Thursday, June 2, 2016

Most prepaid cards fail to disclose fees

 
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More Credit Card News Credit Card Help Credit Card Videos Credit Card Statistics




 

 
'Speaking of Credit by Barry Paperno
Why an old debt may vanish from credit report
If a legitimate debt disappeared from your credit report, hold off on celebrating -- it may be temporary.



 
'To Her Credit by Sally Herigstad  
Options for escaping penalty rate APRs
Six months of on-time payments can force issuers to review your rate.



 
'Opening Credits by Erica Sandberg 
Minor's parents put co-signed bank account at risk
The money in it is a parental asset that will tempt debt collectors, even if the minor earned it.
4 reasons to say 'no' to store card offer
Store cards are tempting, especially if they come with a discount on your initial purchase, but they have high interest and lower limits.

How a credit card can help you hold out for a better job
If you have a credit card with a high limit and no balance, it could give you confidence to not take the first paying job you come across.
Rate Report 
Credit Card Rate Report as of 6/2/16

National average 15.19% 
Low interest 11.96%
Business 13.12%
Student 13.42%
Balance Transfer 14.39%
Airline 15.17%
Cash Back 15.30%
Reward 15.30%
Instant approval 18.04%
Bad credit 22.56%
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