Credit Cards Advice
Advice on Credit Cards Topics
The VISA/MasterCard settlement means a lot to merchants, but its effect on consumers is still unknown. While this settlement will help the stores and e-commerce websites you favor, what might this settlement mean to you, as a consumer?
Unless you are committed to avoid using credit in any form, you should educate your children about credit cards and other loans at some point. They won't learn any meaningful information about credit during the typical school day, nor will they normally increase their knowledge base from their friends or family.
The CARD Act eliminated some credit card fees, but may spur others, including some former fees to be reinstated. The new and/or reinstated fees may come as credit card companies attempt to make up some potential revenue losses.
The CARD Act has generated many changes for credit cards and cardholder accounts. Credit card industry changes in the remainder of the year should include increased fees, fewer rewards, harder approvals, and higher rates.
What are the potential future effects of the CARD Act for consumers? Debate rages about the future effects of the CARD Act and whether it will really help consumers or result in credit limit restrictions.
Among the lesser known features of the Credit CARD Act are limitations on penalties and fees, consistent payment due dates, double cycle billing elimination, young people protection, and subprime card fees.
The CARD Act is not perfect. Has there ever been a perfect piece of legislation? Probably not. The purpose of the Act is laudable, and the important provisions are valuable. Here are the five most important provisions of the CARD Act.
A credit card can be a very beneficial tool when it is used properly. Unfortunately, consumers often make common mistakes when using their credit cards. These mistakes can result in extra fees and/or damaged credit scores. Here are seven common mistakes to avoid.
Articles By Category