This is remarkable. According to an article in the Chicago Tribune from earlier this year, a single family received 445 credit card offers, including 35 that were addressed to his kids, ages 8 and 11. The offers weighed in at a total of 23 pounds, and included pitches for 0% balance transfers, free airline miles, [...]
I just received an e-mail from a reader named Matthew who reports that American Express is re-working their cash back percentages on the AmEx Blue Cash rewards credit card. As you might recall, this card previously offered 5% cash back rewards on “Everyday” purchases (gas stations, grocery stores, and pharmacies) and 1.5% cash back on [...]
One of the most annoying things about credit limits is that most card issuers treat them as “soft” limits. They’ll actually let you exceed the limit, and then levy a penalty fee for the privilege of doing so. The good news is that Chase (and possibly others) offer an out.
According to an article that I [...]
This is interesting… Apparently the IRS has changed their stance, and the fees associated with paying your taxes with a credit card are now deductible. Details are available from the always excellent Fairmark.com.
Here are the 2010 federal income tax rates.
Most everyone knows that it’s important to check your credit report on a regular basis. But how do you fix a credit report error if you find one? Dispute it, of course.
Here is the contact info for the three major credit reporting bureaus, including the mailing address, phone number, and a link to their online [...]
Looks like Bank of America is jumping on the rate-increasing bandwagon…
“Starting with June account statements, any credit-card customer who carries a balance and has an interest rate below 10% will see his or her rate jump into double-digit territory.”
According to notices that cardholders have been receiving, it looks like the sub-10% rates will be jumping [...]
As a followup to my earlier articles about reduced credit limits, Smart Money reports that some card issuers are actually reducing credit limits below the current balance, thereby triggering over-limit fees/penalties.
While the Federal Reserve will ultimately require that issuers give cardholders 45 days notice before reducing a credit line to the point at which it [...]
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