credit card http://www.wisebread.com/taxonomy/term/319/all en-US Get the Perfect Credit Card from Capital One http://www.wisebread.com/capital-one-credit-card-applications <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/capital-one-credit-card-applications" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000044836306_Small.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="155" /></a> </div> </div> </div> <p>Capital One has been a leading provider of financial products for decades. Their most popular products include a broad range of credit cards designed to serve the needs of any consumer whether you prefer to earn cash back or miles, or need some help building or repairing your credit rating. As part of its motto to provide &ldquo;no hassle&rdquo; rewards, Capital One has also been a leader in providing an online application process for their credit cards a simple and smooth process. You can also compare credit cards and examine specific features if you aren&rsquo;t yet sure which one you like the most. No matter the type of card you need for your circumstances, there&rsquo;s a good chance you&rsquo;ll find one that works for you with Capital One.</p> <h2>How to Apply for Capital One Credit Cards</h2> <p>One of the best features of Capital One&rsquo;s application process is the ability, in many cases, to apply online and receive either an approval or denial instantly. In fact, if you aren&rsquo;t quite ready to add an inquiry to your credit report or you aren&rsquo;t sure which card suits your needs best, you can even pre-qualify online, and Capital One will help you figure out which card you should consider. For the most part, to apply for Capital One credit cards, you simply select the card you want to apply for or select the option to see if you pre-qualify.</p> <h2>Top Capital One Credit Card Application Offers</h2> <p>Capital One provides a number of different high-quality types of credit cards. Because of its mission to provide no hassle rewards, these are often some of the most popular. Capital One rewards credit cards such as the Capital One&reg; Venture&reg; Rewards and Capital One&reg; Quicksilver&reg; Cash Rewards&nbsp;are some of the highest rated on the market. Further, whether you are a small business owner, a student, or in the <a href="http://www.wisebread.com/how-to-rebuild-your-credit-in-8-simple-steps">process of rebuilding your credit</a>, Capital One credit cards are some of the best available.</p> <!--<h2>Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-quicksilver-cash-rewards-credit-card-040815.png" alt="" style="float:right;margin:0 10px;" /></a>The&nbsp;<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xname&amp;fot=1313">Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</a>&nbsp;currently offers 0% intro APR on balance transfers and purchases for 9 months. The variable APR after the intro period is 13.24%-23.24%. New cardholders also get a one-time bonus of $100 cash after spending $500 on purchases within the first 3 months. This card awards unlimited 1.5% cash back on every purchase. Plus, every 10th Uber ride is free (up to $15) when pay with this card through March 31, 2017. There is no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card today!</strong></a></p> <h2>Capital One&reg; Venture&reg; Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-venture-rewards-credit-card-101614.png" alt="" style="float:right;margin:0 10px;" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xname&amp;fot=1313">Capital One&reg; Venture&reg; Rewards Credit Card</a> offers unlimited 2x miles for every dollar spent on all purchases that can be redeemed for statement credit against a wide variety of travel purchases. The variable APR for purchases and balance transfers is 13.24%-23.24%. New cardholders get 40,000 miles as a one-time bonus if you spend $3,000 within the first three months of opening the account, which can be worth $400 in travel. The annual fee of $59 is waived the first year.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Venture&reg; Rewards Credit Card today!</strong></a></p> <h2>Capital One&reg; VentureOne&reg; Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-ventureone-rewards-credit-card-101614.png" alt="" style="float:right;margin:0 10px;" /></a>The<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xname&amp;fot=1313"> Capital One&reg; VentureOne&reg; Rewards Credit Card</a>&nbsp;offers 0% introductory APR on purchases for 12 months; after the intro period, a variable APR of 12.24-22.24% applies. The APR for balance transfers is 12.24%-22.24% variable. You get unlimited 1.25 miles for each dollar spent on all purchases made with the card, and can redeem miles for statement credit toward travel purchases. New cardholders can receive a one-time bonus of 20,000 miles (worth $200 in travel) if you spend $1,000 in purchases within the first 3 months. There is no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; VentureOne&reg; Rewards Credit Card today!</strong></a></p>--><!--<h2>Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-quicksilver-cash-rewards-credit-card-040815.png" alt="" style="float:right;margin:0 10px;" /></a>The&nbsp;<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xname&amp;fot=1313">Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</a>&nbsp;currently offers 0% intro APR on balance transfers and purchases for 9 months. The variable APR after the intro period is 13.24%-23.24%. New cardholders also get a one-time bonus of $100 cash after spending $500 on purchases within the first 3 months. This card awards unlimited 1.5% cash back on every purchase. Plus, every 10th Uber ride is free (up to $15) when pay with this card through March 31, 2017. There is no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=27&amp;pp=1&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card today!</strong></a></p> <h2>Capital One&reg; Venture&reg; Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-venture-rewards-credit-card-101614.png" alt="" style="float:right;margin:0 10px;" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xname&amp;fot=1313">Capital One&reg; Venture&reg; Rewards Credit Card</a> offers unlimited 2x miles for every dollar spent on all purchases that can be redeemed for statement credit against a wide variety of travel purchases. The variable APR for purchases and balance transfers is 13.24%-23.24%. New cardholders get 40,000 miles as a one-time bonus if you spend $3,000 within the first three months of opening the account, which can be worth $400 in travel. The annual fee of $59 is waived the first year.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=26&amp;pp=2&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Venture&reg; Rewards Credit Card today!</strong></a></p> <h2>Capital One&reg; VentureOne&reg; Rewards Credit Card</h2> <p><a href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xcard&amp;fot=1313" rel="nofollow" target="_blank"><img width="154" border="0" src=" http://www.imgsynergy.com/191x120/capital-one-ventureone-rewards-credit-card-101614.png" alt="" style="float:right;margin:0 10px;" /></a>The<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xname&amp;fot=1313"> Capital One&reg; VentureOne&reg; Rewards Credit Card</a>&nbsp;offers 0% introductory APR on purchases for 12 months; after the intro period, a variable APR of 12.24-22.24% applies. The APR for balance transfers is 12.24%-22.24% variable. You get unlimited 1.25 miles for each dollar spent on all purchases made with the card, and can redeem miles for statement credit toward travel purchases. New cardholders can receive a one-time bonus of 20,000 miles (worth $200 in travel) if you spend $1,000 in purchases within the first 3 months. There is no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=33&amp;pp=3&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; VentureOne&reg; Rewards Credit Card today!</strong></a></p>--><h2>Capital One&reg; QuicksilverOne&reg; Cash Rewards Credit Card</h2> <p><a target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=165&amp;pid=28&amp;pp=4&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" src="http://www.imgsynergy.com/191x120/capital-one-quicksilverone-cash-rewards-credit-card-040815.png" alt="" /></a>If you have &ldquo;average&rdquo; credit, the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=28&amp;pp=4&amp;uv=xname&amp;fot=1313">Capital One&reg; QuicksilverOne&reg; Cash Rewards Credit Card</a> offers unlimited 1.5% cash back on all purchases without any changing categories. When you use this card to pay for Uber through March 31, 2017, every 10th ride is free (up to $15). The 0% intro APR for purchases applies for 9 months. The APR for balance transfer and purchases after the intro period is 23.24% variable APR. The annual fee is $39.</p> <p><a href="http://ct.wisebread.com/click.php?pg=19&amp;pid=27&amp;pp=4&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; QuicksilverOne&reg; Cash Rewards Credit Card today!</strong></a></p> <h2>Capital One&reg; Platinum Credit Card</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=25&amp;pp=5&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-platinum-and-secured-071515.png" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=25&amp;pp=5&amp;uv=xname&amp;fot=1313">Capital One&reg; Platinum Credit Card</a> offers a variable APR of 24.99% for purchases and balance transfers with no annual fee. If you have an average credit rating, this card is a solid option for building or rebuilding your credit with an unsecured credit card. It offers access to your credit score, and when you make your first five monthly payments on time, you can qualify for a credit limit increase.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=25&amp;pp=5&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Platinum Credit Card today!</strong></a>&nbsp;</p> <h2>Capital One&reg; Secured MasterCard&reg;</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=29&amp;pp=6&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-platinum-and-secured-071515.png" /></a>Building credit is a little easier with the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=29&amp;pp=6&amp;uv=xname&amp;fot=1313">Capital One&reg; Secured MasterCard&reg;</a>. Based on your credit worthiness, your security deposit of $49, $99, or $200 can get you a credit card with an initial $200 credit limit. You can improve your credit rating as you make your payments on time and manage your account responsibly, and you can also get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed. The variable APR is 24.99%. This card includes unlimited access to your credit score. There is no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=29&amp;pp=6&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Secured MasterCard&reg; today!</strong></a></p> <h2>Capital One&reg; Spark&reg; Cash for Business</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=30&amp;pp=7&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-spark-cash-business-011916.png" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=30&amp;pp=7&amp;uv=xname&amp;fot=1313">Capital One&reg; Spark&reg; Cash for Business</a> awards small business owners unlimited 2% cash back on all purchases made with the credit card. The variable APR for purchases is 17.24%. New cardholders can get a $500 cash bonus if you spend $4,500 within the first 3 months. There is no additional cost for employee cards. The annual fee of $59 is waived the first year.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=30&amp;pp=7&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Spark&reg; Cash for Business Credit Card&nbsp;today!</strong></a></p> <h2>Capital One&reg; Spark&reg; Cash Select for Business</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=104&amp;pp=8&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-spark-cash-business-011916.png" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=104&amp;pp=8&amp;uv=xname&amp;fot=1313">Capital One&reg; Spark&reg; Cash Select for Business Credit Card</a> awards unlimited 1.5% cash back on all purchases with a one-time bonus of $200 cash if you spend $3,000 with your card within the first 3 months. There is a 0% intro APR on purchases for 9 months. After that, the variable APR is 13.24%-21.24%. Employee cards come with no additional cost. This card has no annual fee.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=104&amp;pp=8&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Spark&reg; Cash Select for Business Credit Card today!</strong></a></p> <h2>Capital One&reg; Spark&reg; Miles for Business</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=32&amp;pp=9&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-spark-miles-business-011916.png" /></a>You get two miles for every dollar spent on all purchases with the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=32&amp;pp=9&amp;uv=xname&amp;fot=1313">Capital One&reg; Spark&reg; Miles for Business Credit Card</a>. New cardholders also get a one-time bonus of 50,000 miles worth $500 in travel, if you spend $4,500 in purchases within your first 3 months. The variable APR is 17.24%. The annual fee of $59 is waived the first year.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=32&amp;pp=9&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Spark&reg; Miles for Business Credit Card today!