Virtual credit cards: smart move or waste of time?
According to the 2011 Identity Fraud Survey Report released by Javelin Strategy & Research in February, the number of identity fraud victims in the U.S. dropped 28 percent in 2010, the first decline since 2007.
However, the nightly news is rife with reports of hackers gaining access to personal financial data, keeping consumers nervous that their [...]
ID Theft / Fraud
Credit CARD Act loophole could raise your rate
The Credit CARD Act of 2009 was enacted to curtail abusive practices by credit card issuers and protect consumers from out-of-control fees and interest rates that seemed to fluctuate daily. But is the CARD Act the firewall consumer advocates wanted, or just a new way to be completely confused by the fine print?
Well…both. There are [...]
Why it pays to be a credit card deadbeat
Freeloader. Mooch. Deadbeat.
You'd never want your bank to call you any of these names. However, after a series of financial reforms that has upended the banking industry, lenders can't wait to issue some of their most prestigious credit cards to deadbeats.
As Inigo Montoya might have said if he were a banker in "The Princess [...]
Best airline rewards credit cards from our partners
Airline travel has come a long way – and not necessarily in the right direction – from its "golden age" in the 1950s. Gone are the days of five-star cuisine and abundant leg room during what can only be called a truly magnificent experience. In those days, the journey was part of the joy.
Fast forward [...]
Can your credit score help the card issuer?
Everyone knows about the FICO score, but it's not the only thing credit card companies look at when deciding how much of a credit card deal to offer you.
You probably won't be surprised to learn that credit card companies consider your revenue, or how much money comes in, when deciding whether to offer you credit. [...]
Will a little white lie hurt your credit application?
If you're tempted to fib about your income on a credit card application so you can get the best rewards credit card available, well, think again.
That little white lie could put you in the slammer.
Credit card issuers care…about your income
Prodded by federal regulations and mauled by a tough economy, banks and other credit card issuers [...]
6 surprises hidden in the Credit CARD Act
No. 5 Most-Viewed CardRatings.com Article of 2011*
When the Credit Card Accountability, Responsibility and Disclosure Act was ushered into law, it was heralded as a way to protect consumers from unfair and deceptive practices by credit card issuers.
But while the new law provided some consumer benefits, many finer points of the CARD Act are complex and [...]
Good credit gone bad: 3 things you must do
You've been good. Your credit cards are current. Up until now you've had stellar credit and you've been able to charge purchases to your credit card without giving it a second thought.
Now, it's uh-oh time.
You didn't see your employer headed for financial trouble. You're hanging on, but you've taken a huge pay cut.
Or, you weren't [...]
Forget FICO: What’s your application score?
There's a lot of worry going around about the FICO credit score. It can be like a sleeping giant you don't want to wake.
Carry too much debt, and you could wake the giant and see your score plummet. Never carry debt, and the giant won't like that either. Apply for too many credit cards at [...]
7 reasons to choose credit, not debit
Debit card use has increased significantly during the recent economic downturn, particularly for smaller purchases, according to Pulse. But it's too soon to predict the demise of the credit card. For those who use credit responsibly, credit cards are still king.
The prudent use of credit cards can help you tremendously when it comes to buying [...]