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 [...]
Protect Yourself from Higher Interest Rates
Here is something your credit card company will never tell you: they are using any excuse that they can find to raise your interest rate. Did you realize that if you are late paying any of your bills that are unrelated to your credit card, your credit card issuer can then use that as an [...]
Credit Card Issuers Assist Their Cardholders
Credit card giants Citibank, Capital One, Discover Card, Visa and MaterCard have launched a new campaign that is designed to help their cardholders avoid defaulting on their credit card debt by offering to negotiate with them.
As the recession in the United States, and indeed the world, worsens, many people are finding themselves out of work [...]
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 [...]
5 Things You Should Not Do When Your Credit Cards Are Maxed Out
Times are tough for all of us right now. Both the housing market and the stock market seem to be in a free-fall with no end in sight. Many people have lost their jobs or have seen their income reduced significantly.
Having credit cards is a nice safety net in tough economic times. But when those [...]
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 [...]