Credit Cards

5 Things You Should Never Charge On Your Credit Card

August 25, 2011

It’s tempting, that’s for sure. When faced with a huge expense, a credit card feels like a guaranteed fallback. Be careful of falling into that line of thinking, though. It can be more harmful than anything. Sure, there are reward programs falling out of the sky these days, and cash rebates, as well as the [...]

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Paying By Smartphone – Convenience or Curse?

February 12, 2011

Imagine. You saunter through the doors of your favorite store. Pick out some great smelling perfume, throw in some great lipstick and a beautiful looking scarf to boot. As you approach the check out counter you simply wave your cellphone. In a flash the price is debited from your bank account and you’re on your [...]

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When it Comes to Financial Freedom, Cash is King

June 3, 2010

This article is part of our 12 Keys to Lasting Wealth Series – (Key 4: Make Simple Changes to Reach Financial Freedom). We’ve been talking about making simple changes to achieve financial prosperity. I love simple changes. They allow you to leverage relatively minor efforts into super-sized results. In the last post, I discussed how [...]

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When Do You Stand Up To Store Abuse?

February 22, 2010

“You have to purchase $5 worth of stuff to use a credit card.” I barely heard the cashier as she handed my card back. – “What?” “Sir, we have a five dollar minimum for credit cards.” Normally, I would have just slipped the credit card back in my wallet, taken out a couple of dollars, [...]

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How Credit Card Companies Became Modern Day Loan Sharks

February 25, 2009

Watch out. Your credit card rate interest rate could rise DRAMATICALLY. Over the past three months banks have been increasing credit card rates to astonishing levels. People are seeing 8% credit card rates rise to 25% or more practically overnight. Worst yet, even people with stellar payment histories and great credit scores are seeing their [...]

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Costly Stealth Credit Card Tricks

February 13, 2009

Credit cards are implementing sneaky changes that will cost us dearly. Ironically, they are making these changes right in front of our faces without our even realizing it. How? The terms and condition of credit card agreements allow credit card companies to make binding changes to your card agreement with just a simple written notification. [...]

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The Credit Card Late Payment Trap

November 30, 2008

Being late with a credit card payment can be extremely costly. Yet credit card companies are making it harder than ever for you to pay your bill on time. Make a payment even one day late and you could trigger an onslaught of penalties. First and foremost, most credit card companies will charge a late [...]

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