Credit Cards Articles

When it comes to reward credit cards, research as shown that they are without a doubt one of the most popular types of plastic available. Even during a time where interest rates have been raised and annual fees have been added to many cards, these cards still on many accounts seem to be untouched. Now it seems that one type of reward card seems to be getting more attention than any other around, and those are the ones tied to brokerage accounts.

According to an article on Bankrate.com entitled “Brokerages offer big credit card rewards” people that are looking for great rewards should consider a card that is tied to an investment account.

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When the new credit card law goes into effect on February 22, your credit billing statement will include a lot more information than what you’re used to. The new law requires credit card issuers to give certain disclosures about paying your credit card balances.

Minimum Payment Disclosure

Your billing statement must include a minimum payment warning that clearly lets you know that paying the minimum will increase the amount of interest you pay and lengthen the time it takes to pay off your balance.

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You have a stack of bills in front of you and you may not be able to pay them all. Which debts are the most important? Many people make the mistake of paying their credit cards before their other debts. I argue that credit cards fall very low on the list of debt priorities, especially if you have a mortgage and auto loan. Learn why your mortgage should top your list of debt obligations: How to Prioritize Your Debt Payments

Related Debt Management Reading:

• 5 Ways to Consolidate Debt
• Be Real About Your Debt Goals
• Is Clutter Keeping You in Debt?

When it comes to major changes that consumers have seen in recent months, there is no doubt that cardholders have seen plenty. While some changes have been publicized more than others, each has affected the view that many people perceive when it comes to credit cards. One of the changes that seem to be a growing trend among credit card issuers is the annual fee and by the looks of it; we may see annual fees continue to find their way into American’s pocketbooks.

According to research both the implementation and increase of annual fees will continue to be something that cardholders will need to be on the lookout for as we move further into 2010. T

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The No. 1 state in bank failures is making it easier for survivors to deepen their exposure to a single borrower.

Georgia Gov. Sonny Perdue, a Republican, signed into law Thursday a bill that allows banks chartered by the state to exceed current lending limits if a borrower hasn’t fallen behind on payments.

For decades, it was illegal for such banks to pour more than 25% of their total capital into an existing lending relationship secured with collateral or more than 15% to an unsecured borrower.

Some bankers hailed the new law, which cleared both chambers of the Georgia General Assembly by a combined vote of 217-1, as an important step toward stabilizing financial institutions throughout the state.

“If this did not pass, it would deepen the real-estate crisis,” said Keith Caudell , president and chief executive of Bank of Hiawassee, which was started in 1909 and has five branches in northern Georgia.

Supporters also worried that Georgia banks would lose some of their best borrowers unless the limits were loosened.

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Bill Me Later, the online processor that lets you pay for purchases later, is facing a class-action lawsuit in California for skirting state interest and credit card fee laws. According to Business Journal, online message boards quote interest rates between 40% and 100%.

Forum poster HBSSLaw wants you to contact the law firm (Hagens Berman Sobol Shapiro)if you feel you’ve been overcharged interest from Bill Me Later. You can email billmelater@hbsslaw.com to give your story or to join the case.

More forum posts:

• I filed bankruptcy. Will the credit card’s co-holder be affected?
• What will closing a major credit card do to my credit?
• Help!

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Are you new to the world of ‘plastic money’? Do credit cards and debit cards appear similar to you? While credit cards and debit cards may seem similar, they are quite different in the way they work and the services they offer. It’s useful to understand the differences and know the advantages and disadvantages of each.

Credit card Vs Debit Card

A credit card enables you to borrow money while making purchases. The borrowed amount is not directly debited from your account at the time of purchase instead you are sent a bill every month for the sum total of your purchases. You have an option to pay your bill either in full or in part. P

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