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,

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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.

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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

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