Five Tips if Tempted By No-Interest Credit Card

Posted by administrator | 31/07/12 | Tagged Credit Card

Five Tips if Tempted By No-Interest Credit Card
News from Fox Business:

Take the Bait of a 0% Credit Card?

“Here’s a $ 5,000 loan — interest-free — for at least a year! Apply for a 0% credit card today.” That’s what roughly a quarter of credit cards essentially are offering these days, according to a first-ever survey by CreditCards.com, a Bankrate-owned website.

No-interest credit cards, which are interest-free for a limited time, are more common than they were just two years ago. Card issuers want to beef up their customer counts and are offering zero percent credit card promotions to bait Americans who don’t pay off entire balances every month or who want to slash the interest cost on existing card debt.

There’s no doubt these credit card offers are enticing and can be a good deal if used correctly. But before clicking or checking “I accept” to get your new zero percent credit card, consider these five tips to make sure your decision is the right one.

Know That You Might Not Even Qualify

Just because the no-interest credit card offer showed up in your mailbox doesn’t mean you’ll get it, says John Ulzheimer, president of consumer education at credit monitoring service SmartCredit.com. Issuers prescreen before sending out their pitches, but your credit score could change for the worse by the time you fill out the application.

Issuers want cardholders who pose the…………… continues on Fox Business

… Read the full article
.

Related News:

Texas Man: Credit Card Use was Fraudulent
News from Patch.com:

Watchung Borough police reported a Fort Worth, Texas, resident said someone used a credit card account of his at the BJ’s Wholesale Club on June 30, to purchase items totaling $ 419.88. Police are continuing to investigate the report.  

Police also reported the following thefts this month:

Luis Valdiva, 54, of Plainfield, was charged with shoplifting two necklaces, valued at $ 139.98, from the Sears department store at 12:17 p.m. July 13. He was released on his own after the charge was filed, pending an appearance in municipal court. 

***

Dulnelly Herrera, 38, of South Plainfield, was charged with shoplifting shirts and sunglasses, valued at $ 76 in total, also from the Sears store at 3:20 p.m. July 21. She was released on her own recognizance, pending an appearance in municipal court.

***

Jazmin Harris, 20, of Plainfield, was charged with shoplifting women’s clothing valued at $ 220.82 from the TJ Maxx Store on Route 22 at 1:33 p.m. July 18. Police said a warrant for her arrest had been issued by the Plainfield Municipal Court. She was released after posting $ 230 in bail, pending an appearance in municipal court.

***

Yvette Green, 23, of Piscataway, was charged with shoplifting DVDs and women’s clothing, totaling $ 551.46, at the

… Read the full article


Refinance Car to Pay Off Credit Card Debt?

Posted by administrator | 30/07/12 | Tagged Credit Card Debt

Refinance Car to Pay Off Credit Card Debt?
News from Fox Business:

Dear Debt Adviser,
I have about $ 6,000 in credit card debt at an average of 25% interest. Would it be a good move to refinance my car at 6% or 7% interest through my credit union and pay off these card balances? I have lots of equity in my car and a 660-plus credit score. Thank you.
— Fred

Dear Fred,
I am going to make an assumption here that something happened between the time you bought your car and now. Credit card debt at 25% interest and a credit score of 660 does not fit with the phrase “lots of equity in my car.” Generally speaking, most people who have car loans have little or no equity in their vehicles simply because cars depreciate in value so quickly. The fact that you have lots of equity means you probably made a fairly substantial down payment, or perhaps paid cash for your car. So my guess is that your finances were fat in the past but are thinner now.

The reason I say this is relevant to my answer. If something did already happen that negatively affected your finances (decreased hours at work, divorce, bad run in Vegas, etc.), there’s always the chance the bad news isn’t over. And if it’s not, you may need the opportunity to refinance your vehicle or just sell the car and trade down to get some cash for something more important than paying off credit card debt — like paying rent or buying food.

The…………… continues on Fox Business

… Read the full article
.

Related News:

How to Tell If You Have Too Much Debt
News from Fox Business:

In most cases, any amount of debt is too much. But with weak job growth, stagnate wages and a drop in consumer confidence, credit card debt has climbed its highest level since November 2007.

