Is my child ready for a credit card?
As we head into holiday shopping season, you may notice that some of your favorite toys have a new plastic version — credit and debit cards. The classic Monopoly game now comes with a debit card instead of all those little bills. Barbie has her own credit card in an electronic purse. There’s even a [...]
Lawmakers to review B of A pitch
Iowa legislators will be investigating the state universities’ promotion of Bank of America credit cards.
The Joint Legislative Oversight Committee will hold hearings Oct. 29-30 on the schools’ marketing of university-themed credit cards to students. The Des Moines Register earlier this week, reported that the cards raise millions of dollars for the schools’ privately run alumni [...]
Stop Paying Credit Card Late Fees and High Interest
Here’s a video clip from an NBC news broadcast about how this New Jersey guy never pays for late fees or high interest with his credit card accounts. (He calls himself the Credit Card King) They actually put him “to the test” by having him talk to the customer service reps of some girl’s credit [...]
Allowance Tips: Good Money Management Begins with an Allowance
Brought to you by the National PTA®.
The best tool parents have for teaching financial responsibility is an allowance. Even very young children should have discretionary funds to spend as they see fit. Saving, decision-making, planning, sharing, charity, and responsibility are just some of the lessons that can be taught through an allowance.
New RevolutionCard
Steve Case, David Pottruck, others creating new credit card.
The lucrative business of credit cards and payment networks is drawing a powerful team to create a new credit card and Internet-based payment network that promises to save merchants billions of dollars on the cost of accepting credit cards.
Specifically, the new RevolutionCard will carry merchant fees that [...]
GoUrban offers prepaid credit card
An e-commerce Web site catering to black consumers is offering a branded, prepaid credit card in an effort trying to reach out to people who don’t use traditional financial institutions.
Denver-based www.GoUrban.net announced Tuesday it reached agreement with card issuer MetaBank, payment technology company ESafe Cards Inc. and MasterCard to begin offering the prepaid card with [...]
Credit card rates to dip, slightly
Credit card debt will soon get a bit easier to handle — a very little bit — now that the Federal Reserve has lowered the benchmark interest rate by a half-percentage-point.
It’s not going to save the average card holder much money — certainly not enough to get your kid an iPod this holiday season. But [...]