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Millennials Leading the Way in Healthy Credit Card Habits

young credit cards

“Do as I say, not as I do.”

At some point or another, every child in the country will hear his mother or father utter this immortal parenting phrase.  If you've heard it, you know just how annoying it can be.

However, despite the inherent injustice of the phrase, it appears the younger generation of Americans has actually taken this advice to heart.  Well, at least in the world of credit card spending habits.

The Side Effects of Bad Credit

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.

Review of Southwest's Rapid Rewards Plus Credit Card

Chase pulled the plug last month on its popular 50,000 bonus point Southwest Premier card offer. However, As of Monday August 8th 2011, its replacement hit the market—the 25,000 point Southwest Airlines Rapid Rewards Plus credit card. This is a pretty standard offer from Southwest, so I wouldn't say it's anything to get too excited about. If you don't need the card right away so you can redeem the 25,000 points, you may want to try waiting for a better promotion to hit the market in the coming months. It could very well happen towards the end of the year or in early 2012.

Debit Card Fees: Coming to a Wallet Near You

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.

Creditnet's Back to School Prepaid Debit Card Giveaway

We're excited to announce the official launch of our "Back to School Fun Fund" giveaway this morning! Enter to win up to a $500 prepaid debit card from Creditnet.com.

CFPB's Credit Card Complaint System Struggling

[caption id="attachment_4922" align="alignleft" width="262" caption=" "]Consumer financial protection bureau[/caption]

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!

How to Rebuild Credit After Bankruptcy

Going through a bankruptcy can be painful, but the bankruptcy itself usually isn't what causes all the ulcers and sleepless nights. Those often arrive in full force after the bankruptcy is finalized and you're trying to repair your damaged credit.  The process can be infuriating! Fortunately, the mantra "time heals all wounds" directly applies to rebuilding your credit as well.  Of course, that doesn't mean you should just sit back and do nothing to improve your financial situation, so let's discuss a few of the practical methods you can use to rebuild your credit after bankruptcy.

Why Using Your Credit Card in a Restaurant is More Dangerous Than Online

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.

How to Rack Up Airline Miles

It seems as though airlines are doing every little thing they can lately to tack on fees (American Airlines, for example, now charges $8 for a blanket and neck pillow) while simultaneously curtailing service (removing a number of lavatories to make room for more seating). Somewhat paradoxically however, airlines also love to offer incentives for flying with them. The most common among these incentives are of course frequent flier programs, in which points accumulated through travel and other purchases can be applied as airfare discounts and upgrades. Unfortunately, there's not much we can do about $8 blankets or the lack of sufficient lavatories. What we can do as savvy travelers is find the best ways to take advantage of the incentives airlines actually still provide. Here are some tips on how to rack up airline frequent flyer miles as fast as possible:

Citi ThankYou Premier Card Review: What's Changed?

(Update: This offer is no longer available. Check out the current listings of available Citibank credit cards on Creditnet.com.)

I've been reviewing (and personally using) the Citi ThankYou Premier Card since 2008 when it was originally called the Citi PremierPass Elite Card.  I loved it back then, and I still "like" it a lot today. While there's no doubt Citi has watered down this card offer quite a bit over the years, the fact is it continues to rank among the top tier of travel rewards credit cards. Feel free to read my previous review for all the details about why the "Citi ThankYou Premier Card Still Makes Me Smile".

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