Did you know that banks sometimes perform a hard credit check before allowing you to open an account? While this most often happens when you open an account with an overdraft line of credit, it can happen with plain old checking and savings accounts, as well.
Why should you care?
Because hard credit checks can reduce your [...]
Well, it was a good run, but… I recently learned that Discover is no longer capping their 0% balance transfer fees. This change affects all consumer cards, including the incredibly popular Discover More card. Until now, Discover has charged a 3% fee with a $10 minimum and a $75 maximum.
This is an unfortunate turn of [...]
This news is a bit old, but I still thought it was interesting… Back in June when John McCain and his wife released their financial records, they revealed that they have a good bit of credit card debt.
In fact, McCain and his wife had $10k-$15k in joint debt, and his wife also had a second [...]
Update: Chase has asked that the $50 bonus offer be removed. If you’re looking for a hot deal, be sure to check out these other credit card promos.
This is just a quick note to let you know that the Chase Freedom $50 signup bonus may be going away this Friday (October 24th). So… If you’re [...]
As a followup to my earlier article about credit card issuers reducing credit limits, I wanted to highlight some emerging problems in the credit realm, along with some tips for protecting yourself.
Credit Card Issuers Reducing Limits
As I noted previously, card issuers have started reducing their customers’ limits as credit has become tighter. Here’s how [...]
I recently received an e-mail touting a 20% off sale on credit scores via myFico.com. While the “Credit Crisis” name borders on fear-mongering, there are times when you need to know your credit score. If you’re in such a situation, you can order FICO Credit Complete and get credit reports plus FICO scores from all [...]
Over the weekend, we received a letter from Chase telling us that our Chase Freedom Rewards card had been “upgraded” to a Chase Freedom Visa Signature card. From what I’ve heard, card companies like to upgrade customers to Signature cards because they get to collect more in fees. Good for them, but what about us?
I’m [...]
If you’re looking for a way to keep track of your credit cards, bank accounts, etc. you might be interested to know that, as of today, you can use Quicken Online for free. Here’s the scoop:
Quicken is excited to announce that Quicken Online will become FREE starting Monday, October 13th. Until recently, Quicken Online was [...]
According to a recent report, consumer borrowing fell in August for the first time in more than ten years. While this decrease was predominantly driven by changes in non-revolving debt, stores such as Kohl’s (KSS), Target (TGT), and Lowe’s (LOW) are reporting that shoppers are increasingly turning away from credit cards and opting for debit [...]
If you’re in the market for a frequent flyer credit card, you might want to check out the Citi Platinum Select/AAdvantage World MasterCard. This card is currently offering a 25,000 mile signup bonus (expired). All you have to do is apply for the card, get approved, and then spend $750 in the first four months. [...]
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