credit cards

//credit cards

Credit card usage is amazingly prevalent in western society.  The amount of transactions and debt held pursuant to those transactions is staggering and only seems to be growing.  These posts have to do with either my credit card use, credit card bonus rewards or other’s credit card use and bonuses.

Has the Credit CARD Act Benefitted Consumers?

It’s just over a year since the Credit Card Accountability Responsibility and Disclosure (CARD) Act came into effect but has it heralded a change for the better for credit card users? The bill was introduced to limit the ways in which credit card companies could charge consumers and though it was first passed in the 110th United States Congress it was never given a vote in the Senate. It was then reintroduced in 111th United States congress, was finally signed into law by President Barack Obama on May 22nd 2009 but did not actually take effect until February 22nd 2010. The reason [...]

By |2014-07-15T09:24:03-04:00March 11th, 2011|credit cards|10 Comments

What do your Credit Card Issuer and Your Gym Have in Common?

Do you ever wonder why so many people have a tendency to want to buy now and pay later? In most cases, we know in the back of our minds that we can’t afford to charge that expensive trip to Europe, especially with unemployment hovering around 10%. Still, we choose to do it anyway, hoping that the turnout will be a good one. It’s sort of like signing up for a gym membership, knowing that you won’t be going everyday for the next two years. But we convince ourselves it’s a good deal with some fallacious math, and we do it anyway, [...]

By |2014-07-15T00:25:17-04:00January 31st, 2011|credit cards|9 Comments

Don’t Sit Back, Attack Your Credit Problems

A credit card may be the last thing that someone with credit issues wants to look at, let alone use. Unfortunately for consumers aiming at a higher credit score, merely letting time work does not, in fact, work and a credit card represents the most efficient means of attaining credit improvement. Sure, the economy has been rough recently and the Great Recession led to a spiral of declining credit scores for multitudes of consumers—FICO, the most influential credit score agency, found that around 25% of Americans have bad credit after the recession. However, it’s now time for these people to confront their [...]

By |2016-10-25T10:44:02-04:00November 4th, 2010|credit cards|3 Comments

Heading Overseas? Time to Think About Your Credit Card

If you are planning on traveling abroad any time soon, then getting a new credit card may not be the first thing that you think about, but the first section of this article will tell you why it should be. Research conducted by Moneysupermarket.com found that over half of Britain’s credit card users (58%) chose their credit cards due to the incentives offered by their respective providers. With this in mind, if you are planning a trip overseas any time soon then an overseas credit card could be the perfect companion for you. Many people when traveling abroad don’t consider charges they [...]

By |2016-10-25T11:15:54-04:00August 12th, 2010|credit cards|5 Comments

I Have No Idea about Credit Card Rewards

The Wife and I have had similar views on credit cards for as long as I can remember - they are neither good nor evil, but rather just tools.  Well since the hammer that was beating me upside my head (e.g. debt) has finally ended, and with the start of the new year The Wife and I would like to start using a credit card like a useful tool.  Since I have been a credit junkie for most of my life, I had no idea where to start. I figured the first step in order to use a credit card as a useful [...]

By |2016-03-07T23:22:37-04:00January 5th, 2010|credit cards|10 Comments