A Peak Inside the Chinese Credit Card Industry

You may think it’s cruel when your credit card issuer charges you a late fee or an over-the-limit penalty, but imagine if your name was printed in the paper for all to see if you failed to pay your bills on time. And if that’s not enough for you, picture being hauled to jail for … Continue reading “A Peak Inside the Chinese Credit Card Industry”

How to Stop Receiving Credit Card Offers

Credit card Q&A: “How to stop credit card offers.” Are you sick of receiving pesky credit card mailers seemingly every single day? I was, which is why after several grueling years I finally took action (yes, I procrastinated a couple years). After all, aside from being a general nuisance and bad for the environment, these … Continue reading “How to Stop Receiving Credit Card Offers”

Beware of the H&R Block Emerald Card

So tax season is quickly approaching, and with that comes what many would call opportunistic offers for tax-related services. The most recent advertisement I’ve seen is from H&R Block, which is offering to put your tax refund on a prepaid MasterCard debit card via its “H&R Block Emerald Card.” They’ll even give you your tax … Continue reading “Beware of the H&R Block Emerald Card”

medFICO Score Coming to a Hospital Near You

With the help of Fico score founder Fair Isaac, Healthcare Analytics plans to roll out the controversial “medFICO” this year, a credit scoring system that tracks patient billing data from hospitals nationwide. The idea was developed in an effort to determine a patient’s ability to repay medical bills, not before they receive treatment, but only … Continue reading “medFICO Score Coming to a Hospital Near You”

How Can I Lower My Credit Card Interest Rate?

Many consumers are riddled with credit card debt thanks in part to APR that is through the roof, making it very difficult to pay down debts and get back in the black. So you may ask yourself, “How can I lower my credit card interest rate?” Credit card issuers aren’t in the business of losing … Continue reading “How Can I Lower My Credit Card Interest Rate?”

American Express Plum Card

In just a couple days, the “American Express Plum Card” will be released, promising to revolutionize the way business owners use credit cards. Put simply, the Plum Card allows businesses to manage cash flow with the use of an credit card, instead of worrying about having cash on hand for purchases large and small. Plum … Continue reading “American Express Plum Card”

Watch Out for Negative Payment Hierarchy

Let’s get one thing straight. Credit card issuers aren’t your friends. They are your business partners, and they’re in business to make money by lending you money. In fact, most credit card issuers set things up so you pay off the lowest interest rate charges first, and the highest interest rate charges last. Read that … Continue reading “Watch Out for Negative Payment Hierarchy”

Five Credit Card Fees You Can Avoid

As you probably already know, credit card issuers make much of their money on collected interest and outrageous fees.  It seems everyday credit card companies are coming up with new fees to charge customers.  Take a look at five common credit card fees you can easily avoid with some common sense and responsibility. Credit card … Continue reading “Five Credit Card Fees You Can Avoid”

A Lesson in Credit Utilization

A friend of mine recently notified me that his credit score plummeted nearly 100 points from the last time it was updated. He is enrolled in a credit monitoring program, so he receives alerts when his credit scores fluctuate. Naturally, I asked him why he thought his credit score could have dropped so dramatically in … Continue reading “A Lesson in Credit Utilization”

Capital One to Report Credit Limits to Bureaus

Capital One has announced that it will report credit limits on its credit cards to all 3 major credit bureaus amid criticism from consumer and industry groups. The move will also help improve card holder’s credit scores, which likely suffered from a lack of information regarding the credit lines many had established with Capital One. … Continue reading “Capital One to Report Credit Limits to Bureaus”