3 credit card nightmares to avoid
What's the scariest thing in your wallet? It might be your credit card – and not just on Halloween. Frightening offers, terrifying terms and petrifying practices still exist in the world of plastic. See what you need to beware of.
Bad deals for bad credit
If anyone needs a break, it's somebody who has had financial trouble. [...]
Poll: the 4 smartest credit card moves
What's the smartest credit card move you've ever made?
CardRatings.com asked that very question in a recent poll in the weeks leading up to the American Bankers Association's annual "Get Smart About Credit Day," set for Oct. 20, 2011. The ABA's nationwide campaign aims to educate young people about sound credit card use.
The poll first appeared [...]
5 credit card habits you must kick
We've become so comfortable with our credit cards that it's easy to forget about being cautious. Even if your credit card boasts the best fraud protection in the business, you may still be leaving yourself vulnerable to identity thieves who can't wait to get their hands on your account details. CardRatings asked consumer advocates, financial [...]
ID Theft / Fraud
14 ways to raise your FICO score
If you want to save big money on a big loan, do your homework, say the experts. Raising your credit score by as little as 40 points could qualify you for a lower interest on a home mortgage or an auto, student or personal loan.
Think of it this way--if you take out a $50,000 loan [...]
Best secured credit cards
With responsible use, secured credit cards can easily boost or rebuild your credit score. Secured credit cards allow you to earn the trust of lenders, without posing a risk, because you're putting your own money on the line. Applicants for secured credit cards put down hundreds (or thousands based on creditworthiness) of dollars as a [...]
Building Credit, Best Cards, Bad Credit, Secured Cards
Teaching Johnny how credit cards work
In recent years, high schools and universities have been trying to teach students how to manage their money, bank accounts and credit cards. Moms and dads, who have been teaching their kids about money for generations, have likely been discussing money more, in recent years, ever since the economy began faltering. And now, credit card [...]
Discover Card, Financial Literacy, American Express Credit Card, How Cards Work
7 credit card perks nobody knows about
Unless you are intimately familiar with the fine print in your credit card agreement, you might not realize that your favorite credit card can save you more money than you might have thought when you shop online, rent cars, travel abroad, or attend popular sporting events.
Credit card companies often compete with claims of low interest [...]
Shaky job? 7 ways to manage your credit
Credit cards are never more dangerous than when you're unemployed. Of course, if you're underemployed, they're rather dicey as well.
If you don't dread carrying credit card debt and being unemployed, you can always ask someone who's part of the 9.1 percent of the labor force that's out of work. It's simple math. When your income [...]
Balance Transfer , 0 APR Cards, Financial Literacy, Tips, Low APR
Starve a bank, feed your pocket
In 2010, Bank of America reported revenues of over $25.5 billion from their global card services business, of which nearly $18 billion, or about 70 percent, came from interest. That percentage has remained fairly consistent in the credit card industry over the past decade.
A year earlier, in the last two quarters of 2009, Capital One [...]
Interest / Fees
How to choose the best credit card
With hundreds of credit cards available, choosing the best one can be mind-boggling. Do you want cash back? Do you want airline miles? Do you want points when you shop? So many decisions!When it comes to choosing the best credit cards, it pays to be proactive rather than reactive. Credit card offers through the mail [...]