Credit Cards

Credit Cards

Find the Best Credit Cards for Students with No Credit

Savvy college students understand that it's important to secure a credit card and begin establishing good credit while in college. But there are so many credit card offers from which to choose and most students begin with no credit history at all. So which offers are the best credit cards for college students with no credit?

on Sat, 2011-09-03 17:00

CFPB Accepts Credit Card Complaints

Now that the Consumer Financial Protection Bureau is officially up and running, complaints about credit card companies will be collected by one single government agency. While complaints are limited to credit cards at this time, the CFPB does plan to ramp up its efforts as more employees are hired to handle issues with debt collectors, student loans, mortgages, and more.

on Tue, 2011-08-02 17:00

Should You Add an Authorized User?

Are you thinking about adding an authorized user to one of your credit cards? If so, here are a few things to keep in mind before pulling the trigger.

Make sure you choose the person you add very carefully. While an authorized user can make purchases with your card, they are not ultimately responsible for the charges. You're the only one that will get stuck with the bill if unwanted charges are racked up behind your back.

on Thu, 2011-06-02 17:00

Balance Transfers: Don't Miss Your Window of Opportunity

If you recently applied for a no interest credit card and plan to use it to initiate a balance transfer, don't sit on your laurels for too long once the new card arrives in the mail. You certainly don't want to miss out on the 0% interest promo just for being too slow to the punch!

on Tue, 2011-04-26 17:00

Beware of Debit Card Caps

The new rules haven't been finalized yet, but there's a good chance that "swipe fees" (what banks and card issuers charge merchants when a debit card is used to make a purchase) will be reduced in July. So what does that mean for your wallet?

on Mon, 2011-03-07 16:00

Know Your APRs

Most credit cards have more than one APR. However, credit issuers tend to focus their advertisements on just one—attractive introductory APRs that usually last for 6-12 months after a new card is issued. But while promotional interest rate periods for no interest credit cards can certainly be enticing, it's really important to understand what will happen to your APR once the promotional period ends.

on Sun, 2011-01-16 16:00

Credit Card Protection Insurance: Is it Worth It?

Credit card companies use a variety of creative names for credit protection insurance, but they all provide essentially the same service. You pay a monthly premium, and in return you get the piece of mind that comes along with knowing your credit card payments (often only the minimum payments) will be covered in the event of unemployment, disability, or even death.

on Sun, 2010-10-17 17:00

Beware of New Debit Card Fees

Debit card issuers can no longer charge hefty overdraft fees unless you opt into their overdraft protection service. And much to their dismay, customers haven't been signing up in droves. So how are they making up for the lost overdraft fee revenue? New fees, of course.

But shouldn't debit cards be "free" to use in the first place? Well, in the past, debit card users grew accustomed to using their cards as a transaction-free method of payment. However, more and more consumers are now reporting the appearance of annual fees and/or transaction fees on their bank statements.

on Mon, 2010-10-11 17:00

Credit Card Late Fees Capped at Minimum Payment

New fee restrictions included in the Credit CARD Act of 2009 are set to take effect this month. And one important change you may not have heard about yet mandates a new limit on the amount credit issuers can charge for late fees.

on Mon, 2010-08-16 17:00

Fed Nixes Inactivity Fees

Effective August 22, 2010, they'll be no reason to worry anymore about getting slapped with a big fee for not using your credit cards often enough.

A press release, issued by the Fed on June 15th, announced that credit issuers will no longer be able to charge consumers any type of an "inactivity fee", such as ones that are based on a consumer's failure to use their account to make new purchases.

on Mon, 2010-06-14 17:00