CreditCardsAct

RECENT ARTICLE

Credit Cards to be Taken by Metra

Card Insider: Metra on Wednesday is scheduled to roll out its new "user-friendly" Web site, which it promises will allow customers to personalize their commute and accept credit cards for the purchase of tickets. The Web site has been completely redesigned and modernized to offer passengers the latest technology, officials said. The Web site will allow commuters to create a "My Metra" account to order tickets online, create customized views of train schedules and receive personalized e-mail alerts about service updates. The Web site will also be fully accessible for Spanish-speaking users. Metra...

CreditCardsAct on September 9, 2009 0

Share |

ALL ARTICLES

Weekly Credit Card Rate Report

Best Cards: The national average annual percentage rate on new credit card offers was unchanged this week at 12.17 percent, according to the CreditCards.com Weekly Credit Card Rate report, though banks continue to cautiously experiment in reaction to new credit card legislation. The national average credit card APR is comprised of 95 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed below. (Introductory, or teaser, rates are not included in the calculation.) The averages in nine card categories were unchanged...

CreditCardsAct on September 3, 2009 0

Share |

ALL ARTICLES

Tips for Disputing a Credit Card Charge

Money Saver: Very often there are charges on you credit card that you never made or merchants did not reimburse you properly. Below is what you need to know to file a successful dispute: Try your other options first-A credit card dispute shouldn't be your first move. You should go to the merchant to try to resolve your problem. That might include a partial refund or credit for a future product. Watch your bill - Review your monthly credit card statement very carefully. Match up receipts to charges listed on your statement, if there are any discrepancies or unknown charges you should...

CreditCardsAct on September 1, 2009 0

Share |

ALL ARTICLES

United’s Credit-Card Fee Draws Travel Agents’ Protest

Card Insider: United Airlines - demand that travel agents pay credit-card processing fees on ticket purchases would raise costs for businesses and millions of customers and should be stopped by Congress, an industry trade group said. United said in June it was making the change because of transaction expenses that have risen to “several hundred million dollars” annually. United had planned to begin levying the fees last month, and extended the start date by 60 days. Some agents will have to absorb the costs when customers buy with Vida Inc., Master Card Inc., American Express Co. and other cards...

CreditCardsAct on August 31, 2009 0

Share |

ALL ARTICLES

Strategies To Increase Your Credit Score

Card Insider: Below is description on what goes into your FICO score: 35% - How timely you have been with payments 30% - How much you owe compared with your total available credit 15% - How long a credit history you have 10% - Whether you have recently taken on new credit/debit 10% - What mix of credit types you have Never be late on your payments - As you see in the pie chart above, the biggest % of your credit score comes from your payment history and...

CreditCardsAct on August 28, 2009 0

Share |

ALL ARTICLES

Discover Credit Card Offers $50 Cash Back Bonus

Best Cards: Discover Credit Card offers one of the highest cash back bonuses, in comparison to other credit cards. If you are planning to apply for a new credit card and interested in bonuses and rewards, Discover Credit Card might be the best choice for you. There are some important points you need to know about the credit card to make your final decision to apply. Here is why Discover Credit Card is for you: ...

CreditCardsAct on August 27, 2009 0

Share |

ALL ARTICLES

Banks Cut Credit for 58M Card Holders in 1 Year

Card Insider: Credit card companies slashed limits for an estimated 58 million card holders in the 12 months ended in April, even though a high percentage had good credit scores when their limits were cut. The widespread cuts hurt about a third of consumers, but most people did not see a big impact on the credit scores, according to a study by FICO, the company that produces the most widely known credit scores. The limited effect may be because lenders often cut limits on cards that were unused or lightly used. The statistics in some ways ...

CreditCardsAct on August 21, 2009 0

Share |

ALL ARTICLES

What Consumers Should Know About Credit Cards

Card Insider: News that as many as 130 million debit and credit cards may have been breached highlights the growing risk of fraud. Here is what it means for consumers. Q: How can I tell if my information has been compromised? A: In almost every state, companies that suffer a data breach will have to notify customers if their personal data may have been breached. Meantime, consumers should monitor their bank and credit-card accounts and report any unusual activity to the financial institution. Q: How do I protect myself? A: First, get copies of your credit report to make sure the information is a...

CreditCardsAct on August 18, 2009 0

Share |

ALL ARTICLES

Credit Card Guidelines

Money Saver: Below are some basic principles for managing your credit cards wisely, to avoid unnecessary credit repairs and to maintain high credit score: Keep your balances as low as possible - Pay off your balance in full each month. Don’t overcharge your credit card id you can not pay it off on time. Manage your accounts carefully - You should read over your statement and look for charges that might not be yours and make sure ...

CreditCardsAct on August 17, 2009 0

Share |

ALL ARTICLES

New Credit Card Rules

Card Insider: WASHINGTON (Dow Jones)--Credit card issuers, starting next week (08/17/2009), will be required to give consumers 45 days' notice before raising their interest rate or making other significant changes to a card plan's terms. Under the new rule, borrowers will have the option to decline the new rate and pay off their balance over time under the original rate. Issuers also must begin sending bills 21 days before payment is due. The new rules are the first of a number of new consumer protections to be implemented under a major credit card law enacted in May. Most of the law's changes won't t...

CreditCardsAct on August 13, 2009 0

Share |

ALL ARTICLES

Use Credit Cards and Increase Your Credit Score

Money Saver: Your credit cards play an essential role in build up your credit score. Nowadays, majority of people use credit cards, that why we all need to know how to use credit cards properly to increase credit score. Also, if you use your credit cards wisely, you may be rewarded with lower interest rates, higher credit limits and a good credit score. When using your credit card try to: Notify your creditor if you will be l...