</strong></a>&nbsp;</p> <h2>Capital One&reg; Spark&reg; Miles Select for Business</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=31&amp;pp=10&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/capital-one-spark-miles-business-011916.png" /></a>You get 1.5 miles per dollar on all purchases with the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=31&amp;pp=10&amp;uv=xname&amp;fot=1313">Capital One&reg; Spark&reg; Miles Select for Business</a> card. New cardholders get a one-time bonus of 20,000 miles worth $200 in travel if you make $3,000 in purchases with your card within the first 3 months of opening your account. You also get a 0% intro APR on purchases for 9 months, and then 13.24%-21.24% variable APR afterward.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=31&amp;pp=10&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Spark&reg; Miles Select for Business Credit Card today!</strong></a></p> <h2>Capital One&reg; Spark&reg; Classic for Business</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=105&amp;pp=11&amp;uv=xcard&amp;fot=1313"><img width="154" border="0" style="float:right;margin:0 10px;" alt="" src=" http://www.imgsynergy.com/191x120/spark-classic-for-business-040815.png" /></a>The <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=105&amp;pp=11&amp;uv=xname&amp;fot=1313">Capital One&reg; Spark&reg; Classic for Business Credit Card</a> offers small business owners 1% cash back for all purchases made with the card. This card is designed to assist you in building and strengthening credit for your business. The variable APR is 23.24%. There is no annual fee for this card.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=105&amp;pp=11&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the Capital One&reg; Spark&reg; Classic for Business Credit Card today!</strong></a></p> <h2>BuyPower Card from Capital One&reg;</h2> <p><a target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=165&amp;pid=35&amp;pp=12&amp;uv=xcard&amp;fot=1313"> <img border="0" height="154" alt="" style="float:right;margin:0 10px;" src="http://www.imgsynergy.com/191x120/buypower-generic-updated-031416.png" /></a>If you are planning on purchasing a Chevrolet, GMC, Buick, or Cadillac, the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=35&amp;pp=12&amp;uv=xname&amp;fot=1313">BuyPower Card from Capital One&reg;</a> can help you by awarding the purchases you make with the card. The BuyPower Card allows you to receive 5% earnings on all your purchases up to $5,000 each year and unlimited 2% earnings after that. Your earnings can then be used toward the purchase of your vehicle, or for upgrades such as leather seats and floor mats. This card also offers a 0% introductory APR for purchases for the first 12 months. The APR for balance transfers and purchases made after the intro period is 13.15%-23.15% variable APR. There is no annual fee for this card.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=35&amp;pp=12&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the BuyPower Card from Capital One&reg; today!</strong></a></p> <h2>PlayStation&reg; Card from Capital One&reg;</h2> <p><a rel="nofollow" target="_blank" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=92&amp;pp=13&amp;uv=xcard&amp;fot=1313"> <img width="154" border="0" alt="" style="float:right;margin:0 10px;" src="http://www.imgsynergy.com/191x120/playstation-card-100715.png" /></a>Gamers and fans of PlayStation can earn rewards with the <a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=92&amp;pp=13&amp;uv=xname&amp;fot=1313">PlayStation&reg; Card from Capital One&reg;</a> that can be redeemed for PlayStation products. This card awards 10x points on PlayStation store purchases, 3x points on PlayStation and Sony purchases with authorized retailers, 3x points on fast food restaurants, mobile phone bills, and at movie theaters, and 1x point for all other purchases. There is a 0% introductory APR for purchases until June 2017. The APR for balance transfers and purchases after the intro period is a variable 14.24%-24.99% APR. New cardholders also get 5,000 bonus points after you make your first purchase with the card, which can be worth a $50 PlayStation store code. There is no annual fee for this card.</p> <p><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=92&amp;pp=13&amp;uv=xend&amp;fot=1313"><strong>Click here to learn more and apply for the PlayStation&reg; Card from Capital One&reg; today!</strong></a></p> <h2>Sony&reg; Card from Capital One&reg;</h2> <p><a target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=165&amp;pid=123&amp;pp=14&amp;uv=xbutton&amp;fot=1313"> <img width="154" border="0" style="float:right;margin:0 10px;" src="http://www.imgsynergy.com/191x120/sony-031416.png" alt="" /></a>Sony fans can earn rewards for all of their electronics, games, movies, music, and more with the&nbsp;<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=123&amp;pp=14&amp;uv=xname&amp;fot=1313">Sony&reg; Card from Capital One&reg;</a> Credit Card. This card awards five points for Sony purchases at authorized retailers, three points per dollar spent at movie theaters, movie rentals, music downloads, digital streaming. You can also earn three points per dollar spent on subscriptions services like Netflix, Spotify, and Amazon Prime, and one point for all other purchases. New cardholders get a 0% introductory APR on purchases until June 2017. After that, a variable APR of 14.24% - 24.99% will apply. You also get a one-time bonus of 5,000 points after you make your first purchase with the card in the first 90 days of opening your account.</p> <p><strong><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=123&amp;pp=14&amp;uv=xend&amp;fot=1313">Click here to learn more and apply for the&nbsp;Sony&reg; Card from Capital One&reg; Credit Card today!</a></strong></p> <h2>Journey&reg; Student Rewards from Capital One&reg;</h2> <p><a target="_blank" rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=165&amp;pid=34&amp;pp=15&amp;uv=xbutton&amp;fot=1313"> <img width="154" border="0" alt="" style="float:right;margin:0 10px;" src="http://www.imgsynergy.com/191x120/journey-student-rewards-100915.png" /></a>College students who are just starting out in the world of credit can begin building their credit score with the&nbsp;<a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=34&amp;pp=15&amp;uv=xname&amp;fot=1313">Journey&reg; Student Rewards from Capital One&reg;</a>. This card awards 1% cash back on all purchases. Plus, if you pay on time, your cash back increases to 1.25% for that month. After you make your first 5 monthly payments on time, you may qualify for a higher credit line. The variable APR for purchases and balance transfers is 20.24%. There is no annual fee, balance transfer fee, or foreign transaction fee with this card.</p> <p><strong><a href="http://ct.wisebread.com/click.php?pg=165&amp;pid=34&amp;pp=15&amp;uv=xend&amp;fot=1313">Click here to learn more and apply for the Journey&reg; Student Rewards from Capital One&reg; Credit Card today!</a></strong></p> <h2>How to Find the Best Capital One Card Promotions</h2> <ol> <li><strong>Internet &ndash; Our Recommended Option.&nbsp;</strong>It&rsquo;s no secret that the easiest and quickest way to get information on any topic is via the Internet. With credit cards, specifically, you will find the most up-to-date promotions and special offers online. Plus, you can then apply for the card promotion and receive a reply almost immediately, decreasing the chances you&rsquo;ll miss out on valuable offers. In order to catch and take advantage of the best credit card offers, you&rsquo;ll need to check online.<br /> &nbsp;</li> <li><strong>Mail Offers.&nbsp;</strong>Although the Internet has seemingly taken over product promotions, print and mail offers are not dead and still provide value that deserves consideration. Before tossing your mail offers in the trash, make sure you take a look at special preapproved or prequalified offers that might include extra deals and savings. Also, note any exclusive reservation numbers and invitation codes that are provided because you won&rsquo;t always have access to these offers with other promotions. It&rsquo;s important to keep in mind, however, that mail offers often include links to apply to sites such as application.capitalone.com. If you want to ensure you get the best promotion and offer, be sure to compare offers to other credit cards and research what is available before applying.<br /> &nbsp;</li> <li><strong>TV.&nbsp;</strong>You&rsquo;re likely familiar with Samuel L. Jackson and Alec Baldwin&rsquo;s question, &ldquo;What&rsquo;s in your wallet?&rdquo; Television ads are one of the more fun and interesting ways to catch special Capital One offers and new credit card promotions. TV ads usually include a phone number or link to apply for the credit card advertised, but this method doesn&rsquo;t allow you an opportunity to research or compare the offer with other credit cards. Television ads are effective vehicles for letting you know what&rsquo;s new, but there is a risk of missing out on a better offer with another credit card that might award you more. For this reason, it&rsquo;s still recommended that you take a quick look at what&rsquo;s out there before picking up the phone and signing up.<br /> &nbsp;</li> <li><strong>Magazines/Newspapers.&nbsp;</strong>A large number of magazines and newspapers still include credit card advertisements and promotions. Capital One often runs extra deals and credit card offers in a variety of print publications, typically including a phone number or directions to apply at the website CapitalOne.com. This isn&rsquo;t always the best way to catch special promotions, but it is an important one you&rsquo;ll probably encounter.<br /> &nbsp;</li> <li><strong>Bank Branches.&nbsp;</strong>Not everyone is aware that Capital One and other credit card issuers have actual bank branches. Capital One, for instance, has branches in a number of areas, including District of Columbia, New Jersey, New York, and Texas. If you are near one of these branches, you can find out which types of credit card promotions are available and, if you are already a customer, possibly taking advantage of other offers. For instance, if you have a checking or savings account, car loan, or mortgage with Capital One, you may be able to combine accounts and have access to other features with your credit cards.&nbsp;</li> </ol> <h2>CreditWise from Capital One</h2> <p>Capital One is now the first major bank to offer a credit monitoring tool free for everyone. With CreditWise, you get unlimited access to check and monitor your TransUnion Vantage credit score. This interactive app and online tool is free to use whether you are a Capital One cardholder or not, and includes weekly updates of your score as well as a credit simulator to give you an idea how your actions will affect you before you actually make them. For cardholders interested in increasing their credit ratings or just want to stay informed, CreditWise is a helpful credit tool.</p> <h2>Credit Cards for People with Excellent to Good Credit</h2> <p>Except for the secured card, many of the Capital One credit cards are for people with good to excellent credit ratings. Plus, you may not be attracted to the rewards programs that are part of many of the credit cards. For example, if you typically carry a balance, credit cards with low interest rates might be better options. If you don&rsquo;t find a Capital One credit card that fits your needs, we recommend checking out one of our lists of the best balance transfer, low interest, travel, or cash back credit cards, to find the card that works best for you.</p> <ul> <li><a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards">Best 0% Balance Transfer Credit Cards</a></li> <li><a href="http://www.wisebread.com/the-best-low-interest-rate-credit-cards">Best Low Interest Rate Cards</a></li> <li><a href="http://www.wisebread.com/top-5-travel-reward-credit-cards">Top 5 Cards for Travel Rewards</a></li> <li><a href="http://www.wisebread.com/5-best-cash-back-credit-cards">5 Best Cash Back Credit Cards</a></li> </ul> <p>&nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christina-majaski">Christina Majaski</a> of <a href="http://www.wisebread.com/capital-one-credit-card-applications">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">How to Use Credit Cards to Improve Your Credit Score</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/capital-one-secured-mastercard-the-best-option-for-repairing-your-credit">Capital One® Secured MasterCard®: The Best Option for Repairing Your Credit</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/capital-one-venture-rewards-card-review">Travel Rewards Doesn&#039;t Get Easier Than This: Capital One® Venture® Rewards Credit Card</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/unlimited-cash-back-the-quicksilver-cash-rewards-credit-card">Unlimited Cash Back: The Quicksilver Cash Rewards Credit Card</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-you-should-get-a-business-credit-card-over-a-consumer-card">When You Should Get a Business Credit Card Over a Consumer Card</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Capital One credit card Fri, 11 Mar 2016 16:40:06 +0000 Christina Majaski 1670514 at http://www.wisebread.com How to Use Credit Cards to Improve Your Credit Score http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-use-credit-cards-to-improve-your-credit-score" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/happy-woman-credit-card-186439794-small.jpg" alt="credit card" title="credit card" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are a lot of myths racing around online about how your credit cards impact your credit score. It can be confusing because the way credit scores are computed doesn't always match with actual credit-worthy behavior. So you might think that canceling all but one of your credit cards is a smart financial move for you, but it would actually hurt your credit score a lot. So here's the skinny on how to properly use your cards to help, not harm, your credit score. (See also: <a href="http://www.wisebread.com/how-to-rebuild-your-credit-in-8-simple-steps?ref=seealso">Rebuild Your Credit in 8 Steps</a>)</p> <h2>Pay on Time</h2> <p>Your payment history is <a href="http://money.howstuffworks.com/personal-finance/debt-management/credit-score1.htm">35% of your credit score</a>. That's the largest impact any single factor is going to have on your score. Set up alerts or auto payments. Do whatever you have to do to make those payments on time, every time. It's not the late fee that's going to hurt you the most.