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.
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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 [...]
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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 [...]
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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.
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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.
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Can You Pass the Financial Literacy Quiz?
Posted On: May 7, 2009
By Joe Taylor Jr., CardRatings.com Reporter
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. [...]
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Entrepreneurs Learn Credit Card Strategies at Speed Coaching Events
Posted On: May 5, 2009
By Joe Taylor Jr., CardRatings.com Reporter
Starting a new company in an economic recession often requires three things: a great idea, a generous small business credit card, and solid advice. Officials at American Express OPEN hope to connect entrepreneurs with all three at a series of seven live events throughout the spring and summer.
The “Small Business [...]
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Variable versus Fixed-Rate Credit Cards
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 [...]
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Re-thinking Credit Card Choices (Part 1)
Posted On: February 17, 2009
By Michael Killian, CardRatings.com Reporter
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 [...]
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Tips for Finding Your Best Secured Card
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.
Not 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 [...]
