Logan Abbott

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Logan Abbott

Logan Abbott is a personal finance and credit card expert with over 5 years of experience writing about each topic. He is a graduate of the USC Marshall School of Business, and also contributes to other online finance publications. He has been quoted in the New York Times, San Diego Union Tribune, TheStreet, and more.

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Recent Blogs

7 Elite Credit Cards for the Rich and Famous

May 10th, 2011 by Logan Abbott

The economy is still recovering from its near-collapse back in 2008 and the financial outlook for tens of millions of Americans is still challenging. However, times couldn’t be better for this country’s wealthiest citizens. In fact, their incomes have increased significantly in the past 3 years and they’re looking to spend. So, banks' offerings for the über wealthy are perhaps even more profitable than in years past. With ridiculously awesome benefits that have become a status symbol in upper class America, the wealthy are happy to accept. These aren’t your average zero interest credit cards. Here are the top 7 elite options if you’re rich enough to afford them:

 

Squareup: A New Market for Credit?

May 9th, 2011 by Logan Abbott

NFC chip technology is a market with huge potential for growth as smartphones and other mobile devices begin to replace cash and plastic in consumers’ wallets. In fact, there are some stepping stone applications which are particularly noteworthy in the move toward mobile credit card authorization. One company that can't be overlooked is Squareup.com, or “Square” as it's commonly called. Founded by Twitter co-founder Jack Dorsey, Square is nothing more than a shift away from the traditional use of credit card authorization terminals. Traditionally, credit card merchant services have been set aside for business-only transactions with a hard-wired connection. But what about the guy who runs a taco stand? What about if you want to split the tab on your dinner at Applebee's with a couple of friends? Square has not only helped to solve an immediate pain point, but has also done an excellent job in taking credit card merchant services to a completely untapped market segment: the consumer.

World's Most Expensive Shot for Cinco de Mayo

May 5th, 2011 by Logan Abbott

Much like St. Patty's Day, Cinco de Mayo is really just another day to party it up Mexican style for most people. And what's a Cinco de Mayo party without tacos and tequila? Tacos are no doubt one of the cheaper foods in life, but if you're in the mood to wash your taco down with something only a true high roller would consume, we've got the perfect thing for you.

 

The Misconceptions of Prepaid Cards

April 28th, 2011 by Logan Abbott

Let’s face it, the credit industry is complex and confusing. Hundreds of credit cards offer different ratios for miles, points, percentages of cash back, and other rewards. And now that we’ve gone through a roller coaster of a recession, getting approved for these cards may seem impossible for many of us. I work daily with clients who want and need the use of a credit card. As many of their financial situations have been pummeled, rebuilding credit is the first step they must take. One of the most common misconceptions about credit that I encounter centers around three words: prepaid credit cards.

Which Cities Suffer Most from Credit Card Debt

April 26th, 2011 by Logan Abbott

Still paying off your holiday debt? You're not alone. According to a recent national study, Americans across the county are still fighting the burden from their mounting credit card debt. Equifax, one of the three largest consumer credit reporting agencies in the United States, analyzed the 50 largest metropolitan statistical areas and metropolitan divisions to find out how areas cope with their credit card payments. With the average consumer credit card debt hovering around $4,000 dollars, there are many cities where residents' total debt accounts for over 17% of their total income. Even worse, there are tons of cities with debt well beyond the national average. Here are five cities that desperately need help for bad credit card debt.

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