A Triple Whammy for Credit Card Balance Transfers
Posted On: August 28, 2009
Consumers who are used to transferring credit card debt to new lenders may be in for a shock as new transfer fees are imposed by the banks.
Share this article with:
Delicious
Digg
reddit
Facebook
StumbleUponHigher Minimum Credit Card Payments Offer Fast Track Out of Debt
Posted On: August 7, 2009
In a recent column for the NY Times, Freakonomics authors Stephen Dubner and Steven Levitt explained the genius behind the concept of low credit card minimum payments. When studied by academics, test subjects who selected their own minimum payments often paid far more than monthly bank statements required. For many years, credit card issuers have [...]
Share this article with:
Airline Credit Cards Become Increasingly Restrictive
Posted On: July 29, 2009
If you’ve flown recently, you’ve probably run into some sales associates hawking airline reward credit cards. Air miles cards might seem like a good value, especially if you’d like to use some reward miles to cover the cost of an upcoming trip. However, I can think of at least four strong reasons why you should [...]
Share this article with:
How One Credit Card Fee Actually Helps Consumers
Posted On: July 20, 2009
Lawmakers hoping to build on the positive feedback from the CARD Act could be making a mistake by targeting credit card merchant fees.
Share this article with:
Benefits of Credit Cards often Trump the Convenience of Debit Cards
Posted On: July 13, 2009
Debit cards offer convenience and are becoming increasingly popular with consumers, but they still don’t offer many of the same benefits as credit cards do.
Share this article with:
5 Hot Credit Card Offers for the Summer
Posted On: June 29, 2009
By Curtis Arnold, CardRatings.com Founder
Even though it seems like major banks have been rolling up the red carpet instead of rolling it out for new customers, I found a handful of money-saving deals for savvy credit card users. Even in the midst of the credit crunch, there are still some real jewels out there and [...]
Share this article with:
Five Consumer Warnings Involving Reward Credit Cards
Posted On: June 12, 2009
By Curtis Arnold, CardRatings.com Founder
Nearly every card issuer that issues credit cards offers its customers a reward or rebate program. Rebate credit cards will reward you for making everyday purchases with your card. Rebate cards are very popular and when used in a wise manner, rewards cards can help improve your bottom line- who doesn’t [...]
Share this article with:
Credit Card Reform Likely to Have Unintended Negative Consequences
Posted On: June 3, 2009
By Curtis Arnold, CardRatings.com Founder
If you carry a credit card, you should circle February 22, 2010 on your calendar. That’s the day when key provisions of the new credit card legislation take effect.
The state of the economy has already taken its toll on Americans’ credit scores. By the first quarter of 2009, TransUnion, a major [...]
Share this article with:
Credit Card Accountability, Responsibility and Disclosure Act Passes Senate
Posted On: May 20, 2009
By Joe Taylor Jr., CardRatings.com ReporterFacing 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 [...]
Share this article with:
Popular American Express Credit Card Drops Most Rebates to 1.25%
Posted On: May 18, 2009
By Curtis Arnold, Founder of CardRatings.comA 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% cash rebate on most of my purchases, and it punched the bonus [...]
