Exclusive Credit Cards – Have Money?

June 17, 2011

TweetIn today’s market, exclusive credit cards are also expensive credit cards. Yet, this doesn’t seem to matter. The wealthy love the security of plastic. When those exclusive credit cards bring along services and benefits, those who have money, or want to look like they have more money than they really do, are enticed to partner [...]

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How are Credit Card Laws Affecting Low-Interest Credit Cards

June 9, 2011

TweetAccording to a report released by Fox News on June 3, 2011, the Credit CARD Act has had a negative effect on the issuing of low-interest credit cards.  It’s definitely harder to get low-interest credit today. The interest rates the credit card issuers were willing to grant credit card holders went up before the Act [...]

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Your Credit History Could Change Your Credit Card Interest Rate

May 27, 2011

TweetCredit card companies are looking at risk before they issue credit cards today. So even though you may only have one account that you’ve been late on, that late payment history could have an impact on your interest rates going forward. It may be comforting to know that credit card companies no longer have the [...]

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Exceptions Credit Card Issuers Can Use to Raise Interest Rate on Your Existing Balance

May 20, 2011

TweetWhile the Credit CARD Act of 2009 brought in some sweeping changes to the way credit card companies do business, it didn’t eliminate every loophole. There are still ways for your credit card issuer to raise the rate on your existing credit balances. Here are the things you want to be sure you do so [...]

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How the Prime Rate Could Hurt Credit Card Users

May 13, 2011

TweetBecause most credit cards have interest rates that are tied to the prime rate, it can be useful to understand what the prime rate is and where it is predicted to go. Knowing how the prime rate could hurt you as a credit card user is a tool for leveraging your credit card choices. What [...]

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Credit Card Users Beware – How Banks Get Around the 45 Days Notice Requirement

May 6, 2011

TweetThere are several ways that credit card companies can still get around the provisions of the Credit CARD Act of 2009. You need to be aware of the loopholes that allow banks to get around the 45 days notice requirement. The most important loophole to recognize is this. Just because you have 45 days to [...]

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