Ever hear of the Schumer Box? It’s actually an important piece of information that you will find in a credit card application and something you need to be aware of when considering a credit card.
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Credit Card Use and Reviews
Credit cards can be a gateway to debt but can also be a powerful personal finance tool. See articles that will teach you about credit cards,keep you up to date on credit card rules, show you the best credit cards, as well as show you reviews.
My First Credit Card – And The High It Gave Me
It’s been many moons but I remember my first credit card. It was a retail card for A&S (remember that store?). I forget what I was buying (a sweater maybe?) but there was a discount offered if you signed up for their card. “What they hey,” I thought. Why not sign up and see what happens? So I did. And a few minutes later I was the proud owner of a new credit card! Ahh, memories.
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More 0 Percent APR Credit Card Offers Expected
SmartMoney is reporting that we should expect to see more 0% APR credit card offers available for those who have credit scores of 720 and above. Balance transfer offers are also on the rise.
It wasn’t long ago that credit card companies cut out 0% APR offers and balance transfers since those with better credit tended to also be less profitable as they usually paid off their balances. According to the SmartMoney article, credit card issuers are hoping that the more credit-worthy will spend with their new cards and keep a balance beyond their introductory offers.
Here is what we can expect from these new credit card offers (from SmartMoney);
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Does Your Kid Deserve A Credit Card?
If the thought of your 18-year-old on the loose with plastic in hand terrifies you, you likely share the sentiment of many parents in the same situation.
Lawmakers seem to agree as well, which is probably why the Credit CARD Act of 2009 has made it much harder for young adults age 18 to 20 to obtain their own credit card.
Under this new act, anyone under the age of 21 has to meet a few extra requirements before being granted a line of credit. They either have to either prove their income is high enough to pay off the bill or have someone over the age of 21 with sufficient income and credit co-sign (i.e. Mom or Dad).
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Pay For Amazon Purchases With AmEx Membership Rewards Points
Do you shop at Amazon? Do you have an American Express card that earns Membership Rewards points? Great news! Amazon now accepts AmEx Membership Rewards points as payment (for most items).
In order to use your Membership Rewards points on Amazon you need to register your American Express card with Amazon. It’s a one-time registration and it’s real easy to do.
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