American Express doubles cashback on Platinum card

Posted by administrator | 01/02/12 | Tagged Credit Card

American Express doubles cashback on Platinum card
News from Mirror.co.uk:

The cashback on offer from the American Express Platinum Cashback credit card has been doubled to 5% for the first three months.

I love the idea of getting a reward for the money I spend on my credit card.

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In my case, I use my Tesco Clubcard Credit Card for everything, as a way of racking up Clubcard points. However, that does limit me somewhat in what I can cash in my ‘rewards’ on – either discounted shopping, or vouchers for one of Tesco’s partner schemes.

If you want to have completely free rein on how to cash in your rewards, then the best option is a cashback credit card. And the good news is that one of the leading cashback cards in the market just got a whole lot better!

The American Express Platinum Cashback credit card

Last year Americ…………… continues on Mirror.co.uk

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Just Ask Gemalto: Why would you move your credit card info to your phone?
News from MiamiHerald.com:

Q: Why would you move your credit card into your phone? If it gets stolen, someone could use it, couldn’t they?

A: You have the same level of protection when paying with your cell phone as you do with the cards in your wallet. If there are debit cards stored in your phone, they remain PIN-protected, like your ATM card. If there are credit cards stored in your phone, you will have to sign for large amounts as you would with a credit card. Mobile payment works the same way with one important plus — you also have the option to lock your phone, so no one can access your credit or debit card or your phone service without entering your phone’s PIN code.

JustAskGemalto.com is a site dedicated to providing the latest news and tips to keep your personal information safe while enjoying the technology you use every day. JustAskGemalto.com has become a trusted source of information and answers questions like, “What can I do if my mobile phone is stolen?” and “Are passwords safe?” Find more at http://www.justaskgemalto.com/

2012, McClatchy-Tribune Information Services.

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The Ugly Truth About Credit Card Debt

Posted by administrator | 01/02/12 | Tagged Credit Card Debt

The Ugly Truth About Credit Card Debt
News from Investing Answers:

Is your January credit card statement staring you in the face, and looking eerily similar to your December one? You know that unpaid holiday shopping, and everything else you’re putting on your plastic in the mean time, is costing you.

But did you know that even if you pay your bill in full every month, you’ll probably spend more on a credit card than if you would have paid in cash or on a debit card? 

[InvestingAnswers Feature: “Credit or Debit? Your Choice Could Cost You 3%”]

The Journal of Consumer Research completed a study that shows paying with a credit card increases a consumer’s propensity to spend compared to using cash.

Similarly, Javelin Strategy and Research took a look at Cyber Monday spending habits and found that…………… continues on Investing Answers

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Biz Brain: Divorce and credit card debt
News from The Star-Ledger – NJ.com:

Q. I plan to divorce my husband who has five credit cards in his name only. I am not authorized for any of the credit cards. My husband recently amassed a $ 13,500 debt on the cards. When I divorce him, am I liable for any of his debt? I have tried to talk to his credit card representatives but they refuse to talk to me because I am not on the credit cards and not authorized to use the cards.
– Soon-to-be-single

A. You have to deal with two perspectives here: the legal one, and the reality of divorce negotiations.
First, because you’re not listed on the account, you are not responsible for any of the credit card debt your husband has in his own name, said Jennifer Murray, a certified financial planner with Stonebridge Financial Advisors in Morristown.

“If you husband is slow in making credit card payments on this debt it will not affect your credit rating,” she said.

But during a divorce, any and all assets and liabilities amassed during a marriage are generally subject to equitable distribution.

“Just as you have a right to share in the value of all the assets acquired during the marriage, whether the same were amassed in your husband’s sole name or in joint names, you will be burdened with a share of all debt amassed during the marriage, whether the same was amassed in your husband’s sole name or in joint names,” said Ken White, a…………… continues on The Star-Ledger – NJ.com

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Credit Cards 101: How to Use Credit Wisely

Posted by administrator | 01/02/12 | Tagged Credit Card

Credit Cards 101: How to Use Credit Wisely
News from Credit Unions Online:

In today’s culture and economy, one would be hard pressed to find a US consumer without at least a single credit card in their wallet.  While most people carry some form of plastic currency, there are those of us who use it responsibly and those who could benefit from a lesson in smart credit card usage.  In fact, according to moneyzine.com, the 2010 US census bureau reported that U.S.citizens had over $ 886 billion in credit card debt and that figure was expected to rise to $ 1.177 trillion during the year. More specifically, the report stated that each card holder had an average credit card debt of $ 5,100 and that number was projected to reach $ 6,500 by the end of 2011.

What credit card users must realize is that credit cards are a tool which, if used wisely, can help establish and maintain good credit, and finance major expenses, but if used foolishly can also be the key to one’s financial undoing.

Read on for some simple tips on managing your credit card usage and making the most of the plastic in your wallet.

  1. Go for low-rate credit.

In a world of many types of high rate loans, introductory low-rate credit offers se…………… continues on Credit Unions Online

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T-Mobile to offer Square card reader to business customers
News from SlashGear:

Anyone with an iPhone can apply for a free Square credit card reader. But now the process is easier than ever, as T-Mobile will begin offering the revolutionary small business solution at the point of purchase to customers who sign up for a business plan. It’s a move that will increase awareness not only for Square but also for T-Mobile’s new push to attract enterprise users.

What exactly comes with a T-Mobile business plan? The carrier offers service rates as low as $ 60 per month for two lines, as well as special bundles of apps that are designed for business customers (e.g., DropBox, Evernote, and LinkedIn). The carrier wants to be defined as the best option for those customers. For Square, it means finally having a brick-and-mortar retail presence.

Square has been a cataclysmic help for small business owners who are out hitting the pavement and may be able to pick up sales that would have been lost if they were only able to accept cash. Said one Nikki Halgren, a small business owner who was quoted in the T-Mobile/Square press release, the ca…………… continues on SlashGear

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Merchant Processing 101.
An Ebook(r) For Merchants Who Accepts Credit Cards Giving A Complete Analysis Revealing Hidden/unneeded Fees. Will Save Thousands!
Merchant Processing 101.

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