Surviving in the world...

Surviving in the world of credit cards

Now we, customers, play a game ‘who have a better credit score’. It looks like that having a credit score is a point of pride rather than...

Some necessary researc...

Some necessary researches before getting rewards credit card

You decide to choose a credit card? OK, at first make a research to find the best variant for you. Before you request one of cards, you should be...

Advantages of reward c...

Advantages of reward credit cards

Of course, you think about worth and convenience of using a retail credit card so that when you buy something at this shop and you see something you...

A good credit history ...

A good credit history it’s very easy

Credit cards are convenient and can certainly help you to settle a good credit history, when you are young. And the good credit history is very...

Nearly two-thirds of adults stressed out about finances

Posted by: Matilda Sprent  Posted date: April 16, 2011 in Credit Cards Articles
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Almost two-thirds of adults in the U.S. are currently stressed about money and finances, according to a recent survey conducted by Zogby International. TransUnion commissioned the survey.

According the results of the survey, 21 percent of adults are always stressed about money and finances, while 44 percent are sometimes stressed by financial matters.

This means that 65 percent of adults reported feeling the stresses of money on a frequent basis. The 65 percent mark represents nearly two out of every three adults in the U.S.

“With today’s changing and turbulent economic conditions, it is easy for consumers to become worried and confused about how to manage their finances,” Heather Battison, director of education for TransUnion’s consumer products, said.

The survey also discovered that 28 percent of adults are rarely stressed by finances while just 6 percent reported never feeling the stresses of financial matters. In resp

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Tags: Finances

Breaking Down the Credit Card Act’s Clarifications

Posted by: Lola Thornton  Posted date: April 15, 2011 in Credit Cards Articles
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A few weeks back, the Federal Reserve issued a series of clarifications regarding the Credit CARD Act of 2009. While the last of the regulations were implemented about a year ago, issuers have tried to sidestep the intent of the regulation.

“There are some issues that simply were not provided for in the legislation, or that the legislation resolved in a way that is now raising concerns,” spokesman Dean DeBuck said. “Where we find violations of new or existing requirements we will insist on immediate correction and will take formal enforcement action where appropriate to the circumstances.”

The Fed’s new guidelines should offer clarity, but some have also provoked new controversy.

Individual Income Vs. Household Income

The Back story: In the free-flowing credit days, lenders would give high credit ceilings to people who simply couldn’t afford to pay back what they borrowed. The legisla

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Tags: Card Credit Card

Halifax credit card to rise with base rate

Posted by: Lola Thornton  Posted date: April 13, 2011 in Credit Cards Articles
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Some five million Halifax credit card customers face eye-watering hikes in repayments if the Bank of England base rate rises or they miss repayments on borrowing with any other part of the bank.

Halifax, part of giant Lloyds Banking Group, is to give customers a personal interest rate which could be up to five percentage points more than they currently pay.

And this rate will move up and down, like a tracker mortgage, with the Bank of England base rate.

But a customers rate could also increase if they miss a repayment on a credit card, loan or mortgage with any other part of Lloyds Banking Group.

This could mean borrowers who miss a repayment on a personal loan with Black Horse, dip into their Lloyds TSB overdraft or are late paying their Cheltenham Gloucester mortgage could be penalised on their Halifax credit card.

Critics claim it is another example of how giant banks are able to give a poor deal to customers.

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Tags: Base Rate Credit Card Halifax Credit Card Rate

Two blogs in two carnivals in one week: An Internet record?

Posted by: John Freycinet  Posted date: April 10, 2011 in Credit Cards Articles
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They said it couldn’t be done, but it has: Two blog posts in two blog carnivals — in one week.

This week, two of my recent blog posts made it into two separate carnivals, establishing what surely must be some sort of Internet record. Yeah, that’s right Rebecca Black: You’re not the only online phenomenon.

My blog post about the Epsilon data breach, “Consumers, bank customers on alert following major email theft,” made it into the Carnival of Personal Finance, hosted this week by Blogging For Change. Meanwhile, my blog post about an Experian credit reporting foul-up titled “April Fool’s Day blunder temporarily damages borrowers’ credit” was included in the Totally Money Blog Carnival, hosted by Thousandaire. Those carnivals collected lots of great personal finance posts from across the web, and like a recording artist winning their first Grammy, I’ll say that I’m humbled to be included alongside them.

Those blog carnival inclusions have already made for an exciting week, and it’s only Monday. Read more…

Tags: Week Week Internet

Chrysler Credit Card to Reward Customers with Auto Discounts

Posted by: Lola Thornton  Posted date: April 09, 2011 in Credit Cards Articles
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Customers of Chrysler Group LLC will be able to apply for an automotive credit card program in May that will allow them to receive a number of auto discounts. The program, which will reward customers based on their loyalty to the brand, is being offered through First National Bank of Omaha and MasterCard.

Auto Discounts Offered to Program Participants

In an effort to regain its customer base after its bankruptcy in 2009, Chrysler’s rewards program offers a number of perks. According to a press release issued by the automaker on Wednesday, individuals who become cardholders could receive the following benefits:

  • Earn points: Cardholders will earn three points for every $1 spent on purchases at participating dealerships, two points for travel-related purchases and one point for all other purchases.
  • Redeem points: After points are earned, they can be redeemed for products and services like cash-off of vehicle purchases, parts and services at dealerships. Also,

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Tags: Auto Discounts Discounts Reward Customers

Consumers paying credit cards before mortgages for third straight year

Posted by: Matilda Sprent  Posted date: April 09, 2011 in Credit Cards Articles
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A recent study by TransUnion reported that consumers are continuing their recent trend of making credit card payments before mortgage payments. In fact, this is now the third straight year that this unprecedented consumer payment behavior revealed itself.

This unexpected payment pattern exhibited by consumers over the past three years has many experts confounded and has a direct connection to the recent economic downturn, Sean Reardon, the author of the TransUnion study, said.

“The latest data from our study show that the new payment hierarchy has persisted for longer than many industry experts initially believed, and provides evidence that consumers continue to adjust their payment behavior in response to their economic and personal financial environment,” Reardon said.

The study focused credit card and mortgage delinquency for consumers that had at least one of each product, and examined data between the third quarter of 2006 and the fourth quarter of 2010.

According to the study, data showed that consumers, as a whole, first exhibited the payment pattern of being current on credit cards but delinquent on mortgages – as opposed to vice versa – in the first quarter of 2008. That is

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Tags: Straight Year Third Straight Third Straight Year Year

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