5 things your credit card company won't negotiate
You've gotten yourself into some financial trouble - overspending when work is slow or nonexistent. You are hoping to negotiate with your credit card issuer to give you some wiggle room with those monthly payments.
Go for it, says Mike Sullivan, director of education for Take Charge America, a non-profit credit counseling organization in Phoenix. "I [...]
Top Articles, How Cards Work
10 signs you might be a credit card geek
It's cool to be a geek these days. It's even cooler when your geekdom saves you money and lets you live a more lavish lifestyle. (Even if that just means you can bump up to three Netflix DVDs out at a time instead of two.) Comparing rates and fees online doesn't make you a credit [...]
What factors determine the credit limit you get on a credit card?
Credit card issuers have spent the past few decades developing a complex "matrix" system to match your credit profile with the "right" credit limit. Picture your credit score running down the left-hand column of that matrix, and your income running across the top row. An underwriter then sets optimal credit limits based on which block [...]
Miscellaneous, How Cards Work
6 luxury credit card perks
Signup bonuses and rewards points aren’t the only ways today’s best credit cards pay for themselves. Customers who qualify for “elite,” “platinum,” and “signature” credit cards often earn extra perks that can save time while eliminating common expenses.
Repaid baggage fees
American travelers have grudgingly grown accustomed to paying for checked bags on flights. While many airlines [...]
If Olympic athletes were credit cards...
Even casual sports fans can’t resist the lure of the Summer Games. The 2012 London Olympics will feature an eclectic group of accomplished athletes from all over the world. Yet, unlike major league superstars, spectators won’t know most of their names. The CardRatings.com research team decided to mash up some of today’s most promising credit [...]
5 outrageous credit card purchases
Though few consumers make truly outrageous purchases at the spur of the moment, credit cards offer security for big ticket spending. Likewise, many retailers prefer to handle large transactions with help from credit card issuers' fraud prevention programs. Five of the world's most outrageous credit card purchases illustrate some extreme spending:
A single bottle of beer, for half [...]
Should you use peer-to-peer lending to pay off your credit cards?
When Matt Jabs compared the interest rates on his three credit cards and auto loan with those offered through a popular peer-to-peer lending site, it was a no-brainer to use the service.
"All were at a higher interest than the interest rate through Lending Club," he said. "It also simplified my repayments."
As the founder of websites [...]
Attack of the clones: why you're at risk for a credit card scam
Have you used your credit card at a restaurant or gas station lately? That's all it could take to make you a victim of a credit card scam.
The scam in question is what's known as "cloning," which entails stealing your credit card's information and then copying the stolen data onto another card to make purchases [...]
The well-rounded wallet: 4 essential credit cards
Unless you're prone to overspending, in which case you should limit the amount of plastic you pack in your wallet, there are advantages to having more than one credit card at your disposal. To take advantage of the many features and benefits of credit cards, it can be worthwhile to carry four distinct types of [...]
Running up the credit score
Valerie Howard of Nashville started planning her financial life at age 14. Now, at age 22, she has two credit cards, a car, a house, a healthy 401(k), and a good credit score.
A good credit score is something you may not think about -- until you need it to get the best credit card, buy [...]