High-end credit cards
The luster on all those silver, gold and platinum credit cards is getting tarnished.
For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish perks and fat credit lines. Now, that high-end strategy is coming back to bite the banks: There are growing signs that some of those consumers [...]
Student worries about her blank credit history
Erica Sande is not your stereotypical indebted college student. The 21-year-old graduate student at the University of Minnesota doesn’t even have a credit card. Or a student loan or a car loan or any bills in her name. She plans to trade days in school for a job as a school counselor when she graduates [...]
Credit card companies & reforms
Last month, congressional hearings about excessive fees charged by credit card issuers resumed in Washington.
The topic attracted attention during the summer when the hearings started but was overshadowed by the subprime market’s plight. The issue is back in the spotlight and the scrutiny could spur relief for credit card users.
Recently, Chase Bank, one of the [...]
Fighting Holiday Credit Card Debt
Credit card debt is a huge problem for many people all year long. But financial advisors see in an increase in clients who need help with credit card debt every January. Many holiday shoppers get so caught up in sales and the Christmas spirit that they rarely stop to think how much they’re actually spending. [...]
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