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Credit Availability
[11:25:39 AM Sunday, June 21, 2009]
Gone are the days when credit was granted to nearly everyone with a name and SSN. In today’s economic climate, credit card companies are becoming more conservative about the choice of their potential customers. Lenders apply tighter restrictions on credit availability making it more difficult for new customers to be approved for a card.
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Credit Debt during Recession
[02:59:54 AM Monday, June 15, 2009]
It has never been easy to overcome a massive credit debt. During harsh economic times, it can be a real challenge to pay off your credit card debt. But it doesn't mean that you cannot manage and pay down your debts. Read our helpful tips on how to manage and pay off your credit card debt with a step-by-step debt management plan.
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Credit Card Annual Fees
[02:08:28 AM Monday, June 08, 2009]
According to the market research conducted by the mail-tracking company Synovate, these days households are receiving far fewer mailed credit card offers from the companies, while the number of credit offers carrying annual fees is growing steadily. Read more about this trend in the credit card industry.
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Credit Card Changes
[12:57:34 PM Monday, June 01, 2009]
Last week the credit card bill designed to protect credit consumers was signed into law. The new laws tightening lending regulations will put an end to certain predatory credit practices. But because the new laws will take effect not earlier than next February, card holders should keep a watchful eye on their accounts.
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Credit Card Industry Reform
[11:56:00 AM Sunday, May 24, 2009]
The legislation imposing stricter rules on the credit card industry was signed by President Barack Obama on Friday. The new law will take effect in February 2010. The laws are intended to protect consumers against “any-time for any-reason” changes. Here’s a brief look at the key questions associated with the new legislation.
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Premium Credit Cards
[11:21:05 AM Sunday, May 17, 2009]
The financial crisis has forced most cardholders to tighten up their belts and slow down spending. As a result, major banks and card companies suffer from a record loss in revenues. In order to fight against the losses, issuers consider other earning opportunities, the newest one coming from the premium credit card segment.
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Credit Card Predictions
[12:40:09 PM Tuesday, May 12, 2009]
In 2008, the credit card industry experienced huge financial troubles, which were the result of aggressive lending to almost anyone with a name or an address. Banks and credit card companies tried to reduce losses by toughening their lending standards, cutting credit lines and increasing interest rates.
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Credit Card Charges Increase
[12:41:37 PM Tuesday, May 05, 2009]
The new legislation promoted by the Federal Reserve to protect credit consumers is not scheduled to go into effect until July, 2010. Until then, consumers are very likely to experience various attempts by credit companies to maintain and increase their revenues.
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Airline Credit Cards
[04:44:16 AM Wednesday, April 29, 2009]
If you have a Northwest WorldPerks Visa credit card, some changes may soon affect your rewards account. On April, 27, 2009 American Express, the leading provider of airline loyalty program credit cards announced that its SkyMiles airline rewards program was being integrated with Northwest WorldPerks.
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Credit Card PIN Number
[04:32:30 AM Monday, April 20, 2009]
If you are traveling in Europe this summer, do not be surprised if your credit card is refused at a local restaurant, hotel or merchant. The problem is that an increasing number of European banks are requiring the use of chip-enabled cards with PIN numbers to make purchases and other transactions, and only very few U.S.-issued cards currently comply with the European Banks’ standards.
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Personal Finance Tips
[11:37:35 AM Sunday, April 12, 2009]
Until very recently, personal finance experts said that the most important thing you could do to avoid the debt trap is to pay off a high interest credit card. You can still find hundreds of tips and “golden rules” on how to cut credit card spending and reduce outstanding balances on several accounts at a time.
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New Interest Rate
[05:43:08 AM Thursday, April 09, 2009]
As the credit crunch rages on, more and more American consumers are being hit by new interest rates which are sometimes doubled from their previous levels. Such increased interest rates are affecting not only defaulting cardholders, but also those who always pay their bills on time.
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Know Your Credit Score
[05:22:53 AM Monday, March 30, 2009]
Understanding your credit score is critically important if you are going to apply for a credit card or finance your next car. This numerical indicator of your creditworthiness is calculated by credit bureaus and is used by banks and credit card issuers to evaluate the likelihood of you repaying your debts.
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Credit Card Help
[04:18:27 AM Thursday, March 26, 2009]
American Express has come up with a smart solution to help its customers pay off their credit card balances. At a time when other major issuers are just closing their cardholders' accounts to reduce the rate of defaults, New-York based American Express has offered to pay some of its customers $300 each to pay off and close their card accounts.
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Credit Card Interest Rate Cap Legislation
[07:30:48 AM Monday, March 16, 2009]
Sen. Bernard Sanders (I-Vt.) announced on March 12th, 2009 that he is about to propose new legislation related to credit card interest rate pricing policies. The Vermont senator suggests setting caps on credit card interest rates that are often raised by banks to as much as 30%. In case you aren't aware, an interest rate cap is a provision that puts an upper limit on the interest rate that a credit card issuer can charge you.
