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Capital One, Chase and Citibank Warn of Email Breach

Did you receive emails from credit card companies over the weekend that read something like the following? "Recently, we were notified of a system breach at Epsilon, a third-party vendor that provides marketing services to a number of companies. The information obtained was limited to the customer name and email address of some credit card customers. No account information or other information was compromised and therefore there is no reason to re-issue a new card."

Keeping Cash on Hand for Emergencies

The earthquake in Japan scared the crap out of me, and I was simply sitting in the comfort of my home nearly 5,000 miles away. I would find myself up late at night watching video clips on CNN over and over again thinking, "Did this really just happen?" The footage looked like something straight out of an apocalyptic movie. Really scary stuff!

How to Protect Your Credit Card from Smartphone Hackers

If you're at all like me, your computer is teeming with antivirus software, spyware guards, privacy alerts, and other enhanced security features.  It's what helps me sleep at night.  And if you're like me, you also rarely think twice about enacting the same kind of security measures on your smartphone. Maybe it's because I still think of my phone as, well, a phone, and not a personal database of extremely sensitive personal information, like social security numbers and credit card data.  In reality, however, our smartphones are pocket-sized treasure chests for identity pirates.

Short Sales and Foreclosures Have Same Effect on Credit

Are you confronted with a possible short sale or foreclosure on your home? If so, you may be wondering how long it will take your FICO scores to FULLY recover after one of these bombshells hits your credit reports. It's a great question, and it happens to be one that we receive emails about every day. Well, now we have some hard data from FICO that finally helps clear up all the confusion around FICO scores, short sales, and foreclosures.

Paying Taxes with a Credit Card Isn't Worth It

Thinking about paying your federal taxes with your credit card? Think again. While the Internal Revenue Service will accept credit card payments for taxes due, the IRS works with third-party collectors who charge a service fee per transaction.

Are Chip and Pin Credit Cards Coming Soon?

We still use magnetic stripe credit cards in the U.S., and it doesn't seem like a change is on the way anytime soon. On the other hand, many countries outside the U.S. have ditched the swipe and sign process for chip-and-PIN cards - also known as "smart cards". The best part of using these credit cards is that they never leave your hands. They are safer, more efficient, and are arguably better at preventing credit card fraud.

Ask Creditnet: Should I Cut My Credit Limit?

Dear Creditnet: My wife and I have excellent credit scores, but we used to only have one no annual fee credit card with a limit of $10,000 (balance is paid off each month). I recently opened another credit card with better rewards and it has a $20,000 credit limit. I've been told not to close out our first credit card account, but should I lower the credit limit on it to somewhere around $500 since we won't be using it? Or will our credit scores be negatively affected by lowering our available credit limit from $30,000 to $20,500?

Will St. Patrick's Day Break the Bank?

But that's not to say that St. Patrick's Day isn't mighty. March 17th is about celebrating a nation's heritage as much as it is to indulge in a pint or two (or three). St. Paddy's is often overlooked in favor of such blockbuster boozing holidays as New Year's Eve and the 4th of July. But does it deserve to be stuck in the minor leagues of spending?

Financial Spring Cleaning: A System to Organize Your Finances

Daylight Saving Time is upon us and spring is right around the corner.   As the yearly weather cycle starts anew, you’re most likely trying to find motivation for spring cleaning and, once again, getting your life in order.  We may not have any advice on how to better organize your house, but we do have a system to get your finances in order.

Don't Miss Out on Your Q1 Chase Freedom Bonus

If you're a Chase Freedom card user, you should already know that you can get 5% cash back on purchases in certain categories that fluctuate every quarter. But did you know that you need to activate this free benefit every quarter?

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