Thursday, February 2, 2012

This week's top story: IRS: Rewards may be taxable

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More credit card news | Credit card help | Credit card videos | Credit card statistics February 2, 2012
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Top credit card stories

Reward point 'gifts' are taxable, says the IRS
Depending on how you obtain them, rewards may be taxable as income, according to tax experts and the Internal Revenue Service. More... 
Pros and cons of tax refund prepaid cards
Loading your tax refund on a prepaid card has its benefits, especially if you don't have a bank account, but watch out for fees. More... 
Americans want more credit, but banks remain leery
More Americans searched for credit in late 2011, according to the Federal Reserve, but most banks didn't make it any easier on them to get it. More... 
9 things your credit card receipt tells you
Those scraps of paper that litter your purse and flutter from your wallet at inopportune moments are actually worth paying attention to. More... 
Expert credit card advice

Cancel joint cards before divorce
'To Her Credit' expert Sally Herigstad
Getting divorced? Be prepared to cancel those jointly held cards and dissolve the debt before things are finalized. More...
 
Dad racks up card charges in son's name
'Opening Credits' expert Erica Sandberg
A father fraudulently opened a credit card in his son's name and charged $5,000. What are his son's options?
More...
 
Will wife's bad credit ruin her husband's?
'Credit Care' expert Tanisha Warner
After paying off delinquent debt, a wife wants to build her credit up without bringing her husband's down.
More...
 
If you close a card, do you lose your points?
'Cashing In' expert Cathleen McCarthy
Closing a credit card? In most cases, you should you use up all your points or miles or you might forfeit them. More...
 
More credit card news

Why Suze Orman's prepaid card doesn't make sense
She says the Approved card is for the unbanked, but our blogger discovers you need another card to load funds onto it. More... 
Infographic: The high price of love
When it comes to love, 2012 is going to be pricey and disappointing for many Americans, says an American Express survey. More... 
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CreditCards.com CARDMATCH

Credit card rate report
(as of 2-2-2012)
National Average   14.91%
Business   13.13%
Low Interest   10.40%
Balance Transfer   12.60%
Cash Back   14.45%
Reward   14.73%
Bad Credit   23.41%
Airline   14.54%
Student   13.77%
Instant Approval   15.49%

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