New statistics show that more consumers turned to credit cards for purchases as revolving debt rose by $ 8 billion, increasing the total credit card debt to $ 870 billion, according to the Federal Reserve.

The problem with credit card debt is that it can quickly spiral out of control: as the debt burden increases, so do monthly payments and the amount owed continues to pile up. With just a few big charges, a credit card bill that was once affordable is suddenly out of your control.

If you are facing credit card debt, don’t wait until you are struggling to address the issue. If you notice credit card bills growing, realize it and start keeping better track of your spending and look for ways to cut back and reduce spending.  You need a good way to keep tabs on your debt burden to ensure you’re not headed down a road of financial distress. This is where a personal debt-to-income ratio can come in handy.

A debt-to-income ratio provides an accurate gauge of your financial standing and calculates how your debt level relates to your given income level. What counts as a manageable level of debt for one person may be too much for another person with less income. continues on Fox Business

… Read the full article


BMV Quantum Subliminal CD Get Out of Debt: Reduce Personal Debt and Consumer Debt (Ultrasonic Subliminal Series)
Program your subconscious mind to get out of debt, pay off your consumer debt and stop creating personal debt. Create amazing resu…
Victor V14 Personal Financial Calculator For DummiesTM
Introducing the Personal Financial Calculator For Dummies . . . a fun and easy way to manage personal finances with new-found know…

Myanmar banks hoping to see use of international credit cards by next year
News from Washington Post:

‘,
‘]

return ret.join(”);
}

function setCarouselContents(){
var paramUser = getParamUser();
var paramABTestBucket = getParamABTestBucket();
var baseurl = “http://md1.washingtonpost.com”;//”http://md1.washingtonpost.com”

//The current url

var paramCurrentUrl = “&url=” + encodeURI(TWP.Data.NN.canonicalURL);//we have confirmation this is preferred over ‘href’
//test url – we need this especially for recipe 4. Other recipes may work at least partially with prodprev urls
//var paramCurrentUrl = “&url=” + encodeURI(“/entertainment/tv/tbss-men-at-work-a-rerun-before-its-even-started/2012/05/23/gJQAcSedkU_story.html”);

var rgUrlGetRecommendedVideos = [baseurl, “/search-recommendation/videos.jsonp?callback=?”, paramUser, paramABTestBucket, paramCurrentUrl];
var urlGetRecommendedVideos = rgUrlGetRecommendedVideos.join(”);

$ .getJSON(urlGetRecommendedVideos, function(data) {
if(data == null || data.results == undefined || data.results == null){
return;
}

//constants – the size of images, count of items per row
var itemsPerRow = 4;
//the following five lines specify the size…………… continues on Washington Post

… Read the full article
.

Related News:

Building a great credit score from scratch
News from Fox Business:

You’ve likely known that credit scores are important since long before you got your first credit card. But when you’re just starting out in the world of credit, learning how to create a strong credit score can be tricky.

Credit cards can offer the key to beginning your credit history on the right foot, but only if you use them smartly. The guidelines below can help you use your credit cards to begin establishing a great credit score from the start.

Using credit cards to boost your credit score

You must begin using credit to establish your credit score, which for many means applying for a credit card. Once you have that new card, these tips can help you craft good credit that will last a lifetime:

  1. Create a strong credit history. If you’ve never had a credit card before, you’ll probably be limited to card options with a fairly high APR. With high-interest cards, it’s wise to stick to small purchases and pay your balance off before the end of each billing cycle. This will help you save on interest and show lending agencies that you can handle the responsibility that comes with spending on credit.
  2. Consider owning a few cards. After using your first card to make some respon…………… continues on Fox Business

… Read the full article


Credit Card Debt Plagues Rich And Poor Alike

Posted by administrator | 28/07/12 | Tagged Credit Card Debt

Credit Card Debt Plagues Rich And Poor Alike
News from TheStreet.com:

Remember when news reports claimed that actress Lindsay Lohan supposedly owed $ 600,000 in credit card debt and was having trouble paying it off? This sad story just goes to show that people of all income levels, professions, and stages of life can end up wallowing in credit card debt if they don’t have good money management skills.

