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The Stock market is down, the stock market is up; Congress is about to approve the bailout bill, Congress did not approve the bailout bill, Congress is in recess for two days; the Credit market only has one day of float, three days, a week . . . the bailout is good, the bailout is [...]
Archive for September, 2008
To Charge or Not To Charge?
Posted by admin2 on September 30th, 2008
Posted in Credit Cards, Debt Management, News 
Tags: Articles about Credit Cards, Credit Cards, Debt Management, News 
No Comments »Credit Card rewards and the turmoil on Wall Street and the Banking System
Posted by admin2 on September 29th, 2008
Maria M., a reader of CreditCardsMojo.com asked us: “Are my credit card rewards with [redacted] safe?”
Great question Maria! We have done some research, and called and emailed some very smart people in the industry, and the answer is: “Probably, but it depends”.
Let me explain: there are three major categories of rewards
Airline Miles
Cash Back/Rebate
Points and similar [...]
Posted in Credit Cards, News Tags: Articles about Credit Cards, Credit Card Articles, News No Comments »Urban Myth: Debt is bad
Posted by admin2 on September 26th, 2008
Debt per se is not bad, and it’s not evil either. Debt, any kind of debt, including credit card debt, is a tool; and just like any tool must be used according to its purpose.
When it comes to personal finances, you must run your household like a company, with the same principles and strategies of [...]
Posted in Credit Cards, Debt Management Tags: Articles about Credit Cards, Credit Cards, Debt Management No Comments »FICO score and Credit Cards
Posted by admin2 on September 24th, 2008
FICO score: art, science or alchemy? Most people believe it’s more alchemy than anything else, but in reality the algorithm used to calculate individual’s FICO score is secret and proprietary and it is often adjusted and refined, therefore the mystique surrounding it.
However the overall principle is still the same, maintain a good rating, or improve [...]
Will the Federal Government Bail People Out From Their Credit Card Debt?
Posted by admin2 on September 23rd, 2008
Probably no. Last month we would have said “NO”, but after the latest event, the rule of “Never Say Never” must be applied, hence the “Probably” clause.
However all the indicators point to the Federal Government wanting to acquire most of the bad debt on the books of the Financial Institutions including Credit Cards, Student Loans, [...]
Posted in Credit Cards, Debt Management, News Tags: Advanta, Credit Cards, Debt Management, News No Comments »Is this the best time to pay off your credit card balance?
Posted by admin2 on September 22nd, 2008
There’s a financial mayhem going on in Wall Street, Main Street, and in most streets of the entire world. And chances are that nobody fully understands the ramifications of the actions of the Federal Reserve and the Treasury, but everyone is wondering: “what does this mean for me and what’s the advantage to me?”.
Every situation [...]
Posted in Credit Cards, Debt Management, News Tags: Citi Credit Cards, Credit Cards, Debt Management, News No Comments »A Business Credit Card for the New Global Philanthropist
Posted by admin2 on September 12th, 2008
Today, more than ever, it’s extremely important for you, the entrepreneur of this very new economy, to select those service companies that understand your business, offer the right services, and share with you the same philosophy and vision. The winds of changes are sweeping the business landscape, including the non profit world, and they leverage [...]
Posted in Credit Cards Tags: Advanta, Business Credit Cards, Credit Cards, Good Credit, MasterCard, Reward Credit Cards No Comments »Wordwide acceptance of Credit Cards no longer true for U.S. Credit Cards
Posted by admin2 on September 11th, 2008
If you’ve been to Europe recently, you know that the majority of vending machines like kiosks or public telephones only take Credit Cards with the security chip in it.
While all of the credit cards issued in Europe have this security chip in them, only a handful of U.S. Credit Card issuers use such a feature. [...]
The Future of the Credit Card, might be no Card at all
Posted by admin2 on September 10th, 2008
As our friends at CERN fire up the Large Hadron Collider, playing around with protons, black holes , quarks, in search for the ever elusive Higgs boson; a quick glance at our most recent Credit Card statement confirms that there’s no fuzzy math involved here, the bill is due when it says it’s due, in [...]
A Beginner’s Guide to Credit Cards. Part I: An inside look into Interest Rates
Posted by admin2 on September 9th, 2008
Credit Cards: love them, hate them; when used properly they are wonderful tools for Personal Finance, but just like any other tools when misused and abused, credit cards can come back and bite you where it hurts the most: in your wallet.
Proper use of credit cards starts with understanding how they work, inside and out. [...]
