Reports show that identity theft and misuse of credit card information is at an all time high these days. Credit card holders have to ensure that they are taking every step to protect themselves and their financial history from the potential for risk. Even the cards you are no longer using can carry potential risk.
Identity theft and theft of credit card information can have serious financial consequences that can impact people for years. U
There are certain times of the year like the holiday season and the summer vacation months when it’s really to your advantage to have a travel rewards credit card. Then you can leverage your miles or rewards for reduced prices on airfare and/or additional amenities once your reach your destination.
Blue Sky from American Express lets members use their bonus points for travel without imposing blackout dates or similar restrictions. Cardholders can book the trip however they want – through American Express, the airline itself, an online travel discount site, or a travel agent – and still use the bonus points.
Blue Sky awards cardholders a point for every dollar spent on the card, but it also issues a $100 account credit once they reach 7,500 points. The c
Ryan Guina is an entrepreneur and writer. He has worked for Fortune 500 companies and served six years in the USAF. He writes about money management and small business topics at Cash Money Life and military money topics at The Military Wallet. You can follow his twitter feed.
What’s in your wallet? That is a popular slogan created by a credit card company to get you thinking about using their rewards credit card. It’s catchy from a marketing perspective, but it is a question you really should ask your self. What is in your wallet?
A successful and very lucrative internet scam that has been in progress for about four years now has been busted this week by the United States Federal Trade Commission. This scam was designed by some savvy internet thieves who utilized a massive fraud network of very small charges across a large number of card holders, resulting in the theft of millions of dollars from unsuspecting consumers across the United States. This is one of the many scams that have occurred over the last few years. The credit card industry continues to remain vulnerable to the threat of hackers despite advanced security systems used to protect data.
The Scam
The details of the scam and the specifics of who was behind it have yet to be determined. What authorities do know is that it has provided a very valuable and expensive lesson about the importance of secure credit card systems and protecting consumers from this type of fraud.
What happened was that the scam artists responsible for the theft found loopholes in the credit card processing systems. The