The nickel-and-diming of American credit cards Written by Maryalene LaPonsieLast year, 35 percent of Americans spent an average of $215 on their debit and credit cards without even knowing it.
The money is part of a nearly $15 billion problem with gray charges. According to a report report commissioned by BillGuard and conducted by Aite Group, gray transactions are those a consumer did not intend [...]
Should you get a medical credit card? Written by Maryalene LaPonsieWhen my daughter decided to be born on January 2nd, the bill for her delivery and hospital stay made quick work of our annual health insurance deductible.
Facing a bill of several thousand dollars, I called the hospital to make payment arrangements and was surprised to learn my options were "pay it now" or "pay [...]
Protecting your parents from poor credit card decisions Written by Maryalene LaPonsieThe Federal Consumer Financial Protection Bureau recently issued a report expressing concern about the use of misleading "senior designations" by some financial professionals. The report reminded me of how easy it is for seniors to get in over their heads where money is concerned.
My own mom is 78, widowed and slowing down. As I have [...]
What do credit card holders complain about most? Written by Geoff WilliamsHave a complaint about your credit card? Get in line. There are at least 5,074 people in front of you.
Last week, the Consumer Financial Protection Bureau, or CFPB, released information about the types of complaints they've been getting from frustrated credit card holders.
That's right, the credit card complaints that have been going to the CFPB [...]
5 Words You Should Never Say to Your Credit Card Issuer Written by Beverly Blair HarzogYou're smart enough to know that there are certain words that you shouldn't say when talking to your credit card issuer. But life is unpredictable, isn't it? So just in case you find yourself in a situation where you need to use one of these "unspeakable" words, here are some tips to minimize the negative [...]
5 Credit Card Mistakes That Can Cause Divorce Written by Joe Taylor
Even though you can save your marriage with credit cards, you can just as easily wreck your romance with help from your latest account statement. Avoid these five common ways that spouses get into money trouble:
#1: Hiding Credit Card Debt from Your Spouse
If some financial advisors had their way, we'd all be getting credit checks [...]
Don't Max Out Dad's Credit Card for Father's Day! Written by Beverly Blair Harzog"Dad, Can I Borrow the Credit Card for Father's Day?"
Things have been tougher for young adults since the Credit CARD Act placed age and income restrictions on credit cards. You have to be at least 21 to get a card on your own, or else you have to be able to show proof that you [...]
6 Essential iPhone Apps for Credit Card Holders Written by Curtis ArnoldIf Karl Malden were telling you "don't leave home without it," he could just be referring to your iPhone. While you can't yet replace your wallet with your iPhone, a handful of credit card applications have made themselves indispensable to its users.
Credit Card Issuers' Proprietary Apps
A handful of credit card issuers have helped set new [...]
Top 5 Things You Shouldn't Do with Your Corporate Credit Card Written by Joe TaylorMost of us have been tempted, at one time or another, to let a small purchase slip undetected on a corporate credit card. In these five cases, investigators say greed and hubris trumped ethics and common sense:
#5: Charge your child's college fund to your corporate credit card.
Described by colleagues as bright and ambitious, Betsy Collins [...]
Spring Cleaning for Credit Cards Written by Beverly Blair HarzogIt's that time of year when we think about ridding our homes of clutter and making everything look shiny and new again. How about applying that same concept to your credit cards? No, you don't need to polish your cards, but "cleaning up" the way you deal with your credit card paperwork is always a [...]