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 [...]
The other day I mentioned the possibility of maxing out your credit card rewards by buying cash from the US Mint. Here’s another use for that strategy: creating your own 0% balance transfer. While it’s getting harder and harder to find 0% balance transfers without a transfer fee, there are still a number of great [...]
Remember when I suggested buying $1 coins from the US Mint to max out your credit card rewards? No? Well, I did. At the time, the problem was that they were out of stock. The idea then fell off my radar, but I was recently reminded of it when my son brought home a one [...]
For the next ten days, you can get a $100 signup bonus from Sovereign Bank, plus some extra credit card rewards. Simply open your account and fund it with at least $10 by February 27th. You then have to make at least six check card purchases within the first sixty days. That’s it. Fifteen days [...]
Here’s a list of five quick tips on what to do if your credit card(s) or wallet get stolen…
Make copies of everything in your wallet, front and back. This is actually a proactive step that you should do right now, before you run into trouble. That way you’ll have a record of what was lost [...]
Are you in the market for a balance transfer credit card? If so, there are a number of things that you should ask yourself before selecting an offer. For example…
What’s the introductory rate?
How long does the introductory rate last?
Are there any balance transfer fees?
Does the card have an annual fee?
What happens to the APR after [...]
Last week, I wrote about the $50 Discover card signup bonus as well as their holiday promo offering $20 back for every $200 in purchases. Just like chocolate and peanut butter, these two promos go great together…
Here’s a quick bit of math: Start by applying for the Discover More card. Once you have it, [...]
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 [...]
According to the Wall Street Journal, you need to keep a close eye on your credit limits in the coming weeks/months. Given all of the recent economic turmoil, and especially given yesterday’s failure of the economic bailout bill, there is concern that credit card issuers might start rolling back some or all of your available [...]
I just ran across an interesting article on frequent flyer miles in the most recent issue of Money Magazine. As I’ve noted in the past, I’m not a big fan of frequent flyer credit cards. The reason for this is simple: cash rewards can be spent on anything, whereas miles can only be traded for [...]
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