Date: Tue, 9. March 2010 15:29:47

pAs you've probably heard, Monday was the first day under the new credit card rules outlined by the CARD Act. These rules have a far-reaching impact that will affect almost every consumer. Some of the biggest changes have to do with over limit fees and interest rate increases. These were two methods that credit card companies used to generate billions in revenue each year./p pHave you ever wondered why there's a credit limit on your card if you're able to still make a purchase that puts you over the limit? For the most part, it was so credit card companies could stick you with a $35 or higher over the limit fee. Granted, you shouldn't go over your limit anyway since that can severely impact your a title=credit score href=http://financialplan.about.com/od/creditdebtmanagement/a/FICO-Credit-Score.htmcredit score/a, but the fact that they allowed you to go over your limit and then charge you a fee to do so was a sore spot for many people. Now, that has all changed. The ability to spend above and beyond your credit limit is now an opt-in feature, so if you want to be able to charge more than your limit (which I don't recommend) you have to call your card company and request it./p pNot only was the over the limit fee a costly mistake for people, but the dirty trick of raising interest rates without warning and even applying it to your existing balance was even worse. Instead of just costing you a one-time fee for maybe $35 the increased interest could literally cost you hundreds or thousands of dollars. Thankfully, this is another rule that has changed to benefit consumers. Now credit card companies cannot raise the rate on existing balances. So, if you have a $2,000 balance that you acquired while your interest rate was 12% and your card company wants to increase your interest rate to 25% that new rate will only apply to new purchases, not your existing $2,000 balance./p pFor details on the rest of the changes and how they will affect you be sure to a href=http://clk.about.com/?zi=1/1hc#038;zu=http://credit.about.com/od/consumercreditlaws/ss/Credit-CARD-Accountability-Responsibility-Disclosure-Act-2009.htmcheck out the detailed guide outlining the CARD Act/a./pp style="background:#f5f3ef;border:1px solid #d5d0bf;clear:both;padding:.5em;"a href="http://clk.about.com/?zi=1/1hc#038;zu=http://financialplan.about.com/b/2010/02/23/new-credit-card-rules-take-effect-this-week.htm"New Credit Card Rules Take Effect This Week/a originally appeared on a href="http://clk.about.com/?zi=1/1hc#038;zu=http://financialplan.about.com/"About.com Financial Planning/a on Tuesday, February 23rd, 2010 at 11:51:47./ppa href="http://clk.about.com/?zi=1/1hc#038;zu=http://financialplan.about.com/b/2010/02/23/new-credit-card-rules-take-effect-this-week.htm"Permalink/a | a href="http://clk.about.com/?zi=1/1hc#038;zu=http://financialplan.about.com/b/2010/02/23/new-credit-card-rules-take-effect-this-week.htm#gB3"Comment/a | a href="http://financialplan.about.com/gi/pages/shareurl.htm?PG=http://financialplan.about.com/b/2010/02/23/new-credit-card-rules-take-effect-this-week.htm#038;zItl=New Credit Card Rules Take Effect This Week"Email this/a/p

Date: Wed, 5. November 2008 03:23:43

New Research Report by Mercator Advisory Group.United States credit card issuers are facing many challenges today. The weak economy and turmoil in the financial industry are making it harder for issuers to deal with the soaring costs of their reward programs. Rewards have become a key driver of card acquisition, usage, and retention. The pressure from the uncertainty surrounding the disputation and pending bill about interchange fees, which is the main funding source of card rewards, also pose a significant threat to the survival of today's credit card rewards programs. At the same time, consumers' needs and expectations are also changing, calling for credit card issuers to offer more attractive and relevant products and services. Merchants, while pushing for more regulation on interchange fees, also face their own problems to attract and retain customers and encourage spending. All these factors represent challenges as well as opportunities to the credit card industry. (PRWEB Nov 2, 2008) Read the full story at http://www.emediawire.com/releases/2008/11/prweb1556374.htm

Date: Wed, 16. December 2009 15:26:50

Credit Card Finder were the major sponsors of "Our Women, Our State" helping fund the 12 day road trip taken by Rebecca Halse and Kate Cantrell across the state, chronicling the stories of 150 Australian women from the state of Queensland, coinciding with Q150 celebrations. (PRWeb Dec 10, 2009) Read the full story at http://www.prweb.com/releases/credit-card-finder/our-women-our-state/prweb3305304.htm

Date: Mon, 7. July 2008 04:07:25

AmericanExpress.com - Starwood Preferred Guest® Credit Card Offer. American Express offers the Starwood Preferred Guest® Credit Card with the following perks: Earn 10,000 Starpoints® with your first purchase – enough for up to 3 fr

Date: Sun, 2. November 2008 04:29:33

AmericanExpress.com - Starwood Preferred Guest#174; Credit Card Offer. American Express offers the Starwood Preferred Guest#174; Credit Card with the following perks: Earn 10,000 Starpoints#174; with your first purchase #150; enough for up to 3 fr

Date: Sun, 2. November 2008 04:29:33

AmericanExpress.com - Starwood Preferred Guest#174; Credit Card Offer. American Express offers the Starwood Preferred Guest#174; Credit Card with the following perks: Earn 10,000 Starpoints#174; with your first purchase #150; enough for up to 3 fr

Date: Wed, 15. April 2009 03:46:54

Isn't it good that when you wake up from hibernation, everything in the world is better? A good portion of personal finance planning is about credit management, and that usually involves you keep track of your credit report and credit score, so as to m

Date: Wed, 31. December 2008 03:57:44

MY BANK TRACKER.com® offers it's users the opportunity to compare and review credit cards. (PRWEB Dec 22, 2008) Read the full story at http://www.emediawire.com/releases/mybanktracker-credit-card/2008-12/prweb1782994.htm

Date: Mon, 20. July 2009 15:28:27

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Date: Fri, 16. May 2008 23:31:36

Nowadays, given the developing credit crunch in the financial market, card issuers are slashing rewards and hiking rates, making it much harder for prudent spenders to get rewarded from card usage. Therefore, good credit card deals are few and far between these days, forcing us to settle for 1% or 1.5% cashback, or occasionally 5% rewards on grocery or gas purchases. In this regard, Citi CashReturns MasterCard, Citibank's newest addition to its credit card offerings, is a true godsend for people who want to get more rewards from good spending habits. Citi Cash Returns MasterCard's killer feature: 5% cashback on every credit card purchase for the first 3 months (and 1% thereafter). Thought the introductory period of 3 months is too short? Think again. If you charge $3,000 to a card normally, you can get $150 in cash rebate every month, or $450 in the 3 months' period. And if you happen to have a big purchase in mind for the coming month, 5% is yours without having to negotiate with any salesperson. This can be 5% off every vacation, every furniture or appliance purchase, every Christmas gift, or even every medical appointment (if you opt for paying your physician upfront and claiming with insurers later). The beauty of the reward program is there is absolutely no limit of the amount you can earn, allowing you to effectively shaving 5% of most of your monthly expenditure. And, if you have a family, applying another Citi CashReturns card under your spouse's name after 3 months, and you can be really proud of yourself for cutting 5% of your half-year budget for a few minutes' of work on the computer. Of course, this offer can only be lucrative for you if you pay off your balance every month. Otherwise, your cashback returns will be eroded by the financial charges you will incur down the road. Feel it is a great deal? You may apply today, or read PFBlog's full review of Citi Cash Returns MasterCard for a more informed decision. READ FULL POST ... Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.