Archive for the ‘Credit Card Tips’ Category

Protect Yourself Against Reduced Credit Limits

Written by admin - 115 Comments

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 [...]

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Published on September 30th, 2008 - 115 Comments
Filed under: Credit Card News, Credit Card Tips

Frequent Flyer Credit Cards Getting Worse, Stick With Cash Back Rewards

Written by admin - One Comment

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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Published on September 22nd, 2008 - One Comment
Filed under: Credit Card Tips

Credit Card Overload

Written by admin - 2 Comments

While paging through the latest issue of Smart Money, I ran across an interesting statistic. Apparently the average American household has 14 (!) credit cards. Honestly, I find this somewhat hard to believe, and wonder if that’s not the number of cards as opposed to the number of accounts.
For example, my wife and I have [...]

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Published on September 16th, 2008 - 2 Comments
Filed under: Credit Card Tips

0% Balance Transfer Guide

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This is just a quick note to point out that Jim over at Blueprint for Financial Prosperity has published a guide to taking advantage of 0% balance transfers. While I’ve covered a couple of related topics recently, Jim’s article is well worth the read — check it out.

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Published on August 25th, 2008 - Leave a Comment
Filed under: Balance Transfers, Credit Card Tips

How to Make Money With 0% Balance Transfers

Written by admin - 3 Comments

Last week I talked about how to use 0% balance transfer credit card offers for debt reduction. Today I thought I’d talk about a different angle — using 0% balance transfers to make money. In short, you just need to get your hands on the money from the balance transfer money then stick it in [...]

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Published on August 25th, 2008 - 3 Comments
Filed under: Balance Transfers, Credit Card Tips

Frozen Credit and Using Debit Cards to Rent a Car

Written by admin - 2 Comments

I written elsewhere about how and why to freeze your credit record, and I’ve also written about the ins and outs of renting a car. I was thus intrigued when I saw a blurb in a recent issue of Kiplinger’s Personal Finance Magazine about renting a car with frozen credit.
A reader had written in asking [...]

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Published on July 27th, 2008 - 2 Comments
Filed under: Credit Card Tips, Credit Reports, Credit Scores, Debit Cards

Buying Cash With a Credit Card

Written by admin - 2 Comments

I just ran across an interesting idea for accessing money from 0% credit card offers or maxing out your credit card rewards over at MyMoneyBlog.
In short, the U.S. Mint allows you to buy rolls of $1 coins at face value with free shipping. They come in boxes of 250, and individual orders are limited to [...]

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Published on July 25th, 2008 - 2 Comments
Filed under: Credit Card Tips

Reward Credit Cards: Ripoff or Real Deal?

Written by admin - 2 Comments

I recently ran across an interesting article about reward credit cards over on CNN/Money. In it, the author argued that reward programs are often a bad deal for consumers because: (1) they encourage you to spend more money, (2) reward cards often have higher interest rates, and (3) it can be difficult to actually access [...]

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Published on June 4th, 2008 - 2 Comments
Filed under: Credit Card Tips, Reward Cards

The Death of No Fee 0% Balance Transfer Credit Card Offers?

Written by admin - 3 Comments

The following is the text of an e-mail that I recently received from a reader:
I like playing the 0% balance transfer game and investing the proceeds in an interest-bearing account. However, I’m finding it harder and harder to find any cards with no balance transfer fees or at least caps on their fees… I just [...]

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Published on May 21st, 2008 - 3 Comments
Filed under: Credit Card Tips

Credit Card Not Working? Lick It (Seriously)

Written by admin - One Comment

A few weeks back I ran across an article on The Consumerist suggesting that if you’re having trouble getting your credit card to swipe, you should lick it. As crazy as this sounds, I had an opportunity to try it out this morning, and guess what? It worked!
On my way to work, I stopped off [...]

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Published on May 19th, 2008 - One Comment
Filed under: Credit Card Tips

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