Cut Debt Or Build Wealth
Cutting big balances on high-interest debt is a key part of sound financial planning. So is building up your assets. But if you can afford to do only one, which should you choose?
The answer depends largely on the size of your debt, the interest you pay on it as well as the growth you expect [...]
Credit Card Transformed Into a Flash Drive
We hear about credit card-sized flash drives all the time, but that’s not what this story is about. Instead, here is a USB-powered peripheral that will fulfill all of your online shopping desires.Over in Korea, Shinhan Card revealed what they call the USB Credit Card.
As its name implies, this stick functions exactly the same [...]
Paying credit card bills on time may not be enough
Friday night Joella Powers and her mother Carol Taylor were at Britton Plaza on Dale Mabry trying to get more Christmas shopping done. Powers says “I probably have five more people to buy for.” Joella says one thing is for sure she will not buy with credit cards this year. She prefers her debit card. “Because [...]
Be Credit-Card Smart – part 2.
If you always pay your bills in full each month, congratulations. Make sure you’re using cards that pay you cash back or other rewards you prefer.
One new card, the Citi CashReturns MasterCard, pays 5% of all purchases back to you during the first three months. After that, the refund falls to 1%, though there’s no [...]
Be Credit-Card Smart – part 1.
The National Retail Federation expects $475 billion in sales during the holiday period this year and, if you’re like many shoppers, you’ll be using credit cards for a chunk of that spending.
So whatever your relationship with the plastic fantastic — whether you’re carrying hefty debt balances or are an occasional borrower or always pay your [...]
Lower your small business credit card expenses
First, figure out the average rate you’re paying and the terms of your contract. To calculate your average rate, add the daily and the month-end debits and divide by your number of payment-card sales.
If your current contract lets you bail out without penalty, shop for alternatives. An Internet search for “merchant acceptance” will turn up [...]
Credit Card Settlement
In a lawsuit against some big-name credit card companies accused of inflating their rates on foreign purchases and adding hidden fees to consumers. Without admitting guilt, Visa and MasterCard agreed to settle the lawsuit and pay $336 million.
Subject to final Court approval, a settlement has been reached in In re Foreign Currency Conversion Fee Antitrust Litigation [...]