</p> <h2>Pay It Off</h2> <p>The next biggest factor contributing to your score is your <em>credit utilization ratio</em>. That's how much you owe versus how much credit you have. The lower the ratio, the better your score. Paying down your debts will definitely lower the ratio. This is also something to watch out for when you apply for a loan. To get a good interest rate, you want the highest credit score possible, and that means lowering your debt and no splurges on credit (even if you have the cash to pay it off). (See also: <a href="http://www.wisebread.com/this-one-ratio-is-the-key-to-a-good-credit-score?ref=seealso">This One Ratio Is the Key to a Good Credit Score</a>)</p> <h2>Ask for Credit Limit Increases</h2> <p>If paying down your debt isn't possible immediately, you can lower your credit utilization ratio another way: Get more credit. Call your credit cards and ask for a credit limit increase. If you've been a good customer (which basically means you've been paying on time), you can probably get an increase immediately. (You can also apply for a new credit card but that temporarily lowers your score due to it being a new account.) However, if you raise your credit limit and then raise your debt by the same amount or more, you're dinging your score. Keep your eye on the ball.</p> <h2>Keep Your Accounts Open</h2> <p>When you close a credit card account, it lowers the amount of credit you have, so it raises your credit utilization ratio, which then dings your credit. If you really must cancel some cards, choose cards with a lower available credit. If you have several cards with the same bank issuer, you may be able to transfer the available credit from the card you want to cancel to the card you want to keep. That way, you are able to close an account without impacting your ratio as much. (See also: <a href="http://www.wisebread.com/10-surprising-ways-to-negatively-affect-your-credit-score?ref=seealso">Surprising Ways to Hurt Your Credit</a>)</p> <h2>Keep Your Oldest Accounts</h2> <p>How long you've had credit makes up 15% of your score. If you applied for a credit card when you were in college, whether you use it or not, keep that account open. You can sign up for better credit cards that offer rewards and use those, but don't cancel your oldest one.</p> <p>Follow these basic tenets to help keep your score as high as possible. I always recommend checking your credit history once per year to make sure that all of the information is accurate. You can do this <a href="https://www.annualcreditreport.com/index.action">free of charge</a> with each of the credit bureaus and it won't affect your credit score.</p> <p><em>How do you maintain a good credit score? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-reasons-your-credit-card-application-was-denied-and-what-you-can-do-about-it">11 Reasons Your Credit Card Application Was Denied — And What You Can Do About It</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-increase-your-credit-score-quickly">7 Ways to Increase Your Credit Score Quickly</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-unexpected-benefits-of-secured-credit-cards">5 Unexpected Benefits of Secured Credit Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-a-credit-card-when-you-have-bad-credit">How to Get a Credit Card When You Have Bad Credit</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-things-most-likely-to-give-you-lousy-credit">5 Things Most Likely to Give You Lousy Credit</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards bad credit building credit credit card credit report credit score good credit Thu, 20 Nov 2014 10:00:07 +0000 Christa Avampato 1257157 at http://www.wisebread.com Always Use Cash for These 5 Things http://www.wisebread.com/always-use-cash-for-these-5-things <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/always-use-cash-for-these-5-things" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/paying-cash-restaurant-87651096-small.jpg" alt="paying cash restaurant" title="paying cash restaurant" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There was a time when people only carried cash; anything else was just too unreliable. Retailers could reject checks, and those pesky credit cards sometimes wouldn't swipe. Cash was king. (See also: <a href="http://www.wisebread.com/5-times-you-should-never-use-your-company-credit-card?ref=seealso">5 Times You Should Never Use Your Company Credit Card</a>)</p> <p>Now, you can go for months without ever having to hand over a crisp $10 bill or handful of pocket change. However, there are still some instances when you should only use cash, either for convenience, or for safety. Here are the top five times you should always use cash.</p> <h2>1. Items at Farmer's Markets (or Flea Markets or Craft Shows)</h2> <p>If you want to come away from a farmer's market empty handed, go there with an empty wallet and a credit card. As much as they value your business, they won't take cards. At least 99% of them won't, anyway. These are people who don't have the inclination, or the ability, to have card readers and POS systems ready at their foldaway stalls. What's more, vendors pay fees to accept credit card transactions, which is another reason they don't want to work with them. Sure, you can swipe a card on a phone these days, but when it comes to dealing with farmers, artisans, and anyone else who does this for the pleasure of creating goods to sell locally, cash is always going to be your friend.</p> <p>Many farmer's markets are held near businesses that have ATMs on the premises, so make that your first port of call. Just make sure not to trust a shabby ATM; there have been too many scams and cons involving bogus ATMs at places like this (having nothing to do with the vendors themselves).</p> <h2>2. Anything You May Have to Return</h2> <p>This is something many of my friends do. They will buy two or three different sizes of the same shirt or pair of jeans, try them on at home, and return the ones that don't fit. Personally, I use the changing room, but some people seem to be in an awful hurry these days. Anyway, when it comes time to do the dreaded return, the store will give you the money back in the same way that you paid. If you used a credit card, it will go back on that card. And that can take several days to return to your account. However, if your receipt shows that you paid in cash, the store will pay you back in that same, cold hard cash. Why have the inconvenience of waiting for the money to work its way through the system? Pay in cash, you'll get it back the second you return your items.</p> <h2>3. Craigslist Purchases</h2> <p>Craigslist is a great resource. You can find almost anything you want on there for a lot less than you can on eBay, and in retail stores. Of course, if you agree to buy a toaster, a chair, or a piece of furniture, and then show up with a credit card or a check, you are going to be laughed at. Craigslist sellers will only take cash; and when it comes to cash, small bills. Don't go to any Craigslist purchase with anything bigger than a $20 bill.</p> <p>If a Craigslist seller tells you they will take cards, be extremely wary of them. It is now possible to replicate a card using a card reader you can plug into your phone or laptop. That simple transaction could wipe out your bank account. Yes, the fraud can be traced and you can get your money back, but it could be a while before you see the return of those funds. In the meantime, other standing bills could come out and leave you with overdraft fees, and it's also just an enormous hassle.</p> <p>As always, be very careful when meeting anyone from Craigslist, especially if you have a large amount of cash on you. Take a friend or two, and notify people of where you're going and whom you're meeting. Insist on a public place, and <a href="https://www.craigslist.org/about/safety">follow these safety rules</a>.</p> <h2>4. At Restaurants or Bars You Don't Trust</h2> <p>We all have our favorite watering holes and eateries. But when you're on vacation, or in a city or town you don't know well, you may visit an establishment you're unsure about. Yes, the food looks good, and the drinks are cheap, but do you really want your card to disappear for more than a few minutes? As the Real Hustle showed, that's all it takes to copy your card and get it back to you. It's called &quot;<a href="http://www.youtube.com/watch?v=GyhUvACnXkQ">card cloning</a>.&quot; You've just paid for a lot more than the meal, and it will take a lot of work and time to get everything back that you're owed.</p> <p>In these cases, always pay with cash. Whether it's a hole-in-the-wall café, a street vendor, a mom-n-pop bar, or anything else that gives you the &quot;I'm really not too sure about this place&quot; vibe, you should never hand over your credit or debit card.</p> <h2>5. When You Get Discounts for Cash</h2> <p>Some places don't like the hassle of dealing with cards and checks. In fact, you will notice more places than ever now refusing to take personal checks, and having minimums for card purchases. This is due to fees that they are charged for card transactions. So, if you see any kind of sign saying, &quot;discount for cash,&quot; put the credit card back in the wallet and get out the bills. This can apply to small purchases, like <a href="http://www.bankrate.com/finance/personal-finance/pay-cash-and-ask-for-a-discount-1.aspx">gas stations, doctor co-pays, and restaurants</a>, or big purchases like electronics and even cars. There are also times when you can negotiate a better price by paying for the item in cash, right there and then. Cash is instant, and anyone selling something loves instant money. So, if you know there will be any kind of haggling involved, bring the cash.</p> <p><em>When do you insist on cash? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/always-use-cash-for-these-5-things">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-smart-things-to-do-with-your-settlement-money">8 Smart Things to Do With Your Settlement Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/sensible-ways-to-raise-cash-for-a-wedding">Sensible Ways to Raise Cash for a Wedding</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-quick-and-simple-scams-that-could-happen-to-you-today">Five quick and simple scams that could happen to you today</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/forget-saving25-place-to-look-for-spare-change">Forget Saving...25 Places to Look for Spare Change</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance cash credit card payments Thu, 13 Nov 2014 14:00:11 +0000 Paul Michael 1254221 at http://www.wisebread.com How to Get 5-20% Cashback on... Pretty Much Everything http://www.wisebread.com/how-to-get-5-20-cashback-on-pretty-much-everything <p><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=18819056&fot=1124&foc=1" rel="nofollow"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/shopdiscover.png"></a></p> <p>You know how some cashback credit cards make you jump through hoops or cut through forests of red tape in order to actually take advantage? Well the <a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=18819056&fot=1124&foc=1" rel="nofollow">Discover it</a> doesn&rsquo;t. In fact, it has so many participating retailers agreeing to give you 5-20% on purchases, you can <i>buy</i> the hoops, and the tape, and pretty much whatever else you want, from wherever you want.</p> <p>Seriously: the Discover It card gives you cash back on over 200 online retailers. And these aren&rsquo;t obscure, &ldquo;we&rsquo;re offering them because you&rsquo;ll never use them&rdquo; retailers. These are the Best Buys, Banana Republics, Brookstones, and Bloomingdale&rsquo;s of the world (&hellip;and that&rsquo;s just the B&rsquo;s).</p> <p>If you're shopping at these places already, it makes no sense to <em>not</em> <a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=18819056&fot=1124&foc=1" rel="nofollow">sign up for a Discover it card</a> and start saving today!