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Dirty credit card tricks should be thing of the past, given the reforms recently passed under the Credit CARD Act of 2009... and perhaps in an ideal world elsewhere in the spacetime continuum, they are. But this is the real world, and while the old abuses have been curbed, we now have new ones to deal with.
It was naïve to think that the much ballyhooed Credit CARD Act of 2009 would put an end to the dirty credit card tricks that issuers try to gouge us with on a daily basis. Sometimes, I think the only winning move with credit cards is what the computer decided at the end of the movie WarGames: not to play at all.
In the past, the best credit card practices have mostly revolved around cautious spending. The recipe seems simple enough: use your credit card carefully, make your monthly payments, and keep your balance relatively low. That way you have your card if you need it and you don't have to worry about going into debt.
It's no big surprise that so many people love the idea of a 0 balance transfer credit card. After all, these cards can really get you out of a tight situation. If you need a bit of breathing room to make your payments, transferring your debt to a 0% balance card can alleviate interest payments and allow you some time to get your situation back under control without gathering huge amounts of interest.
Though the history of credit stretches back into antiquity, the history of credit cards is surprisingly short. If you've ever wondered who we have to thank (blame?) for our current credit framework, look no further than this article. We'll be happy to let you in on the secret!
Unfortunately, bad credit cards are no longer the only type of credit scam out there. Even though they're the most prominent, there are more and more people willing to take advantage of anyone in need. Part of this probably stems from our struggling economy -- more people are struggling financially, and more people need credit. Part also comes from the fact that we're an increasingly credit based society.
Regardless of the reasons, though, it's important that you recognize the signs of bad credit cards and credit scams before you get sucked in.
If you don't already accept credit cards for business you do online, you're in a small minority, and it's time to change! While it's true that not all online business involves credit cards, the vast majority of consumers are no longer willing to incur the trouble and expense of sending checks and money orders. By all means, keep these payment options -- but if you want to succeed, you really must start accepting credit cards.
When it comes to finding the best credit cards after bankruptcy, many people expect a tooth and nail battle, and to emerge on the other side with, at best, a secured credit card. But actually, it's possible to get not only good cards but the best cards after a bankruptcy -- if you follow a few key steps.
It was only a matter of time before the paypal credit card appeared. After all, Paypal revolutionized how we shop online and how we handle credit card information. So it only makes sense that they'd come out with a credit card of their own. Which begs the question... who should use this card? And why would they want to? Find the answers in the following information.
Once you get past Visa and Mastercard, the Discover credit card is one of the most well known names in the credit industry. But where did this alternative come from, and more importantly for all you financial wizards, where is it going?
