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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.

5 Common Financial Scams and How to Avoid Them

Our sensitive financial information is transferred on a daily basis. Whether it’s making a purchase online or checking our bank account, it’s no wonder that thousands fall victim to financial scams each year. Millions of dollars are lost annually by unsuspecting consumers who don’t manage to catch the signs of a financial predator looking to take whatever they’ve got. Whether you use personal checks or secured credit cards, you need to be aware of financial threats so you can stay vigilant. Here are five common scams with tips on how to protect yourself.

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.

The Global Guide to Tipping

In the United States, tipping is part of our society. Often times when receiving a service, we feel obligated to tip an extra few dollars for a job well done. In a country built on competition and capitalism, it's no surprise that tipping has been embedded in our social contract since the 1800’s. However, the same cannot be said for other countries around the globe. There’s a stereotype in the restaurant industry that servers never want a table of foreigners because they’re unfamiliar with tipping norms. While that’s not entirely true, tipping customs are different depending on what country you’re in. The following is a guide for tipping to use as basic reference, keeping in mind that specific countries and cities may have slightly different expectations.

Chase Sapphire Preferred Card Offers 50,000 Bonus Points

Competiton to be the rewards card of choice in your wallet is really heating up these days. Just when one fantastic promotion is canceled, another great deal seems to immediately pop up on the radar. In fact, effective today, Chase is doubling their efforts to win your business by offering 50,000 bonus points (instead of 25,000) for those who sign up for a Chase Sapphire Preferred Card and spend 3,000 in the first 3 months. $500 in free points (enough for 2 free flights worth up to $312.50 each) isn't a bad deal at all, but what else does the card have to offer? Here are the top 3 things that stand out to us:

Top 5 Weirdest Currencies in the World

Here at Creditnet, we try to guide consumers through the wild world of credit cards.  But this doesn't mean we're oblivious to the joy of having a stack of cold hard cash in your wallet. That said, not all stacks of cash are created equal.  No, we're not talking about exchange rates or any of that boring finance stuff.  We're talking about all the wacky currencies that exist across the globe. From beautiful to bizarre, the currencies of the world are as diverse as the cultures which produce them.  Take a look at the best of the best

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:

7 Elite Credit Cards for the Rich and Famous

The economy is still recovering from its near-collapse back in 2008 and the financial outlook for tens of millions of Americans is still challenging. However, times couldn’t be better for this country’s wealthiest citizens. In fact, their incomes have increased significantly in the past 3 years and they’re looking to spend. So, banks' offerings for the über wealthy are perhaps even more profitable than in years past. With ridiculously awesome benefits that have become a status symbol in upper class America, the wealthy are happy to accept. These aren’t your average zero interest credit cards. Here are the top 7 elite options if you’re rich enough to afford them:

 

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 Squareup.com, 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.

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