Building credit requires time, track record

I’m a legal U.S. resident trying to build some credit. I recently bought a laptop on credit and applied for a credit card that enables me to earn mileage for every dollar I spend. The problem is that the interest rate for both accounts is too high, so I want to pay off the debts. [...]

Bank of America Launches Brighter Planet™ Credit Card

Bank of America today announced at the Good and Green Marketing Conference in Chicago that it has teamed with Brighter Planet™ to offer a credit card that helps customers reduce theircontribution to climate change and invest in the development of clean,renewable energy projects.
The Brighter Planet™ Visa® credit card enables customers to earn oneEarthSmart™ point for [...]

Credit Cards Can Pay You Thousands

Lots of credit card companies offer their customers rewards for using their cards. If you’re careful, those rewards can give you free money. But for many, those rewards simply aren’t worth the cost.
The best of all worlds: Some people take reward-grabbing to an extreme. In a recent Washington Post article, Nancy Trejos described how many people [...]

Bankruptcy Laws Make it Harder to “Write-Off” Credit Card Debt

Some of the biggest names in credit card issuers, including Bank of America Corp, JPMorgan Chase & Co, Citigroup Inc and Washington Mutual, spent about $25 million between 2004 and 2005- working to get changes to bankruptcy laws that would help protect their profits when people filed bankruptcy.
 They got what they wanted—and it is increasingly [...]

Credit Card Crackdown

If you take credit cards in your business, even a handful a year, the Payment Card Industry (PCI) became your business partner with their new regulations. Worse, states are starting to make new laws guaranteed to hammer small businesses as an example to look like they’re doing something, rather than really addressing the credit card [...]

Universal Default Policy

You may think your credit card rate is safe as long as you make your payments.  A Park Hill viewer found out that’s not necessarily the case because of something called the universal default policy.
Vera’s interest rate on her credit card jumped 15 points because she took over payments on her daughter’s credit card which was [...]

Credit Education Web Site

Citi enhances its credit education web site UseCreditWisely.com, offering new interactive tools and resources to help consumers understand and manage their credit. Credit is a powerful financial tool, and for years, Citi , the world’s largest issuer of credit cards, has been dedicated to helping consumers understand the importance of responsible credit management with its [...]

keep looking »