credit card balance transfer

Credit Card Solicitations Increasing For a Few

January 6, 2011

Have you checked your mail for credit card solicitations lately? After credit card solicitations went down to their lowest level in over 16 years it appears that they are again on the rise, this time with higher interest rates but larger, bigger and better perks. That is if you have good credit. New regulations have [...]

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Credit Card Use Is Down

November 30, 2010

Over the past year more than 8 million consumers have eliminated their credit cards. Only about 62 million people have an active credit card now compared with 70 million a year ago. Some of the speculation is that people fell behind on their payments due to the recession and that the loss of the credit [...]

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Deceptive Credit Card Offers

September 21, 2010

Credit card companies are sending out some pretty deceptive solicitations despite the increased regulations with the CARD act. For example “0% APR”, read the fine print and you will see how easily that 0% can turn into 29.99%….. Or “Low APR”, apparently the word “low” lies in the eye of the beholder, is 18% still [...]

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Things That Will Get Your Credit Application Denied

August 24, 2010

· Low Credit Scores. Your credit score is a compilation of your history, your debt to available credit ratio, your credit mix and other things. There are things you can do to improve your credit score, you should take advantage of them. · Applying for a lot of credit. Every inquiry into your report dings [...]

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Incentive For Paying Your Credit Card?

July 29, 2010

Credit card companies have begun to use an unusual tactic with their formerly best customers. Credit card borrowers who charges high amounts and then only paid the minimum payment every month used to be the favored customers because they always brought in that interest profits. But recently those same borrowers are actually being offered cash [...]

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Types Of Cards

July 15, 2010

We all seem to have some plastic in our wallets, but all plastic is not the same. A Debit card is completely different from a credit card. When you swipe a debit card it actually works more like a check, with the difference being that you don’t have to whip out your pen and write [...]

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Need A Credit Card?

May 27, 2010

We found a great resource online for those who are looking for a credit card. From excellent credit to bad credit or even limited credit you can just input your info and it will bring up the best offers available that meet your criteria. With good credit you may want rewards or 0% on purchases. [...]

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Banks Protecting Their Profits

May 25, 2010

The CARD act that went into effect back in February 2010, specifies that any payment above and beyond the minimum must be applied to the highest interest rate balance first. However, the minimum payment goes to the portion of your loan with the lowest interest rate, thereby allowing the banks to continue to earn interest [...]

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Balance Transfers, Teaser Rates and Big Fees

April 9, 2010

With the CARD act in place, many of the sources of revenue previously enjoyed by the credit card companies are now gone. No more randomly raising rates, no more double billing, no more of the underhanded tricks of the trade that ended up hurting consumers. But the credit card companies will find ways to improve [...]

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Today Is The Day For CARD To Take Effect

February 22, 2010

The new credit card laws start to kick in today, February 22. You can now expect to see the potential bad news associated with your account on every statement. For example, the credit card companies must now tell you the awful truth of how much interest you will pay and how long it will take [...]

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