Author: LowCards.com
New Study Shows Hazards of Credit Card Debt
LowCards.com on April 7, 2011
Like a hamster on a wheel, some people who use credit cards to meet daily expenses find themselves in a cycle that’s tough to stop.
The Harsh Consequences of One Late Payment
LowCards.com on March 31, 2011
It happens to the best of us: We forget a bill and end up paying late. But when it comes to credit cards, this is one mistake that can turn out to be costly. Here’s what can happen and how you might avoid the pain.
Federal Reserve Approves Rule Clarifying CARD Act
LowCards.com on March 24, 2011
Although the Credit Card Accountability, Responsibility and Disclosure Act has been around since 2009, Uncle Sam is still refining the rules. Here are some recent changes that might affect you.
Best Tax Advice: Don’t Pay With Plastic
LowCards.com on March 17, 2011
While credit card companies tout the benefits of paying your taxes with a credit card, this is probably the worst way to pay. Here are some better ideas.
Changes in Interchange Fees Affect Consumers, Retailers, and Banks
LowCards.com on March 3, 2011
Retail lobbyists fought hard to win a limit on interchange fees – the charge retailers pay to banks to process debit card transactions. Their victory may backfire: Banks are now threatening to limit debit card transactions to $50-$100.
Attractive Rewards Still Available on Some Debit Cards
LowCards.com on February 24, 2011
While banks have been slicing rewards on debit cards, there are still some good ones out there – here are two examples.
On-Time Rent Payments May Now Improve Credit Score
LowCards.com on February 17, 2011
One major credit-reporting agency is now including rent payments in credit histories. If more follow suit, it could help renters become homeowners.
10 Tips to Blend Marriage and Money
LowCards.com on February 10, 2011
Finances are a leading cause of marital discord. If you’re using Valentine’s Day to take your relationship to the next level, use these tips to combine your honey and your money.
For the First Time in Years, Credit Card Debt Rises
LowCards.com on February 9, 2011
Another sign the economy is making a comeback: During the recession, Americans gave their plastic a rest. But for the first time in years, credit card debt is increasing.
5 Mostly Unknown and Little-Used Credit Card Perks
LowCards.com on February 3, 2011
Credit cards have gotten a bad rap in recent years – in many cases, deservedly so. But some offer benefits you may not be aware of unless you dig. Example? One card is now offering free admission to over 100 museums.
U.S. Treasury Tests Debit Cards for Tax Refunds
LowCards.com on January 20, 2011
600,0000 people will be offered a debit card for their tax refund this year. Depending on the results of the trial, the IRS may start issuing more plastic for refunds.
Will Consumers Pay for Reduction in Debit Fees?
LowCards.com on December 21, 2010
The Federal Reserve recently proposed a reduction of up to 80 percent in the fees banks charge merchants for processing debit cards. If the proposal is instituted, retailers win and banks lose. But what about consumers?
10 Credit Card Predictions for 2011
LowCards.com on December 16, 2010
Last year, who would have predicted credit card use would drop and debit card use would rise? Well, we did, actually. So here are predictions for next year.
Cartoon Characters Promote Prepaid Cards to Teenagers
LowCards.com on December 7, 2010
The Kardashian sisters may have put the kabosh on their high-fee credit card, but a slew of new celebrity/cartoon cards have just hit the market – and the fees aren’t too much better.
10 Tips for Holiday Shopping With Credit Cards
LowCards.com on November 23, 2010
The bad news: Millions of Americans are still paying off last year’s holiday purchases. The good news: If you’re paid up, you can profit from your credit cards this holiday season.
Fed Publishes New Information on Credit Reports and Scores
LowCards.com on November 22, 2010
The Federal Reserve is best known for tinkering with interest rates, but it’s also just come out with new rules protecting you and your credit.
Credit Card Debt and Accounts Still Declining
LowCards.com on November 15, 2010
While the number of credit cards being issued continues to drop, so does the amount of debt those dwindling cardholders continue to carry.
How to Avoid Headaches from Debit Card Holds
LowCards.com on October 26, 2010
Your debit card can cost you money if you don’t get a handle on “holds.”
Cash-Back Credit Cards Have Loopholes
LowCards.com on October 18, 2010
The holidays are almost here, but the cash-back credit card offers have already arrived. Be careful, though, or you could end up with a Grinch of a deal. Here’s what to look for – and look out for.
7 Things a Credit Card Can Do That a Debit Card Can’t
LowCards.com on October 11, 2010
Credit cards have become an easy target for Congressional grandstanding and regulations, but beneath the widely criticized rates and fees lie many good benefits that are usually hidden in the fine print.
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