Credit Card Interest
Credit Card Regulations May Have Unintended Negative Consequences
Written by Joe Taylor Jr.
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 [...]
Citi Credit Card Rewards Responsible Action (Part 2)
Written by Mike Killian
Posted On: March 31, 2009
Editor's Note: This article is the second of a two-part interview with Terry O'Neil, Executive vice president of Citi Cards.Mike: Can you elaborate on some of the benefits of this program? Terry: Citi Forward has great built-in features and benefits that include: Quarter percent purchase APR reduction when making a purchase, staying under the credit line [...]
Citi Credit Card Rewards Responsible Action (Part 1)
Written by Mike Killian
Posted On: March 26, 2009
Editor's Note: This article is the first of a two-part interview with Terry O'Neil, Executive vice president of Citi Cards.Who hasn't ever paid a credit card late fee? Consumers are often penalized with over the limit fees or a higher interest rate for being late on a payment. Wouldn't it be great if there [...]
Variable versus Fixed-Rate Credit Cards
Written by Curtis Arnold
Posted On: March 4, 2009
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line. All cards can be classified as either fixed or variable rate. Fixed rate means the interest rate never changes—at least, in theory. The rate on variable-rate cards, however, can go up or down, depending on [...]
Re-thinking Credit Card Choices (Part 2)
Written by Mike Killian
Posted On: February 19, 2009
Editor's Note: This article is the second of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.Mike: It has been suggested that those with good credit scores will find good credit card deals and those with poor scores will not find cards available at all. Are you finding this true [...]
Re-thinking Credit Card Choices (Part 1)
Written by Mike Killian
Posted On: February 17, 2009
Editor's Note: This article is the first of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.Exceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever possible. The commercial market [...]
Tips for Finding Your Best Secured Card
Written by Curtis Arnold
Posted On: February 12, 2009
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line. N ot all secured cards report to the three major credit reporting companies (Experian, Equifax, and TransUnion). To build or rebuild credit, it’s smart to get a card that does report to all three. Fortunately, many secured [...]
Using a Low-Rate Credit Card to Your Advantage
Written by Curtis Arnold
Posted On: September 23, 2008
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.The three Keys to Using a Low-Rate Credit Card to Your Advantage: 1. Make your payments early. If your card issuer uses the average daily balance method to calculate interest (most do), make your payments before the [...]
