Thursday, July 21, 2016

'Plain vanilla' credit cards: 5 reasons to choose one

 
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'Credit Smart’ by Susan Keating
One day late, one dollar short means late fee
Paying a bit little, a bit late, will trigger a fee.



 
'To Her Credit’ by Sally Herigstad 
How to graduate from debit-only to being a credit card holder
Don't let fear hold you back from opening a credit card. Used properly, they're a useful tool.



 
'Speaking of Credit’ by Barry Paperno 
Authorized user doesn't like the piggyback ride
Don't jump off too soon; a close look at the entire credit profile may show it's a net positive.
Usernames and passwords, don't slow me down!
Blogger Kim Carmona shares why she prefers alternatives to usernames and passwords, such as a four-digit PIN or pattern recognition.

Barbie loses material girl image, and her credit card
A brand-new Barbie is about to hit store shelves, and she's shed her sparkly, blonde "material girl" image.
Rate Report 
Credit Card Rate Report as of 7/21/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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Thursday, July 14, 2016

Why we love that giddy high of a good card splurge

 
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'Opening Credits’ by Erica Sandburg
Unpaid fees from canceled card can end up in collection
When a card is canceled, triple-check that no balance remains.



 
'To Her Credit’ by Sally Herigstad 
Volunteering for jail isn't the answer to debt
When debt gets deep, don't despair there's help.



 
'Your Business Credit’ by Elaine Pofeldt  
Business partner's personal debts on card may be grounds for suit
Authorized users are normally not liable for card debts, but there is still an option for legal recourse.
Street performers now take tips via credit card
No need to dig in your pockets or purse to tip buskers; they may take plastic.

Despite good credit, I got socked with a high APR card
The APR I recieved was almost as high as the average APR for cardholders with bad credit and well above what my other credit cards charge.
Rate Report 
Credit Card Rate Report as of 7/14/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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Thursday, July 7, 2016

Credit use by generation: Who's doing the best job?

 
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'Cashing In’ by Tony Mecia
Card issuers impose limits on rewards card churning
Limits make it tougher to churn through credit cards to milk them for sign-up bonuses while ducking the fees.



 
'Opening Credits’ by Erica Sandberg 
New card application may renew debt collection
If you have debt in collections, creditors may come calling once they see you are seeking more credit.



 
'To Her Credit’ by Sally Herigstad 
Aging father's big card debt puts his home at risk
With equity in his home, he risks creditors slapping a lien on it for repayment, or worse, a forced sale.
At music festivals, cashless is all the rage
Instead of worrying about losing cards or on-site ATMs with high fees, festivalgoers can focus on the music.

Can fintech revolution preserve consumer protections?
It may seem like high-tech innovation has swept finance, but most of the advances are overlays on a banking system that remains fundamentally unchanged. 
Rate Report 
Credit Card Rate Report as of 7/6/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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