Have Debit Cards Eliminated The Need For Bank Checks

With the increased popularity of the bank debit/charge card, many checking account holders may wonder why they should bother ordering bank checks at all. The truth of the matter is that bank checks are still very necessary in today’s society for a number of reasons.
Further, due to the fact that bank checks can be [...]

Consumer Credit Fairness Act

Lenders that seek to charge excessive interest rates have become the target of Democratic Sen. Sheldon Whitehouse of Rhode Island. The new legislation, which was introduced in January, is called the Consumer Credit Fairness Act.
Last week Whitehouse told a Senate hearing on credit card practices that the “standard credit card agreement gives the lender the [...]

Inactivity Can Cost You Your Card

Here is a new trend amongst credit card companies, cardholders that do not use their credit cards over the past 12 months are in danger of either having their credit limit reduced or losing their credit card altogether. Either scenario may result in the lowering of your credit score.
And yes, you guessed it, it is [...]

Chase Raises Fees On Unsuspecting Customers

Here is a tough one to swallow. Chase just announced that they would be raising fees on credit card account holders that locked in fixed low APR terms. It seems as if cardholders that carry a balance and had the foresight to jump on low interest or 0% interest offers with the promise that if [...]

Credit Card Companies Marketing On Campus

Credit card companies have aggressively marketed to students for many years now. But apparently that in your face marketing strategy has reached critical mass at some college campuses. Michigan State University has a deal worked out with Bank of America whereby Bank of America is given a list of MSU students, alumni and season ticket [...]

What You Must Know About Prepaid And Secured Credit Cards

With more and more banks and credit card issuers restricting the flow of credit, consumers are finding it increasingly difficult to get approved for credit cards. This coupled along with the fact that the recession is now making it necessary to be less reliant on credit has sparked a rise in popularity of prepaid and [...]

Know Your Rights As A Credit Card Holder

While Congress works on the newly proposed “credit card bill of rights“, I felt it was important that I share with you exactly what your rights as a credit card customer entail. After all, it will probably be months before Congress draws up this new bill.
Many cardholders have expressed everything from minor frustration to deep [...]

Capital One Financial Corp Reports A Record 4th Quarter Loss

Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area.
Capital One, a [...]