</p> <p>Here are a few of the 200+ retailers where you can get 5-20% cashback by shopping through the ShopDiscover portal using your Discover it card.</p> <table> <tr> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/bloomingdales_0.gif" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/Expedia_129x76_small.gif" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/golfsmith.gif" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/kmart_6.jpg" width="129" /> </td> </tr> <tr> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/macys-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/nike-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/nordstrom.gif" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/target-129.gif" width="129" /> </td> </tr> <tr> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/walgreens-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/oldnavy-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/underarmour-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/travelocity_0.png" width="129" /> </td> </tr> <tr> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/northface_0.png" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/bananarepublic.gif" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/lego.svg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/sears-129.jpg" width="129" /> </td> </tr> <tr> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/ralphlauren-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/petco-129.png" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/gap-129.jpg" width="129" /> </td> <td align=center valign=center> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/orbitz-129.jpg" width="129" /> </td> </tr> </table> <p><strong>Watch this quick 90-second video to learn how ShopDiscover works.</strong></p> <p id="video-player-discover">ShopDiscover video</p> <script type='text/javascript' src='http://static.wisebread.com/files/wisebread/press/video/bin/swfobject.js'></script> <script type='text/javascript'> var s1 = new SWFObject('http://static.wisebread.com/files/wisebread/press/video/bin/player.swf','player','600','337','9'); s1.addParam('allowfullscreen','true'); s1.addParam('allowscriptaccess','always'); s1.addParam('flashvars','file=http://cdn.discover.com/videos/shopD/mcd_DISCOVER_CARD_640x360.mp4'); s1.write('video-player-discover'); </script> <p>Need any more reason to save? <strong><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=18819056&fot=1124&foc=1" rel="nofollow">Sign up for a Discover it card today.</a></strong></p> <p>&nbsp;</p><br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/staff">Staff</a> of <a href="http://www.wisebread.com/how-to-get-5-20-cashback-on-pretty-much-everything">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The 5 Best Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-more-apps-that-pay-you-to-shop">6 More Apps That Pay You to Shop</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/30-cash-back-sites-to-earn-you-thousands-per-year">30+ Cash Back Sites to Earn You Thousands Per Year</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cash-back-vs-travel-rewards-pick-the-right-credit-card-for-you">Cash Back vs Travel Rewards: Pick the Right Credit Card for You</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">How to Use Credit Cards to Improve Your Credit Score</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Commentary cash back cashback credit card Wed, 04 Jun 2014 16:05:53 +0000 Staff 1139712 at http://www.wisebread.com Miracle Device Coin Rolls All Your Credit Cards Into One http://www.wisebread.com/miracle-device-coin-rolls-all-your-credit-cards-into-one <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/miracle-device-coin-rolls-all-your-credit-cards-into-one" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/credit-card-177134984.jpg" alt="credit cards" title="credit cards" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Having your credit cards all suddenly disappear is something people usually fear. But now it's something you can eagerly look forward to, thanks to <a href="https://onlycoin.com/">Coin</a>, a new credit-card sized wonder-device that will effectively store all of your plastic in one place.</p> <p>The device has had early adopters salivating for about a year now, but it just <a href="http://techcrunch.com/2014/01/02/coin-video-demo/">debuted at tech festival Techcrunch Disrupt</a>, making its planned late summer ship date all the more real.</p> <p>So what <em>is</em> Coin, exactly? It's the size of a credit card, it looks like a credit card, and most importantly, it swipes like a credit card. But really, it's multiple credit cards stored on an electronic gadget that lets you toggle between each, eliminating the need to carry around a bulky wallet. Much of the beauty of the gadget is in its simplicity. Uploading cards, for example, is done with by simply swiping them through an iPhone attachment and then snapping a photo of each. Once uploaded, Coin lets you toggle among cards with the push of a button, allowing you, for instance, to <a href="http://www.wisebread.com/5-best-gas-rewards-credit-cards">pay for gas with the company card</a>, then buy groceries with your <a href="http://www.wisebread.com/5-best-cash-back-credit-cards">cash back card</a>, then pay for dinner with your <a href="http://www.wisebread.com/top-5-travel-reward-credit-cards">travel rewards card</a>.</p> <p>As with any great concentration of power (in this case, purchasing power), there's potential danger. What if you leave Coin behind, losing not only one card, but, effectively, <i>all</i> your cards? Never fear: the device uses a Bluetooth signal that syncs with your phone, meaning if the two get separated (e.g., You leave the card with the check), you'll be immediately notified.</p> <p>While first shipments are still a couple months away, Coin is accepting pre-orders now. Order now, and it may be one of the last time you actually need to dig out of one of your credit cards.</p> <p><iframe width="560" height="315" src="//www.youtube.com/embed/w9Sx34swEG0" frameborder="0" allowfullscreen></iframe></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/joe-epstein">Joe Epstein</a> of <a href="http://www.wisebread.com/miracle-device-coin-rolls-all-your-credit-cards-into-one">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-12"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-pieces-of-credit-card-tech-that-will-blow-your-mind">6 Pieces of Credit Card Tech That Will Blow Your Mind</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-great-home-gadgets-that-can-save-you-real-money">3 Great Home Gadgets That Can Save You Real Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">How to Use Credit Cards to Improve Your Credit Score</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/capital-one-credit-card-applications">Get the Perfect Credit Card from Capital One</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-waterproof-laptop-cases">The 5 Best Waterproof Laptop Cases</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Financial News Technology credit card gadgets technology Thu, 15 May 2014 09:00:25 +0000 Joe Epstein 1138804 at http://www.wisebread.com Now Is the Best Time in Years to Do a Credit Card Balance Transfer http://www.wisebread.com/now-is-the-best-time-in-years-to-do-a-credit-card-balance-transfer <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/now-is-the-best-time-in-years-to-do-a-credit-card-balance-transfer" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/credit-card-461520219.jpg" alt="credit card" title="credit card" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>One of the most frustrating realities in personal finance is the high rate charged on credit card balances. Even if you pay more than the minimum each month, the high interest rate severely limits the effectiveness of your payment. Whether you are trying to deal with holiday debt or take control of your finances, a balance transfer can be just the thing. (See also: <a href="http://www.wisebread.com/why-do-a-credit-card-balance-transfer-and-how?ref=seealso">Why and How to Do a Balance Transfer</a>)</p> <p>And the best part? Now is a great time to do a balance transfer.</p> <h2>Why Transfer Balances Now?</h2> <p>Balance transfer deals have been ramping up in recent months. The <a href="http://business.time.com/2013/09/06/0-balance-transfers-are-tempting-but-beware-the-risks/">credit freeze is thawing</a>, and 0% APR balance transfers are being offered to more people.</p> <p>During and immediately after the Great Recession, you had to have practically impeccable credit to receive these attractive offers. Now, however, with <a href="http://www.forbes.com/sites/sharding/2013/06/01/banks-making-record-profits-again-while-consumers-still-have-losses/">banks enjoying record profits</a>, they are willing to take a little more risk and expand the offers. Chances are that a 0% APR offer is coming to mailbox near you.</p> <p>Not only is the number of these offers increasing, but the deals are getting sweeter. The highest offers in the United States are at 18 months of that introductory rate. During the past few years, most of these offers were capped between six and 12 months. Now you have up to a year and a half to make a serious dent in your transferred debt. (See also: <a href="http://www.wisebread.com/10-worst-ways-to-pay-off-your-credit-card-debt?ref-seealso">The Worst Ways to Pay Off Credit Card Debt</a>)</p> <h2>Use a 0% Balance Transfer to Help Your Finances</h2> <p>Using a 0% balance transfer credit card helps you demolish your debt because your entire monthly payment goes toward reducing your principal. You don&#39;t have to worry about how big a chunk the interest payment is taking out of your payment. Here are some of the ways a 0% APR credit card can help your finances. (See also: <a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards?ref=seealso">Best 0% Balance Transfer Credit Cards</a>)</p> <h3>Get Rid of Holiday Debt Fast</h3> <p>Even with the best intentions, many of us end up carrying balances following the holidays. It&#39;s so easy to get caught up in the season with sales, entertaining, and gift giving. Transfer your high-rate balances to a 0% APR credit card, and you have a little breathing room to pay off your holiday debt and keep it from dominating your life. Plus, you pay it off faster when everything goes toward principal. If you have cash back from rewards credit cards, apply that to your debt, too, for even faster results. (See also: <a href="http://www.wisebread.com/dealing-with-post-holiday-credit-card-debt?ref=seealso">How to Deal With Post-Holiday Debt</a>)</p> <p>There&#39;s no reason to let holiday debt ruin the first few months of the new year. A 0% balance transfer will help you better manage that debt. And, since you have that breathing room, you can even start saving up for next holiday season now so that you aren&#39;t in this position again.</p> <h3>Reboot Your Personal Finances</h3> <p>You can reboot your personal finances no matter the time of year, and a balance transfer can help. When you&#39;re ready to take charge of your money situation, the first thing to do is organize a debt paydown plan. A 0% balance transfer card can help your efforts. (See also: <a href="http://www.wisebread.com/snowballs-or-avalanches-which-debt-reduction-strategy-is-best-for-you?ref=seealso">Which Debt Repayment Strategy Is Best for You?</a>)</p> <h3>Manage Your Debt Better</h3> <p>The great thing about long introductory rates with balance transfers is that you can tackle other high-interest debt without accumulating more due to interest. Take your highest-interest credit card balances, and transfer as much as you can to the 0% APR credit card. If you have balances left on other cards, you can call to ask for a reduction in the interest rate. Account holders in good standing can sometimes see a 1% to 3% reduction in rate just for asking. (See also: <a href="http://www.wisebread.com/what-you-must-know-before-transferring-credit-card-balances?ref=seealso">What You Should Know Before You Do a Balance Transfer</a>)</p> <h3>Use the Snowball Method to Reduce Debt</h3> <p>Once you have re-arranged all of your debt, you can then tackle the high-rate debt while paying the minimum on the 0% APR card for now. The beauty of this method is that you are paying down your high-rate cards at a faster rate, and at the same time the minimum you put toward your balance transfer card is going toward reducing that balance. Here&#39;s an example, using three credit cards:</p> <ul> <li>Credit Card A has a balance of $2,500 and a rate of 19.99%</li> <li>Credit Card B has a balance of $1,500 and a rate of 15.99%</li> <li>Credit Card C has a balance of $3,000 and a rate of 13.99%</li> </ul> <p>You are approved for a 0% APR balance transfer card with a credit limit of $3,500 and an introductory rate of 18 months. The first thing you do is transfer the balance from Credit Card A and $1,000 of the balance from Credit Card B. Now you have balances of $500 (at 15.99%), $3,000 (13.99%), and $3,500 (0%).</p> <p>Call your credit card issuers and ask for rate reductions if you are in good standing. Let&#39;s say you are offered a reduction to 14.99% on the one card, and a reduction to 11.99% on the other card.