When it comes to the relief efforts in Haiti is looks like Citibank wants to do a little more than just pledge thousand of dollars, but they need your help.
If you’re a Citibank cardholder you can now help the Haiti relief effort by using your Citi credit card to make purchases that accrue reward points. With these reward points, cardholders are now able to give cash through the Citi’s reward program known as the “ThankYou Network”. Sta
Phew! Thank heavens the iPad is coming. Solving the economic crisis should be a breeze — it has an app for that.
Apple ’s new all-singing, all-dancing hand-held computer is the talk of the moment. Even thousands of miles away in London, when I staggered off the redeye Thursday morning, the front pages showed a gaunt but grinning Steve Jobs clasping his latest creation.
But if we can hack our way through the hype, what are the financial implications of this latest techno marvel — for consumers and for investors?
Look out: The iPad may cost you around $1,000 after all.
Yes, the headlines note the prices will start at the low, low level of $499. Mr.
As many people have decided to only use one or two credit cards, one of the main questions asked is, “Should I cancel the cards that go unused?” While the answer is different for everyone, knowing whether or not to cancel a card should not be a difficult choice once you know how the account closure will affect for credit scores.
So what is affected most when it comes to an account closure and your credit score? For the most part canceling your card alters your utilization ratio (balance-to-limit ratio). When this happens it looks as though your borrowing much more when it comes to your credit limit, which could affect your score more than any other changes.
A bad credit score can keep you from doing a lot of things – buying a house, getting a credit card, and yes, it can even keep you from getting a date. I recently discovered a dating website that helps people mate based on their credit score. I can’t help but think the dependency on credit scores has gone too far. What do you think? Does credit matter when you’re choosing a date? Would you date or marry someone with bad credit?
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Shopping is back in vogue as rising confidence encouraged Australians to whip out their plastic in November. Sales made on charge and credit cards that month rose 4.2% from October, from $19.19 billion previously to $20.00 billion, in the largest monthly spending spree since December 2008, according to figures released by the Reserve Bank of Australia.
The average amount outstanding on credit cards rose to $3196 in November, from October’s reading of $3141, a gain of 1.8%. The total amount outstanding on all credit cards rose to $46.05 billion from $45.15 billion, a jump of 2.0%. That’s the fastest pace of growth for outstanding credit and charge card loans since February 2008.
Contributing to that jump was a slowing rate of repayments. Tho
Whether it is beginning of a trend or simply just the case of having good fortune, the month of December was one that gave credit card issuers a reason to smile. This is because for many of them charge-offs showed a decline from previous months. While this was not the case for all of the major issuers, hopefully this will continue into 2010.
Those that saw a decrease in December numbers from November include JP Morgan (Chase), American Express, Citi Bank, and Discover. As for the numbers Chase reported charge offs at 7.11 percent from around 8.81 percent and American Express saw a slight drop to 7.10 percent from 7.60 percent.
You may think that you can make more money by investing outside of your 401k, but that’s not necessarily true. If you are eligible to contribute to your company’s 401k plan, then your first investment dollars should go toward making the maximum contribution. Don’t be tempted by short term gains elsewhere until you have contributed fully in your 401k. Here are three reasons why: