Credit Cards

Credit Cards

Why Business Credit Cards Pose More Risk

Many individuals fail to recognize the major differences between business cards and consumer cards when searching the web for the best credit card offers. Unfortunately, due to this lack of understanding, households may find themselves at greater risk to higher fees and penalties when they choose business card offers over those marketed only for consumer use. This is because the Credit Card Act of 2009 does not apply to business credit cards at all. And since one in ten card offers sent out by credit issuers each month are for business cards, this means that many of the credit card offers landing in your mailbox will not protect you from undue risk.

How to Maximize your Airline Miles

Yowza! Have you looked at airfares lately? It turns out that the gas crisis doesn't hurt consumers just at the gas station; the airport has also become a place of despair for cost-conscious travelers. With airlines having to pay more and more on jet fuel, they have graciously handed the bill over to passengers to defray the costs. With these sky-high airfares, there never has been a better time to use your airline miles to fly you from point A to B.

How Young Is Too Young for Credit Cards?

Kids these days grow up so darn fast! When I was younger, I didn’t have a care in the world. I would run around outside for hours, playing games and hanging out with friends. The only time I needed money was if I had a hankering for a Slurpee from 7Eleven. In 2011, it’s different for most adolescents. Online games, iTunes, and $0.99 apps are everywhere, and they all require a credit card. Even those activities of the past cost money now. A child making payments, especially with a credit card, seems somewhat laughable, but it’s a reality.

4 Reasons You Shouldn't Hate Credit Cards

Many of us cringe when the word “credit” meets our ears. Fresh memories, some still in the making, flood our minds of people losing everything during these past few turbulent years.  Unfortunately, we have convinced ourselves to hate something we once loved so much. If you find yourself having turned against your once precious credit cards, here are four reasons you may want to think about rekindling that credit card romance once again:

Squareup: A New Market for Credit?

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, 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.

Mother's Day 2011: Money Lessons from Mama

Ahhh Mother's Day. It's time to treat mom to breakfast in bed, help out in the garden, and thank her for changing your dirty diapers. It's also a great time to remember all of mom's little lessons. As you grow older, you realize that the things mom taught can now directly be used as guidance for prudent financial decisions! Yes indeed, the seeds of financial intelligence get planted in young brains early on by caring mothers.

May the 4th Be With You: Best Star Wars Stuff Money Can Buy

Jedi fans will be roaming college campuses and city streets tomorrow wielding lightsabers and sporting their most authentic costumes in celebration of the unofficial Star Wars Day, May 4th.

Stemming from a play on one of the film's most popular quotes, "May the Force be with you", fans worldwide have twisted the phrase into "May the 4th be with you" and set aside this day to honor all things Star Wars. So don't be alarmed if you see people speaking weird guttural languages to each other, trying to open their car doors using the Force, or acting like their arm just got cut off in a lightsaber duel. It's all part of the fun.

For a true Star Wars fan, however, the celebration lasts longer than a single day.  You may have been embarrassed about your obsession with Jar Jar Binks action figures when you were in high school, but now that you're in college, there's no shame in letting your true colors shine through. In fact, there's nothing quite like surrounding yourself year round with the best Star Wars memorabilia student credit cards can buy.

Here are five collectibles that are sure to draw the envy of your fellow Star Wars geeks for many years to come:

1.) Yoda Backpack

Yoda Star Wars Back Pack

Most Credit Cardholders Dissatisfied With Rewards Programs

Capital One released results a few weeks ago from its very first "Rewards Barometer", a new survey to be conducted each quarter that seeks to evaluate consumers' opinions about their credit card rewards programs. What Capital One found was that the vast majority of people who use rewards credit cards, 78 percent to be exact, aren't completely satisfied with their rewards programs. Big surprise, eh?

The Misconceptions of Prepaid Cards

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.

VISA Contactless is Quickest Payment Method Ever


Ever since credit cards began featuring magnetic strips to hold personal information electronically, there has been very little innovation in terms of the way payments are processed by merchants.  Now, fifty years after the advent of magnetic strips, it seems the credit card industry is ready to take its next big leap forward. The good ol' mates down in Australia have recently unleashed an exciting new technology that may provide a glimpse into the future of credit cards.  The new innovation is called "Visa Contactless", and it works in conjunction with consumer iPhones.


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