Credit Card Statements Officially Change for the Better

Earlier this month things should have gotten just a little bit easier for credit cardholders. While it may not be the changes everyone is looking for, on July 1 a provision of the Credit CARD Act which outlined new rules for credit card statements took effect. These rules are intended to help cardholders get a better understanding of their credit cards, which hopefully allows users to save both time and money. In all these changes are a good start for ..read more

Get Access to your Issuers’ Credit Card Agreement

When it comes to your credit card agreement do you know what exactly is in yours? Whether you do or don’t the fact is that research shows the many people don’t. Even with the implementation of the CARD Act where issuers are now required to be more transparent, millions of people have yet to fully come to understand the details in the relationship with their issuers. Fortunately, this does not have to be the case as the Federal Reserve has ..read more

Many Move to Pay Off Credit Card Debt

Have you decided to pay off your credit card balances early? If so, you are like millions of other Americans looking to rid themselves of credit card debt. While it may have been harder to do in the pass it now looks many are using their monthly statements as incentives. As consumers start to get a better understanding of their credit card statements and the amounts they owe, surveys suggest that many are making the necessary moves to do something ..read more

Credit Card “Minimum Balance” Controversy

So do you carry a balance? If so, recent moves by issuers could be affecting you without you even realizing it. This is because it has recently been reported that some issuers have decided to continue some of the practices that they performed long before the coveted Credit CARD Act was signed into law. Although it is legal for issuers to do such a thing, in the eyes of consumers it is just the thing that would be expected from ..read more

Newest Credit Card Study Released

Have you ever wondered where your credit card issuer stacks up against the rest when it comes to fees associated with your card? How about how much fees have increased since the Credit CARD Act was implemented earlier this year. If so, a credit card study conducted by Bankrate.com may have the answers you are looking for and much more.

 

According the recently released study on credit card fees, it seems that so far this year the fees associated with your ..read more

Changes for Credit Cardholders that Go Over Their Limit

Have you ever gone over the limit on your credit card? Whether by accident or on purpose many Americans have at one time or another charged more than the allotted amount given to them by their credit card company. While in the past when one would go over their limit there was a fee involved; today, things are much different when one commits such an act. Although you may not be charged a fee exactly, according to an article entitled ..read more

American Express Giving Prepaid Card “PASS”

When it comes to the world of prepaid, we have seen many changes within the industry across the last couple of months. With the addition of seeing more people grow comfortable with using prepaid cards, we have also seen many new products enter into the marketing looking to gain your attention. While at the moment there are very few made available by larger banks, they are slowly increasing in numbers as the amount of people utilizing prepaid cards grows.

 

One of ..read more

Credit Card Late Fees Still Garnering Attention

When it comes to credit cards while there has not been as much commotion from many of the changes that have occurred within the past couple of months, one that seems to still be talked about quite a bit is that of late fees.

 

As late fees have increased over the last couple of years, many people are unaware of how much they differ from each issuer. According to a study performed by Bankrate.com many of these fees fall into the ..read more

The Good, Bad, and Ugly of Co-Signing Student Credit Cards

When it comes to co-signing for any loan what is the first thing that comes to mind? As the answer will be different for everyone, since the implementation of the CARD Act millions of people have to rethink their position as a parent’s signatures is now one of few ways that those under 21 can get a credit card. Whereas some parents have been through co-signing before, now many have no other choice than to discuss this with their child. ..read more

Credit lessons from top personal finance bloggers

A few weeks ago, I was interviewed by CESI Debt Solution for a blog post on frugality tips. They asked me and 18 other personal finance bloggers a series of questions about frugality and posted it as a group interview. I was inspired by this concept and decided to do something similar: I interviewed seven of my favorite personal finance bloggers about their thoughts on credit cards and debt.

Read on to learn some tips and tricks about paying ..read more

Next Page »