The retirement years if not planned for, can be accompanied with unwanted financial troubles. A lot of senior citizens find themselves under huge credit card debt burden which takes a huge toll on their pensions and depletes their savings. Besides, with old age comes the additional burden of health care costs such as that for doctor’s visits, medications, and other related expenses. Handling all this along with your credit card debt would be nothing less than a nightmare. [Read more…]
Credit Card Companies Improve Their Rewards Programs
Credit cardholders will agree that shopping is beginning to pinch with firms charging higher interest rates and fees. However, if you are a frequent spender and a loyal customer of the company, you can benefit from the many reward programs to offset these costs. [Read more…]
The New Credit Card Act and What It Means to You
The new Credit Card Act, which just came into force last week, seems to have a number of loopholes in it. Frank Curmudgeon at Bad Money Advice exposes some of these loopholes in such a way that it becomes rather obvious that the new laws may not affect the credit card industry as much as had been hoped.
While the new law was intended to provide some teeth to curb some of the excesses of the credit card companies, it seems that the loopholes may be large enough that the limitations may largely be only on paper. This means that it most likely won’t be long before the same excesses are seen – just in a slightly different way. [Read more…]
