What are the advantages of using a credit card?
Credit cards can be an essential aspect of modern living. Without them, many people would be unable to even out the bumps in their monthly finances and when used sensibly they can provide a useful service for the modern household. However, credit cards high interest rates carry higher rates than secured loans, and hefty charges [...]
Additional Reasons to Use a Rewards Card
If you have excellent credit, even in today’s tight financial market, there is no reason to pay to use a credit card. In fact, many credit cards offer generous reward programs that you could benefit from, depending on your current interests. For instance, if you travel, the days of visiting a foreign country and paying [...]
FREEDOM!!!!
Do you know what freedom feels like? It’s an amazing feeling! There’s nothing holding you back. Nothing following behind you. Complete freedom. Liberty. Independence. Dependence on God alone and not on credit cards, auto loans or payday loans. I just sent my final two credit card payments today and I am now completely debt free! [...]
My Credit Card Company Called Me!
So I saw an unrecognized number ringing on my cell phone. Normally, I don’t answer unknown numbers, but I didn’t have anything to do at the moment so I answered it. Well, what do you know? It was my credit card company calling to do a customer satisfaction survey. It was about the phone call [...]
Don’t Get Bit by Snakes
I know what you’re thinking. What are snakes doing on a Christian Finance blog? Well, there’s a saying that says that if you play with snakes, you’ll get bit. Dave Ramsey even uses it to describe credit cards. Well, I’ve got a great “bit by snakes” story for you. As many of you know, I’m [...]
New Credit Card Laws Protect Consumers
President Obama signed into law today credit card reform that was long overdue (no pun intended). The legislation had bipartisan support in the House and Senate and President Obama has been pushing it for a while. The legislation passed despite opposition from the credit card industry and I’m glad it did. These credit card companies [...]
Get Your Free FICO Score Now!
MyFICO is offering a free 30-day trial of their FICO Score Watch which offers 2 free Equifax FICO scores and credit reports! Each FICO score is worth $15.95! This is the real FICO score that most banks and lenders use today. Your score will be pulled on the day you sign up and you get [...]
Black Friday is Fast Approaching
Black Friday, the traditional kick-off to the Christmas shopping season, is fast approaching in a couple weeks. I go every year and camp out on Thanksgiving night after dinner. Some of the ads are already out at bfads.net. So far, I’m a little disappointed in the “deals”. But, some ads are not available yet so [...]
Quick Tip: How to Double Your Warranty Instantly
Here’s how you can double your warranty on many items that you purchase. Use your credit card. That’s right. I do disagree with Dave Ramsey on some things (although I agree more than I disagree). Credit cards can be a tool if used correctly and this is one example (out of many examples). Many of [...]
Citigroup Puts an End to Universal Default
It’s very refreshing to hear news of a credit card company actually doing something positive once every blue moon. Citigroup, which is the third largest credit card issuer in the U.S., said that it is essentially getting rid of universal default. Universal default is a clause on credit card agreements where a credit card issuer [...]
Do you carry 10 or more credit cards?
In a recent article at MSN Money, a study found that 1 in 7 (14.3%)Americans own 10 or more credit cards! The average American has 4 credit cards and the average credit score is 674. Where do you stand? What’s your FICO credit score? How many credit cards do you have? How many do you [...]