Will the New iPhone Kill the Credit Card?

Over the last decade or so, mobile payment companies have worked furiously to come up with a more secure way for consumers to do what they do best – spend money. Many of the innovations had great potential, but consumers were less than eager to jump on board and confidence about security has always been in question. Credit card payment systems haven’t changed much over the last twenty years – the classic swipe and sign is something we’ve all be accustomed to at the payment counter; but just like they transformed the music industry with the iPod, Apple is hoping to change the way we process credit card payments with Apple Pay. More

Potential Regulations to Follow-Up the CARD Act

No matter which side of the fence you’re on regarding government intervention in the financial market, the big question this year is whether we can expect more regulation by the Fed and how it will affect lenders and borrowers. While there’s no doubt that many of the rules implemented by the CARD Act have been beneficial, the concern is that more laws will stifle the lending necessary to fund a growing economy. Here are some of the proposed changes being talked about this year. More

Credit Card Companies Now Offering Free Access to Your Credit Score

Credit Scores MatterWith so much attention given to the importance of credit scores by all facets of the media, i.e., print, television and online, the results of a 2013 study of 1,022 Americans came as a surprise with as many as two-fifths (408) of those surveyed unaware of important facets of their personal credit scores. The study, co-sponsored by the Consumer Federation of America (CFA) and VantageScore Solutions, demonstrated the need for easier access of consumer credit scores. More

An Option to Ease the Fear of Paying Medical Bills

What are Americans to do??? While our healthcare system wasn’t perfect, it was the best in the world and now it’s in such disarray that those who had insurance are now in the position of needing to shop around for coverage that meets the new government standards. In the process, the medical establishment has been shaken to its core with doctors wondering what the future holds. With so much uncertainty, the biggest fear of many Americans is to suffer a catastrophic health emergency with no means to pay. More

An American Express Benefit for The Holidays

American Express Shop Runner BenefitFree shipping is the bait most often used by retailers to lure consumers to their websites during holiday season. For a fee, Amazon.com offers their ‘Prime’ customers that privilege, but for many of us the annual fee doesn’t justify the potential savings. And then comes American Express with an offer for any average Joe who qualifies for one of their credit cards. Here’s the scoop on the latest complimentary benefit AMEX card holders will enjoy, especially during the mad rush of the holidays. More

Before You Apply For an In-Store Credit Card…

Retail Store Credit CardEach year the holiday shopping season seems to come a little bit earlier, with many retailers offering layaway plans and encouraging early shopping months in advance. Even with a budget in place beforehand, half of us will go over budget. For most Americans, gifts and other incidentals that make the Holiday Season bright are paid for with a credit card. And as Black Friday and Cyber Monday approach, you can expect even more offers from sales personnel to apply for retail store credit cards. More

Another Positive Report About the CARD Act

CARD ActAn ongoing political debate rages on about whether or not the intervention of the federal government is a necessity or a hindrance to the free market. It gets especially heated when the proposed changes affect our personal finances. The CARD Act has been in place for four years and is generally viewed as one piece of legislation that has been a benefit rather than and intrusion to American consumers, and the latest report by the Consumer Financial Protection Bureau (CFPB) adds to that positive impression. More

Credit Card Benefits for U.S. Military Personnel

The men and women in the American armed forces are often recognized collectively but often go unnamed as individuals. Many are in situations that may call for giving the ultimate sacrifice, while their families give up many of the freedoms the rest of us enjoy. Spouses and children move from one military compound to another with little hope of setting down permanent roots – a stressful and challenging way of life. With little control over income, financial resources may be stretched to their limit. More

4 Ways to Maximize Your Credit Card Rewards

Maximize Credit Card RewardsIf you’re like many people, you’re drawn to using a specific credit card by the thought of earning big rewards just for using it for all of your purchasing needs. You use it exclusively for much of your spending and then forget about it and fail to take advantage of optimizing your rewards, or even worse you leave them unredeemed and move on to a new account with a lower interest rate or better terms. Be more vigilant… not taking advantage of your credit card rewards is like throwing money down the drain! More

The Cause of Fluctuating Credit Card Limits

Gone are the days when getting enough credit to buy whatever your heart desired was as simple as filling out a credit card application. It wasn’t unusual for a first time borrowers to be approved for a credit limit of several thousand dollars without any proof of income. As a result of the so-called ‘free’ money, many Americans developed poor spending habits and became overwhelmed with large credit card balances that would take years to pay off. Something had to give, and lenders responded. More