I just installed a new message board/forum where we can post and discuss the latest in credit card news and offers. Just click here (or on the link to the top-right) to get to the board. It's basic for now, and I'm still working at integrating it properly, but try it out and let me know what you think.
Say it ain't so! A "reputable" American financial company stealing from it's own customers?! Yes, says California Attorney General Edmund Brown Jr. After a three year probe in to Citibank's sort-of-illegal "account-sweeping" program Citibank has agreed to a settlement where it will repatriate all of the money it stole as well as pay damages of $3.5 million to the State of California.
Consumer Action recently published it's 2008 edition of the annual credit card survey. This surveys a large portion of the credit cards in current circulation in order to classify them under such categories as APR, annual fees, rewards, and more. It makes finding a card that suits your needs easier, as each category has the cards listed from 'best' to 'worst' for that specific criteria.
Many people routinely decline the optional car rental insurance offered on-site when picking up the car. Besides the fact that nothing bad will ever happen to you or the car (*wink*), and the other fact that it costs money, why does everyone decline this coverage? Because many people know that most credit cards come with some sort of travel and/or car rental insurance. But which cards offer the best protection? It varies widely.
The New York Times just published an article on the true worth of frequent flier credit cards. These cards give you a set amount of frequent-flier miles in return for every dollar you spend (usually at a ratio of 1:1). These cards are one of the most popular and hassle-free ways of gaining rewards for charges to your credit card. But with all of the recent frequent flier program downgrades and added fees, are they really worth having anymore?
Consumers are getting increasingly aggitated over what are widely regarded as 'shady' credit card company practices. These include many 'innovative' ways to leech more money in fees and penalties from their consumers.True, many of these consumers have brought misfortune upon themselves through bad financial decisions or a lack of understanding about how their credit card works.
Here's a great offer: apply for a Discover More Card and get a free 4Gb iPod Nano (MSRP $150)! Just go to http://www.mymp3playeroffer.com (currently unavailable as of 12/01/2008), apply for the card through the site link, be approved and then activate and use the card at least one time once you get it. That's it!
Credit card companies have recently been getting sneakier and stricter with card limits and rates. Because of the high number if recent defaults on credit card accounts, mortgages, and loans, the companies are doing everything they can to recoup losses and try to prevent any further losses of profit.
Well, last year's deal is back, but not quite as sweet this time around. Anybody who signs up and is accepted for the American Express Gold Card from OPEN will receive enough points for 25,000 frequent flier miles (redeemable at airlines such as Continental, Delta, etc.) or a free round-trip pass within the U.S. (on Southwest Airlines).
