Archives for: July 2006

Credit Cards: Friends or Foes?


31st July 2006
Proceed with Caution When You Sign Up for a Credit Card An offer for your very own credit card? Just think, you could take advantage of the sales that always come the week-end before your paycheck does; your friends would be impressed beyond belief; and… more »
Technorati tags: credit card newscredit cards

Better oversight needed for federal credit cards


26th July 2006
Years ago, a New York-based furrier had a good thing going selling "woodland kitty" coats that wore well but cost a lot less than mink. All was well until somebody -- possibly a disgruntled employee -- blew the whistle and told the tabloids that a woodla… more »
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Canadian detained after 2,232 fake credit cards found in Malaysia: report


26th July 2006
KUALA LUMPUR, Malaysia (AP) - A Canadian man was caught in northern Malaysia's Penang state with more than 2,200 counterfeit credit cards believed destined for countries around the world, news reports said Tuesday. The 32-year-old man, whose identity wa… more »

Study Tracks Student Use of Credit Cards


20th July 2006
More than half of college students have at least one credit card that is billed to them, a new study says, and about a quarter of those students have used their cards to pay tuition. Overall, more than four in 10 student cardholders carried a balance fr… more »

The UK's Most Dangerous Credit Cards!


20th July 2006
According to banking payments group APACS, the majority of the UK's 32 million credit card holders don't use their credit cards to borrow. However, although most of us pay off our credit-card bills in full most months, a sizeable minority are unable to… more »

Think before opening store credit cards


17th July 2006
Having too many can bring trouble No interest or payments for a year! 25% off purchase! Free gift cards! The latest pitches to open store credit card accounts can be alluring. And there's no shortage of offers. Determined deal-makers on any given day c… more »

Some Students Add Debt With Credit Cards, Report Says


17th July 2006
A brief report issued on Friday by the American Council on Education highlights data on college students’ use of credit cards from the 2003-4 National Postsecondary Student Aid Study. The report notes that more than half of undergraduates who are depen… more »

Advocates Rip New Fed Report on Credit Cards


11th July 2006
Consumer advocates say a new Federal Reserve Board report about the issuing of credit cards is overly protective of banks. Advocates claim that banks are targeting consumers with low credit scores in order to charge higher rates and fees without first de… more »

There's good and bad with store credit cards


11th July 2006
They offer extra savings, provide a heads up on special sales coming up and they can also be an easy way to establish credit history. But they're best avoided by consumers who can't pay off the balance because they have higher interest charges than bank… more »

Web gambling under attack: US Congress to ban credit cards for paying online bets


11th July 2006
Gamblers who prefer their laptops to blackjack tables won't like what Congress is doing. On Tuesday, the House plans to vote on a bill that would ban credit cards for paying online bets and could padlock gambling Web sites. The legislation would clarify… more »

CHECKLIST: Store cards: Pros, cons


07th July 2006
Are store credit cards worth signing up for? Here are some tips on how to manage the store credit card issue, compiled by The Associated Press: Only sign up for store cards that give the best deals or immediate savings. For example, if a customer is buy… more »

Credit Card News Briefs


05th July 2006
Credit cards confiscated for buying child porn on internet PEOPLE who use credit cards to look at child pornography on the internet could have their plastic confiscated under changes to the law being proposed today. The government has begun moves to all… more »

New Coca Cola Vending Machines Accept Credit Cards


05th July 2006
Soon you'll be able to buy Coke on credit. Coca Cola, the popular soft-drink maker, will soon unveil 1,000 vending machines with credit card access in Philadelphia. The Philadelphia Coca-Cola Bottling Co. machines will accept MasterCard's PayPass "cont… more »

Plastic fantastic - the future of credit cards (UK)


05th July 2006
It's been 40 years since the first UK credit card Shortly before Bobby Moore lifted the World Cup at Wembley 40 years ago, a small team of people in a converted Northampton shoe factory realised they were about to change the way people shop in the UK -… more »

BusinessFinance.com launches resource showing businesses how to establish business credit cards


03rd July 2006
BusinessFinance.com has launched a resource that shows businesses how to establish business credit cards without using the owner’s social security number. This is one of the necessary steps every business owner must take to separate their personal credit… more »

40th Anniversary of The Credit Card: Card has lead to a 'Consumer Revolution' (UK)


03rd July 2006
The way consumers pay for things has undergone a revolution since the first credit cards were introduced in 1966. Forty years ago the vast majority of people used cash to pay for everything, with just one in four Britons even having a current account. I… more »

Are Store Credit Cards Worth It?


03rd July 2006
Q: Are store credit cards worth signing up for, and how do I keep from getting so overwhelmed by it all? A: It seems that every time shoppers go to a store, they get bombarded by offers to sign up for a store credit card, and it can be so confusing.… more »

Financial Independence: Credit Cards - a Help or a Hindrance?


03rd July 2006
Precept Financial Solutions discusses how credit cards can be a double-edged sword in building financial independence. Precept Financial includes a quick self quiz for you to test your credit card debt management savvy. Independence is an important part… more »