</p> <p>After reviewing your finances, you discover that you can put an extra $300 per month toward debt reduction, on top of the minimum payments you are making on all of your cards. Start with the highest-rate card, which only has $500 on it. You put that extra $300 toward that balance and keep paying the minimum on everything else. (Don&#39;t reduce the amount you pay as the &quot;minimum&quot; as you progress. The minimum will drop with your slowly falling balance, but keep paying the level you started with.)</p> <p>After two months, you&#39;re ready to tackle the next card on the list. Bring the $300, plus the minimum you had been paying on your other card, and add it to the minimum you have been paying on the second card. It&#39;s important to transfer the original minimum you have been paying so that your payment snowballs and gets bigger. It takes another nine months to pay off the next debt, for a total of 11 months. (See also: <a href="http://www.wisebread.com/a-comprehensive-guide-to-the-debt-snowball-method-0?ref=seealso">Guide to the Debt Snowball Method</a>)</p> <p>Now you&#39;re on to the balance transfer card. You still have another seven months to pay off this card before the 0% runs out. Remember, every penny that you&#39;ve paid in the minimum balance for the last 11 months has gone toward reducing the principal. So let&#39;s say you&#39;ve managed to knock off close to $1,100 of the balance. So you have seven months to pay of the remaining $2,400. Since you&#39;ve moved your other minimums over, along with your original $300, you should be putting $350 or so toward debt reduction on your final card. That should be enough to allow you to finish paying off your debt before the 0% introductory period ends.</p> <p>Adding a balance transfer card to the mix can be an amazing way to re-order your finances and fix your debt problem. Just make sure you create a plan that allows you to pay off the balance before the intro period runs out.</p> <p><em>Have you taken advantage of long introductory periods on balance transfers to reduce debt? Were you successful?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/miranda-marquit">Miranda Marquit</a> of <a href="http://www.wisebread.com/now-is-the-best-time-in-years-to-do-a-credit-card-balance-transfer">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-credit-cards-with-no-balance-transfer-fees">5 Best Credit Cards with No Balance Transfer Fees</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt">The Fastest Way to Pay Off $10,000 in Credit Card Debt</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-does-your-credit-card-debt-cost-you">How Much Does Your Credit Card Debt Cost You?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-a-balance-transfer-offer-a-good-deal">Is a Balance Transfer Offer a Good Deal?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/six-steps-to-eliminating-your-debt-painlessly">6 Steps to Eliminating Your Debt Painlessly</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Debt Management balance transfer credit card debt reduction Fri, 07 Feb 2014 10:36:41 +0000 Miranda Marquit 1123544 at http://www.wisebread.com Ask the Readers: When Did You Get Your First Credit Card? http://www.wisebread.com/ask-the-readers-when-did-you-get-your-first-credit-card <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/ask-the-readers-when-did-you-get-your-first-credit-card" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4340966344_c2d4d90157_z-1.jpg" alt="When Did You Get Your First Credit Card?" title="When Did You Get Your First Credit Card?" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p><em>Editor's Note: Congratulations to </em><a href="http://www.wisebread.com/ask-the-readers-when-did-you-get-your-first-credit-card#comment-487032"><em>Lance</em></a><em>, <a href="http://twitter.com/#!/gadha">@</a></em><em><a href="http://twitter.com/#!/gadha">gadha</a></em><em>, and <a href="http://www.facebook.com/#!/profile.php?id=100002053862233">K</a></em><em><a href="http://www.facebook.com/#!/profile.php?id=100002053862233">andace Coupon</a><a href="http://www.facebook.com/#!/profile.php?id=100002053862233">s</a></em><em> for winning this week's contest!</em></p> <p>I have a confession: I have yet to bite the bullet and get my first credit card. After hearing all the horror stories about people going into debt because of credit cards, the concept of getting a credit card just isn't that appealing to me. I probably should have gotten my first credit card in college, but I thought that might be an irresponsible decision since I didn't have a full time job and (consequently) wasn't bringing in enough money to feel comfortable owning a credit card.</p> <p><strong>When did you get your first credit card?</strong> Did you have a stable job at the time? Should you have gotten a credit card sooner or later? What is the best age for someone to get their first credit card?</p> <p>Tell us when you got your first credit card and we'll enter you in a drawing to win a $20 Amazon Gift Card!</p> <h2>Win 1 of 3 $20 Amazon Gift Cards</h2> <p>We're doing three giveaways &mdash; one for random comments, one for random Facebook &quot;Likes&quot;, and another one for random tweets.</p> <h3>Enter 1 of 3 Ways:</h3> <ul> <li>Post your answer in the comments below, or</li> <li>Go to our <a href="http://www.facebook.com/pages/Wise-Bread/26830741467?ref=ts">Facebook page</a>, &quot;Like&quot; us, then &quot;Like&quot; the update mentioning this giveaway (you can comment, as well &mdash; but you don't have to for entry), or</li> <li><a href="http://www.twitter.com/">Tweet</a> your answer. You have to be a follower of our <a href="http://twitter.com/wisebread">@wisebread account</a>. Include both &quot;@wisebread&quot; and &quot;#WBAsk&quot; in your tweet so we'll see it and count it.</li> </ul> <p><strong>If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.</strong></p> <h4>Giveaway Rules:</h4> <ul> <li>Contest ends Monday, March 7th at 11:59 pm Pacific. Winners will be announced after March 7th on the original post and via Twitter. Winners will also be contacted via email, Facebook, and Twitter Direct Message.</li> <li>You can enter all three drawings &mdash; once by leaving a comment, once by liking our Facebook update, and once by tweeting.</li> <li>You must be 18 and US resident to enter. Void where prohibited.</li> </ul> <p><strong>Good Luck!</strong></p> <div class="field field-type-text field-field-blog-teaser"> <div class="field-items"> <div class="field-item odd"> Tell us when you got your first credit card for a chance to win 1 of 3 $20 Amazon gift certificates! </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/ask-the-readers-when-did-you-get-your-first-credit-card">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-what-is-your-new-years-resolution">Ask the Readers: What Is Your New Year&#039;s Resolution?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-200-giveaway-what-does-corporate-social-responsibility-mean-to-you">Ask the Readers $200 Giveaway: What Does Corporate Social Responsibility Mean to You?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-how-did-you-spend-your-first-paycheck">Ask the Readers: How Did You Spend Your First Paycheck?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-should-kids-get-paid-for-doing-chores">Ask The Readers: Should Kids Get Paid For Doing Chores?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-do-gift-cards-make-a-good-gift">Ask the Readers: Do Gift Cards Make a Good Gift?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Giveaways Ask the Readers credit card Tue, 01 Mar 2011 13:36:13 +0000 Ashley Jacobs 496246 at http://www.wisebread.com Do You Spend More with Cash or Credit? http://www.wisebread.com/do-you-spend-more-with-cash-or-credit <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/do-you-spend-more-with-cash-or-credit" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000014549900Small.jpg" alt="Couple shopping at the mall" title="Couple shopping at the mall" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>In order to answer the question &quot;Do you spend more with cash or credit?&quot; I decided to do a homemade experiment.</p> <p>I&rsquo;ve heard, and you probably have too, that people who use credit cards spend an average of 8-12% more than those who use cash. The problem is, as Get Rich Slowly points out, <a href="http://www.getrichslowly.org/blog/2010/04/27/money-myths-and-the-importance-of-thinking-for-yourself/">that study doesn&rsquo;t exist</a>. As a supplement, I&rsquo;ll present an analysis of my own spending in 2010.</p> <p>For context, I did a similar study in 2009 which concluded that I saved money by having a credit card. It depends a lot on how you use your credit card. Our family has pretty strict credit card guidelines (to avoid credit card debt).</p> <p>In this test, I don&rsquo;t try to anticipate or guess if <em>you</em> would spend more or less using credit cards. I don&rsquo;t even try to guess to see if I will spend more this year. I&rsquo;ve simply totaled up all my credit card expenses in 2010 to see if I really spent more using cash or credit. (See also: <a href="http://www.wisebread.com/6-reasons-why-cash-is-still-king">6 Reasons Why Cash Is Still King</a>)</p> <h3>The Cash or Credit Experiment</h3> <p>All in all, I spent $11,392 with my credit card. That includes both personal and business expenses.</p> <p>In order to accurately determine if I spent more on credit, I decided that I needed to separate any expenses that could have been influenced by the fact that I was buying the item with plastic.</p> <p>Items that were not influenced by the choice of a credit card or cash include things like health insurance premiums, disability insurance premiums, and plane tickets. My theory is that these are items I would have paid for regardless of how I paid (cash or credit).</p> <p>If I had a cash-back debit card, I could have had almost the same result (as with the credit card) with the exception of the car rental coverage and foreign currency fees (see below). But there are other <a href="http://www.wisebread.com/credit-cards-vs-debit-cards-a-comprehensive-comparison">differences between a credit card and a debit card</a>.</p> <p>Expenses that could possibly be influenced by plastic include visits to the grocery store, dining out, and other miscellaneous spending.</p> <p>Thus, my total spending that could have been influenced by a cash or credit choice equals $583.00. As you can tell, almost anytime I spontaneously shop, I use cash.&nbsp; However, there were a few occasions during the year (mostly on vacation) that I used the credit card for random purchases.</p> <h3>Factoring in Credit Card Rewards</h3> <p>In 2010, I earned $227.84 in cash back, 2% of my total credit card spending.</p> <p>If I really did spend 12% extra (like you&rsquo;ll hear quoted) on the $583 worth of purchases, then I would have spent an extra $69.84 with credit.</p> <p>However, I spent about $2,000 overseas, and since I can get foreign currency via credit for 1% less than when I get foreign currency cash, I saved another $20 by having a no foreign-exchange-fee credit card. I&rsquo;ve found that a 0% foreign exchange credit card can be one of the best ways to exchange foreign currency. Because of the exchange rate difference, if you <a href="http://www.wisebread.com/travel-resources">travel</a> overseas, you&rsquo;ll probably spend 1-3% more by using cash.</p> <p>And then there is one more consideration. I rented a car for five days, and I saved about $10 per day in insurance because I used the insurance offered through the credit card. Thus, I saved another $50.</p> <h3>The Final Determination</h3> <p>I saved more money by having a credit card in my pocket. Even if I did spend more ($69.84), the cash back, currency exchange advantage, and rental coverage made up the difference. I saved $228 in 2010 by using plastic.</p> <p>Do you spend more with cash or credit? I really couldn&rsquo;t even try to venture a guess. I would say if you have any credit card debt, then you probably do spend more with credit than cash. If you cycle everything through your credit card, then you might spend more with credit than cash. I&rsquo;m not promoting or pressuring people to use credit cards, but simply pointing out that, if used responsibly, credit cards can actually save you money.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/craig-ford">Craig Ford</a> of <a href="http://www.wisebread.com/do-you-spend-more-with-cash-or-credit">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/never-use-cash-for-these-11-things">Never Use Cash for These 11 Things</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/debit-or-credit-which-one-should-you-choose-at-the-checkout">Debit Or Credit? Which One Should You Choose At The Checkout?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-bite-sized-money-resolutions-to-make-2015-your-biggest-year-yet">25 Bite-Sized Money Resolutions to Make 2015 Your Biggest Year Yet</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-guaranteed-way-to-avoid-impulse-credit-card-purchases">A Guaranteed Way To Avoid Impulse Credit Card Purchases</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Credit Cards Shopping cash credit card credit card spending Fri, 04 Feb 2011 13:00:16 +0000 Craig Ford 487653 at http://www.wisebread.com How will the new credit card rules affect consumers? http://www.wisebread.com/how-will-the-new-credit-card-rules-affect-consumers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-will-the-new-credit-card-rules-affect-consumers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/creditcard_1.