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7 sneaky terms and costly fees you've got to avoid on your credit cards
It's not all about interest rates and reward points. ...
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CREDIT CARD FEATURES
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Must dos
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Tips
FEATURED STORIES
The best credit cards for college students
You need a card with low rates and reasonable terms, not an aggressive marketing campaign with hats and T-shirts.
How to curb your credit card spending
We've got 7 smart ways to resist shopping's endless temptations and stop piling up more bills.
The best cards for balance transfers
We've picked three. But compare scores of credit card deals in our new rankings. Scroll to your state above and click "GO".
How to manage your cards like a pro
"What's in your wallet?" Too many credit cards to make any sense. Carrying only the best plastic will save you money and aggravation.
Avoid your credit card's most costly penalty
Universal default gives your credit card issuer the right to raise interest rates to painful heights for financial sins.
Reward yourself with a top rewards card
If you pay off your credit cards every month, you should get more than a bill. You can get cash rebates, airline tickets and more.
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NECESSARY MUST DOS
Start paying off your credit card debt
Credit card balances are 50% higher than they were in 2000, and the high interest rates on these accounts are killing us.
Missing card? Freeze your credit history
If your identity has been stolen, or you're worried that you are vulnerable to such a crime, freeze your credit history.
Carry only one or two credit cards
Lost or stolen billfolds and purses are a major source of information for identity thieves.
Use college jobs for everyday expenses
Work-study checks are great for everything from books to pizzas -- all of the stuff you might be tempted to charge on a credit card.
Get money for your gift cards
Four states, including California, now have laws that allow consumers to cash-out gift cards with small balances.
Stop unwanted credit card applications
They make your mail box a tempting target for identity theft.
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LATEST TIPS
Credit cards are slashing borrowing limits
Lenders are reducing the amount consumers can borrow based on where they work and live.
Get your Social Security benefits on a debit card
The government says it's less costly than cashing a paper check, allows you to get cash at ATMs and is accepted at most stores.
Easy credit is a way to lure you into debt
Here's how banks encourage you to run up too many bills with savvy marketing campaigns and higher spending limits.
Expect a $75 limit at the gas pump
Many convenience stores are limiting how much drivers can spend when they swipe cards at automated gas pumps.
Know your balance
Overdraft charges can cost you plenty. Know how much you have in your checking account so you can eliminate these costly fees.
When stores fail, gift cards take a hit
Retailers who file for bankruptcy often impose restrictions on how gift cards may be spent, or stop accepting them altogether.
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CREDIT CARD CALCULATORS
Calculators
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Work sheets
MOST POPULAR
Payoff a credit card
Create a repayment plan for a single card.
Payoff all your cards
Find the fastest, cheapest way to wipeout the balance on all your cards.
Minimum payment calculator
See how long it will take to payoff your cards if you only make the minimum monthly payment.
Balance transfer calculator
Devise a money-saving plan to shift your debt from high-interest to low-interest cards.
Debt consolidation calculator
Determine how much you can save by consolidating bills into a home equity loan.
Borrow against your home
See how big a home equity line of credit you can qualify for to payoff your credit cards.
Does a cash-out refi make sense?
Calculate what it would cost to consolidate credit card and auto debt into a new mortgage.
Consolidate your student loans
Forecast the savings and how it can be used to payoff credit cards and other high-cost loans.
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WORK SHEETS
Compare your cards
See which have the best rates and terms.
Transferring credit card balances
Here’s all the information you’ll need to ensure a smooth transition to a new card.
Ask for a lower rate on your credit cards
Follow our script and record the results of every conversation.
"No more late fees" work sheet
Keep track of when your credit card bills are due, how much you owe and how much you've paid.
Essential info work sheet
Know exactly where to go if any of your cards is lost or stolen.
4 steps to cancel a credit card
This work sheet walks you through the process of closing an account without denting your credit score.
What to tell the credit card company
This form letter covers all the legalities for closing an account and informing the credit reporting agencies.
Fix credit report mistakes
Use this form letter to dispute errors.
CREDIT CARD WORK SHEETS
FEATURED:
Compare credit cards
Checklist for transferring balances
Lower interest rate request work sheet
No more late fees work sheet
Credit card data work sheet
Cancel a credit card work sheet
Form letter to cancel a credit card account
Form letter to fix credit report errors
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CREDIT CARD Q&A
FEATURED:
Q.
Do my credit cards have the right to increase their interest rates if I default on my mortgage payments?
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Will regularly opening and closing no-interest credit cards hurt my credit?
Q.
Will closing several credit cards with low credit limits negatively affect my credit score?
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9/8/2008 10:48:08 AM
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