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
Author: Colin Robertson
Colin created this blog after spending several years in a job that required him to scour credit reports on a daily basis. His goal is to help individuals better understand their credit and get the most out of credit cards.
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
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
Better Have a Credit Card If You Plan to Rent a Car
If you’re thinking about taking a family trip this summer, or simply need to a rent a car for a business trip, make sure you’ve got a credit card handy. If you show up to a Hertz or an Avis without a credit card, you could find yourself walking away frustrated on foot Most, if… Continue reading Better Have a Credit Card If You Plan to Rent a Car
Balance Transfers and Store Credit Cards
A couple of friends of mine moved into a new house a few years ago, and found themselves with a lot more space and not much to fill it. Their first instinct was to the upgrade the television. They had placed a 36 inch TV in the living room, but it seemed microscopic in their… Continue reading Balance Transfers and Store Credit Cards
The Black American Express Credit Card Really Exists
Credit cards don’t typically fall into the category of pop-culture, nor do they usually garner much attention aside from their basic functionality. But one credit card has mystified and amazed consumers and the general public for years: “The Black American Express Card.” During the 1980s, many believed it was a hoax or simply urban legend,… Continue reading The Black American Express Credit Card Really Exists
Best Gas Rewards Credit Cards – Earn 5-10% Cash Back!
(*****Last updated 7/13/2017) So gas prices are continuing to rise, and it’s not even summer yet. Many experts see gas prices per gallon shooting up to over $4.00 which is nothing short of scary. It’s really getting to the point where we can’t ignore the excessive price of gasoline. Before you could turn and cringe,… Continue reading Best Gas Rewards Credit Cards – Earn 5-10% Cash Back!
The Credit Score Black Market: Buying and Selling Trade Lines
You may have heard about companies that sell the credit history of others to consumers who have poor or limited credit. It’s referred to as “buying credit”, “renting credit”, or “adding seasoned tradelines”. These credit brokers target real estate professionals who desperately need to find qualified homebuyers, especially in today’s market where heightened credit standards… Continue reading The Credit Score Black Market: Buying and Selling Trade Lines
Your Credit Card Application Has Been Declined
“We regret to inform you that after careful consideration we are unable to open an account for you at this time.” Heard that before? If so, you may be feeling down on your luck or in a panic to get another form of credit elsewhere. But before you freak out, think about why the credit… Continue reading Your Credit Card Application Has Been Declined
New Bill May Block Credit Cards for Illegals
It was reported by the Wall Street Journal that Bank of America will begin offering credit cards without the need for a social security number or credit history. These credit cards are likely aimed at illegal immigrants, mainly Hispanics who lack citizenship, but whose population continues to grow exponentially in the United States. The terms… Continue reading New Bill May Block Credit Cards for Illegals