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Archive for the ‘Credit Cards’ Category

Are Credit Card Fees Out of Control?

Monday, June 22nd, 2009

We all know that borrowing money does not happen for free. In fact many consumers are so accustomed to additional “fees” that they barely blink an eye when paying them as long as they continue to have access to financing. Credit card companies know this and for years have been profiting billions of dollars off of those fees that appear on your monthly statement. It should come as no surprise then to so what is currently happening within the credit card community. As banks rush to lessen the hit from rising defaults, more and more fees are showing up on consumer statements. The problem is many consumers are no longer able to afford these fees and paying them is much less enjoyable when you have maxed out your credit which is the case for millions of Americans.

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Interest Free Credit Card Deals

Thursday, June 18th, 2009

0 interest cards also know as interest free credit card deals are available on an introductory basis in order to win your business. Given the high expense of credit can painfully restrict your opportunities because your money isn’t available for things that matter to you, certainly it would pay to use these types of offers. The best balance transfer mastercards have the lowest balance transfer costs, the lowest costs and penalties, and the lowest starter rate ( nil is preferred ) for the longest introductory period.

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The best cashback credit cards

Tuesday, May 12th, 2009

We all like the idea of something for nothing, and one of the best ways to rack up some free cash is by paying for your purchases using a cashback credit card.

But in case you hadn’t noticed, we’re in the middle of a recession, and as the credit squeeze filters down, cashback deals are becoming harder to come by.

Just last year, Egg withdrew its popular Egg Money card to new customers, while Co-op spin-off Smile recently reduced its cashback from 0.5% to just 0.25%. (more…)