Get Real and Confront Credit Card Use

Get alerts before Link and Cramer make every trade

Even people who earn six figure incomes or more can find themselves struggling to keep up with credit card payments and other bills related to lavish lifestyles. So what should you do if your credit card use has spiraled out of control? Use the following tips to clean up your act and get credit card debt under control.

1. Stop making excuses

If you are addicted to shopping and other behaviors that run up credit card debt, recognize it and get help. Run, don’t walk, to a credit counselor or group like Debtor’s…………… continues on TheStreet.com

… Read the full article
.

Related News:

The Smartest Ways To Climb Out Of Credit Card Debt
News from Business Insider:

flickr/subflux

When used responsibly, credit cards are a great way to

… Read the full article


Credit card debt plagues rich and poor alike

Posted by administrator | 28/07/12 | Tagged Credit Card

Credit card debt plagues rich and poor alike
News from Fox Business:

Remember when news reports claimed that actress Lindsay Lohan supposedly owed $ 600,000 in credit card debt and was having trouble paying it off? This sad story just goes to show that people of all income levels, professions, and stages of life can end up wallowing in credit card debt if they don’t have good money management skills.

Get Real and Confront Credit Card Use

Even people who earn six figure incomes or more can find themselves struggling to keep up with credit card payments and other bills related to lavish lifestyles. So what should you do if your credit card use has spiraled out of control? Use the following tips to clean up your act and get credit card debt under control.

1. Stop making excuses

If you are addicted to shopping and other behaviors that run up credit card debt, recognize it and get help. Run, don’t walk, to a credit counselor or group like Debtor’s Anonymous. Unless you are willing to make real and lasting changes, you are likely to continue your dependence on credit cards.

2. Stop trying to ke…………… continues on Fox Business

… Read the full article
.

Related News:


Will credit card offers soon lose their shine?

Posted by administrator | 27/07/12 | Tagged Credit Card

Will credit card offers soon lose their shine?
News from Fox Business:

On July 12, David Seaman made a startling prediction in his Business Insider column. He forecast that sign-up bonuses and other credit card offers that banks use to lure new customers could soon become less attractive.

Say bon voyage to that free ticket

How can that be? Surely credit card companies have spent the period since the great recession desperately trying to build market share by tempting new customers with some pretty amazing deals. For example, at the time of writing, the Blue Cash Preferred(SM) Card from American Express is offering a whopping $ 150 cash back if you spend $ 1,000 on the card during your first three months of membership. And the Gold Delta SkyMiles® Credit Card from American Express gives you 30,000 bonus miles if you spend $ 500 on your new card, again during the first three months you have it.

And it’s not just American Express that’s using sign-up bonuses. A quick glance at IndexCreditCards.com’s credit card lists reveals that Chase, Citi,

… Read the full article
.

Related News:

With good credit goes great responsibility
News from Burlington Hawk Eye:

Credit card usage among young adults is widespread and each year continues to grow. I was in my late 20s when I obtained my first credit card, and it was due to having to have one for hotel reservations and renting a vehicle.

Prior to this, all my transactions were cash or check. When obtaining a credit card for the first time, there comes with it much responsibility and safety concerns. Credit card use now is common on college campuses. It is estimated 78 percent of college students have at least one credit card, and 30 percent have at least four.

Managing credit cards is a great responsibility and one that will have a huge impact on young adult lives, as well as for older users. Financial habits developed at a young age will lay the foundation that will last a lifetime.

Paying on time each month or late payments will be recorded and will affect your credit rating. USA Today reported college graduates, on average, owe about $ 19,000 in credit card debt. However, many college students use credit cards wisely, and pay the balances in full each month. A good rule to follow is, if you can’t pay for it by the end of the month, don’t make the purchase.

Advertisement

Credit card debt is one of the largest contributors to bankruptcy. Defaulting on credit cards will be noted on a person’s credit report. Credit scores determine the int…………… continues on Burlington Hawk Eye

… Read the full article


Ex-Aide to Mayor Kevin Johnson Under Criminal Investigation Over Credit Card …
News from LoanSafe:

(Source: Ryan Lillis The Sacramento Bee, Calif. (MCT) – The former aide to Sacramento Mayor Kevin Johnson who allegedly used her city-issued credit card for personal purchases is now the subject of a criminal investigation.

