It’s been long overdue, but the list of the best cash back credit cards has finally been updated.
Is there a viable replacement for the sorely missed Schwab Visa card? What cards are worth looking at? Are there cards missing from the list? Check it out!
Tags: Back Credit, Back Credit Cards, Cards, Credit Cards
Sooner or later every credit card charges interest, regardless of the promotional benefits offered during the introductory period. However, if the card balances are repaid in full before the end of the grace period, then it is possible to avoid interest altogether. Nonetheless, the majority of cardholders only repay a percentage of their outstanding balance, and some even choose to pay the minimum amount due, which can actually have a negative effect on their credit score. Unfortunately, every credit card issuer utilizes a different APR calculation method, the most common of which are explained below.
The annual percentage rate (APR) must be divided by the number of billing periods within a year (usually one for every month) to determine the periodic rate, which actually dictates the amount of interest charged each month. Thus, a 12% APR would have a periodic rate of 1%, (12% APR divided by 12 billing periods equals 1% periodic rate). The periodic rate is multiplied by the outstanding card balance to calculate the monthly periodic rate.
Tags: Card, Credit Card
I often reference the “FICO Seven Deadlies” in my articles and interviews but it just occurred to me that I’ve never actually written about them as one consolidated list. This is important because credit rules our lives. If you have good credit you can do many things, inexpensively. However, if your credit is bruised or broken, you’ll have a harder time functioning effectively in the world of personal finance. So what are these seven deadlies?
Tags: Fico Seven, Seven
When it comes to rewards credit cards, I’ll take cash over points any day. If you’re looking for your own cash back rewards card, you might have a hard time finding a generous cash back program. A lot of great rewards credit card deals have disappeared ever since the Fed put out rules that limit the fees and interest rates credit card issuers can charge.
Fortunately, we’ve done the work for you and found a few of the best cash back rewards cards deals out there. The cards that made the top 5 list are not only good for cash back, some also have great balance transfer deals and low interest rates on purchases. Check out the Five Best Cashback Rewards Credit Cards.
Tags: Cards, Credit Cards, Rewards Credit, Rewards Credit Cards
Thieves Steal New Credit Card Enabled Parking Meters
Municipalities across the USA are switching over from old fashioned coin operated parking meters to new high-tech digital meters that accept coins or credit cards, and the trend has not gone unnoticed by thieves. They recently yanked about 20 of the new meters right out of the sidewalk in Chicago, leaving many people who had used their cards in the meters worried about the security of their credit card information.
A spokesman for the contractor who manages the meters for the city tried to assure everyone that their financial data was safe, saying that the card account information was stored and transmitted securely – and is not retained inside the parking meters.
The police department of Chicago was rather surprised that the thieves would work so hard to steal the meters because each of them weighs about 200 pounds. Not only that but they are tightly bolted into place. While some people who steal meters simply cut off the pole and steal the top portion, these criminals took the entire apparatus. They also probably thought they were getting credit card data that was highly valuable – but it appears that the most they got away with was the last four digits of each credit card number.
Tags: Enabled Parking, Enabled Parking Meters, Meters, Parking Meters
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