If you’re like the 40% of credit card holders the American Bankers Association refers to as “revolvers,” you probably carry at least some debt from month to month. And if you’re a typical American, according to Experian, you have an average balance of $5,897 , with an additional $2,044 on a couple of retail credit … Read more
Actual Consumer Complaints About Closed American Express Cards The information below is from actual consumer complaints reported to the Consumer Financial Protection Bureau (CFPB). The list is the last 107 complaints listed by the CFPB as of the date of my post, American Express is One Day Away From Cancelling Your AmEx Card. The data … Read more
People are getting a little pissed off that their American Express cards are getting canceled without notice. It is a shocker to be a proud card-carrying AmEx customer only to get the mail one day and find out your card is now closed. “They can’t do that to me. I’ve been a loyal customer for … Read more
So What is Credit Card Churning? Credit card churning is the process of taking advantage of credit card points, perks, and rewards in a structured, organized, and clever way to benefit you. These rewards might be for: cashback hotel stays airline tickets use of certain facilities like airport lounges preferred boarding access to special deals … Read more
Paying tuition with a credit card may seem like a fast tack to earning points, miles and sign-up bonuses. Plus, plenty of people are doing it — in 2018, almost 21% of tuition dollars were paid electronically with credit cards, according to a 2019 report by the National Association of College and University Business Officers. … Read more
Frequent flyer Nancy Mina built up over 800,000 airline miles from years of jetting around the globe. As the coronavirus pandemic hit the U.S. and the world hard, she realized the miles sitting in her account could do a lot of good. Mina, who lives in Sarasota, Fla., and works in commercial real estate, was … Read more
Financial issues happen to the best of us. Even if you’ve never missed a credit card payment before, you might fall behind if you lose your job, get sick or have a big expense pop up. A few missed payments can quickly bring headaches when the late fees and higher interest rates kick in. Good … Read more
Restaurants, bars, stores, schools, and theme parks across the country shut down this week amidst an outbreak of the coronavirus, known by the scientific name COVID-19. With so many places closing their doors, the economic impact of this global pandemic is likely to be massive. If your small business is shut down, if you’re temporarily or … Read more
Six years ago, Taylor Whetstone, a 32-year-old nurse practitioner from Columbus, Ohio, started using a credit card to pay for gas because her employer would reimburse her for work-related driving. While the free gas was a nice work benefit, Whetstone was more excited by another unexpected perk – the travel rewards points she was racking … Read more
As you pay for that new shirt or pair of jeans, the cashier offers you an instant discount – if you sign up for a store credit card. Instant discount – what’s not to like? The card will also probably give you e-mailed coupon codes and invites to members-only sales. You could also rack up … Read more
Typing your credit card number when making an online purchase can be a nerve-wracking experience. What if a hacker is “watching” and is able to obtain your personal financial information? Luckily, a product called a “virtual credit card” has been developed to help out in these situations. Here’s how a virtual credit card can help protect … Read more
Paying for summer fun using a rewards credit card can help pave the way for a fantastic future trip this fall or winter. The card rewards you rack up now can help you fund a glorious winter escape — whether it’s to hit the slopes or warm up on a white sand beach. It’s all … Read more
Is there anything more satisfying than paying off a credit card? With double-digit interest rates that can send even the smallest of balances soaring, the effort to pay it off can be arduous. When you finally manage to do it, though, you may be tempted to close the card forever. Here are some things to … Read more
The folks over at Clever put out a credit card debt report which is being reported by others in different ways. Honestly, the results leave me perplexed. While 70% of people say they will not pay off their credit card debt within a year. You also have 62% younger than 35 and 35+ has 48% … Read more
Is this really a good thing for consumers? TransUnion thanks so. Press Release Consumers seeking even more convenient and relevant credit offers will benefit from TransUnion’s latest enhancements to its Mobile Offers NowSM solution. The solution removes barriers and friction by helping consumers secure instant access to prequalified credit offers through a completely SMS-enabled mobile … Read more