The recession seems to be taking a back seat as more people pull out their credit cards to pay for everyday items. According to The Christian Science Monitor, consumers racked up a total of $64 billion in credit card debt for the year 2011, and January 2012 has already seen an increase in credit card [...]
Continue Reading →For much of the last couple of years, most of us have paid little attention to the brewing financial problems of Europe, not because they weren’t that significant, but primarily because we have our own problems here at home. Although we are still neck deep in debt, deficit and recession worries, it’s becoming increasingly difficult [...]
Continue Reading →Among the myriad of new financial reform measures mandated by the Dodd-Frank bill two years ago was the creation of the Consumer Bureau of Financial Protection, a watchdog agency with the responsibility of ensuring that financial companies are following the law in their lending practices. Specifically, it is tasked with ensuring that all financial companies [...]
Continue Reading →Identity thieves and credit card scammers are more relentless than ever in their pursuit of your personal financial information, and as more people are opting to conduct their shopping and their financial transactions online, the number of credit card scams increases proportionately. Armed with nothing more than a computer keyboard and a geek’s knowledge of [...]
Continue Reading →The Southwest credit card 2 Free Flights is an offer too good to pass up!! At a time when most travel rewards credit cards are tightening the reins on their mileage programs, one is bucking the trend by making it ridiculously easy to earn free flights. For a limited time, the Southwest Rapid Rewards Plus [...]
Continue Reading →You’ve seen the commercials with people blissfully depositing checks straight through their smart phones, or the father making an emergency fund transfer to aid his daughter stranded in a foreign land. Mobile banking is indeed sweeping the country. It’s convenient, it’s cool, and it’s safe, that according to security experts who understand something about encryption [...]
Continue Reading →Bank of America debit card fees, what this means to you. The real question is; will other banks likely follow suit? If so, how will it affect consumers? It was only a matter of time. The banking industry, which has seen its profits squeezed as a result of bad loans and more costly regulations, has [...]
Continue Reading →What is the best rewards credit card when shopping for groceries, gas, clothes? Now that the banks are lurching towards charging fees on debit cards there really is no reason not to pay for groceries or gas with a cash-back rewards credit card. But, with the opportunity to earn up to 5% cash off of [...]
Continue Reading →Why do European credit cards have a chip instead of a magnetic strip and how does this relate to safety and travelers? The newest chip-and-PIN technology for credit cards is just around the corner in the United States which, with its multiple layers of security, is good for consumers. But, if you’re a traveler in [...]
Continue Reading →Wall Street Protest: Protesters’ Rage is on Target, but They’re Not Americans are struggling with just who these people are and what they represent. So, naturally, they are also questioning their true motivations.
Continue Reading →Ask anyone who has had a run-in with an incompetent or rude customer service rep from a credit card company and they will tell you to forget about the APR and the other bells and whistles when deciding on which card company to go with. Most will tell you that the lower APR or the higher rewards points are just not worth the aggravation of dealing with poor customer service, especially when things go wrong.
Continue Reading →As of late the credit card landscape has become much less rocky with issuers loosening many of the restrictions placed on new issues as a result of the banking crisis a few years ago. Also, considering that things are becoming a little bumpier on the debit card side with the prospect of higher account fees, it may be a good time to look at some of the new credit card offerings that could bring a good value, especially if you are now in the habit of paying your monthly bills in full.
Continue Reading →When a bank issues you a credit card it plans to generate revenue from you for at least four years by charging you interest and collecting a host of fees. If you carry a balance on your credit cards, your business will be very profitable for the bank. Why then do they insist on shaking us down for even more of our money every time we make a call to their customer service?
Continue Reading →You get a call one night from the security and fraud investigation division of VISA. The caller identifies himself, provides an identification number and then proceeds to tell you that your card with numbers ending with 4723 has been flagged for fraudulent activities.
Continue Reading →How to lower your credit card interest rate and more. You may have guessed by now that the credit card companies aren’t in business to be your friend. In spite of the warm and fuzzy mailers you receive telling you how much you mean to them as a customer, they would just as soon roll you over a barrel so they could collect all the change that falls to the ground.
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