Posted on Thursday, 27th November 2008 by Nicole
Credit Card Forum wishes you and your family a happy Thanksgiving!
Despite troubling economic times, it’s important to remember that we all have much to be thankful for. With employment and housing concerns at an all time high, and many of us experiencing the problem first hand, we can still be thankful for all that we [...]
Tags: happy thanksgiving
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Posted on Saturday, 22nd November 2008 by CreditCardGuru
Credit and debit card payments have become a beneficial simplified method of payment for consumers, but how about for charities that rely on donations from spare change? With card usage now exceeding cash payments at most stores, customers often no longer have coins to donate when they are leaving a store.
This has led to fewer [...]
Tags: charity, credit card processing fees, credit cards, salvation army
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Posted on Monday, 17th November 2008 by Nicole
Credit cards were created over fifty years ago, long before there was such thing as the personal computers, the internet, and of course online shopping. The credit card industry has tried adding security codes and using elaborate fraud detection algorithms, but credit card fraud still thrives everyday. Even though the actual cardholder is never responsible [...]
Tags: credit card fraud, credit cards, online credit card fraud, visa
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Posted on Thursday, 13th November 2008 by CreditCardGuru
Just days ago we reported about a proposal by the financial institutions to set up a program which would forgive up to 40% of consumers credit card debt if they were underwater with payments.
The Office of the Comptroller of the Currency, which regulates banking, came back and said:
The agency does not consider any plan that [...]
Tags: bailout, credit cards, credit crunch, debt relief, financial meltdown
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Posted on Sunday, 9th November 2008 by CreditCardGuru
Most financial institutions are struggling left and right, but others apparently are not - such as the case with Kazkommertsbank, who has recently announced they will be issuing a diamond inlaid credit card for their richest customers.
The Diamond credit card will have a 0.02 carat diamond embedded in its center. But the $1,000 annual fee [...]
Tags: credit cards, diamond credit card, mastercard, mastercard diamond
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Posted on Wednesday, 5th November 2008 by CreditCardGuru
The day after the election, turn on any news station and you will hear all the talking heads trying to figure out exactly how Obama ran what may have been the best presidential campaign in the history of the United States. Of course there are many reasons for the success, but as funny as it [...]
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Posted on Sunday, 2nd November 2008 by CreditCardGuru
Banks advocating debt forgiveness? That’s a line you’d never expect to hear. But in an unusual move, banks have joined forces with consumer advocates to pitch a proposal to the government, where up to 40% of an individual’s credit card debt would be forgiven. The remainder could be repaid over several years at a favorable [...]
Tags: credit cards, credit crunch, debt consolidation, mortgage meltdown
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