Google Wallet Application Lets Phone Act as Credit Card

29 May 2011 | by Billy Miller | No Comments »

Google announced in a news conference on Thursday its release of a new application that will allow Android smartphones to act as credit cards. The application is called Google Wallet and will integrate credit or debit cards, loyalty cards, gift cards and others into a single application.

How Google Wallet Will Work

According to Google, the application will only work with Android phones from Sprint Nextel that have wireless chips built into them for tap-and-pay. The phones with the near-field-communications (NFC) chips built into them will have a special sticker on them. Older Android phones will be able to have the chip installed.

While Android owners will be able to use the phones in 311,000 stores worldwide that have installed MasterCard terminals, the phones are currently only being offered in New York and San Francisco for now to test the market more accurately.

Application Security and Fraud Concerns

When Google originally announced its plans to release the application in Nov. 2010, c

Full Post…

Museums On Us Bank of America: Free Museum Admission 2011-2012

28 May 2011 | by Porfirio Hillman | 2 Comments »

In times like these free entertainment is always a major plus, right? If you’re looking for something to do and don’t want to blow your hard-earned dough on a movie or meal, check out the Bank of America Museums on Us program – it gives you free access at over 150 museums!

Who qualifies? All you need is a debit or credit card from Bank of America or Merrill Lynch. You will also need to show your photo ID (like a drivers license or passport) that matches that name on your credit or debit card. One free ticket for admission per cardholder, per visit.

When can you go? The first full weekend of every month.

Which museums participate? This program has been around or several years and it seems to keep growing every year. As I write this, the Bank of America free museum admission was available at 152 institutions. Obvio

Full Post…

Take Advantage of Great Credit Card Offers by Citibank

27 May 2011 | by Billy Miller | No Comments »

Thinking about a new credit card? Now is the time to check out Citi! Three great offers expire at the end of May so there’s no time to lose.

Although CitiBank Platinum Select® MasterCard®, Citi Diamond Preferred® Card, and Citi Dividend Platinum Select® MasterCard have some basic similarities, there are differences between them so you can choose a card tailor-made to fit your needs.

Here’s the breakdown.

Citi Dividend Platinum Select MasterCard

  • Excellent Credit Rating for Approval
  • No Annual Fee
  • Great 0% introductory APR on balance transfers and purchases for 15 months
  • Amazing continuing cash back bonuses including 2% cash back bonus on all purchases made in the first 6 months and a 1% bonus on all purchase after that.
  • Using the online Citi Bonus Cash Back Center, you can average 5% unlimited cash back on purchases from over 400 retailers.
  • Cardholders can enroll in in a special, rotating category each quarter for a 5% cash back bonus. Until J

Full Post…

Banks Want Laws to Make it Harder for Some to Get Cards

25 May 2011 | by Mildred Matthews | No Comments »

Credit card issuing banks are lobbying federal regulators in an attempt to put restrictions on who qualifies for a credit card. Under their proposed changes, for example, if your spouse makes the family income but you stay at home and don’t draw a salary because you are raising kids or caring for a sick parent then you won’t be eligible for a credit card of your own.

The card companies argue that giving cards to people who do not have any verifiable income is a mistake, and that many people who fall into that category end up defaulting on their payments. Blaming this kind of credit for many of the recent problems with credit card delinquency and nonpayment, they say that they believe those who do not earn a paycheck should not be issued plastic.

The rules are expected to go into effect by the end of the year. So

Full Post…