Category Archives: Credit Cards

Information on credit card loans such as Visa, Mastercard, etc

What is the Credit CARD Act?

Video primer on the major policy points of the credit CARD act and how it effects consumers. Continue reading

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Is the Credit CARD Act Hurting Credit Scores?

An informative video concerning the new CARD act and any effects it may have on credit scoring for consumers. Continue reading

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How Does a Charge Card Work?

Video Primer on how charge cards function and what you need to know. Continue reading

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Credit CARD Act of 2009: Video Primer

Video overview of Credit CARD ACT of 2009 Continue reading

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Credit CARD Act: What is it about?

Last year the Senate Banking, Housing, and Urban Affairs committee passed the Dodd-Levin Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD Act, S.414). This requires credit card companies to apply payments to the balance with the highest interest rate first, and it also prohibits interest rate hikes on a credit card based on information unrelated to that card. Continue reading

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Credit Cards: Silver, Platinum and Gold.

Aside from all being precious metals; silver, gold and platinum also signify the difference between the various strata of credit cards available to cardholders. So, what’s the difference between you having silver, gold and platinum credit cards?

Besides the “kudos” of having a metallic covered card in a stratum higher than the one below it, with silver being considered the lowest, gold next and platinum at the peak, these days there really is little difference between each of these cards. Continue reading

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How Low APR Credit Cards Work

Millions of people are making use of their credit cards to purchase just about anything. Because of this, it is important to minimize total fees and interests. Paying high interest rates means a lot of money wasted. Fortunately, with the existence of several credit card companies hoping to get your business, most of them offer attractive interest rates to get ahead of the competition.
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Is Debit Better Than Credit?

Debit cards and credit cards have much in common but there is one thing that really makes them different. When you make a purchase on a credit card you are actually using the card issuer’s money to fund the purchase and you pay them the money back at a later date. With a debit card your using your own money directly from your bank account. So how do you know what is right for you? Continue reading

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Credit Card Late Fees

Last year, the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 was signed into law. This new law is intended to help protect consumers from the credit card industry’s history of abusive penalties and fees, sudden interest rate increases, and other unjustifiable changes in account terms. Continue reading

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Credit Or Debit – Which One is Best?

I hear people all the time use the terms “credit card,” and “debit card” in the same breath, but they are actually two very different things. A credit card is just as it sounds; when you use it, you are making purchases on credit. But when you use a debit card, you are extracting money from your bank account to pay for the purchase. Continue reading

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