Credit card interest rates can make anybody’s head swell with pain and frustration. Of course, a lot of people cannot avoid it because of the convenience of card transactions. Credit cards have definitely become a staple in the lives of many people especially since the credit card has been in the market for over fifty years.

To make a credit card work to its fullest potential and to your greatest advantage, you should make use of the best credit card rewards that are available. Contrary to what a lot of people think, using credit cards for commercial transactions is not its sole benefit. N

Read full article…

Consumers have been up in arms over escalating rates on their credit cards. They’ve complained to lenders, researched options on other credit card terms, and sent a loud and clear message to their Congressional representatives.

President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 last May, and, in response to the promise of tighter restrictions, credit card companies scrambled to boost revenues by establishing rate increases prior to the February 2010 date for enacting the legislation. The new law will ban so-called arbitrary rate increases on interest, establishing guidelines for regulating “usury”, and enforcing statutes that determine when an arbitrary rate exceeds the law.

The lender’s immediate increases sparked further responses on the Hill and many legislators are now considering a 16 percent maximum rate for credit cards along with a $15 cap on late payment fees. Consume

Read full article…

True or false: Did pop singer Courtney Love take out 104 American Express cards, charge $352,059.67 to them, and then refuse to pay off the charges?

In a real-life mystery that would have even Robert Downing Jr.’s indomitable Sherlock Holmes scratching his head, American Express is suing pop singer Courtney Love for $352K in charges to credit cards issued in her name. Love, in turn, is countersuing American Express, claiming that she never made the charges, nor even took out the 104 Amex credit cards issued in her name in the first place. Love, according to TMZ, is suing the behemoth card issuer for an unspecified amount in damages and interest, accusing Amex of “messy business practices,” by allowing a large number of credit cards to be issued in her name without her knowledge.

The answer to the question of who originated the charges will be for detectives and two armies of lawyers to sort out. Wheth

Read full article…

You can if you want to – simply add his or her name as an authorized user on your account, and have him/her do the same for you. Then you’ll each be issued cards on each other’s accounts and both be able to use all of your combined accounts.

But should you?

Since money issues are a prime cause of divorce, the first thing to do is get into agreement about how your credit cards – and the rest of your financial picture – will be handled. Of course, this issue should have been settled long before the wedding, but if it’s still a question, now is the time to face it.

If your spending habits are similar – good – especially if you’re both conservative spenders. But if on Read full article…

Despite rising security efforts, internet credit card fraud remains a leading threat. According to experts, the cost of cyber crime to the global economy may soon reach $1 trillion in losses – and the cost to the U.S. alone is estimated at nearly $8 billion.

While government officials and law enforcers are working hard to make the cyberspace more secure for consumers and merchants alike, individual cardholders play the most important role of all in safeguarding their credit cards. Here is a list of things you can do to make your online experience safer.

1. Shop only reputable websites. When shopping online, deal only with reputable sites that display the security-enabled https:// pages. A

Read full article…