Compare credit cards, maximize rewards, and learn how to avoid interest and fees. Whether you’re looking for cashback cards, travel perks, or building credit, get the insights to choose the best card and use it wisely.
AT&T, Verizon, and T-Mobile are working on a program that could make smartphones a source of payment – taking the place of credit and debit cards, according to a report released last week by Bloomberg. It’s reported that a pilot project is planned for stores in Atlanta and three other U.S. cities, where consumers can … Read more
Are you juggling payments on high-interest credit cards and wondering how to finally get ahead of your debts? A popular offer with both card holders and card issuers is a balance transfer to a 0% introductory rate credit card. These offers are typically for new applicants with excellent credit history and usually last anywhere from … Read more
Consumers should be very skeptical about offers from companies who claim they can reduce credit card interest rates, the Federal Trade Commission (FTC) warned on Friday. The FTC, the nation’s consumer protection agency, said that consumers are being flooded with robocalls – automated sales calls – from companies who offer to negotiate a lower interest … Read more
In the next stage of implementing the credit card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), the Federal Reserve Board on Wednesday proposed new rules to cut cardholder’s late fees and interest rates. The rules will amend Regulation Z, the Truth in Lending Act, and are set to go into effect in August … Read more
Beginning today, consumers are now protected against many tricky credit card practices that once caused confusion for cardholders. The new rules are part of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. Treasury Secretary Tim Geithner said in a statement, “With today’s implementation of new rules, we are taking a critical step … Read more
This article is a continuation of credit card Rules Part 1. Here’s a look at key changes you can expect when the new credit card rules take effect February 22, 2010. Rules about once-common practices that penalize cardholders who pay their bill on time Card issuers will be prohibited from charging interest on debt that … Read more
New credit card rules take effect February 22, 2010, and information will be covered in two articles. Let’s take a look at how key points in the new law will affect you, the consumer. New rules on terms and interest rates Card issuers must give you 45 days notice before they can: raise the card’s … Read more
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. credit card issuers must comply with most aspects of the rule beginning on February 22, 2010. “This rule marks an important milestone in the Federal Reserve’s … Read more
Getting your first credit card is a major stepping stone to financial independence. It’s nice to be able to cover surprise expenses or emergencies without having to borrow money from relatives. You will have the freedom to make purchases based on an anticipated paycheck. Even if you’re smart enough to only buy things when you … Read more
The credit card law that goes into effect in February, the CARD Act, will make it very difficult for many adults under the age of 21 to obtain a credit card without a parent co-signer or proof of their own income, the American Bankers Association (ABA) said in a statement on Tuesday. “The new credit … Read more
