Credit Card Services You Need To Know

If you carry a credit card but know nothing about the various credit card services available, you don’t know what you’re missing. Ask yourself these questions… How will your credit card balance be paid if something happened to you? Who do you turn to if your credit cards are lost or stolen? What do you [...]

Magic money

Kids see adults hand a plastic card to someone and get what they want, says James Roberts, a marketing professor at Baylor University in Waco, Texas. But they don’t see that you have to earn the money you spend or that those bills come home to roost.

Tricky credit cards

Currently, credit card issuers can change virtually any rate or term with just 15 days’ notice to the customer. Consumer advocates have long denounced these practices, but they’re perfectly legal.

The cost of using credit overseas

Before you leave home for exotic locales, call your credit card company and find out what it charges for overseas transactions. Don’t reach for your wallet until you know how much your lender charges to use its card.
For example, American Express doesn’t charge a foreign transaction fee, but it does carry a 2% currency conversion [...]

Small is beautiful

American Express ranked highest among the 10 credit card issuers analyzed in the J.D. Power survey, followed by Discover. American Express received high marks for benefits, features and problem-solving; Discover earned good grades for rewards, billing and payments.
American Express and Discover also received high ratings in a recent reader survey conducted by Consumer Reports.

The J.D. Power study divides credit card users into two categories

Transactors: These are people who usually pay off their balance each month. These folks tend to be more satisfied with their credit cards than are card holders who carry a balance.
Because transactors don’t have to worry about interest rates, they tend to look for cards that provide the best rewards, Taylor says. That makes sense: [...]

Transfer Balances To Bring Down Interest Rates

One excellent means of doing this is to search out credit cards that offer low interest rates for balance transfers. Usually these are introductory rates, good for a limited period of time. Be aware of what rate you’ll be paying after the introductory period expires, and if it is high, you might want to transfer [...]

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