Significantly lowering your credit card balance can be like coming from behind to win the Super Bowl. If you are thousands of dollars in credit card debt you may look at the score board and think there is no way out. But think about some of the greatest comeback football games you’ve seen and you’ll know there is always hope.
Play Good Defense
Football players know you can’t win if you are behind in the game until you stop the other team from scoring. The same idea applies with lowering your credit card balance. You have to stop the damage by going on an all out blitz and refuse to use your credit cards unless it is an emergency. Set a budget and use cash to pay for food, clothing, and miscellaneous items. Not adding to your debt is the first step in reducing it. In the words of Will Rogers: “When you find yourself in a hole, stop digging.”
Play Good Offense
To win a football game your offense must score more than the other team’s offense, they must stay ahead to win in the end. In terms of lowering your debt you want to stay ahead by controlling your impulse spending so you don’t have to constantly play catch up. Watch for mindless spending on things like trendy clothes, weekly pedicures, going out to eat and electronic gadgets. Track your spending and Read more…
Managing our credit card accounts has never been more convenient and practical, and it looks like it just got a little bit easier.
Citibank has teamed up with the iPhone to allow individuals to effortlessly complete their mobile banking services. Called the Citi Mobile Suite, this iPhone application allows cardholders to access and manage their credit card accounts from their mobile phone, from any location and during any time of the day or night. Could it get any easier?
Advantages of Mobile Banking
Mobile banking; in particular, banking from your mobile phone, has never been easier, and the benefits are clear:
We all know that a good credit score is highly important in today’s economy. It is therefore all the more important that we do what we can to maintain a great credit score. For some individuals, this may mean making bi-monthly credit card payments instead of monthly ones.
Making bi-monthly credit card payments (paying on your credit card twice a month, instead of once a month) may make the task of paying on your credit card a more easily manageable one. Smaller payments, for some individuals, are just easier to budget, and may allow them to pay more on their credit card than if they were paying once a month.
Why it may pay to make bi-monthly credit card payments –
Posted on | January 14, 2010 |
The remainder of the new Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 regulations go into effect in February 21st, and a lot of credit card companies are making changes before those changes are banned.
One such change is hiking the APR. Come February, credit card companies will only be allowed to raise the interest rate on a credit card if:
In what has to be one of the most outrageous exploits of this loophole First Premier Bank is rushing to abuse it’s card holder to beat the February clock – with a 79.9% APR!
I suppose it isn’t surprising, since First Premier Bank is a subprime credit card issuer and hence has a reputation for exploiting people with poor credit.
Here’s the loophole:
Beginning in February, fees are capped at 25% of the card’s limit. First P
RevolutionMoney has finally launched its highly anticipated RevolutionCard, which is a secure alternative to standard credit cards.
Why the RevolutionCard is Different
Examples include the fact that the RevolutionCard has no account number, name, or signature line on it. The payments are therefore authorized by entering a PIN number, similar to that of a debit card. To make purchases online or by phone, customers can simply use their PIN number. In other words, the cardholder does not have to provide an online retailer with a credit card number, thereby making the transaction more secure.
The RevolutionCard may act like a debit card, but customers receive the same rewards offered by standard credit cards. In fact, customers of the RevolutionCard are afforded plenty of loyalty programs, which include exclusive offers and discounts on many types of purchases.
Benefits of the RevolutionCard
The RevolutionCard was designed to combat identity theft that has plagued so many millions of Americans.
Prepaid credit cards are gaining in popularity, and their usage is expected to hit an all-time high this holiday season.
Prepaid credit card usage has always increased during the holiday season, and this year looks like it will be no exception. However, in addition to giving gift cards as holiday gifts, many consumers are turning to them for holiday purchases.
Prepaid credit cards, which often come with the Visa, MasterCard, Discover or American Express symbol, enable consumers to spend without the inconvenience of high interest rates and ATM fees. In addition, many consumers, who are simply fed up with the rising interest rates due to the impending legislation of the Credit Card Act of 2009, are simply abandoning their credit cards in favor of a simpler alternative.
In other words, all of the consumers that don’t want to spend the better part of next year paying off bulging credit cards are finding simpler ways to pay for holiday purchases; enter prepaid credit cards.
They allow consumers to “load” the card with a specified amount of cash so that it can be used like a debit card. They