Mike over at The Wealthy Blogger writes a good post about Minimum Payments and whether you should pay them on your credit card:
‘Many people out there pay whatever the minimum monthly payment is on their credit card statements, decreasing their payments as their balance drops. This is a sure way to pay far too much […]
‘Japanese mobile phone carrier NTT Docomo Inc. announced Wednesday (April 27) it would implement a phone-based credit card service that expands the function of its Mobile Wallet prepaid electronic money service.
NTT Docomo will collaborate with Sumitomo Mitsui Financial Group Inc., Sumitomo Mitsui Card Co. Ltd. and Sumitomo Mitsui Banking Corp. to establish a platform for […]
‘Over the next year, the federal government is requiring all banks to raise the minimum monthly credit card payment from two to four percent of the balance owed.
When a payment is received, banks first deduct their fees and the month’s interest. Then, what’s left over goes to pay off the principle owed.
Most cards are issued […]
‘Some time this year, you will be able to get a credit card that’s meant for your pet. If you are shopping for dog biscuits or a dog shampoo or a collar for your dog, your neighbourhood pet shop will allow you to swipe this free form cards to pay for your purchases. The card […]
‘More than half of Japan’s 85 million mobile phone users could soon be ditching the plastic and using their handsets as electronic credit cards.
According to reports, NTT DoCoMo, Japan’s biggest mobile phone company, is in the final stages of talks to expand its mobile payment services with at least one leading credit card company.
DoCoMo sources […]
‘There are two ways to interpret most personal finance surveys.
Junior Achievement and The Allstate Foundation recently released their latest “Teens and Personal Finance” poll, which showed that 11% of teenagers have credit cards in their own name. Moreover, the poll showed that 6.2% of teens aged 13 and 14 have their own cards.
The second way […]
‘Roughly 2.0 to 2.5 million Americans seek the help of a credit counselor each year, mostly to avoid bankruptcy.
From 1990 to 2000, the number of Americans seeking the help of a credit counselor doubled.
In two thirds of the counseling cases, the individual is referred to a budget counselor, financial advisor or a social worker.
Many individuals […]
This is a very disturbing trend, yet another announcement by a major retailer that the credit data was once again exposed. In an AP article, data was stolen from Polo Ralph Lauren Inc. and HSBC North America is starting to notify holders of their General Motors-branded MasterCards that their credit card information may have been […]
‘Discover Financial Services Inc. today joined Mastercard International and Visa U.S.A. Inc. in confirming that some of its card holders were also affected by a security problem involving a point-of-sale (POS) system at retailer Polo Ralph Lauren Corp.
A spokeswoman from Discover said that the company has been informing affected card holders of the problem but […]
‘Switching credit card providers to take advantage of interest-free introductory deals, a boon for many in debt, could be on the way out after research found the practice costs the industry billions.
Professor Merlin Stone of the Bristol Business School said on Tuesday some issuers will not be able to sustain the estimated 80 million pounds […]