Visa and Mastercard got hammered in a lawsuit with retailers, (to the tune of $6 billion) and now retailers will be allowed to charge customers a fee to use their credit cards, (and one assumes MC and Visa debit cards, as well). Merchant agreements in the past forbade surcharges, so this will be...
I hear all the time our out of control spending described as "putting it on a credit card." That analogy fails, IMO.
If I run up debt on my credit card, I'll either pay it back or I won't. If I die owing thousands in credit card debt, that's not a concern of my daughter's. She's only...
Why Visa Predicts Your Divorce - ABC News
"... Visa Predicts Your Divorce Predicting Behavior Based on Shopping Habits Helps Credit Card Companies Manage Risk
NICHOLAS CIARELLI, The Daily Beast
April 8, 2010
If you ever doubted the power of the credit card...
Obama's new law takes effect on February 22, 2010. We have been seeing interest rates rise in the past 6 months due to the industry clenching their cheeks, bracing for the "change" that is a'comin.
Learn some ways to make the best of it.
As I understand it BO signed into law a credit card bill that included wording regarding firearms in National Parks and Wildlife Areas. These areas will now follow state laws in regards to possession of firearms. If I am not mistaken this takes affect February 22, 2010. So, what else do I...
MOD can you please merge this with the other post. Sorry I did not see it before I posted this.
-----
The picture below is a FAKE but there is a REAL credit card, issued by First Premium Bank, which is now charging 79.9% interest rate for the use of it's card!
SOURCE: Credit card's newest...
Credit Card Has Eyebrow-Raising 79.9 Percent Interest Rate
Friday , December 18, 2009
NEW YORK —
It's no mistake. This credit card's interest rate is 79.9 percent.
The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive...
Just found these articles online. It looks like we get to subsidize the poor, downtrodden, and irresponsibles bank accounts now. How are bank fees not going to go up to cover this crap?
Jconline - Programs help 'unbanked' avoid high fees
Programs help 'unbanked' avoid high feesUpdated...
SOURCE: Latest bank fee is for paying off credit card on time every month - USATODAY.com
By Sandra Block, USA TODAY
You floss regularly, yield to oncoming traffic and use your credit cards judiciously, dutifully paying off your balance every month.
You may believe that your exemplary behavior...
This is so priceless, and so, so easy to see happening, customer service
being what it is today.
A lady died this past January, and Citibank billed her for February and
March for their annual service charges on her credit card, and added
late fees and interest on the monthly charge. The...
Full story here: http://www.newsmax.com/newsfront/us_credit_cards_mixed_blessing/2009/08/19/249955.html
Obama Credit Card Rules May Cost Consumers More
Welcome to Obama's brand of fairness sweetheart.:rolleyes:
Hear me out guys! Please read this, especially the part in bold. This is a sneaky bill that appears good but is really an attack on the way Free Markets should work. Government should not make rules for private banks!!! :xmad:
I made a big long rant last week about how if you be...
Brother continues to tell me about problems with credit cards. If the fuel costs don't decline we will see significant issues with credit cards that have a larger percentage of holders being maxed out. (within 10% of credit limit)
Rising fuel prices and food costs are causing more and more...
Credit card companies are getting hit hard. Easy credit will die a hard death.....
My brother works for Chase and they are getting hammered by settlement companies to pay off the credit debt on an accellerated plan. He says they have over 55,000 credit card holders in negociations for...