Thursday, February 23, 2012

This week's top story: Why the mortgage, card rate gap?

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More credit card news | Credit card help | Credit card videos | Credit card statistics February 23, 2012
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CreditCards.com's weekly newsletter features the latest consumer information and updates from the leading source of credit card news.
 
Top credit card stories

Why the mortgage, credit card interest rate gap?
Mortgage rates are near all-time lows while credit card rates are near all-time highs, and the gap between the two is wider than ever. What gives? More...
 
 
Watchdog to oversee collectors, credit bureaus
The Consumer Financial Protection Bureau announced its plans to oversee the nation's largest debt collectors and credit reporting bureaus. More... 
Q&A: 'The Behavior Gap' author Carl Richards
Richards, who draws financial concepts on napkins for the New York Times, stunned family and friends when he walked away from his mortgage. More... 
How to donate unused rewards miles, points
If your miles are about to expire, don't rush out and spend them just to get rid of them. Donate them to charity instead. More... 
Expert credit card advice

Don't restart the clock on expired debts
'To Her Credit' expert Sally Herigstad
If a collection firm contacts you on a debt that has passed the statute of limitations, don't ignore it, but don't reaffirm the debt. More...
 
Do debt help plans hurt your credit?
'Opening Credits' expert Erica Sandberg
With $35,000 in debt, a couple entered into a debt management plan for help, but worry how it will impact their credit scores.
More...
 
Is mom's account safe from your creditors?
'Credit Care' expert Tanisha Warner
A debt-ridden woman worries her creditors may come after funds in an account she holds jointly with her mom.
More...
 
How to maximize the value of your rewards card
'Cashing In' expert Cathleen McCarthy
Can't decide on a rewards card? The most important thing to consider is whether the card will match your spending habits. More...
 
More credit card news

Why dating and credit cards are alike
Our guest blogger says the same steps you take to improve your love relationships can be used to improve your relationship with credit cards. More... 
Video: Avoid the credit card balance transfer trap
Cut through the clutter and save time, money and aggravation by making the most of your credit card balance transfer. More... 
Get matched with the right credit card
CreditCards.com CARDMATCH

Credit card rate report
(as of 2-23-2012)
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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