Many people rationalize using a credit card based on reward points. That’s no mistake, as companies can lure tempting points, prizes and packages as incentives for using their card.
You may get the hard sell at your bank, where they offer “bonus” points or miles for singing up, and you’ve likely received some mail with these [...]
You may have noticed something called “convenience checks” in your credit card bills or other mail from your credit card company. When you get these, be very careful about what you decide to do with them.
These checks, often mailed in small sets and to be used for balance transfers or certain purchases, do not work [...]
Tax season is in full swing: You only have about three weeks left to complete your tax return and get it in the mail. But if you received a big credit card settlement in the last year you may want to take some extra time getting your returns in order.
Forbes.com has a timely blog that [...]
Whenever a credit card is swiped someone has to pay a fee for that transaction. We often assume that the business owner will cover that charge, but that isn’t always the case.
A waitress in Illinois is suing her former employer after the credit card transaction fees were taken out of her paycheck.
Julia Hendrickson alleges that [...]
The new credit card laws are having some unexpected consequences for credit card holders.
While many analysts expected credit card companies to cut back on perks for customers, CNN Money is reporting that in many cases banks are aggressively increasing their paybacks.
The perks are popping up by as much as 25 percent for reward points and [...]
Bank of America is the first major bank to end the practice of overdraft fees on debit cards.
The New York Times has the report, calling the development the end of “$40 cup of coffee.”
Before the recent credit card reform, overdraft protection was a “service” offered by most banks. Customers were often automatically given the service, [...]
As the economy remains tight, CNN takes a look at what may be a growing problem for many families: Hidden debt.
When times get tough, many people are inclined to cover up what they hope will only be short-term debts.But not being open about your debt relief needs may compound the problems.
CNN highlights the strain this [...]
In an new interview with the Associate Press, the CEO of FICO, one of the major credit reporting and credit scoring agency, said that credit cards are becoming more important to Americans than ever before.
Using internal data, FICO is a growing trend that Americans are paying off their credit card debt before paying off other [...]
Today is Credit Card Act Day, the day when the long-awaited and much discussed changes to your credit card bills kick in.
Signed last May, with some parts slowly taking effect over the last few months, the full force of this law kicks in today.
Credit card companies began adjusting to the laws last fall, but you [...]
With the new credit card laws just weeks away, you may have noticed some changes in you recent credit card statements.
The big credit card companies have been testing new offers and making adjustments to terms as they try to find new ways to make money under the new laws. The most commonly affected areas: Interest [...]
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