2008 April | CreditCardBubble.com

Credit Card Interest Rates on the Rise

Tuesday, April 29th, 2008

USA TODAY reports, “Credit card rates hustle higher“, in an article that describes what banks are doing to make up for losses on consumer lending and home loans. Some credit card customers’ interest rates are being increased by 100%. And good credit scores don’t seem to matter according to the article. It’s not looking pretty.

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Tags: credit card debt, credit scores, interest rates
Posted in Credit Card Interest Rates | No Comments »

Schedule Automatic Credit Card Payments

Saturday, April 5th, 2008

How do you avoid making late fees on your credit card accounts? Make credit card payments on time.

How do you make sure you’re never late? Schedule automatic credit card payments.

Most credit card companies allow card holders to schedule automatic payments that are deducted from a checking account. While you might be concerned about giving your credit card issuer access to your checking account, if your credit card issuer allows scheduling automatic payments with a preset amount, this limits the monthly payment to the amount you authorize.

Scheduling automatic payments prevents you from paying late and incurring a late payment fee. If your credit card issuer allows it, automatic payments can make your financial life a little bit easier.

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Tags: automatic payments, credit card holder, credit card issuer, late fees
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Credit Card Convenience Checks

Tuesday, April 1st, 2008

You have probably received credit card “convenience” checks without requesting them. They may have arrived with your monthly statement. Or maybe they arrived all by themselves before school starts, before Christmas or anytime your credit card issuer wants to generate additional revenue.

And they probably came with an enticing, inviting letter containing a compliment similar to, “Because of your good credit, you deserve these convenience checks.”

Credit card convenience checks are mostly convenient for your credit card company. For card holders, the checks hold more risk than reward. Here are some tips about protecting yourself from the potential negative outcomes of credit card convenience checks: