Many of us have them: unused credit cards that we opened for whatever reason that we don’t use anymore and just have stuffed in a sock drawer or a desk. We may keep them because we think it will hurt our credit scores to cancel them, or for emergencies, or just because we are too [...]
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Imagine owing $360 on a credit card with an $8,600 limit, only to have the limit cut to $300 and then be assessed a $35 over-the-limit fee. That’s what happened to Paul Pensabene of Saratoga Springs, N.Y., according to this article from SmartMoney.com. Thankfully for Paul he was able to get the fee waived and [...] I posted a couple of weeks ago about my fear of the devaluation of points in Citi’s Thank You rewards program, and that I had cashed out most of my points for the mortgage payment reward. At least as of now, the mortgage payment reward is $0.007987 per point, or 93,900 points for a $750 reward. [...] Frequent readers of my blog know that I am an accountant (note: I don’t offer accounting or investing advice; please consult your own accountant and/or financial advisor). In the corporate accounting world, one of the hot topics is discussion of counterparty risk, which is basically the risk that the people you do business with will [...] I just wanted to share the highlights of my weekend to illustrate (a) just how cheap of a bastard I am, and (b) how the cheap bastard mode of thinking can help enrich your life. Friday night, we loaded up the kids and took a trip to Sears. We had read on SlickDeals that Sears was having [...] Here’s a tip you probably didn’t know, which may surprise you considering all the different ways credit card companies try to trip you up so they can raise your interest rates and tack on fees. Most credit card companies will allow you to enroll in an automatic payment program. Of course they don’t heavily advertise [...] Well, I guess the credit insanity had to end sometime. One of the areas where logic seemed to go out the window long ago was with respect to credit cards. For a long time it seemed like there were at least five pre-approved offers in the mail every day. But perhaps the fun is now [...] Back in the day, Discover Card was the king of the rewards credit cards, if for nothing else because it was nearly the only reward credit card. I remember how it was promoted with the tagline “The card that pays you back.” Well, fast forward to today and Discover is far from the only player [...] Here is a deal that I found in preparation for my recent App-O-Rama. Citi is currently running a promotion for new applications for the Citi AMEX Platinum Card. The card offers 5 Thank You Points per dollar on everyday purchases (gas, grocery, and drugstores), and 3 Thank You Points per dollar on everything else. You [...] |
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