Charging for charity: Credit card issuers give back
Credit card companies have been playing "the heavy" for the last few years, and it's easy to understand why.
As many consumers emerge from years of big debt accumulated on plastic, they point the finger back at financial-services providers, just like pod person Donald Sutherland fingering Veronica Cartwright at the end of the 1978 "Invasion of [...]
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5 ways to ruin your credit by age 25
Credit seems like one of those things that should develop slowly--the fine wine of your finances. Those small actions you take every day would collect over time so that, in a few years, your high credit score would help you sail through that new car purchase, apartment lease or mortgage application.
That may be true for [...]
Demystifying your credit score
Credit card issuers make fast decisions, bolstered by credit scores that boil down the last decade of your financial history into a three-digit score. A difference of a few points can upgrade your credit card rewards program or eliminate a balance transfer fee. However, few of us take the time to understand where our credit [...]
Best credit cards for retirees from our partners
It's amazing how clear a picture many folk conjure up when they think about retired people: lots of luxuriant silver hair, mahogany tans, golf courses, cruise ships, cocktails on the terraces of impossibly exotic five-star hotels ... Such is the stuff of brochures selling retirement products to working people.
In reality, every retired person is unique, [...]
Travel disaster protection? Your credit card
Safety in numbers, we're always taught. It's smarter to go out late at night with someone accompanying you than to make your way alone, and those who hike in the rugged wilderness without a companion could wind up like that guy in "127 Hours." Some personal finance and travel experts offer a similar take on [...]
Are you addicted to credit cards?
Carol, a costume designer in Portland, Ore., was addicted to shopping – and buying. While living in Southern California, she racked up more than $20,000 in credit card debt before she realized she was spending so much simply because it made her feel good.
"I had a compulsion," says Carol, whose last name [...]
Celebrities who can't get a credit card
Two Bahamian islands, 13-plus mansions, an English castle, a German estate, more than 50 cars including a $500,000 Lamborghini Miura, a Gulfstream jet, four boats, a $276,000 dinosaur skull--these are only some of actor Nicolas Cage's extravagances. Despite earning big money--$40 million between June of 2008 and 2009, for example--Cage's spending led to $14 million [...]
Supreme Court ruling supports credit card arbitration policies
In a 5-4 decision that affects anyone who carries a credit card or signs a cell phone contract, the U.S. Supreme Court ruled April 27 that companies can require customers to waive their right to participate in a class-action lawsuit, the Los Angeles Times reported.
The ruling in AT&T Mobility LLC v. Concepcion overturned an earlier [...]
What your mail says about your credit score
Once upon a time, letter carriers delivered, well, letters. You could expect cards from Grandma with $5 bills or handwritten notes from friends just saying hi. Much of that communication takes place over email now (except Grandma's dollars, if you're lucky).
Today, your mailbox has become the destination of bills, solicitations and, on a bad day, [...]
Finance your start-up with credit cards? Google did.
"Guitar Hero III: Legends of the Rock" recently became the highest-grossing game in U.S. history. And to think Charles Huang, the former partner of Harmonix and designer of the little plastic guitars, maxed out his credit cards to finance the company in 2007.
Same with Sergey Brin and Larry Page, who used plastic to fund Google [...]