Thursday, March 1, 2012

This week's top story: Poll: Don't tax our card rewards, points

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More credit card news | Credit card help | Credit card videos | Credit card statistics March 1, 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

Poll: Cardholders balk at being taxed on card rewards
Hands off, Uncle Sam. According to a CreditCards.com poll, nearly two out of three rewards card owners say they would stop using their cards if the miles, points and cash-back rebates they earn were taxed as income. More...
 
 
How, when to pay taxes with a credit card
Many IRS tax payment options exist, including using plastic. But don't boost that balance before knowing everything you'll pay. More... 
Fed: Consumers hungry for new credit cards
Consumers are in the market for new credit and are running up more card debt, according to new data from the New York Federal Reserve. More... 
Spring clean your finances in 6 steps
It's not just the rugs and windows that need attention. Spring is also the perfect time to organize and refresh your finances. More... 
Expert credit card advice

On the hook for small business card debt
'To Her Credit' expert Sally Herigstad
An employee opened an American Express business card in her name for her company and is now being pursued for the debt. More...
 
6 tips for debt management plans
'Opening Credits' expert Erica Sandberg
Before you enter into a debt management plan, pick a credit counselor whose style and competence are a good match for you.
More...
 
Can a never-activated card hurt your credit?
'Credit Care' expert Tanisha Warner
If you get buyer's remorse after applying for new plastic, canceling it before it's activated won't impact your credit much.
More...
 
How to steer clear of blackout dates
'Cashing In' expert Cathleen McCarthy
Blackout dates drive frequent fliers mad and vary between airlines. These tips will help you navigate around the restrictions. More...
 
More credit card news

Study: Fees drive big bank exodus
A J.D. Power study shows that more consumers switched banks late in 2011 -- and when they did, fees were a big reason.. More... 
FTC: Biggest consumer gripe? ID theft
Credit cards and debt issues are tied in with many of the most-griped-about categories in this annual Federal Trade Commission complaint report. More... 
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CreditCards.com CARDMATCH

Credit card rate report
(as of 3-1-2012)
National Average   14.87%
Business   13.13%
Low Interest   10.40%
Balance Transfer   12.50%
Cash Back   14.45%
Reward   14.68%
Bad Credit   23.41%
Airline   14.54%
Student   13.77%
Instant Approval   15.49%

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