Category: Credit Cards
Penalized For Not Carrying Debt?
| January 26, 2007 | Posted by derek under Credit Cards |
Over at CNNMoney.com there is an article discussing a recent Senate Banking Committee hearing that is examinging credit card practices. According to the article, one consumer advocate is proposing an idea that those who pay their credit card balances in full every month should pay a small annual fee. Deadbeats. If you are one of… continue reading
American Express Balance Transfer Update
| January 20, 2007 | Posted by derek under Credit Cards, Savings |
It has now been almost two months since I commented about my American Express balance transfer woes, so I thought that I would provide an update. Free Money Is Good. After getting the balance transfer finalized, I have had the money sitting in my ING Direct account. As stated earlier, I know that I should… continue reading
Use Credit Cards to Your Advantage
| December 3, 2006 | Posted by derek under Credit Cards, Live Below Your Means |
Over at JohnChow.com, John has a great post about why you should never pay by cash that you should be sure to check out. As John mentions in the article, this approach to spending does require that you are someone that lives below their means and pays the entire credit card balance in full each… continue reading
American Express Balance Transfer Woes
| November 30, 2006 | Posted by derek under Credit Cards, Savings |
Late last year, I had taken advantage of a balance transfer offer from Citibank and received a check for $24,000 that I deposited into my ING Direct Orange Savings account. As it has been earning interest and nearing the offer expiration date, I was preparing to schedule the transfer of funds out of savings to… continue reading
MBNA and Bank of America Snafu
| October 23, 2006 | Posted by derek under Credit Cards, General |
For those that may have a credit card with MBNA and/or Bank of America, you likely experienced the updated interface to the website today. Unfortunately, it seems that there are still a handful of issues that are being worked out as the end result is less than ideal. Upon logging in to the new site,… continue reading
Being a Fool to Get Out of Debt
| September 15, 2006 | Posted by derek under Credit Cards, Debt Reduction, General |
When I graduated from college, I found myself with substantial student loan payments and credit card debt from my days in school. While I knew that something had to be done to get rid of my debt, I didn’t really know what to do. As I surfed the web, I had come across the Motley… continue reading
Strategy to Curb Impulse Buying
| August 30, 2006 | Posted by derek under Credit Cards, General, Savings |
When people find themselves mired in credit card debt, one of the culprits is often the result of buying things on impulse even when you know that you cannot afford the item. It is far too easy to simply pull out that piece of plastic and buy that new big screen TV or designer purse… continue reading
Is Your Credit Card Due Date Inconvenient?
| August 29, 2006 | Posted by derek under Budgeting, Credit Cards |
Have you ever had the feeling that every single monthly bill is due at the same time of the month? It is actually quite common to see the majority of your bills due in the beginning of the month, including big-ticket items such as mortgage payments, car payments, insurance premiums and credit card bills. This… continue reading
Should I Close My Credit Card After Paying the Balance?
| August 23, 2006 | Posted by derek under Credit Cards, Debt Reduction |
While working to eliminate you debt, you are likely to see numerous people that will recommend the practice of closing a credit card account once you have paid the balance in full. However, that may not always be in your best interest. Often times people will think that once an account has been paid off,… continue reading
Credit Score and the Importance of Payment History
| August 21, 2006 | Posted by derek under Credit Cards, General |
While you are working towards eliminating your consumer debt, one of the most important aspects to impact your credit score is your payment history. According to myFICO.com, your payment history is the largest influence in determining your credit score. As long as you maintain a positive payment history, it is quite possible to maintain a… continue reading
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