Comments for Credit Card Help Topics

Comment on Pay With A Credit Card You'll Be Rewarded by Jason

Jason — Tue, 24 Aug 2010 13:59:08 +0000

I use my cash back rewards card for any purchase that allows me to pay with a credit card. My logic is, as long as I have the money to pay the bill, why not get paid for using the card vs. cash.

Comment on How Credit Savvy Are You? Take Our Credit Score Quiz by admin

admin — Mon, 23 Aug 2010 16:27:32 +0000

While that used to be true, the recent inception of the CARD Act has changed that stance. Credit Card companies are now required to notify customers of any changes when it comes to thier account at least 45 days in advance so that you are aware and can determine at that time if you would like to continue with the card.

Comment on How Credit Savvy Are You? Take Our Credit Score Quiz by Brian Cooper

Brian Cooper — Fri, 20 Aug 2010 22:01:22 +0000

How about the most important question of all: Can credit card companies lower your credit limit at any time, without any advance notice–completely without any missteps on your part–thus causing your credit score to plummet?

Why, the answer to that would be an emphatic YES!

So this renders points 1-8 completely irrelevant.

‘Nuf said.

Comment on Editor's Pick: Best 0 APR Balance Transfer Credit Cards 2010 by Rody

Rody — Thu, 05 Aug 2010 10:35:56 +0000

Credit card companies are not only continuing to offer 0% APR balance transfer credit card deals lasting as long as 18 months, but many companies actually improved balance transfer offers at the start July. Compared to the same period last year, the length of 0% deals is nearly 3 times longer.

Comment on Credit Card Numerology: The Luhn Formula by Mike M.

Mike M. — Thu, 22 Jul 2010 13:26:46 +0000

This always makes for a good article. I would add a number 6 to your example and point out the result of the division is the check digit, which is usually made the last digit of the card number.

Also, a correction, the first 9 digits of Visa and MasterCard’s represent the issuer: The first 6 are assigned the institution, and digits 7-9 can be used as sub-ranges within the issuer’s range.

Comment on Help Pay the National Debt with Your Credit Card by cc

cc — Mon, 21 Jun 2010 16:17:34 +0000

I “donate” enough to help pay the debt already through taxes, lol. This is the most ridiculous thing I’ve ever heard,

Comment on Fed's Credit Card Database Gets Poor Marks by send in statements

send in statements — Wed, 16 Jun 2010 11:49:05 +0000

It’s a shame it didn’t work the way it was planned. The Feds needs to work on how it publishes the card agreements, as it seems to be one of the more important factors of this database. But overall, I can see how the database can benefit both the industry and the consumers in general.

Comment on Walmart to Accept Chip-and-PIN Credit Cards by Michael Freedman

Michael Freedman — Wed, 09 Jun 2010 05:25:08 +0000

This article (a random pick, from fall 2009) and the comments it generated, speaks volumes.
ARTICLE: http://consumerist.com/2009/10/why-american-credit-cards-suck.html