CreditCardsAct on August 12, 2009 0

Share |

ALL ARTICLES

Credit Card Reform of 2009

Card Insider: Two provisions of the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 take effect on Aug. 20. Most of the other rules don't apply until February. Longer bill payment period: Credit card statements will arrive earlier. Issuers must mail billing statements 21 days before the due date, up from the current requirement of 14 days. If there is a grace period (how much time you have to pay the balance in full before a finance charge incurs), it must span at least those 21 days before the due date. If you carry a balance, the grace period doesn't matter. This expan...

CreditCardsAct on August 7, 2009 0

Share |

ALL ARTICLES

Chase, United Airlines Launch Three New Premium Credit Cards

Best Cards: WILMINGTON, Del. and CHICAGO, Aug 03, 2009 /PRNewswire - FirstCall via COMTEX/ ----The respite of a quiet lounge, the comfort of extra legroom on a flight, the exclusivity of elite status, and the opportunity to earn award travel with frequent flyer miles more quickly are all within easy reach for today's busy, sophisticated travelers. These benefits and more are available with three new credit cards announced today by United and Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM: 40.17, 0.55, 1.39%), including the United Mileage Plus(R) Club Visa(R) Card, The United Mileag...

CreditCardsAct on August 4, 2009 0

Share |

ALL ARTICLES

Best Credit Cards for Your Use

Best Cards: When you are applying for a credit card or trying to pay off your high balance you need to be careful and pay attention to the basic points listed below: Interest rate - Everyone is looking for lowest interest rate offered, but because most of the cards have interest rates that are increasing in 6-12 month, you have to know both what your initial rate will be, as well as what that rate will go up to after the offer period ends. No annual fee - This is a good feature to have, if you do have to pay an annual fee to get lower interest rate, make sure to factor that into th...

CreditCardsAct on August 4, 2009 0

Share |

ALL ARTICLES

Credit Card Industry Enters a New Period

Card Insider: Consumers will get their first taste of the landmark credit card reform law this month as banks become required to give at least 45 days' notice of any significant change in their card offerings. But that's just the start. Between now and February, a whole raft of new rules will take effect aimed at leveling the playing field between card issuers and consumers, who all too often have found themselves powerless to challenge onerous and abusive lending practices. "This is the biggest credit card reform we've had in...

CreditCardsAct on August 3, 2009 0

Share |

ALL ARTICLES

MasterCard Profit Exceeds Estimates on Higher Fees

Best Cards: By Peter Eichenbaum (Bloomberg) – Mster Card Inc., the world’s second- biggest payment-card network, posted profit that beat analysts’ estimates as the company raised fees, slashed expenses and processed more transactions. The stock rose as much as 11 percent in New York trading. Second-quarter net income was $349 million, or $2.67 a share, compared with a loss of $747 million, or $5.70, a year earlier, the Purchase, New York-based company said today in a statement. Excluding legal costs last year, total profit climbed 26 percent. MasterCard and No. 1 network VISA Inc have been ...

CreditCardsAct on July 30, 2009 0

Share |

ALL ARTICLES

Credit Card Holders Gain Protection From Minnesota Settlement

Card Insider: If you have a credit card, cell phone or other type of consumer contract, you almost certainly have a binding arbitration agreement in the fine print. That means you have given up your right to sue; instead an arbitrator would act as judge. The arbitrator, under most contracts, is chosen by the credit card or services company. Most consumers have no idea that they have given up these rights, simply by agreeing to take a company's services. Consumer advocates have long argued that requiring consumers to use arbitration is unfair. Now a court settlement seems to bolster their arguments, an...

CreditCardsAct on July 27, 2009 0

Share |

ALL ARTICLES

Credit Card Issuers Will Soon Have to Spell Out More Details on Bills

Card Insider: By PAMELA YIP / The Dallas Morning News How many consumers really understand their credit card statement and the disclosure notices that come with their bill? The better question may be: How many even read them? If you don't read your statement closely or if you throw away the envelope stuffers, you may not know that your interest rate or fees have gone up, or that your credit limit has been lowered. Fortunately, federal regulators are eliminating consumers' excuses for not studying their credit card bills by requiring card issuers to make the statements easier to understand. Fo...

CreditCardsAct on July 27, 2009 0

Share |

ALL ARTICLES

Credit Card Saving Advantages

Money Saver: Credit cards maybe a barrier for some people to get out of debt and save extra money. However those people, who pay off their credit card bills each month on time, can have some saving advantages from card usage. Most of the credit cards protect your purchases from damage or theft for a certain time period after the purchase is made. Often if you use credit card to buy airline tickets they will offer coverage for life and baggage insurance during your vacations. Since all cards have different rules and coverage you need to check with your credit card company to find out exactly what i...

CreditCardsAct on July 22, 2009 0

Share |

ALL ARTICLES

What is the Good Number of Credit Cards to Have?

Card Insider: There is no definite number of credit cards you need to have. Most of the financial advisers believe that anyone should have as many cards as they feel they can manage responsibly. For people that pay their bills on time there are a number of benefits to have multiple credit cards, here are some examples: You should keep one credit card with a zero balance in a safe place; in case your wallet gets stolen, you'll have a credit card to use while you wait to have the stolen cards to be replaced. You will have backup in case your primary card is denied...

CreditCardsAct on July 22, 2009 0

Share |

ALL ARTICLES