Sacramento police officials announced Wednesday they were investigating the credit card use of Lisa Serna-Mayorga, who sources said resigned last week after it was revealed she had bought $ 9,000 in personal items on her city card. Those purchases included a trip to Disneyland, gasoline and groceries, the sources said.

“Like anything else, when someone is entitled with the public trust and there’s an accusation of misconduct, we need to investigate it thoroughly,” Police Chief Rick Braziel said.

Serna-Mayorga signed a “Purchasing Card Request” in December 2008, soon after she was appointed by Johnson to serve as the City Council operations manager. In signing that form, a copy of which was obtained by The Bee, Serna-Mayorga agreed “that use of the Purchasing Card for any purpose other than City business is a crime, and will be prosecuted,” according to the document.

That statement has become the basis for the criminal probe, officials said.

“It warrants this because of the circumstances…………… continues on LoanSafe

… Read the full article
.

Related News:

Visa beats estimates as credit-card use climbs
News from Pittsburgh Post Gazette:

Visa Inc., the world’s biggest payments network, posted a fiscal third-quarter profit excluding legal costs that beat analysts’ estimates as card spending rose.

Adjusted net income for the three months ended June 30 climbed to $ 1.06 billion, or $ 1.56 a share, from $ 883 million, or $ 1.26, a year earlier, the San Francisco-based company said yesterday in a statement. The average estimate of 34 analysts surveyed by Bloomberg was $ 1.45 a share. The firm had a net loss of $ 1.84 billion when including a $ 4.1 billion provision tied to its settlement this month of a U.S. antitrust lawsuit.

Visa, led by Chief Executive Officer Joseph W. Saunders, 66, has benefitted from a consumer shift from cash to electronic payments that shows no signs of abating, while parrying threats to its business model. Visa, MasterCard Inc. and some of the biggest U.S. banks agreed this month to settle the lawsuit brought by merchants who accused the financial firms of rigging credit-card fees.

The accord includes $ 6.6 billion in payments to retailers and a temporary cut in fees that banks earn on each transaction.

…………… continues on Pittsburgh Post Gazette
… Read the full article


Doberman Security SE0202 Credit Card Reminder


Ever leave your credit card somewhere? If so then you know how to annoying that is Sound like you need Credit Card Reminder from Doberman. This stylish lowprofile electronic is small enough to fit in your wallet or purse and holds on credit card. When you want to use your credit card take the card out of the Credit Card Reminder and set simple alarm for 14 hours. After that time the Credit Card Reminder s alarm and LED will go off and remind you to pick up your card. Never forget your card again at the bar tab or retail store. Color: Black. Never lose your credit card again. Small and Compact to fit in most wallets and purses with the card. Helps to avoid credit card and ID theft. Easy to use push button timer. MFG Brand Name : Doberman Security. Energy Star Compliant: No. Smart Home Category: Safety. Assembled Depth: 0.25 . Assembled Height: 2 . Assembled Width: 3 .
List Price:
Price: 24.98

5 Ways to Become a Credit Adult

Posted by administrator | 26/07/12 | Tagged Credit Card Debt

5 Ways to Become a Credit Adult
News from Huffington Post:

Let’s word associate: banks, mortgage brokers, credit card companies, credit reporting agencies, debt collectors, payday lenders…. Words like “daunting,” “challenging,” “black box” and “scary” come to mind. Most consumers I speak to express fear of the unknown — and fear of being humiliated at the checkout counter, the restaurant, in front of friends and family. Imagine, if you will, you are a grown-up at your own circumcision. How do you challenge them? What do they want from you? They have the power to deny you the house, the car, the apartment, the education, even the job you want, or rip your possessions from your hands.

There is a new world of consumer empowerment out there. Thanks to laws like the Credit CARD Act, the Dodd-Frank Act and people like Elizabeth Warren who has long defended consumers and honest business owners by demanding a system, fueled by financial literacy, where a level playing field exists by virtue of transparency, easily decipherable disclosures and all teams playi…………… continues on Huffington Post

… Read the full article
.

Related News:

Gay Finances: How to Eliminate Your Credit Card Debt
News from SouthFloridaGayNews.com:

403 Forbidden

You don’t have permission to access /business-and-career/personal-finance/6709-gay-finances-how-to-eliminate-your-credit-card-debt.html on this server.

Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.

…………… continues on SouthFloridaGayNews.com
… Read the full article


How To Eliminate Credit Card Debt
Learn how to eliminate credit card debt. You’ll find out:* how you got into credit card debt* what you should do first* what debt …

Sacramento Mayor’s Top Aide Responsible for Oversight of Appointee’s Credit …
News from LoanSafe:

(Source: By Ryan Lillis, The Sacramento Bee, Calif. (MCT) – Sacramento Mayor Kevin Johnson’s chief of staff was responsible for reviewing and approving credit card purchases made each month by the former mayoral appointee who allegedly racked up thousands of dollars in personal purchases on her city- issued card, a top city official said Tuesday.

It’s unclear whether that oversight ever occurred, said City Manager John Shirey.

City officials were unable to explain Tuesday how long-time mayoral aide Lisa Serna-Mayorga was able to use her city- issued credit card to make personal purchases – among them a trip to Disneyland, groceries and gas, according to sources – without anyone noticing. Serna resigned Thursday, after the questionable charges were discovered.

“I don’t know whether (monthly credit card statement) reviews were occurring or if they were occurring consistently,” Shirey said. “The only thing I can answer with any certainty is that her direct report was to the mayor’s chief of staff.”

Shirey has sought the help of both the city Police Department and an outside auditing firm to examine the charges, which have sparked broader concerns about the use of credit cards by city workers. Roughly 300 city employees hold city-issued…………… continues on LoanSafe

… Read the full article
.

Related News:

Credit card settlement: Win for retailers? Wal-Mart says no.
News from Christian Science Monitor:

Credit cards could be charged a retailers’ fee for transactions under a $ 6 billion settlement for fee-fixing by Visa, MasterCard, and issuers of credit cards. But Wal-Mart says the deal won’t cap rising merchant fees. 

Wal-Mart Stores Inc. urged retailers to reject a proposed $ 6 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.

Skip to next paragraph

… Read the full article


Personal Finance Course For Personal Money Management
How To Stick To A Personal Budget Plan And Save Money For Retirement. Includes: Repairing Bad Credit, How To Pay Less Income Taxes, How To Set Up Ira, Sep, 401k, Or 403b With Money Management Course, Audios, Personal Budget Plan, And 2 Spreadsheets.
Personal Finance Course For Personal Money Management

Use your credit card for auto rental insurance

Posted by administrator | 25/07/12 | Tagged Credit Card

Use your credit card for auto rental insurance
News from CBS Moneywatch:

(MoneyWatch) Did you know that your credit card likely provides auto insurance that covers rental cars? If you said no, you’re not alone. Many people don’t realize that it’s built into the benefits offered by Visa (V), American Express (AXP), Discover (DFS), and many MasterCard (MA) cards.

CardHub recently published its 2012 credit card auto rental insurance study, and the online report is check full of surprising and valuable information — especially if you are a frequent traveler and find yourself renting a lot of cars. Here are some of the most important details:

– One of the credit cards already in your wallet probably offers all the insurance coverage you need when you rent a car, which can save you $ 10-$ 20 per day.

– In order to be covered by any credit card rental car insurance policy, you have to charge the entire rental purchase on the card and decline the supplemental insurance plan offered by the rental car company. That’s critical. Getting…………… continues on CBS Moneywatch

… Read the full article
.

Related News:

Gauteng to tighten guidelines on official credit card use
News from Business Day:

 

Gauteng Premier Nomvula Mokonyane. Picture: BUSINESS DAY

MECs in the province have a monthly limit of up to R100000, but premier says guidelines on use of the cards will be made clearer

Published: 2012/07/24 04:33:10 PM

CREDIT cards issued to MECs in Gauteng can be used locally and internationally for official government business, Premier Nomvula Mokonyane said on Tuesday.

“We’ve taken reasonable steps to ensure the prudent use of the corporate credit cards by complying with the prescribed guidelines while being conscious of the fiscal challenges that our province faces,” she said.

Earlier this month, Gauteng local government and housing MEC Humphrey Mmemezi resigned after it emerged he had used his government credit card to make p…………… continues on Business Day

… Read the full article


© 2017. Credit Card Talk