Posted on Tuesday, 28th July 2009 by CreditCardGuru
Next time you are paying for your big gulp at 7-11, the cashier will probably be asking you to sign a petition. From coast to coast, this chain of convenience stores is protesting what’s known as credit card interchange fees a.k.a. the transaction fee when a credit card is processed. These amounts include a flat [...]
Tags: 7-11, credit card interchange fees, petition
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Posted on Wednesday, 22nd July 2009 by CreditCardGuru
Any company related to the financial industry has gotten quite a bit of negative press as of lately. However, for Visa, times are good. According to their most recent quarterly report, earnings are up 40% when compared to the same quarter one year ago. How is this company growing while the rest of the sector [...]
Tags: visa credit cards
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Posted on Wednesday, 15th July 2009 by Sam
What is the biggest credit card purchase in history? Here’s the answer… sort of…
Imagine opening up your monthly credit card statement to discover that you owe $23 quadrillion dollars! Well, around 13,000 cardholders of Bank of America’s prepaid cards saw exactly that - an amount that is more than the entire planet’s GDP! Of course, [...]
Tags: bank of america, credit cards, visa
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Posted on Saturday, 11th July 2009 by CreditCardGuru
With gas stations coast to coast, it comes as no surprise that the Chevron credit card is one of the most widely issued gas cards in America. But be warned… before you fill out an application to get your own, there are a few important things you should know. Is the card a scam? No, [...]
Tags: chevron credit card, chevron gas card, chevron texaco cards
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Posted on Tuesday, 7th July 2009 by CreditCardGuru
Many are asking why Citi raised their APR - often for no reason - to a higher interest rate. Well, you are not alone. They have raised rates on up to 15,000,000 US accounts. After the Financial Times broke this story, Citi responded claiming they are the rate hikes were part of their “regular account [...]
Tags: citi, credit cards, interest rates
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Posted on Thursday, 2nd July 2009 by CreditCardGuru
Wouldn’t it be great to have a cash back debit card? In fact, that is the sole reason many consumers pay with credit cards - not because they need to carry a balance, but because they want the cash back. So if you are one of these types of spenders, the idea of debit card [...]
Tags: cash back debit card, debit card rewards
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