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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.

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.

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!

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".

Ask Creditnet: Carry a Balance or Pay in Full?

MasterCard credit card Dear Creditnet: I have finally received my first credit card for bad credit after bankruptcy. My question is do I charge $400 to the card and make minimum payments over time to establish a track record, or do I charge $40 to $50 monthly and pay off the entire balance?

Ask Creditnet: Do Lenders Use the Same FICO scores?

Dear Creditnet: Are the FICO credit scores I can buy at myFICO.com just an estimate of the scores actual lenders use? I'm getting ready to apply for a mortgage and want to make sure there are no surprises when potential lenders pull my credit.

Debt Ceiling and Credit Cards: Why You Shouldn't Care

congress

Congress has pushed through a last-minute bill that will arrive on President Obama's desk this afternoon. In addition, the White House has already stated that even though this bill is imperfect, the President will immediately sign it to ensure the debt ceiling is raised and our government is able to continue paying its bills.

Hurray, the debt ceiling crisis has been averted. Way to go guys and gals! You beat the deadline by a few hours…it's a miracle.

Micocredit: More Good Than Harm?

I was recently in Bangladesh working with a local nonprofit organization that specializes in microcredit programs.  To demonstrate the success of their lending, they took me to meet a woman named Baby Chakma who lived in the remote southeastern hill country.

Baby had won an award from Citibank for her use of microcredit loans to successfully turn her home into a thriving farm and business.  When I visited, her small thatch hut (shown below) consisted of a storefront facing the dirt road, a room for growing mushrooms, and various small vegetable fields and cows surrounded the structure.

Best Credit Cards for Bad Credit

One of the most common questions I receive from Creditnet readers is "How can I rebuild my bad credit?"  My responses generally include several suggestions, but the first recommendation I give is always the same- you need to build positive payment history. Sure, there are quite a few other tricks you can try that may provide short-term credit score boosts, but building positive payment history will have more of a lasting effect on your FICO scores than anything else.

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