Credit monitoring: prescription or placebo?
Identity fraud has become so widespread, it seems hardly anyone is immune to it.
Recently, the Federal Trade Commission found 5 percent of identity theft cases are targeting children, while the Carnegie Mellon Cy Lab noted that in over half those cases (54 percent), the child was younger than 14. Adults themselves are no stranger to [...]
Can you explain what the prime interest rate is and how it affects my credit cards?
When you hear journalists or credit card companies talk about the "prime rate," they're talking about the annual percentage rate that banks charge their very best customers when they need to borrow money. Those banks' very best customers aren't consumers like you or me, though. They're other banks.
Don't worry, though. Your bank's not trying to [...]
How Cards Work , Credit Card Rates / Fees
Should you pay for your wedding with plastic?
Gonna get married? The average wedding these days costs more than $28,000, according to TheKnot.com and WeddingChannel.com's annual survey.
Between the wedding and the reception, it can add up to a big chunk of change. While moms and dads are likely to help, you still could end up paying for a good deal of your big [...]
The dos and don'ts of maximizing credit card rewards
Free trips, free stuff and cheap gas. You know you can get it, and you want it. That's perfectly understandable, and it may be why you signed up for a particular credit card in the first place.
But as many long-time credit card holders know, just because you have a credit card that offers rewards, it [...]
How do I know if my credit card does that?
We've all heard about the platinum cards with VIP benefits. And most of us know how to play the credit card and airline miles game. But you most likely have a credit card right now in your wallet with perks and benefits available that you are not using. Many cards available with no annual fee [...]
How to leverage a high credit score
You have spent the last few years working hard to increase your credit score. And you finally have reached the magic credit score number of at least 760. But instead of just resting on your accomplishments, take this opportunity to turn your high score into more money in your pocket. By leveraging your credit score [...]
The 60-minute credit card makeover
At least once a year, you should take a look at your credit cards and see whether you're getting the best deals you can for your spending patterns. Is that a groan I hear? Don't worry, this review won't take weeks of research, or even a day! Beverly Harzog, a credit card expert and consumer [...]
Is owning a credit card even necessary?
Most of us reach into our wallets to pull out a credit card to buy a plane ticket or a pair of shoes we found online without even thinking about it. But for millions of people without a credit card, each of these purchases isn't as simple. People opt to not have plastic in their [...]
Do online tracking tools inspire spending or saving?
According to a 2012 financial literacy survey conducted by Harris Interactive, fewer than half of Americans track their expenses as part of a monthly household budget. Researchers from Rasmussen Reports reported similar findings in their own survey, adding that many of us without personal budgets rely on credit cards or personal savings when our paychecks [...]
If I use my credit card, can I get cash back when I buy something? Will I be charged a fee?
The answer to whether you can get cash back when you buy something with a credit card actually depends on what you mean by "cash back."
While credit cards are great for a lot of things, using them as a way to put cash in your wallet right away when making a purchase at a cash [...]
Credit Card Rates / Fees, How Cards Work