January 6, 2012 – 8:30 am | One Comment

Your best defence against making credit card mistakes is knowledge, and understanding some of the most common myths and misconceptions about credit cards can help you know what you need to manage the plastic in your wallet.

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Articles in Credit Cards

To Close or Not to Close
October 20, 2009 – 6:36 am | 5 Comments
To Close or Not to Close

The rates are climbing. The debt is mounting. The rewards are waning. The security risks are growing. So, what should you do with your credit card? Close it or keep it?
There are sound arguments for …

Consumer Reports’ Credit Cards Worth Holding
October 16, 2009 – 5:32 am | No Comment
Consumer Reports’ Credit Cards Worth Holding

In the November 2009 issue of Consumer Reports magazine, they had a rundown of “credit cards worth keeping.” This is an especially useful list now that terms are changing and many of us are considering …

MasterCard, Visa (Cauldrons) to 7-Eleven (Kettle): You’re so Black
October 12, 2009 – 7:30 am | No Comment
MasterCard, Visa (Cauldrons) to 7-Eleven (Kettle): You’re so Black

Let’s play a quick game. Guess by who this comment was made and at whom: These companies “used deceptive language to trick their customers into signing something they thought would save them money.” (WSJ) You …

FICO vs. VantageScore and the Truth About Free Credit Scores
October 9, 2009 – 4:28 am | No Comment
FICO vs. VantageScore and the Truth About Free Credit Scores

Ever have this happen?: you pull one credit score and you get say, 667 and then you pull it again from another bureau and get 573. Has something gone terribly wrong with your credit rating …

The MYC Link Roundup: Free Credit Scores, Debit Trends and More
October 8, 2009 – 3:55 am | No Comment
The MYC Link Roundup: Free Credit Scores, Debit Trends and More

Today, we’ll be taking a look at some essential and interesting links and articles from around the web on the topic of credit cards. With the economy in a rut and new credit card and …

Bank of America: The Nice Guys?
October 7, 2009 – 5:02 am | 2 Comments
Bank of America: The Nice Guys?

The results are in, and according to numerous studies, we’re pissed about our credit cards. We’ve had our credit limits slashed, our rewards cut back, our interest rates hiked and our coffers raided by fees, …

Nickled and Dimed: The High Cost of Banking While Poor
October 6, 2009 – 7:23 am | 5 Comments
Nickled and Dimed: The High Cost of Banking While Poor

You load sixteen tons, and what do you get?
Another day older and deeper in debt.
Saint Peter, don’t you call me, ’cause I can’t go;
I owe my soul to the company store…
That’s the chorus to an …

Futuregoof: 4 Grand Frustrations in Credit Card Technology
October 5, 2009 – 12:11 pm | No Comment
Futuregoof: 4 Grand Frustrations in Credit Card Technology

Our era is one marked by explosive technological growth. It seems like just as soon as you’ve figured out the latest gizmo, then it’s no longer the latest. In this way, we more often find …

Investigating Old or Inaccurate Addresses on Your Credit Report and Why You Should
October 2, 2009 – 11:51 am | One Comment
Investigating Old or Inaccurate Addresses on Your Credit Report and Why You Should

One thing you should know by now about credit: your past always comes back to haunt you. This is especially true for old addresses. In the best case scenario, an old address on …

Credit Card Review: Chase Freedom
October 1, 2009 – 5:11 am | No Comment
Credit Card Review: Chase Freedom

Chase Freedom has always been a favorite among card users seeking cash back rewards. But in recent months, there have been some big changes to this card that was once the hands down best card …

Required Math for Credit Card Users
September 30, 2009 – 5:42 am | One Comment
Required Math for Credit Card Users

Sometimes the best stumps for reform come from the mouths of jesters. Consider this bit from Maria Bamford:
I really think that before giving me a credit card they really should have given me a math …

You’ve Got Service Charges! What to Do When Free Stops Being Free
September 29, 2009 – 6:33 am | No Comment
You’ve Got Service Charges! What to Do When Free Stops Being Free

Have you been checking your credit card or checking account statements regularly? If not, you should be. You may notice some new, mysterious charges. In 2007, I signed up for a checking account with Citizens …

How to Avoid Getting Scammed in College
September 25, 2009 – 5:31 am | No Comment
How to Avoid Getting Scammed in College

College students often fallen easy prey to scams. And by scam, I don’t mean the whole system of going into debt for a marginally useful degree (jury’s still out on that one…). Students are increasingly …

Debit, Credit, Charge It: Your Choices in Plastic
September 23, 2009 – 7:41 am | One Comment
Debit, Credit, Charge It: Your Choices in Plastic

Welcome to the post-recession credit market, where banks are paranoid about lending, consumers are wary of fees and everyone’s keeping a closer eye on their credit rating. In this new dawn of shell-shocked borrowing, many …