credit cards

Borrowers, lenders, and others--beware trusting the government

Having a prosperous country (as opposed to having merely a prosperous elite) depends fundamentally on the rule of law. The system can work adequately well with various sets of rule

New Credit Card Legislation Buzz: An Interview with Wall Street Journal’s Mary Pilon

The AP just announced that new credit card rules have passed legislation and are headed to President Obama for final approval. Much speculation can be made on how this new set of

Would you get rid of credit cards if stores give more discounts to customers who pay cash ?

I am sure you have encountered a store or gas station that has a set of prices for cash customers and a set of prices for credit card customers. Usually the credit card customer h

Suze Orman Tells Us To Pay ONLY The Minimum On Credit Cards. Wait, What?!

You’re not seeing things. This is not an April Fool’s gag (although if I’d written this last year it would have been). No, this is Suze Orman’s latest advice and it is a complete 1

10 Reasons Why I Prefer Credit Cards Over Cash

You can call this a defense of the maligned credit card. There are a lot of people out there who are very distrustful of credit cards and the companies that offer them, no thanks t

Best of Personal Finance: Credit Where Credit Is Due Edition

Credit cards are fun for the whole family, until the bills start rolling in and you are expected to hand over your hard-earned money for the stuff you bought on plastic. In this we

Watch out for new credit card "policies" - CHASE card holders already hit with fees

The other day as I was going through my monthly process of paying bills, I noticed one of my credit cards suddenly had an increase in the minimum payment by double. Additionally,

Debit Cards vs. Credit Cards: Fees and Fraud Protection

Debit cards might be better than credit cards because in theory, you'll spend less if you are only paying with money you have. But how do debit cards stack up in terms of fees and

Do we really need help with getting more debt?

Today a new rescue program called the Term Asset-Backed Securities Loan Facility (TALF) was announced by the Treasury and Federal Reserve to support owners of securities backed by

You Can’t Save if You Don’t Try

There has been much discussion about whether certain money-saving strategies are worth your time. In a recent article in Parade Magazine, Tim Harford alerts us to “Bargains That A

Capital One: What’s In Your Envelope?

Just when I thought credit card companies couldn’t get any more wasteful, I received the mother of all credit card offers in the mail. Excited by what I thought was something wort

Possible protections for credit card holders

The Federal Reserve has proposed some new rules to protect people from a list of abusive lending practices. The changes aren't in effect yet, and may not actually go into effect.

Foreign exchange class action settlement

Did you travel overseas between 1996 and 2006? Or, did you charge anything on a credit or debit card in a foreign currency? If so, be sure to claim your share of a class action s

Budget Busters

Every day I read about 60-70 personal finance/frugal living blogs. Through the help of many of our online friends, I have been fortunate enough to put my personal finance position

UK banks are blocking customers' credit cards. Will the USA be next?

It was bound to happen. I just thought it would happen over here first. Today

It Pays to Call and Ask

Sometimes you have to ask 20 different people 20 different ways. It's usually worth it.

Top Seven Reasons Why I Use My Credit Card for Everything

I charge absolutely everything to my credit card. Everything. Here are the reasons why I am a credit card junkie.

Carry some cash

I recommend carrying some actual cash money. When I do that, a lot of people say, "Why? Everyplace I go takes credit and debit cards." In fact, I know people who brag about spen

6 Steps to Eliminating Your Debt Painlessly

Eliminating Debt Painlessly. Rarely do you see these words fit together in a neat little sentence. The very act of putting your hard earned money towards the stack of debts you've

Everything you should know about getting a credit card but didn’t have a clue to ask

The fine print on credit card offers is not terribly easy to understand, especially if you have not encountered all of the possible scenarios that generate interest charges and fee