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Credit Cards with Bonus Miles
[02:57:55 AM Wednesday, March 11, 2009]
Regardless of the growing consumer debt, many people keep getting unsolicited mail offers from credit card companies. Some of these offers should be rejected outright if they have unreasonable interest rates or are targeting people with lower credit ratings.
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Debt Management Program
[07:41:14 AM Monday, March 02, 2009]
According to a study of all the latest changes in credit card terms, US card issuers continue to raise their APRs and fees and cancel rewards programs. For many consumers increased pricing means a greater struggle to keep up with timely bill payments thus avoiding debt.
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American Airlines Credit Cards
[06:20:35 AM Thursday, February 19, 2009]
The "cashless only" policy was first introduced by a number of airlines as far back as 2007. Today such major carriers as Alaska Airlines, JetBlue, Virgin America and Midwest Airlines serve their in-flight foods and drinks to be paid only by a major Visa or MasterCard card.
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Debt Collection Laws
[04:49:11 AM Thursday, February 12, 2009]
Not everyone owing a credit card debt or any other loan debt has encountered the importunity of debt collection agencies. But those who have suffered not only from the collectors' abuse and threats but also from the odd extra fees charged on top of the outstanding original debt.
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Your Credit Score
[05:08:20 AM Monday, February 02, 2009]
If you're concerned about your credit score, what it contains and how it is calculated, take your time to review the latest changes. They may not only affect your future eligibility for credit cards and installment loans but may also improve or reduce your chances to find a well-paid job.
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Credit Card Guide
[05:44:13 AM Thursday, January 29, 2009]
All those miles, points and rebates that inspired you to spend hundreds and display responsible payment habits may wave you last goodbye. Now you have to get really creative about keeping and cashing in what's left from the previous year.
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Loyalty Credit Cards
[03:30:52 AM Monday, January 19, 2009]
Loyalty credit cards, mostly known as rewards cards, were created as a wise marketing step to make consumers spend more aggressively. The idea of loyalty programs was to give you some kind of rewards, points, cash back or miles for using your plastic at your favorite merchant.
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New Credit Card Statements
[12:24:05 AM Monday, January 12, 2009]
Finally approved on December, 18, new credit card rules put an end to the 4-year federal hearings, consumer research and reviews of the so-called predatory lending practices. Together with such improvements as limiting rate hikes on previous purchases, demanding better disclosure of credit terms and eliminating hidden fees, federal regulators have also required issuers to reconsider the structure and contents of their monthly statements.
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NEWS BY YEAR
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Capital One®
| 1 mile per dollar spent on purchases up to $1,000 each month. | | 2 miles per dollar above $1,000 each month. | | No limit on the miles you can earn and miles don´t expire. |
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Capital One®
| 1.25 miles for every dollar spent on purchases. | | No limit on the miles you can earn and miles don´t expire. | | No blackout dates and no seat restrictions. |
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Discover® Card
| 0% Intro APR on Purchases and Balance Transfers. | | No Annual Fee. | | 5% Cashback Bonus® in categories like GAS, Travel, Groceries and many more.* |
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Credit Cards eZine
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Credit Advice for Students
For the past few years, college campuses have been a very promising market for banks and credit companies. There has been a lot of talk about the pros and cons of student credit card applications. While some people believe that student credit deals are nothing but a dangerous financial weapon, the others consider credit cards for students as the integral part of financial freedom. Anyway, credit deals for students were readily available in the recent years, but things have changed greatly. And now in tough economic times, youth folks may find it more difficult to get access to credit. So, the question becomes: how to apply for a student credit card in difficult economic times?
Click here to read more...
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Maintain Good Credit
All through our lives, we move from one stage to another, and just like that we move from no credit to excellent scores in hopes of getting low interest rates and deals with good terms. When beginners apply for their first credit card, they want to get access to credit and build a solid payment history that will let them borrow money on favorable terms. But even if your FICO is almost perfect, it doesn't mean that you can sit back and relax. Good credit requires much work to be done and if you have good scores, you should know how to manage your credit responsibly without getting far into debt. Read more tips on how to maintain your good credit rating.
Click here to read more...
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Choosing Credit Card Offer
When choosing between numerous credit card applications, we want to get the most of our new card. Even though there’s no card that is right for everyone, many credit offers present some tempting features designed to entice you to submit your application online. Whether it’s a large amount of complimentary bonus rewards points or zero interest rates for a certain period of time, you may be enticed to apply for the product that doesn’t fit your individual needs. The question is, how to choose the card that is right for you? Read more about the terms and conditions you should look at when selecting the best credit card.
Click here to read more...
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