Credit Cards

3 Reasons to Read the Terms & Conditions on Your Credit Card

11 May 2012 | by Billy Miller | No Comments »

Like most Americans, you probably dont thoroughly read through the credit card terms and conditions when you open a credit card account or when you receive updates regarding the terms in the mail. However, youre doing yourself a serious disservice by ignoring them.

Often, these updates to your credit cards terms indicate ways your card issuer can charge you more money. In other words, if you arent aware of these changes, you could unknowingly rack up additional fees, or even damage your credit.

Look out for these common ploys:

1.

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Tags: Card Credit Card

The Approved Card by Suze Orman: Not Just Another Credit Card

04 May 2012 | by Billy Miller | No Comments »

Our first reaction to the announcement that Suze Orman and MasterCard® had created a new credit card was definitely cynical. We thought “Here’s another example of a well-known personal finance expert, who supposedly is all about helping people get out of debt and increase their financial standings, taking advantage of devoted followers just to add to her own coffers.”

After investigating The Approved Card® by Suze Orman, we had to admit my initial reaction was wrong. The Approved Card is not a credit card at all, but is a prepaid card that works wherever debit MasterCard is accepted. That means people who enroll for The Approved Card cannot create more debt simply through its use as you can only spend the amount of money the card is loaded with.

There are several options on loading the approved card. First, the card allows the consumer to set up direct deposit to load the card. The ser

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Do I Have to Marry My Spouse’s Credit Cards?

23 Mar 2012 | by Billy Miller | No Comments »

I don’t have credit cards, and don’t want them. I used to have really bad credit because I got a card in college that I didn’t pay. That was a long time ago, and it’s not even showing up on my credit record anymore. I owe $30,000 in student loans that I’m paying back. I just have a debit card with my bank, and that’s fine because it won’t get me into any trouble.

I’m getting married in August, and my future wife has credit cards. When we get married, will they be mine too? Can I use them? When will they show up on my credit report? If she has really good credit (I think she does), does that mean that mine will be better too?

Before you tie the knot, I’d like you to take a crash course in credit. And I just happen to have one in my pocket…

Lesson No. 1: Debit cards are

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Tags: Cards Credit Cards

5 Ways to Avoid Paying Taxes with Credit Cards

28 Feb 2012 | by Billy Miller | No Comments »

As April 17 approaches, many Americans are likely facing the fact that they owe more in taxes than they are able to pay.

“One of the biggest problems we get questions about this time of year are from people owing more in taxes than they thought,” says David Jones, President of the Association of Independent Consumer Credit Counseling Agencies (AICCCA). “Most people are asking which credit cards to use or whether to get money out of their 401(k) to pay their taxes. Unfortunately, those are the last two things you want to consider.”

The consequences of convenience Using credit cards to pay taxes is tempting because it’s quick and convenient. The IRS website features a list of services that lets you pay taxes via credit cards. However, those payments come with service fees ranging from 1.89 to 2.35 percent. Add credit

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Tags: Taxes Taxes Credit

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3 Reasons to Read the Terms & Conditions on Your Credit Card

1.

The Approved Card by Suze Orman: Not Just Another Credit Card

Do I Have to Marry My Spouse’s Credit Cards?

5 Ways to Avoid Paying Taxes with Credit Cards

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