Home / Credit¢ents Blog

Creditcents: Credit and Personal Finance Blog from Creditnet.com

Top 10 Credit Cards for Students

We've all heard the horror stories. In fact, you're sure to know a handful of friends or relatives who've racked up an eye-popping amount of credit card debt while in school, and now they're paying dearly for it. As a college student, you may be feeling as though you don't want to get involved with credit cards at all. And while there's a good case to be made for avoiding credit cards at a time in your life when you might be especially tempted to rack up debt, there are also many advantages to using credit cards wisely during the college years.

Traveling with a Credit Card: Tips and Tricks

Seasoned travelers never seem to have to deal with the same fears as the rest of us: pickpockets, stolen credit cards, crazy high conversion fees, identity theft. Beyond that, seasoned travelers never seem to follow the same precautions as paranoid, green travelers, who run out to buy a cross-body, Kevlar-enforced, locking, zipping, security purse before they even book a hotel. Part of that is probably sheer confidence - frequent travelers rarely look like tourists and therefore avoid detection from preying pickpockets. The other, bigger part is that with a few precautions, that giant traveler's purse may not be completely necessary.

Free Checking: Another One Bites the Dust

I've had a free checking account with WAMU (now Chase) since 2004. And while I've never used it as my primary checking account, I did maintain a decent balance while running several transactions through it each month. Frankly, it was just nice to have around when I needed it, and I probably would've never thought about closing my account had it not been for a letter I received from Chase a few weeks ago.

4 Tips to Help Spot Credit Scams Online

So you've been searching around on the internet for hours trying to find a fantastic deal, and you think you've got it. Seven cases of Pepto-Bismol for only $27.99? Where else can you find savings like that? Once you read the fine print, however, you realize that there's something fishy about this vendor. Their mailing address is a P.O. Box in Micronesia, the listed phone number is missing a digit, and there's nothing about return policies anywhere on their site. As far as fraudulent websites go, this one sticks out like a sore thumb. Unfortunately, not all scam websites are this conspicuous. So unless rebuilding credit is a favorite pastime of yours, take heed of these 4 trusty tips on how to spot situations where you should never give out your credit card info.

Ask Creditnet: Beacon vs. FICO Scores

FICO credit scores Dear Creditnet: I recently applied for a home loan and was completely caught off guard by my credit score. I subscribe to a credit monitoring service, so I thought I knew my scores before I began the application process. Boy was I wrong! I thought my Equifax credit score was 668, but the score my banker pulled was 618. He told me they use the Equifax Beacon 5.0, so why is there such a difference? They're the same scores, right? Unfortunately, this 50 point swing is costing me an extra 1.5% in interest. Ouch!

How to Budget and Save Money

"Save more money" is a very normal goal for a New Year’s resolution. But if you aren’t rolling in disposable income, it can be tricky to figure out where to pinch the pennies that will pay off in the long run. Setting a budget – even a loose one – is the easiest way to have a few extra dollars to tuck away each month.

2010 Online E-Commerce Sales Skyrocket during Holiday Season

The decline of credit card use this year was apparent in stores, but U.S. holiday spending statistics show 2010 was the year of the online shopper. ComScore reports during the 49 days of the holiday season (November 1st - December 19th), e-commerce spending on holiday gift items increased to over $28 billion in U.S. sales, which is a 12 percent increase compared to corresponding statistics from 2009. Most notably, online shopping holidays like Cyber Monday, Green Monday and Free Shipping Day each saw spending top $900 million in e-commerce retail - statistics that would have seemed unfathomable in our declining economy a year ago.

Discover More: 0% Interest Plus No Balance Transfer Fee!

Discover More credit card Every now and then a really great offer comes on the market for consumers looking to finally get rid of their high-interest credit card debt. This is one of those offers folks! Why is it so great? Well, one of the easiest ways to pay off nagging credit card debt that you just can't make headway on is to transfer the balance to a no interest credit card and devise your own plan to pay it off during the promotional period.

Best Travel Rewards Credit Card of 2010

 

Travel rewards programs suffered major cutbacks in 2010 as credit issuers faced a slew of new federal regulations, lower profits, and customers who were reigning in credit card spending. As a result, many cardholders, including myself, began ditching their travel rewards cards for those that offered cash back at a fixed percentage. And while I certainly love getting a fat cash rebate check at the end of the year, there's just something extra special about hopping on a flight to the other side of the world for free. It makes vacationing all the better! I miss that, and I'm sure others do too.

5 Credit Card New Year's Resolutions

It's that time of year again: the time to buckle down and - for real, this time - conquer any credit conundrums plaguing your personal finances. No matter the quality of your credit score, there is always room for improvement. Once the new year hits, dedicate yourself to a future of great credit and great financial rewards. Here's how.

Pages

Home / Credit¢ents Blog