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>Today <a href="http://www.nytimes.com/2009/05/20/us/politics/20web-credit.html?ref=business">a new bill was passed </a>by the U.S. Senate with the intent of restricting abusive practices in the <a title="Guide to Using Credit Cards Wisely" href="http://www.wisebread.com/credit-card-guide">credit card industry</a>.&nbsp; A House bill was passed on May 12th and will be reconciled with the Senate version and President Obama hopes to sign it before Memorial Day.&nbsp; So what does this bill contain and what does it mean for consumers?</p> <p>First of all here is a summary&nbsp; of the new rules:</p> <ul> <li>Credit card companies will be required to mail a bill 21 days before it is due.</li> <li>&nbsp;Universal default will no longer be allowed.&nbsp; This means that borrowers who are late or default on one card would not have their rates raised by another lender as long as the second lender is being paid on time.</li> <li>Rates may not be raised on borrowers until they are 60 days past due.&nbsp; As long as the borrower becomes current and pays on time for 6 months after they were delinquent the rates have to be lowered to its original amount.</li> <li>&nbsp;Extra fees for paying over the phone or online will be disallowed.</li> <li>&nbsp;If you have more than one card with a company, your payments must be applied to the card with the highest interest rate first.</li> <li>&nbsp;Issuers have to notify customers of rate changes 45 days before the change.</li> <li>&nbsp;Late fees cannot be assessed if the issuer delayed crediting the payment.</li> <li>&nbsp;Rates cannot be increased in the first year and promotional rates have to last at least six months.</li> <li>&nbsp;Penalty fees for going over the credit limit is disallowed unless the cardholder agrees to it.&nbsp; If the cardholder does not agree to transactions over the limit then the transaction would be rejected.</li> <li>Issuers must disclose the time and total interest costs it would take for consumers to pay off a balance if only minimum payments are made.</li> <li>Gift cards must keep their full balance for at least five years.</li> <li>Consumers under the age of 21 must have a co-signer who is willing to take on the responsibility of the debt unless they can prove they have the ability to pay.&nbsp; Most likely a parent has to co-sign.&nbsp; Additionally limit increases must be approved by the parent.&nbsp;</li> </ul> <p>Finally, a completely unrelated amendment that is going into this bill is that you are now allowed to carry guns in national parks and wildlife refuges again.&nbsp; I am not quite sure that is in a credit card bill.</p> <p> I think most of these changes are good since they are designed to stop consumers from falling into costly traps such as a $35 charge for being $2 over limit. Additionally, notifying a consumer how long it would take to pay off his or her debt is a good reminder as to how expensive credit can be and that notice with every statement may encourage people to pay more than the minimum.&nbsp; I think the item that allows a delinquent borrower to keep the same rate as before is a bit questionable because it could give people the impression that there is no consequences&nbsp; if they skip a payment or two.&nbsp; If a borrower becomes deliquent there is a higher chance that he or she would default, and so it makes sense to raise the rates to offset the risk.&nbsp; Another rule that I find somewhat detrimental and restrictive is that young people up to the age of 21 have to get a cosigner.&nbsp; This&nbsp; may prevent many responsible young adults from building up a credit history if they do not have a person who is willing to cosign. </p> <p>Credit card companies generally do not make much money off borrowers who default completely, and the best customers for them are those who pay the minimum balance on time.&nbsp; Those who pay the entire balance on time and incur no interest or penalties are ironically known as &quot;deadbeats&quot; in the credit card industry.&nbsp; I think the changes will definitely prompt credit card companies to be more strict in who they hand cards to.&nbsp; This could mean that people with little&nbsp; credit history or low credit scores will have a harder time getting a card and the interest rates may be higher than now, but that may encourage more people to save their cash to buy things.</p> <p>One potentially negative effect that has been discussed in many media outlets is that credit card issuers may want to recoup their &quot;losses&quot; on deceptive practices from the card payers who pay their balances in full every month.&nbsp; Reward programs may be cut, and the annual fee may return.&nbsp; However, I think consumers with great credit and the discipline to pay in full every month will just abandon the cards that&nbsp; try to squeeze more out of them.&nbsp; After all, issuers still make money off these customers through transaction fees.&nbsp; Even though the margin is smaller, these customers are better than those who default completely.&nbsp; I do believe that reward programs may be less rewarding in the future, so it might be worthwhile to cash in those points while the rewards are still good.</p> <p>These changes will not go in effect until early next year, and the credit industry is not too happy with them. Do you think that these rules are reasonable?&nbsp; Have you dealt with any abuse from credit card companies?<br /> &nbsp;</p> <p> &nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/xin-lu">Xin Lu</a> of <a href="http://www.wisebread.com/how-will-the-new-credit-card-rules-affect-consumers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/netspend-the-story-of-the-visa-debit-card-we-did-not-apply-for">netSpend: The Story of the Visa Debit Card We Did Not Apply For</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">How to Use Credit Cards to Improve Your Credit Score</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/debit-or-credit-which-one-should-you-choose-at-the-checkout">Debit Or Credit? Which One Should You Choose At The Checkout?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/banks-manipulate-your-transactions-may-charge-you-1750-overdraft-fee">Banks Can Manipulate Your Transactions, Then Charge You 1750% Overdraft Fee</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/capital-one-credit-card-applications">Get the Perfect Credit Card from Capital One</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Credit Cards credit card law restrictions rules Wed, 20 May 2009 02:17:55 +0000 Xin Lu 3182 at http://www.wisebread.com Is your credit score suffering without your knowledge? http://www.wisebread.com/is-your-credit-score-suffering-without-your-knowledge <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/is-your-credit-score-suffering-without-your-knowledge" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/A spoonful of credit crunch....jpg" alt="Credit crunch" title="Credit crunch" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>The warning signs were there as early as <a href="/your-interest-rates-are-about-to-go-up">July</a>. Even if your <a title="Guide to Using Credit Cards Wisely" href="http://www.wisebread.com/credit-card-guide">credit card interest rates</a> aren't going up, your <a href="http://online.wsj.com/article/SB122446082980748593.html?mod=googlenews_wsj">credit limit might be going down</a>. If you're like me, and you tend to shread your credit card statements as soon as you receive them, you might want to open them up and ascertain that your credit card company hasn't suddenly <a href="http://online.wsj.com/article/SB122273798697188787.html?mod=googlenews_wsj">lowered your limit</a>.</p> <p><em>It's not just your portfolio that may be shrinking lately. The spending limit on your credit card may be heading south as well. Credit-card issuers have been decreasing credit limits.</em></p> <p><em>&quot;Most banks are cutting their credit limits,&quot; says Carol Kaplan, spokeswoman for the American Bankers Association. &quot;They're doing it to everyone.&quot;</em></p> <p>According to <a href="http://blogs.wsj.com/wallet/2008/10/13/are-shrinking-credit-limits-silently-hurting-your-credit-score/?mod=googlenews_wsj">John Ulzheimer</a>, president of <a href="http://www.credit.com/"><font color="#0253b7">Credit.com</font></a> Educational Services:</p> <p><em>To maintain a good score, Ulzheimer recommends that consumers use only 10 percent of their available credit. For example, someone with a credit limit of $100,000 should never carry a balance over $10,000. But in today&rsquo;s climate, however, that $100,000 limit could be cut to $50,000, meaning that the $10,000 balance now represents 20 percent of your credit limit, and thus your credit score is dinged. Your score could go down even if you regularly pay off your minimum balance and your loans.</em></p> <p>With <a href="http://online.wsj.com/article/SB122446082980748593.html?mod=googlenews_wsj">delinquencies mounting by the day</a>, credit card companies are going to try to limit consumer lending, not just in new loans and lines of credit, but with existing ones. Companies are looking at your salary, current debt, job, and locale to figure out if you are a riskier investment than you were, say, six months ago.</p> <p>If you haven't gotten your free credit score this year, you might want to consider doing so. Keep an eye on your credit card limits, too, to see if they have shifted. It's not against the law for a credit card company to suddenly lower your credit score <a href="http://www.npr.org/templates/story/story.php?storyId=95611244">below the amount you currently owe</a>, thereby inducing a whole boatload of over-limit penalties. Remember, when it comes to debt, credit card companies can do pretty much whatever they want.</p> <p>Want to protect yourself?</p> <ul> <li>Pay down as much of your debt as you possibly can.</li> <li>Haggle with your credit card company to keep your credit limit at its current level.</li> <li>Keep an eye out for any mail from your bank or credit card company - don't just shred them!&nbsp;</li> <li>Know your <a href="/get-free-credit-score-monitoring-with-credit-karma">credit score</a>&nbsp;(click to read about a way to get your score for free).</li> </ul> <p>I hate facing debt when I know I have a lot of it, but let's face it, folks, this problem isn't going away anytime soon.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/is-your-credit-score-suffering-without-your-knowledge">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-credit-cards-to-improve-your-credit-score">How to Use Credit Cards to Improve Your Credit Score</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-rebuild-your-credit-in-8-simple-steps">How to Rebuild Your Credit in 8 Simple Steps</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/prioritize-these-5-bills-when-youre-short-on-cash">Prioritize These 5 Bills When You&#039;re Short on Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/building-a-credit-history">Building a Credit History</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-reasons-your-credit-card-application-was-denied-and-what-you-can-do-about-it">11 Reasons Your Credit Card Application Was Denied — And What You Can Do About It</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards building credit credit card credit crisis credit score limits loans mortgage Tue, 21 Oct 2008 21:33:08 +0000 Andrea Karim 2537 at http://www.wisebread.com Your Interest Rates Are About to Go Up http://www.wisebread.com/your-interest-rates-are-about-to-go-up <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/your-interest-rates-are-about-to-go-up" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/visavisavisa.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>The thing about financial crises is that they never fail to affect everyone. Just because your entire investment portfolio didn't implode when the dotcom bubble burst doesn't mean that you weren't <a title="Tips and resources for the recently laid off" href="http://www.wisebread.com/lost-my-job-tips-for-the-recently-laid-off">laid off</a> like thousands of other people. Didn't get sucked into a subprime mortgage? Lucky you. You still need to watch your back, because your fiscal responsibility <a href="http://www.twincities.com/ci_9727875">doesn't mean that you're safe from the crisis fallout</a>.</p> <p>Our economy is in the midst of a serious slide (bordering on a full-fledged recession). The causes for it are numerous, but the subprime mortgage crisis is causing some of the most accute problems.</p> <p>One of these problems is that your credit card company might decide to raise your interest rates. How is this different from the way credit card companies usually behave? The problem is that now, credit card companies are going to start raising interest rates for customers with an excellent credit history.</p> <p>Why? Because banks are hurting financially. Their problems are two-fold <strong>and</strong> causal:</p> <ul> <li>Banks are losing millions on defaulted subprime mortgages.