credit card

Citi Finds A Way Around Credit Card Rules

Here’s a trick Citibank pulled before the Credit Card Accountability and Responsibility Act took effect last month in an effort to circumvent the new regulations.

Two of the act’s most important provisions require credit cards to:

Provide 45 days notice before raising rates, and the new higher rate can’t be imposed on existing balances, just new purchases.
Wait [...]

Could the C.A.R.D Act Lead to Credit Cards Backed By Gold Rather than Dollars?

The past has seen skyrocketing gold prices, as the dollar weakened during the financial crisis.

Chase Won’t Take ‘No’ For An Answer

Let’s say you get a notice that the interest rate on your Chase credit card is going up.

You send Chase a letter rejecting the increase and close the account so that you can repay your balance at the current, lower interest rate.
You’re done dealing with Chase, right?
Maybe not.
According a recent lawsuit, Chase has continued to [...]

Credit Card Inactivity Fees Could Rise Due to New CARD Act Rules

Credit card companies, facing losses in revenue from the new rules protecting consumers put forth today by the Credit CARD Act, are already looking for new ways to charge consumers for using their cards. One way to do this is to increase inactivity fees, forcing consumers to use the card more frequently or else pay a penalty.
Use It or Lose It (Or Pay For It)

Credit CARD Act Rules Go Into Effect Today

The second phase of the Credit Card Accountability Responsibility and Disclosure (CARD) Act goes into effect today, providing new regulations that protect consumers against high rates and fees from credit lenders. The Act also sets aside certain provisions to protect young borrowers, requiring a signature or proof that you can make your own payments in order to have a credit card, or increase the limit on you current credit card.
The CARD Act

Personal Finance Interview: Paying Down Debt with a Low Interest Credit Card

Everyone gets into financial trouble at some point, and it’s how you deal with it that determines if you recover. Here at MyBankTracker.com, we want to hear your personal finance stories, and share the steps you took, or are still taking, to get yourself out of debt.
This is not Brian
Our first story is from Brian, a financial professional from New York City, who was kind enough to share some of his banking habits and what he does to stay out of the red.

Verifone PayWare Mobile to Compete with Square for Mobile Payment Services

We knew that when Square announced its mobile credit card reader, competitors would spring up, we just didn’t know when. Verifone’s PayWare Mobile credit card reader, announced back in December, went live on the iTunes App Store this month with its software/hardware combination credit card reader for the iPhone.

New Credit Card Processing Systems Help Small Businesses Save Money

Did you know that when you use a credit or debit card to make purchases, it actually costs the retailer money? Credit card processing fees are one of the biggest challenges for small businesses, which don’t receive the same discount rates as larger businesses. These costs eventually trickle down to consumers, in the form of increased prices that help retailers offset processing fees.
Leap Payments

$8,000 in credit card sign-up bonuses (US only, updated on 1/7/10)

Bonus lists were updated on 1/4/10. Calculation of the total amount did not take in account the fact that some of these bonuses are for the same credit card.Personal accounts

New Fees for the New Year: Banks Struggle to Replace Revenue Lost Due to Credit CARD Act

Now that it is officially 2010, implementation of the new financial legislation that had been discussed in Congress for the past year is finally looming, and banks are struggling to wring some final dollars out of customers by raising their rates and engaging in other practices that will become illegal later this year.

The Credit CARD Act of 2009

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