Tuesday, April 13, 2010

This week's top story: Issuers roll out 'do it yourself' cards

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More credit card news | Credit card help | Credit card videos | Credit card statistics April 13, 2010
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Top credit card stories

Issuers roll out 'do it yourself' credit cards
More credit card companies are rolling out tools on the Internet that give consumers greater control of -- and choices over -- the features of their credit cards. More... 
Credit card balances continue free fall in February
Americans resumed their efforts to trim card balances last month, according to newly released Fed data. More... 
8 crafty ways to reuse, recycle old plastic
Don't want to clutter a landfill with all the plastic in your wallet? Turn your old, expired cards into clever, new creations. More... 
New rules open door for free credit scores
Due to new federal rules, millions of U.S. borrowers could get copies of their credit scores for free beginning in 2011. More... 
Expert credit card advice

How military spouses can get card rate reductions
'The Credit Guy' expert Todd Ossenfort
Jointly held credit card accounts between military spouses qualify for interest rate relief under the Servicemembers Civil Relief Act. More...
 
Minor's debt immune from collection efforts
'Opening Credits' expert Erica Sandberg
Be dubious about payment demands on old, forgotten debts, and don't pay what you don't owe out of ignorance.
More...
 
4 ways to shorten lengthy credit card payoffs
'To Her Credit' expert Sally Herigstad
Once the interest rate is jacked up on a card with a large revolving balance, explore options other than just paying the minimum.
More...
 
Escape from the 'balance chasing' loop
'Credit Score Report' expert Jeremy Simon
Don't be a victim of "balance chasing," where as soon as you make a payment on your credit card, the issuer cuts your credit limit.
More...
 
More credit card news

When was easy credit really affordable?
Those who pine for the days of easy credit for everyone don't recall what it really cost. More... 
APRs rise as card issuers tweak offers
The industry continues to writhe and adjust offers as card issuers learn to cope with the Great Recession and new regulation. More... 
Popular cash back card
Chase Freedom credit card

Credit card rate report
(as of 4-13-2010)
National Average   14.70%
Business   12.96%
Low Interest   12.24%
Balance Transfer   12.81%
Cash Back   12.57%
Rewards   14.85%
Bad Credit   20.17%
Airline   14.43%
Student   14.10%
Instant Approval   19.62%

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