Posts Tagged With 'Card'

Weighing In on Consumer Agency’s Action on Upfront Card Fees

By Jasmine Pinschof  May, 03, 2012  

Updated: Friday, 6:40 p.m. to add bureau comment.

I wrote a story for Thursdays paper about a Consumer Financial Protection Bureau proposal that would actually make it easier for credit card issuers to charge hefty upfront fees.

To quickly recap: A relatively new law said that credit card issuers had to limit the fees they could charge to borrowers in the year after the account was opened. So after some card issuers started charging application or processing fees before consumers’ accounts were opened, regulators added a rule applying the fee limit to those upfront charges, too. T

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Credit Card Rewards Are Better than Ever

By Jasmine Pinschof  Mar, 25, 2012  

Weve been covering the rapidly improving quality of credit card reward offers in the U.S. in a series of articles on our blog for the past year. And its been quite a story. Card issuers began ramping up their rewards programs somewhere in late 2010, even as their charge-off and delinquency rates were still at near record-high levels. Then the issuers gradually whipped themselves into a rewards frenzy, frantically trying to outdo the competitions latest incredibly attractive offer. The result is that Americans with very good credit scores are now getting the best credit card offers ever.

Ruth Simon has done a lot of work to bring us up to speed on the current state of affairs in an excellent piece for the WSJ and she finds that credit card rewards programs just keep getting better.

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A New Credit Card Lets Customers Make The Rules

By Jasmine Pinschof  Mar, 02, 2012  

The product development team at Barclaycard is well aware that banks don’t rank very high in the realm of public opinion. So they’ve created a new kind of credit card that tries to put you, the cardholder, in the driver’s seat.

Its calling the new card   the Barclaycard Ring MasterCard the first social credit card, one that will be shaped by its cardholders feedback. And this isn’t simply about personalizing your plastic with pictures of puppies and kittens or picking a convenient payment date. Barclaycard is taking matters a step further: it’s pulling back the curtain on its profit and loss statements — and it says it’s going to let consumers collect a share of the profits.

You might be thinking, as I was, ‘I barely have time to pay my credit card bills. Now you want me

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CitiBank Credit Card Offers – DEC 2011

By Jasmine Pinschof  Dec, 10, 2011  

Despite news this week of CitiGroup, the parent of CitiBank, slashing close to 5,000 jobs in the upcoming months, its credit card division continues to flourish. Blaming the cuts on unprecedented market conditions, it appears the conglomerate is banking on several new credit card offers, including the Citi Thank You card. Here are a few more of the current offers and promotions, courtesy of CitiBank.

This credit card offer comes with several perks, including 40,000 Hilton HHonors bonus points after spending $1,000 in your first four months of opening your account. Wondering what that equates to in terms of hotel stays?

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Reader Question – Does canceling a secured credit card effect crdit score?

By Oliver Dalrymple  Nov, 29, 2011  

Its QA time again. This one comes from Avacodo who is asking

If you start out with a secured credit card to build credit and you get your credit build up, and you are approved for a unsecured credit card. is it better for your credit score to cancel the secured card or should you keep it because its your oldest card?

Answer: 1. Ask if current CC company if they are willing to unsecure it (if you already have an acceptance offer for another CC, it may even be worth to mention that to them)2. If yes great. Also ask for a credit limit increase.3. If no keep it. Let it sit with a very small monthly balance. Use it to buy gas and food, small stuff. Accept the new unsecured credit card, establish it with 2 years of clean repayment history.4.

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Q&A – How to transfer money from my Chase Credit Card to bank account?

By Oliver Dalrymple  Sep, 27, 2011  

Many of you might be asking this same question so Im posting with the answer here. Enjoy. The question is from Jake

I want to transfer money (about $200 or $300) from my US Chase Credit Card to an Indian Bank account. How can this be done? What are all the fees and what is the total? Btw, I am currently in India and I want rupees.I tried investigating on Google, ( believe me, for 2 days ) and the pages I found was VERY complicated, so please answer!

Answer: The APR to take out cash from your credit card are ridiculously high! I would contact chase bank and ask them. For instance, for me if I were to take out any money from my chase credit card I will have 25% APR on it Yeah, not worth it.

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A Credit and Debit Card: 2 Cards in One

By Jasmine Pinschof  Sep, 27, 2011  

Its one of those things that makes you wonder why it wasnt available before. Fifth Third Bank has just introduced Duo, a piece of plastic that works as both a debit card and a credit card.

Fifth Third, based in Cincinnati, says that while various institutions have been testing the cards, it is the first to formally offer it to consumers. Research with its own customers suggested that there was a significant demand for the two-in-one cards, said Stephanie Honan, a spokeswoman for Fifth Third. Many customers use both type of cards debit for smaller purchases, say, and credit for larger purchases they want to pay off over time. So, she said, customers like the idea of being able to choose credit or debit while carrying just one card.

Heres how it works: First, you have to have a checking account at Fifth Third, since debit cards are linked to checking accounts.

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Chase Credit Cards Finding the Most Desirable Credit Card

By Oliver Dalrymple  Aug, 25, 2011  

Many consumers across the country have Chase credit cards. Chase is among the most well known financial institutions that offer credit to individuals. To acquire a credit card there is, of course, an approval process. There are several things you can use to boost your odds of acquiring a charge card from this financial institution.

Getting one of the many Chase cards is similar to getting any card. An application has to be submitted, no matter if its over the internet or by postal mail. Nowadays most consumers select the Web option, mainly because it usually lead to faster processing.

Obtaining a charge card from Chase really should be easy if you have a current overall credit score of at least 720 and without any serious flaws on your credit profile.

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