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Credit Card Deals: How to Get "Hooked Up"

If you haven't seen some of the killer no annual fee credit cards that have recently hit the market, you're missing out on all the fun. But why are there so many great deals this year, and who's getting the "hookup" if you're not? As the WSJ recently reported, "Many issuers feel emboldened to issue more credit cards because delinquencies and defaults have been down significantly in recent months." Interestingly enough, those who are receiving direct mail advertisements for the best credit card offers are not your run-of-the-mill consumers though.

Ask Creditnet: What Credit Limit Will I Get?

citi platinum select credit card 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.

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.

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