Limited Options for Cards Sans Currency Conversion Fees
January 28th, 2010
Dear Creditnet: I received a credit card offer in the mail from the university I attended for graduate school. It’s a MasterCard issued by a major bank with no annual fee, and it also boasts no currency conversion fees for international transactions.
Is this a perk that’s common through other no annual fee credit cards as well? I travel overseas often, so this could really come in handy on future trips. More »
Posted By: Joshua Heckathorn | Comments (0)American Express Points for Taxes? No Thanks
January 22nd, 2010
It’s always annoyed me that we can’t pay our taxes with a credit card for free.
I mean, come on—it’s 2010, and I still have to cut a check or set up a direct debit to the IRS each year. It just seems so old fashioned.
I would much rather use my credit card to pay online, rack up rewards points, and enjoy having an extra 30 days or so before coughing up the cash to pay my balance in full. Wouldn’t you? More »
Posted By: Joshua Heckathorn | Comments (1)Fiore Pokes Fun at Credit Card Reform
January 14th, 2010In response to the CARD Act, credit card companies are desperately seeking to boost profits by resurrecting old fees and creating new ones.
The long-lost inactivity fee is one that’s been receiving a lot of attention in the media lately. Use your card too much, and you end up in debt. Use your card too little, and your credit issuer will slap you with a nasty inactivity fee for basically not being profitable enough. More »
Posted By: Joshua Heckathorn | Comments (0)The Inactivity Fee Returns
January 8th, 2010
2010 already looks like it’s shaping up to be the year of ever-expanding fees for credit cardholders.
While legislators are still celebrating and patting themselves on the back for passing the CARD Act of 2009, consumers, on the other hand, haven’t experienced much to be happy about at all. Credit limits continue to get slashed, interest rates are on rise, and credit issuers are resurrecting old fees or adding new ones in an effort to recapture lost profits. More »
Posted By: Joshua Heckathorn | Comments (0)
