Did you know that banks sometimes perform a hard credit check before allowing you to open an account? While this most often happens when you open an account with an overdraft line of credit, it can happen with plain old checking and savings accounts, as well.
Why should you care?
Because hard credit checks can reduce your [...]
Well, it was a good run, and… I recently learned that Discover is no longer capping their balance transfer fees. This change affects all Discover consumer cards. For example, Discover, in the past, has charged a 3% fee with a $10 minimum and a $75 maximum. Now the balance transfer fee is 3% of the [...]
This news is a bit old, but I still thought it was interesting… Back in June when John McCain and his wife released their financial records, they revealed that they have a good bit of credit card debt.
In fact, McCain and his wife had $10k-$15k in joint debt, and his wife also had a second [...]
For background, the rewards on this card follow a flexible 5%/1% structure that pays 5% cash back on categories that rotate quarterly with other purchases earning 1% cash back. Sounds good, but it’s actually more generous than that…
This card also offers a 0% intro APR for the first 15 months on both purchases and [...]
As a followup to my earlier article about credit card issuers reducing credit limits, I wanted to highlight some emerging problems in the credit realm, along with some tips for protecting yourself.
Credit Card Issuers Reducing Limits
As I noted previously, card issuers have started reducing their customers’ limits as credit has become tighter. Here’s how [...]
I recently received an e-mail touting a 20% off sale on credit scores via myFico.com. While the “Credit Crisis” name borders on fear-mongering, there are times when you need to know your credit score. If you’re in such a situation, you can order FICO Credit Complete and get credit reports plus FICO scores from all [...]
Editor’s Note: This offer is no longer available.
Over the weekend, we received a letter from Chase telling us that our Chase Freedom Rewards card had been “upgraded” to a Chase Freedom Visa Signature card. From what I’ve heard, card companies like to upgrade customers to Signature cards because they get to collect more in fees. [...]
If you’re looking for a way to keep track of your credit cards, bank accounts, etc. you might be interested to know that, as of today, you can use Quicken Online for free. Here’s the scoop:
Quicken is excited to announce that Quicken Online will become FREE starting Monday, October 13th. Until recently, Quicken Online was [...]
According to a recent report, consumer borrowing fell in August for the first time in more than ten years. While this decrease was predominantly driven by changes in non-revolving debt, stores such as Kohl’s (KSS), Target (TGT), and Lowe’s (LOW) are reporting that shoppers are increasingly turning away from credit cards and opting for debit [...]
Editor’s Note: Thank you for your interest, this offer expired and is no longer available.
If you’re in the market for a frequent flyer credit card, you might want to check out the Citi Platinum Select/AAdvantage World MasterCard. New cardholders can earn 30,000 American Airlines AAdvantage bonus miles. All you have to do is apply for [...]
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