Credit Cards

How to get the most out of credit card rewards

How to get the most out of credit card rewards
Well, the CARD Act has been in place for a few months now, and one of many predictions that hasn't come true (so far, at least) is that credit card companies would drop their reward programs. So you can keep on enjoying those extra perks for your expenditures, just be sure you're getting a good deal when it comes time to "cash in" those points. As CreditCards.com points out, there are more ways you can spend your rewards than ever these days, so

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Should you give your teen a credit card?

Should you give your teen a credit card?
Pens, check. Calculator, check. Notebook, check. Credit card? As kids head back into the classroom, parents of teens may find themselves wrestling with a far-from-academic question: Should you let your son or daughter have a credit card? Thanks to the CARD Act, the question is now more in your hands than ever before. Lisa Goell Sinicki, owner of a public-relations company in Peaks Island, Maine., says she added her 16-year-old daughter as an authorized

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20 purchases to avoid making with your credit card

20 purchases to avoid making with your credit card
American Public Media's Marketplace recently asked the author of "Credit Card Nation" to help put together a list of 10 purchases to avoid making with a credit card. It's no secret that our purchasing histories are carefully watched by credit card-issuing banks, not only for opportunities to inspire us to spend more, but for early warning signs that we might be in financial distress. Marketplace's list of 10 things to not pay for on credit: Traffic

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Business credit cards still vulnerable to rate spikes, big late charges

Business credit cards still vulnerable to rate spikes, big late charges
The landmark CARD Act ushered in a host of consumer protections to keep us from being victimized by credit card companies. One of the biggest loopholes in the law is that it excludes business credit cards, so issuers can still do things like pile on the penalties for missing a payment by minutes and jack up an interest rate at a moment's notice. Is it any surprise, then, that card companies are becoming more aggressive in peddling these cards, not

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Afraid Your Credit Card Data Was Hacked? Here’s What to Do Now

Afraid Your Credit Card Data Was Hacked? Here’s What to Do Now
It ain't pretty and it never is. No one likes to hear that their bank, credit card issuer, transaction processor, or any of the merchants they've used who issue plastic has been hit with a security breach. In the latest hack attack, which was revealed Friday, third-party credit card processor Global Payments (GPN) said that it believes up to 1.5 million credit cards issued in North America may have been compromised, with security thieves potentially

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You’re a Responsible Borrower? ‘So What?’ Say Credit Card Banks

You’re a Responsible Borrower? ‘So What?’ Say Credit Card Banks
Lately, the banks that issue credit cards have seen some significant improvement in the way their customers have been treating them. But it probably comes as no big surprise to discover that the card companies aren't repaying the favor. Last week, several card issuers released May figures on the health of their credit card lending. Specifically, each bank spelled out the percentage of their loans that they don't expect to be able to collect (known

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Will New Credit Card Rules Hurt Women?

Will New Credit Card Rules Hurt Women?
While consumer advocates welcome new regulations that will prevent banks from dishing out credit to anyone, regardless of their ability to pay it back, some bloggers and lawmakers express concern that the new rules could potentially cut off credit to stay-at-home moms or even women in abusive relationships.The Federal Reserve Board is developing rules, as it was mandated to by the implementation of the CARD Act, that limit banks' ability to offer

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Disclosures on credit card applications improve, study finds

Disclosures on credit card applications improve, study finds
We here at WalletPop tell you over and over again to read the fine print in anything you receive from your credit card company, but a new study aimed to figure out just how forthcoming card companies are before you even get to the fine print. Website CardHub.com evaluated credit card applications from America's top 10 issuers to discover if you know what you'll be getting yourself into before you start squinting or have to pull out a magnifying glass.

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Karl Marx Credit Cards Prove a Hit in Eastern Germany

Karl Marx Credit Cards Prove a Hit in Eastern Germany
By Sophie Duvernoy Two decades after the fall of the Berlin Wall, some eastern Germans are once again carrying round images of Karl Marx -- if only in their pockets. The disappearance of communist former East Germany has not deterred them from using credit cards emblazoned with the image of the man who foretold the end of capitalism and the triumph of communism. More than a third of customers at Sparkasse Bank in Chemnitz opted for the picture of

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What credit card companies can and cannot do to your account

What credit card companies can and cannot do to your account
Almost every day Wallet Pop gets questions about what may appear to be illegal actions by credit card companies. Unfortunately, in most cases the credit card companies can get away with closing your account, changing your interest rate, dropping your credit limit and changing your rewards programs, provided they give you proper notice. Bill Hardtop, CEO of Low Cards.com discussed by email some of the key questions people ask about current credit

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