Analyzing the consumer credit card protection law to take effect in February 2010, the new law poses many blessings to the consumer but a point of annoyance for card companies bent on increasing profits.

No Comments | Author: CreditCardsCo | Categories: Banking, Credit Card News, Credit Card Reform

The question of how many credit cards becomes too much to have is constantly on the lips of American consumers. The die has been cast with financial experts aligning themselves for and against the multiple credit card issue. Here’s what we think, plus a few tips to manage your finances should you already own multiple credit cards.

8 Comments | Author: CreditCardsCo | Categories: Choosing Cards, Credit Card Basics, Credit Card Tips

All credit card companies do not follow the same type of grace period. However, a lot of credit cards will charge you interest right after a purchase is made (if there’s an outstanding bill). The best way to check how the grace period on your credit card works, and indeed if it has one is to check the reverse side of billing statements and the card agreement or terms and conditions.

11 Comments | Author: CreditCardsCo | Categories: Choosing Cards, Credit Card Basics, Credit Card Tips

Credit cards can be awesome. They save time, they are easier to carry than money and they are a form of identification, and many come with cool holograms. Therefore, most of us have one or more for our very own. However, things happen… cards stop functioning, cards are cancelled, cards pass their expiration date… as I said, things happen.

13 Comments | Author: CreditCardsCo | Categories: Credit Card Basics, Credit Card Tips, ID Protection

WASHINGTON – President Barack Obama is pushing to rein in costs for millions of Americans who use credit cards, an appeal to consumers as many struggle to pay their bills.

No Comments | Author: CreditCardsCo | Categories: Banking, Credit Card Basics

The spend thrift son of a billionaire and boastful middle-class lawyer both have this in common. Making savings without too much effect on our daily lives is not only possible, it’s highly achievable. Everything that has to do with saving and budgeting is always resisted by those individuals who have the “I CAN so I spend it” kind of attitude.

2 Comments | Author: CreditCardsCo | Categories: Financial Planning, Saving Tips

The prime rate is always seen as the first approach to controlling a recession. Burst periods which accompany the end of a market boom can be controlled by reducing the prime rate. Up until now, the Federal Reserve has steadily reduced prime rates in a bid to reduce interest rates and stimulate consumer spending.

2 Comments | Author: CreditCardsCo | Categories: Banking, Credit Card Debt

Credit Card debt is one of those issues affecting millions of Americans today. With credit easily available, the lure of spending what we don’t earn is hardly resistible. A lot of individuals even live out rightly on their credit cards with no form of savings whatsoever.

3 Comments | Author: CreditCardsCo | Categories: Credit Card Debt

As the year comes to an end and Christmas approaches, a time has come where your expenses might get higher than usual. With millions of Americans already high in credit card debt, remaining debt-free throughout this period requires some work on your part.

1 Comment | Author: CreditCardsCo | Categories: Credit Card Tips, Financial Planning

Millions of United States consumers lose money due to their inability to either read or understand details pertaining to their credit cards in small print. Whether it’s a credit card agreement, purchase agreement or other contract details, the bulk of Americans will only skim through the document rather than take a while to read and ensure to have understood all aspects of the agreement.

6 Comments | Author: CreditCardsCo | Categories: Banking, Credit Card Basics