Archive for February 2010

Credit CARD Act Effective February 22nd!

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The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, which was signed into law last May will take effect on Monday, February 22nd. So what does the new credit card act say and how does it benefit credit card consumers?
Payment Allocation. Previously, credit agencies could assign your monthly payment to lower interest [...]

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Published on February 19th, 2010 - One Comment
Filed under: Credit Card News

American Express Membership Rewards Points Can Now Pay Down Federal Taxes

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With tax season upon us, American Express has developed a novel way that you can pay Uncle Sam: with Membership Rewards points. According to a company press release, AmEx has partnered with a pair of online tax payment portals: Official Payment Corp., and Pay1040.com. Both companies already offered special deals for American Express cardmembers, allowing [...]

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