on marketing to [...]

Posted in Credit Card Fees | Credit Card Help | Credit Card Interest | Credit Card Laws | 0 Comments

Sammy Rabbit Teaches Kids to Save and Avoid Credit Card Debt

Written by Mike Killian
Posted On: May 26, 2009

Editor's Note: This article is part of a popular Q & A format series in which we interview experts and industry professionals that have made significant contributions to the credit card industry. How do you successfully teach kids 5-8 about money and how to save it? Sam X Renick, author and founder of It's a Habit! [...]

Posted in Credit Card Education | 0 Comments

Credit Card Accountability, Responsibility and Disclosure Act Passes Senate

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Posted On: May 20, 2009

Facing pressure from the White House and criticism from constituents, the Senate approved new credit card restrictions on Tuesday scheduled for enactment in February 2010. Among the changes to be enforced if Senate provisions become law: • Credit card companies will be unable to raise interest rates on existing purchases until balances become sixty days overdue.• [...]

Posted in Credit Card Laws | 0 Comments

Popular American Express Credit Card Drops Most Rebates to 1.25%

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Posted On: May 18, 2009

EDITOR'S NOTE:  THIS OFFER IS NO LONGER AVAILABLE.  Click here for the latest offers from American Express.  A tough economy makes it harder to find great cash rewards in credit cards. The American Express Blue Cash Credit Card has been the favorite card in my wallet for several years. This credit card offered a 1.5% [...]

Posted in American Express Credit Card | 1 Comments

Peer to Peer Lending (P2P) Tips

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Posted On: May 14, 2009

An excerpt from The Complete Idiot’s Guide to Person to Person Lending. Peer to peer lending (P2P), also called social lending, lending and borrowing is a new twist on an old way to lend and borrow money. You probably already have a couple options for how to borrow money. You can run up balances (if you do [...]

Posted in Other | 1 Comments

Advanta Credit Cards Closed for Business

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Posted On: May 13, 2009

Advanta credit card customers must find other ways to finance their small businesses, starting June 10th. Reacting to mounting losses from credit defaults, company officials decided to close down all of the firm's outstanding credit lines. In a press release, the company indicated that it took the move in advance of a June deadline that [...]

Posted in Business Credit Card | Chase Credit Card | Credit Card Companies | 0 Comments

Can You Pass the Financial Literacy Quiz?

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Posted On: May 7, 2009

Two years ago, author and entrepreneur Braun Mincher developed FinancialLiteracyQuiz.com, a fifty-question test that mimics the kind of final exam on money that is missing from most schools. Many respondents get a score of around 57 on their first try, hinting at a lack of understanding about how money works. Mincher answered some questions about [...]

Posted in Credit Card Education | Other | 0 Comments