Consumers Grow Increasingly Less Satisfied with Credit Card Companies
A survey that was recently conducted by highly respected JD Power and Associates reveals something that I’ll bet you’re not going to be too surprised with. Most especially in these tough economic times.
The survey revealed that more and more credit card account holders are becoming dissatisfied with their credit card company. And as their personal [...]
White House Addresses Credit Card Abuses
The White House recently announced that it supports congressional efforts to bring about reform in the credit card industry. This dovetails with the Federal Reserve Board’s creation of the Credit Card Bill of Rights.
In case you don’t know, the Credit Card Bill of Rights is designed to limit the ability of credit card issuers from [...]
Credit Card Bill of Rights Can’t Come Quick Enough
The credit card Bill of Rights which was enacted by the Federal Reserve Board will not go into effect until July 1, 2010. That’s not quick enough for some people and Congress has taken up their cause. It would seem that our esteemed political leaders in Washington have finally been cured of their tone deafness [...]
We Support The Credit Cardholders’ Bill of Rights
There is presently legislation pending that will protect credit card account holders from arbitrarily having their interest rates raised. It is called the Credit Cardholders’ Bill of Rights and is co-sponsored by U.S. Representative Anna Eschoo (D – California).
Representative Eschoo recently wrote an editorial to her hometown (Silicon Valley) newspaper, the Mercury News where she [...]
American Express Paying Cardholders To Leave
American Express has just announced that it will pay cardholders $300 – to get lost. That’s right, Amex is actually paying some of their customers to take their business elsewhere. As we wrote in our last update, all credit card companies are now dealing with a huge number of defaults, coupled along with a substantial [...]
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 [...]
Beware Of Phony Credit Card Scam
The bad guys have found yet another way to steal using credit cards as their tool of choice, but in this case they are not credit cards but gift cards. Scammers and thieves are using Visa gift cards and passing them off as Visa credit cards. It is a rather simplistic, but dare I say [...]
If You Are Traveling To Europe Take Your American Express Card
Here is a quick tip for overseas travelers. If you are planning to travel to Europe you should most definitely take along your American Express credit card. While American Express isn’t as widely accepted across the pond as its cousins Visa and MasterCard, they do have a decided advantage, a physical presence in Europe.
Case in [...]
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 [...]
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 [...]