Dear Creditnet: I have a FICO score of 725 and I'm trying to find a 0% interest credit card that will allow me to transfer $25,000 from other cards so I can pay off this debt over the next year or so. It looks like the Citi Platinum Select Card offers the longest 0% interest period at 21 months, but will I get a high enough credit limit for this to work? I make nearly $200,000 per year, so I assume that will help my chances.

It’s a question we hear all the time from credit card users, especially in the younger demographic: “So what if I have bad credit?  I don’t have anything I need to go into debt for anyway.” This is a very risky line of thinking.  While young consumers (particularly students) may not be thinking about their credit at this stage in their life, they’re just around the corner from having it be an all-encompassing aspect of their adult lives.

Fees. It’s a word that no one ever wants to hear, but it’s especially shocking to long-time debit card users. Unfortunately for them, it’s also a word they’re hearing more and more often these days, with a budding trend within the banking industry that looks to add monthly fees for debit cards. Wells Fargo has recently joined a growing list of banks that now charge monthly fees for debit card users. And while the fees are usually only between $3-$5 per month, many consumers are outraged at the prospect of paying for their ATM cards.

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The CFPB is off to a rough start.  Still without a Director and lacking the day-to-day guidance of its mastermind Elizabeth Warren, I can't say this comes as a huge surprise.

The bureau did manage to get its much-anticipated credit card complaint system up and running by the time doors officially opened for business in late July.  Unfortunately, it wasn't running well.  Complaints logged by consumers weren't even getting forwarded to credit card companies for investigation due to technical glitches in the CFPB's system. Oops!

It seems like on every TV channel these days there’s always some “in-depth” report profiling a poor soul that has fallen victim to identity theft through an online scam. As a result, millions of Americans hold deep reservations against using their credit cards online, believing the same fate will fall upon them. At the same time, however, Americans pass around their credit cards to merchants in the real world without even batting an eyelash. But when you take a step back and compare how credit cards are used in the real world versus online, it’s actually easy to see that you have much less to worry about in cyberspace.