Articles in Credit Cards
Legislation like the Credit CARD Act may protect you from exorbitant fees, bait-and-switch marketing and sudden increase in your interest rate, but who will protect you from rampant spending, irresponsible borrowing and living beyond your …
Those tuning into the news this weekend probably heard that Albert Gonzalez, the hacker who sometimes went by the handle of “soupnazi,” has pleaded guilty to stealing stealing 170 million credit card and debit card …
Much of the clatter in recent press and on the blogosphere (MYC included) has been over the recent spate of overdraft fees and other charges that banks are levying, ostensibly in order to makeup for …
In July 2009, MYC covered some of the tricks that credit card issuers were using to tiptoe around the Credit CARD Act and still make big profits. What was supposed to be a devastating year …
The New York Times has been providing some excellent insights into the tumultuous changes in the credit card and banking industry. Today’s edition has an article entitled “The Card Game: Overspending on Debit Cards Is …
Your interest rates have soared. Your minimum payments have swelled to copious figures. Your rewards have been hacked down like rogue cornstalks in summer. It’s the straw that breaks the back of your tenuous relationship …
How much is your creditworthiness worth? A pita? How about a pizza? What if we threw in a t-shirt? Perpetually cash-strapped and impetuously motivated college students have long been an easy target for banks and …
At the end of the day, the key ingredients to mastering your card are discipline and diligence. For most, this means devising and implementing a system that works for them to keep their finances …
Yesterday, we briefly discussed some of the recent drawbacks of debit cards, which elicited an interesting comment Dawn from Getting Nine Hundred: because she gets her card through a credit union, she doesn’t get the …
Yesterday, J.D. Power and Associates released their 2009 Credit Card Satisfaction Study. The results: we are not so thrilled. After polling over 9,000 credit card users, the overall credit card customer satisfaction rating is at …
Guess what? You’re paying more on your credit card purchases than the interest rate listed in your terms. But wait, don’t go grabbing for the pitchforks yet – the usual credit card issuer trickery isn’t …
Credit whizzes and personal finance gurus are always talking about good debt vs. bad debt. Good debt, the argument goes, is debt that finances an investment – a home, an education, a business loan. It’s …
Your FICO score impacts your life in obvious ways (getting loans, determining interest rates) and ways that may surprise you. Creditors, lenders and even employers are looking at your credit score and your FICO rating …
identity theft schemes involving credit cards, skimming is one of the most common and hardest to prevent. While the equipment involved with a skimming scheme may be high tech, its execution requires a frustratingly low …