</li> <p></p> <li>Americans have been running up huge credit card bills in the past few years, with the assumption that a home equity loan could be secured to pay off the personal debt. Now that home equity loans are difficult to get, credit card delinquencies are on the rise.</li> </ul> <p>This means that banks need to make some money, stat. How do they plan on doing this? They're going to raise interest rates on new and existing lines of credit and charge you even more in junk fees.</p> <p>It doesn't matter to banks that you're a good customer with a good credit standing. What matters to banks is their bottom line, and the only way they can think of to prevent more massive financial losses this year is to rip off their remaining customers. The result is that banks are looking for reasons to consider you an &quot;at-risk&quot; customer.</p> <p>Traditionally, at-risk customers are usually customers who run up a huge debt, pay late, only make minimum payments (although this is a tough one, as banks also LOVE you for only making minimum payments), or who have delinquent accounts. But now that banks and credit card companies are faltering, they're willing to look for all kinds of other at-risk factors, such as:</p> <ul> <li>Paying for necessities, like food, gas, or your mortgage, using credit.</li> <p></p> <li>Buying items that aren't considered high-quality, like retread tires (that's right - according to Robert Manning, your credit card company is monitoring your purchases and will raise your rates if they think your purchases indicate that you are entering a time of financial difficulty).</li> <p></p> <li>Paying your bill too close to the deadline.</li> </ul> <p>This is bad news for people who buy everything on credit in order to earn air miles or other bonus rewards. It's also drastically unfair and an incredible invasion of privacy. It's also another example of how we all end up paying for the collective financial stupidity of a few rogue investment bankers and mortgage lenders (yeah, I'm looking at <em>you</em>, Countrywide).</p> <p>Although you are always supposed to keep an eye on your credit rates, be especially vigilant in the comings months - check every statement for bogus fees and unnecessary rate hikes. You may consider not purchasing items like groceries&nbsp;with a credit card&nbsp;for the&nbsp;considerable future.&nbsp;Be sure to call and harangue your credit card company if they try to peg you as at-risk despite a clean payment record. Try to pay your credit card bill at least three days in advance of the due date, if not significantly sooner.</p> <p>Tedious though it may be, close monitoring of your statements can save you hundreds of dollars in the long run.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/your-interest-rates-are-about-to-go-up">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-dirty-secrets-of-credit-cards">The Dirty Secrets of Credit Cards</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/i-dont-love-capital-one-how-to-get-a-lower-apr-or-possibly-not">How to Get a Lower APR, or Possibly Not</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/avoid-these-5-common-mistakes-while-rebuilding-your-credit">Avoid These 5 Common Mistakes While Rebuilding Your Credit</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-best-credit-card-debt-elimination-strategies">The 7 Best Credit Card Debt Elimination Strategies</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-fastest-method-to-eliminate-credit-card-debt">The Fastest Method to Eliminate Credit Card Debt</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Debt Management APR bank fees credit card debt housing bubble loan subprime mortgage Wed, 02 Jul 2008 20:38:52 +0000 Andrea Karim 2215 at http://www.wisebread.com Swipe envy http://www.wisebread.com/swipe-envy <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/swipe-envy" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/paid-value-card-poster.jpg" alt="Poster that says, &quot;Bad Credit? No Credit? Pay now so you can eat later&quot; with a picture of a paid-value card" title="Fast Food Poster" class="imagecache imagecache-250w" width="250" height="270" /></a> </div> </div> </div> <p>All the cool kids have credit cards. What if you don&#39;t? What if you are so young, so poor, so uncool that you can&#39;t get one? Do you have to stoop to paying for your food with actual money? Not any more! These guys have the cure for swipe envy!</p> <p>Look at the poster in the picture. This fast food company (name slightly obscured) is marketing their paid-value card to people who can&#39;t get a credit card, but wish they had one <strong>so bad</strong> that they&#39;ll settle for a paid-value card that kinda looks like a credit card.</p> <p>Of course, I understand the attraction <em>to the merchant</em> of a paid-value card. They&#39;ve already got your money, so they&#39;re pretty sure you&#39;re going to buy stuff from them. (And, if you don&#39;t, that&#39;s okay too--see above where they&#39;ve already got your money.)</p> <p>From the point of view of the purchaser, a paid-value card is a dead loser:</p> <ul> <li>You take perfectly good money that you can spend anywhere, and turn it into non-money that you can only spend at one place.</li> <li>You miss out on the chance to earn interest until you spend it.</li> <li>Most paid value cards charge &quot;inactivity&quot; fees (and other fees) to make it easy for them to keep the money that you&#39;ve given them without having to provide any goods or services.</li> <li>You have no protection in the event the company declares bankruptcy (or, for that matter, in the event the company just decides that they&#39;d rather keep your money and not give you anything).</li> </ul> <p>Now, the disadvantages of a paid-value card are pretty obvious. The <strong>only</strong> reason I can imagine wanting to get one is if I was paying for someone else&#39;s food, and worried that if I provided cash, the guy would blow it all on something like bus fare or laundry. (Of course, it doesn&#39;t really work even for that. The guy who would really rather spend the money on something frivolous like textbooks can always find someone who wants food to buy the paid-value card, perhaps at a small discount.)</p> <p>I feel sorry for the guy who&#39;s so ashamed of not having a credit card that he&#39;d fall for a marketing ploy like this. It also offends me to see companies behave this way--I couldn&#39;t patronize a company that ran an ad like this. I expect, though, as the credit squeeze makes credit a lot harder to come by (not just mortgages), we&#39;ll see more and more ads like this, marketing to the folks with swipe envy.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/swipe-envy">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-financial-holidays-id-like-to-see">5 Financial Holidays I&#039;d Like to See</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-take-one-vacation-day-and-save-thousands">How to Take One Vacation Day and Save Thousands</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-personal-finance-skills-everyone-should-master">12 Personal Finance Skills Everyone Should Master</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-you-save-money-by-subscribing-to-an-addictive-game">Could you save money by subscribing to an addictive game?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-brilliant-tips-from-smart-mom-rich-mom">4 Brilliant Tips From &quot;Smart Mom, Rich Mom&quot;</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Frugal Living cards credit card gift cards paid-value cards Sun, 23 Dec 2007 20:37:53 +0000 Philip Brewer 1533 at http://www.wisebread.com 83rd Carnival of Debt Reduction Webcomics Edition http://www.wisebread.com/83rd-carnival-of-debt-reduction-webcomics-edition <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/webcomics1.jpg" alt="Comic Con Superhero" title="Comic Con Superhero" width="240" height="192" /> </p> <p>Welcome fellow taxpayers and <a href="http://www.lifehacker.com/">Lifehackers</a> to the 83rd Carnival of Debt Reduction! </p> <p>To alleviate some of the tax day gloom, I randomly attached some links to webcomics throughout the posts. Think of them as easter eggs you never knew you wanted. Enjoy! </p> <h1>Editor&#39;s Picks<br /></h1> <p><a href="http://www.thesimpledollar.com/2007/04/12/in-which-i-answer-the-most-frequently-asked-question-pay-off-debts-or-invest/">Trent Answers The Most Frequently Asked Question: Pay Off Debts Or Invest?</a> from <strong>The Simple Dollar</strong>: “The problem is that most people look at <a href="http://www.bylo.org/img/dt000119.gif">investments</a> based solely on the expected rate of return - and that’s a mistake. ” Man, does Trent know how to write teasers or what?</p> <p><a href="http://www.debtconsolidationlowdown.com/2007/04/the_shopaholics.html">The Shopaholic’s Guide to Getting your Expenses Under Control</a> from <strong>Debt Consolidation News</strong>: &quot;Compulsive shopping is an <a href="http://www.voidspace.org.uk/voidspace/images/calvintheend.jpg">addiction</a> that can be as bad as alcohol, drugs or tobacco. It helps if you have friends and family who are there to lend you support as you try to kick the habit.”</p> <p><a href="http://creditscoresecrets.wordpress.com/2007/04/12/fair-isaac-corporation-what-a-wacky-bunch-of-statisticians-dedicated-to-credit/">Who Invented the FICO?</a> from <strong>You Credit Card Score Secrets</strong>: “In the late 1950’s, a small group of <a href="http://www.lechatnoirboutique.com/prodimages/Coffee%20Mug%20-%20Far%20Side%20Rocket%20Scientists.jpg">statisticians</a> in Minnesota, the Fair Isaac Corporation, wanted to have a look at how what a consumer did in the past....“</p> <p><a href="http://www.thedigeratilife.com/blog/index.php/2007/03/18/how-much-credit-have-you-turned-down-maybe-half-a-million-dollars-worth/">How Much Credit Have You Turned Down? Maybe Half A Million Dollars Worth</a> from <strong>The Digerati Life</strong>: “I’ve calculated almost $600K of credit and free miles <a href="http://pbfcomics.com/archive/PBF210-Wishing_Well.gif">ready for us to pluck</a> and spend away.”</p> <p><a href="http://www.finandom.com/blog/2007/04/11/11-credit-report-myths/">11 Credit Report Myths</a> from <strong>Journey To Financial Freedom</strong>: &quot;Myth: Checking my own credit report harms my standing. Truth: Personal requests and credit counselors — if they do it correctly, so insist on this as part of your agreement terms — fall under soft pulls, which do not reflect negatively on the evaluation.&quot;</p> <p><a href="http://www.3debtconsolidation.com/debt-reduction-mistakes.html">10 Crucial Debt Reduction Mistakes</a> from the <strong>Debt Management Community</strong>: &quot;Forgiven Debt is Taxable Income: If you have had a debt settlement agreement with <a href="http://www.clarisita.org/media/1/dilbert21219560030609.gif">your debtors</a> where they wrote off your debt, this automatically creates taxable income for you!&quot; </p> <p><a href="http://www.careonecredit.com/Knowledge/101-ways-to-save-one-dollar-a-week.html">101 Ways to Save One Dollar a Week</a> by <strong>Care on Credit</strong>: &quot;Go to beauty school: Time for a manicure, pedicure or haircut? Go to a <a href="http://www.lechatnoirboutique.com/proddetail.php?prod=FSWWC">training</a> salon and get professional work done at a fraction of the cost.&quot;</p> <h1>More Carnival Highlights</h1> <p><a href="http://www.freemoneyfinance.com/2007/03/dont_pour_your_.html">Don&#39;t Pour Your Money Down a Relative&#39;s Drain</a> from <strong>Free Money Finance</strong>: “even if you&#39;re willing to give money to help someone out, be sure they&#39;re ready to <a href="http://xkcd.com/c152.html">use it properly</a>. Otherwise, the gift will not really help them out.&quot; </p> <p><a href="http://www.queercents.com/2007/04/10/spendthrift-nation-drowning-in-debt/">Spendthrift Nation: Drowning in Debt</a> from <strong>Queercents</strong>: “we have now become a nation who, collectively, <a href="http://pbfcomics.com/archive/0PBF14056BC-Puppy_Wish.jpg">spend more than we earn</a> .&quot; </p> <p><a href="http://mortgagesloans.suite101.com/article.cfm/option_arm_resets_are_here">Don&#39;t Get Caught Off Guard When Your Adjustable Rate Mortgage Rises</a> from <strong>Michael Cook</strong>: “If you have refinanced recently and still find yourself in a rut, its time to try to renegotiate your payments. It is very important to be proactive in this process because <a href="http://www.transmogrifier.org/ch/comics/92/11/26.gif">banks</a> do not want to foreclose.”</p> <p><a href="http://www.pfadvice.com/2007/04/12/how-to-save-money-without-changing-your-lifestyle/">How To Save Money Without Changing Your Lifestyle</a> from <strong>Personal Finance Advice</strong>: &quot;When you think about saving money, what is the first image that comes to your mind? If it is that you are going to have to deprive yourself of something or some other <a href="http://www.waxy.org/random/images/farside.gif">feeling of dread</a>, then you have not mastered the proper way to save.