Read This Before You Switch from Credit Cards to Debit Cards

There is absolutely no question that banks and credit card issuers are rushing to increase interest rates and fees ahead of credit card reform legislation taking full effect.
They are scrambling to find new sources of revenue to replace the ones that have served them so well but will now no longer be allowed by law. [...]

Banks Reign in Overdraft Fees on Debit Cards

A couple of weeks ago we discussed how banks were drawing the ire of their customers and the attention of legislators for charging excessive overdraft fees to their debit card customers.
Well it seems as if they’re not quite as tone deaf as we thought they were. At least some of them anyway. Chase and Bank [...]

Excessive Overdraft Fee Charges May Trigger Debit Card Reform

The lousy economy has forced millions of Americans to turn away from lines of credit and credit cards. They have been increasingly using debit cards to pay for consumer goods and services which is seemingly the more fiscally responsible thing to do.
It almost seems laudable that we are now relying on funds that we have [...]

More and More Americans Are Turning to Debit Cards

As an alternative to paying cash or writing checks debit cards have seen exponential growth over the past few years. That growth trend is now being accelerated due to the recession. For the first time ever, according to 4th quarter figures for 2008, spending using debit cards has exceeded spending using credit cards.
That is a [...]

Prepaid And Secured Credit Cards See Growth

Many financial experts predict that prepaid and secured credit cards will become increasingly popular with consumers as the recession drags on. With traditional credit cards being harder and harder to get, many Americans may now find themselves turning to these instruments to make their financial transactions.
There are some distinctions in the way that prepaid and [...]