5Vote!
Maryland Politics Watch (Free subscription) | 10/29/2009
... them to a County/State/Federal programs that might or might not help. It's not a very satisfying feeling. But I am aware of one easy way that my constituents can save some serious cash. And I think I owe it to your readers to share it far and wide. In advance of the stringent rules enacted by the Federal Credit Cardholders Bill of Rights, credit card companies are raising their rates. A lot. My...
8Vote!
Yourish.com (Free subscription) | yesterday
There are several things that seem completely basic, but apparently are not, regarding credit card debt. Number one, KNOW YOUR INTEREST RATE on every card. Two: READ YOUR MONTHLY STATEMENTS, including the interest rate, which can change at any time. Three: Before you transfer to the zero percent interest rate card, READ THE FINE PRINT. Is the balance [...]
3Vote!
Credit finance guide (Free subscription) | 11/23/2009
... it results in two credit cards with debt. A cleverer decision would be to get a credit card with balance transfer option and to transfer your debt balance to it from your first credit card. Don’t forget to check it for any balance transfer fees. Some bonuses and incentives of the credit cards can make your life more enjoyable and easy, if you choose...
5Vote!
Fool.com (Free subscription) | 11/16/2009
... it sent. So you'd think the offer to follow would be pretty sweet, right? Wrong. The terms are:Transfer $3,000 or more by Dec. 10. Receive a special rate of 9.99% on this balance transfer until Jan. 1, 2011. (Technically below my current "purchase rate.") In addition, effective Dec. 20, the "special rate" becomes effective on all existing and new purchase balances until...
7Vote!
naked capitalism (Free subscription) | 11/19/2009
Many readers have complained of credit card issuers raising interest rates on their cards, even if the customer has pristine credit and never or rarely carries a balance. Now we are finally seeing some efforts to see how significant this is across all card users. A Rasmussen survey puts the total at 50% of all [...]
3Vote!
Financial Works (Free subscription) | 11/10/2009
... zero percent credit card deal as way to attract potential business or to convince a customer to transfer a balance from a higher interest rate credit card. These offers are usually successful and as a result customers will transfer their balance from another company. The end result is that the company offering the promotion gets more business and more money. High interest...
7Vote!
Time (Free subscription) | 11/09/2009
Whether you've got one credit card in your wallet or 13, whether you carry a balance or always pay your full bill on time, big changes happening to the way banks and credit card companies do business will affect you. What can you do? At the very least, you really ought to take a few seconds to read notifications from your credit card issuer that come in the mail, rather than automatically tossing...
5Vote!
WalletPop Blog (Free subscription) | 11/04/2009
Filed under: Banks In an interview with KMBC's Donna Pitman , First Lady of Personal Finance Suze Orman trashed the big banks for inexplicable fee and interest rate hikes on consumers -- and offered a ringing endorsement of credit unions. "Don't get me started with these credit card companies, these banks -- it's like, 'What are they thinking?'" Orman said. "Here's the answer: Credit...
5Vote!
Boston Herald (Free subscription) | 10/27/2009
... the fine print. Smart consumers are always looking for a lower rate of interest on a credit card balance, but what you may be missing are the balance-transfer fees. Some companies may charge you a 3 percent balance transfer fee on top of the percentage they already will take to carry the balance.Cash advances are often coming with an initial fee...
3Vote!
New Finance (Free subscription) | 10/24/2009
... percent credit card deals as a way to attract potential customers or to simply get a customer to transfer a balance from a high interest credit card. More often than not, the customer will transfer a balance from another company which results in more money for the company that is offering the promotion in the first place. It is a fact that these offers are very attractive...
3Vote!
Financial Works (Free subscription) | 10/24/2009
... of reasons which include attracting potential business and gaining a new customer that will transfer a higher interest rate balances. More often than not, these offers are a successful advertisement and the company will gain new business. The customer gets to take advantage of a great interest rate and the creditor gets more money. It can be a win-win situation for both parties...
