Citigroup Mails More Credit Card Offers Than There Are Americans
News from Huffington Post:

Citigroup Inc. is hoping everyone and their mother and then some will sign up for a credit card.

The bank mailed 346 million credit card offers in the third quarter, The Wall Street Journal reports. That’s more than the approximately 308 million people in the U.S, according to the Census Bureau.

But even with the mailbox stuffing, the move may not pay off. Consumer use of revolving credit, which includes credit cards, dropped the most in six months in July, according to Bloomberg.

Americans may be saving more after racking up debt leading up to the recession, which could make it difficult for Citi’s mail to get answered. The continues on Huffington Post
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Credit card use to slow as dollar weakens?
News from Mozo.com.au:

Aussies shoppers may be less likely to use their credit cards in the coming months as the dollar has started to weaken and slip back into parity with the US dollar.

Over recent months, people have been more inclined to book holidays abroad and shop online as they take advantage of the attractive exchange rates, reports the Australian Associated Press.

Internet retail has done well recently as increasing numbers of consumers have tried to ensure they get the best deals possible by searching for products online.

A study by Macquarie Equities Research revealed that 18 per cent of people who visit high street stores are only window shopping and that if they make a purchase they will do so on the internet rather than in-store.

The report, published in July, revealed that the stre…………… continues on Mozo.com.au

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Android developers can finally use Card.io’s optical credit card reader
News from VentureBeat:

The last time we checked in with Card.io there was a major hole in the company’s software-based credit card payment solution for smartphones: There wasn’t an SDK for Android.

Today Card.io is changing that by making its optical character recognition credit card reader available to Android developers. This is an important step for the company because it’s targeting software developers, not merchants or consumers, with the technology.

The technology lets people snap a picture of their credit cards with a smartphone to purchase goods and services. Card.io reduces the number of taps requir…………… continues on VentureBeat
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Torabi: Get a credit card, use it responsibly!
News from msnbc.com:

Today Money financial expert Farnoosh Torabi joined us for a live Web chat Wednesday to answer your questions.

Here’s one of her answers to questions from the live chat. (See below for the full Q&A and video of Farnoosh’s TV appearance this morning.)

Raven asked:

“I’m a single mother of two, making minimum wage at one job. I usually don’t have extra money for anything like school clothes or anything or for emergencies if I were to get a flat tire or anything. I’ve been thinking about getting a credit card for these kinds of things. I also have zero credit so I thought getting a credit card might help for that too. Should i get one? If so what kind should I get? Or should I stay far away since I don’t make that much money?”

Farnoosh replied:

“I do think it’s important to open a credit card to begin establishing credit. However, carrying a balance on a credit card is NOT good for your credit score. You want t…………… continues on msnbc.com
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