Archive for March 2009

Chase to Refund New Monthly Service Charges

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Good news for Chase customers that got socked with a their new monthly service charge… According to recent reports, they’ll stop charging this fee in April, and will be refunding previous months’ charges.
“Beginning in April, and based on customer feedback, Chase will stop charging the $10 monthly service charge and credit the service charges billed [...]

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Published on March 31st, 2009 - 3 Comments
Filed under: Credit Card News
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American Express Offering Double Membership Rewards Points

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American Express is offering its card members double Membership Rewards points on gas and groceries from March 15, 2009 through March 15, 2010. The promo is capped at $1,000 of eligible purchases per month, but that’s a lot of gas groceries, so the cap should discourage you.
You can signup on the AmEx website or by [...]

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Published on March 27th, 2009 - 2 Comments
Filed under: Credit Card Offers, Reward Cards
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Reduced Credit Card Limits Hurting Credit Scores

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As I’ve noted in the past, credit utilization has a major effect on your credit score. It should thus come as no surprise that recent moves by credit card issuers to reduce the credit limits of certain customers is negatively influencing credit scores.
According to a recent report in the Seattle Times, approximately 45% of US [...]

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Published on March 25th, 2009 - 2 Comments
Filed under: Credit Card News, Credit Scores
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Outlawing Retroactive Interest Rate Changes

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According to a recent report, Maryland could become the first state in the country to outlaw retroactive changes in credit card interest rates. The propose legislation would “prohibit card companies that change their rates from applying the new rate to debt a consumer already has incurred.”
Card issuers often adjust (i.e., increase) interest rates in response [...]

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Published on March 23rd, 2009 - 3 Comments
Filed under: Credit Card News
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MyFICO Discount Codes

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Every once in awhile I run across MyFICO discount codes, so I thought I’d start compiling them here in one place. For starters, here are two codes that give you 20-30% off your purchase:

myFICOis8 – 30% discount!
CPPSAVINGS – 20% discount!

As always, they also offer a free 30 day trial on their ScoreWatch service, which gives [...]

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Published on March 16th, 2009 - Leave a Comment
Filed under: Credit Reports, Credit Scores
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Free Credit Scores from Credit Karma

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Have you ever heard of Credit Karma? If not, you should check them out. They offer free credit score tracking. No, it’s not a real FICO score — for that, you’ll need to try a service like MyFICO ScoreWatch — but it still gives you a sense for where you stand. And like I said [...]

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Published on March 6th, 2009 - Leave a Comment
Filed under: Credit Reports, Credit Scores
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