The Pros and Cons of Rewards Credit Cards
If you’ve done even a little research into credit cards, then you’ve likely run across a number of blogs and forums with stories about people using credit card rewards to earn big bucks and fund lavish vacations. But what’s the real story? Are credit card rewards really all they’re cracked up to be? The answer […]
Ways to Minimize Summer Vacation Debt
For most families, summer is the ideal time for a vacation; schools are out, the weather is warm, and most venues are open for business. But when we spend the whole year eagerly waiting for summer vacation to come ‘round, it can be all too easy to get swept up in making the most of […]
When it’s Time to Cancel a Credit Card
From the time we start building credit in our late teens or early 20s, many of us start collecting credit cards. Those credit cards inevitably begin to pile up, quickly overtaking even the most robust wallet. By the time you can hardly sit for the bulk of your billfold, the idea of canceling a card […]
Some Credit Cards Don’t Fall Under the CARD Act of 2009
In 2009, Congress passed the CARD Act (officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009) to protect consumers against excessive interest rates, fees and miscellaneous charges. The act prohibits credit card issuers from initiating fee traps, excessive interest rate hikes on existing balances that create consumer default or retroactive late […]
Credit Card Scams and Gimmicks to Avoid
With credit card issuers loosening their requirements for cardholders once again, consumers now have a number of choices available to them. At the same time, these issuers are offering a variety of gimmicky cards to attract people to their products. The problem is that many of these offers end up being scams, since with them […]