&quot; </p> <p><a href="http://www.3debtconsolidation.com/credit-rating-importance.html">Importance of Your Credit Rating &amp; FICO Score</a> from <strong>Debt Management Community</strong>: “The <a href="http://www.commongroundseattle.org/images/Far-Side.gif">5 components</a> that make up your Credit Score include:</p> <ol> <li> <p>Previous Credit payments &amp; performance history</p> </li> <li> <p>Current debt load </p> </li> <li> <p>Your past average credit length or history </p> </li> <li> <p>Types of credit available to you </p> </li> <li> <p>Your applications for new credit”</p> </li> </ol> <p><a href="http://askmrcreditcard.com/creditcardblog/extreme-frugality-inspiration-for-cutting-expenses-and-debt/">Extreme Frugality? What the Amish Can Teach Us About Cutting Expenses and Debt</a> from <strong>Ask Mr Credit Card&#39;s Blog</strong>: “...And Oh! I forgot to ask if <a href="http://onclick.blogs.com/photos/uncategorized/dilbert200412087175_1.jpg">Amish people</a> carry credit cards!&quot;</p> <p>I guess <a href="http://bp1.blogger.com/_FBXGhy-QmVw/Rh4zFwDGn9I/AAAAAAAAAxk/MQ0jU3zYQew/s1600-h/card791.JPG">Vonnegut</a> was right: <span class="body">human beings are happier when they inhabit primitive communities again.</span></p> <p><a href="http://investmentpropertyinsider.com/?p=128">How to Build Your Commercial Real Estate Credit</a> from <strong>Investment Property Insider</strong>: &quot;most people do not pay attention to or monitor their credit files on a regular basis. If you are going to invest in real estate, this is an absolute &#39;must.&#39;&quot; <a href="http://www.dfki.uni-kl.de/frodo/km-dilbert.gif">Knowledge is power</a>! </p> <p><a href="http://www.campusgrotto.com/10-tips-on-how-to-get-a-college-scholarship.html">10 Tips on How to get a College Scholarship</a> by <strong>CampusGrotto College Blo</strong>g: “Search Locally - A local scholarship is probably your best chance for getting a College Scholarship. There are special scholarships just for locals, meaning it will be <a href="http://www.umich.edu/~nre562/pics/brain.jpg">less competitive</a>.”</p> <p>&nbsp;</p> <div style="text-align: center"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/webcomics2.jpg" alt="Kitty Webcomic" title="Kitty Webcomic" width="342" height="121" /></div> <p> <p>&nbsp;</p> <h1>More Great Entries<br /></h1> <p><a href="http://www.creditcardlowdown.com/2007/04/15_financial_le.html">15 Financial Lessons from the Demise of Anna Nicole Smith</a> from <strong>Credit Card Lowdown</strong>: “Hire a <a href="http://www.aprille.org/images/comic3.gif">good lawyer</a>: Howard K. Stern may have other skills that were appealing to Anna Nicole, but look at the parody of a will that he drew for her.&quot; </p> <p><a href="http://www.1031exchangelowdown.com/2007/04/10_biggest_mist.html">10 Biggest Mistakes Made by Poor People That Will Keep Them Poor</a> from <strong>1031 Exchange Lowdown</strong>: “<a href="http://www.joeindie.com/images/dilbert-minivan.gif">Not being ambitious</a>: A job at McDonalds may provide a steady paycheck, but if you&#39;re out of school and still working the drive-thru, you&#39;re simply not doing enough. ”</p> <p><a href="http://mercurialscribe.com/2007/04/09/monday-mondays-ep-4/">Monday Mondays, a Prsonal Budgeting Strategy</a> from <strong>Mercurial Scribe</strong>: “i have managed to reduce our debt and am working on increasing our income by &#39;closing&#39; every shift i can. But now, how to <a href="http://gaf.free.fr/dilbert/mauvaisefoi/dilbert1992705090908.gif">keep track</a> of all the income and expenditure?”</p> <p><a href="http://www.moneywalks.com/2007/04/09/credit-card-update/">Andy&#39;s Credit Card Update</a> from <strong>Money Walks</strong>: “So I managed to bring my credit card debt down to an even $4,000.00 just this past weekend....” </p> <p>Way to go Andy! I love ending the carnival on a <a href="http://xkcd.com/c150.html">happy note</a>! </p> <p>A big thanks to John the <a href="http://www.mightybargainhunter.com/">Mighty Bargain Hunter</a> for giving us the opportunity to host. You can catch the next edition at <a href="http://getting-green.blogspot.com/index.html">Getting Green</a>, where the men are strong, the women are good looking, and the financial advice is personable. </p> <p><em>Photos by <a href="http://flickr.com/photo_zoom.gne?id=41387192&amp;size=s">CKirkman</a> and <a href="http://flickr.com/photos/stevenvanwel/29925489/in/set-422959/">Stevenvanwel</a>.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/will-chen">Will Chen</a> of <a href="http://www.wisebread.com/83rd-carnival-of-debt-reduction-webcomics-edition">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-to-use-savings-to-pay-off-debt">When to Use Savings to Pay Off Debt</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/peak-debt">Peak Debt</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/acknowledge-you-have-a-problem-with-debt">Acknowledge You Have a Problem with Debt</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/wage-slave-debt-slave">Wage slave, debt slave</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/contributing-to-a-roth-versus-paying-down-debt">Contributing to a Roth Versus Paying Down Debt</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Debt Management carnival carnival of debt reduction credit card debt Mon, 16 Apr 2007 12:29:22 +0000 Will Chen 514 at http://www.wisebread.com Telemarketers Prank Call Me - 800-266-9420 http://www.wisebread.com/telemarketers-prank-call-me-800-266-9420 <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/telemarketers-prank-call-me-800-266-9420" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3320044072_3702d641ca.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="250" /></a> </div> </div> </div> <p>Almost immediately after receiving my new VISA card in the mail, I began receiving calls from a number that showed up on my caller ID as 800-266-9420. The first few times, when I answered the calls, there was that weird mechanical pause, the one that tells you that the computer is alerting the telemarketing rep that they've got a live one. I waited patiently, and asked the telemarketer on the other end to tell me how they got my number.</p> <p>They inevitably claimed to be calling on behalf of VISA. They couldn't tell me which VISA card they were talking about. At one point, I claimed not to have a VISA card at all, to which the rep responded &quot;I don't care&quot; and continued babbling from his script about all the rewards that I could earn, if I'd just keep listening to him babble.</p> <p>I hung up.</p> <p class="heading">The Pranking Begins</p> <p>A couple of days later, I began receiving phone calls at the rate of four or five per day from 800-266-9420. When I would pick up, ready to give the telemarketer and earful about my number's presence on the <a href="https://www.donotcall.gov/default.aspx">Do Not Call</a> list, they would hang up on me.</p> <p>I'm not sure if it was retaliation for sure, but it sure felt like it. I had already rebuffed their unwelcome and unsolicited advances several times. And now they were calling at odd hours, in meetings. But they never said a word. The computer waited for my hello, and would then connect to a person (I could hear them breathing) and fnally, they would hang up.</p> <p>I tried calling them back at the number appearing on my caller ID, but only got a busy signal.</p> <p>I'm <a href="http://smallbusiness.yahoo.com/r-answers-a-20070207165356AAj6d7w-k-local+businesses">not alone in this experience</a>. Go ahead and Google the <a href="http://www.complaintsboard.com/complaints/1-800-266-9420-c4746.html">phone number</a> and you'll find <a href="http://whocalled.us/lookup/8002669420">all kinds of rants about it</a>. I wouldn't even be blogging about it, except it started happening to a couple of friends the other day, so I thought I'd go ahead a post a little sum-sump'n on how to get them to stop.</p> <p class="heading">Make It Stop!</p> <p>If this is happening to you, first of all, I'm sorry.</p> <p>Fortunately, someone at <a href="http://whocalled.us/">Who Called</a> has done some sleuthing, and they discovered the number at which the company's managers can be reached.</p> <p>When you call, they will answer with &quot;Corporate&quot;, but the name of the company is allegedly &quot;Platinum Rewards&quot;. I called and explained my situation, and the manager (Roxanne?) apologized and claimed that a computer glitch had caused the repeated calling and hang-ups. She also blamed it on young, inexperienced employees, but I seriously doubt that this is the case. I've had a lot of spam-type calls over the years, and none of them have hung up on me <strong>AFTER</strong> I've said &quot;Hello? Hello? Oh, god, is this one of those stupid....&quot;</p> <p>The managers all seems quite nice, and if you want them to stop calling you, I recommend just calmly explaining your situation to them. Keep in mind that your information was given to them without your permission. Since I've called, I've been phone spam free.</p> <p>It's hard to know how they get your number. I was initally convinced that VISA had sold them my info, but the manager that I spoke to told me that they received the info from &quot;usage&quot; meaning that a third party, such as a hotel that I had stayed at, had sold them the information.</p> <p>That doesn't mean that I'm not filing a complaint against the company with the BBB of Clearwater, FL.</p> <p>Platinum Rewards <br /> 18586 US-19 N<br /> Clearwater, FL 33764</p> <p>I emailed Ben at Consumerist and he mentioned that <a href="https://www.donotcall.gov/Complain/ComplainCheck.aspx">filing a complaint with the Do Not Call site</a> is also an option, although you have to have been on the list for 31 days before you can file.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/telemarketers-prank-call-me-800-266-9420">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/debit-or-credit-which-one-should-you-choose-at-the-checkout">Debit Or Credit? Which One Should You Choose At The Checkout?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/secrets-of-telemarketing-from-an-industry-insider">Secrets of Telemarketing From an Industry Insider</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/unsolicited-phone-calls-how-you-could-unwittingly-change-the-world">Unsolicited Phone Calls: How You Could Unwittingly Change the World</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-will-the-new-credit-card-rules-affect-consumers">How will the new credit card rules affect consumers?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/whats-the-difference-between-mastercard-and-visa-credit-cards">What&#039;s the Difference Between MasterCard and Visa Credit Cards?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs 800-266-9420 8002669420 automated call credit card Do Not Call list phone spam rewards telemarketing VISA Fri, 16 Mar 2007 22:23:36 +0000 Andrea Karim 361 at http://www.wisebread.com SNL Financial Advice: Don't Buy Stuff You Cannot Afford! http://www.wisebread.com/snl-financial-advice-dont-buy-stuff-you-cannot-afford <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/snl-financial-advice-dont-buy-stuff-you-cannot-afford" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000022151312_Large.jpg" alt="couple watching tv" title="couple watching tv" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>From the &quot;only funny because it's true&quot; file, I present to you the straight dope on how to cut down your debt, coiurtesy of Saturday Night Live.&nbsp;Read the <a href="http://snltranscripts.jt.org/05/05lbuy.phtml">full&nbsp;SNL skit&nbsp;transcript</a>, or check out these particularly funny snippets:&nbsp;</p> <blockquote><p>Wife: &quot;If you don't have any money you should not buy anything... hmmm... sounds interesting.&quot;</p> <p>Husband (rolling his eyes): &quot;Sounds confusing.&quot;</p> <p>Wife: &quot;There's a whole section here on how to buy expensive things using money you save.&quot;</p> <p>Husband (really skeptical now): &quot;And where would you get this 'saved money?'&quot;</p> </blockquote> <p align="left">&nbsp;</p> <blockquote><p>Wife: &quot;What if I want something and I don't have any money?&quot;</p> <p>Financial Advisor: &quot;You don't buy it.&quot;</p> <p>Husband (confused): &quot;Let's say I don't have enough money to buy something. Should I buy it anyway?&quot;</p> <p>Financial Advisor (patronizing): &quot;Nooooooo.&quot;</p> </blockquote> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/will-chen">Will Chen</a> of <a href="http://www.wisebread.com/snl-financial-advice-dont-buy-stuff-you-cannot-afford">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-9"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-most-valuable-thing-debt-takes-from-you-isnt-money-its-this">The Most Valuable Thing Debt Takes From You Isn&#039;t Money — It&#039;s This</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-dark-side-motivations-to-get-you-out-of-debt">10 Dark-Side Motivations to Get You Out of Debt</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/debt-repayment-is-not-an-expense">Debt repayment is not an expense</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-financial-habits-just-bad">Are Your Financial Habits Just Bad?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/recession-journal-part-i-fast-money-in-the-09">Recession Journal Part I: &#039;Fast&#039; Money in the &#039;09</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Debt Management credit card debt saturday night live snl Fri, 02 Feb 2007 17:06:18 +0000 Will Chen 246 at http://www.wisebread.com