Posted by Peter Brady on Thu 21st December 2006 at 06:00 AM, Filed in US Credit Cards
American Express has a Kudos that few credit providers can match. It seems that they continue to produce rich featured products that have genuine sex appeal. However, there is some debate as to whether they remain competitive?
This question does gain some traction with the American Express Preferred Green Credit Card. Does it compare well with other offers on the market? I have my doubts.
Check out the base features for yourself:
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This is a beautiful looking card. Yes it’s the ubiquitous stars and stripes but the ripple makes this design really come alive.
The features aren’t bad either:
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New technology often brings with it bugs and security gaps.
No swipe cards are no exception with Senator Charles Schumer saying that they are a “double edged sword”. Schumer went on to say that the new technology is highly convenient but more risky for identity theft.
Approximately 20 million of the new no swipe credit cards, which are being marketed heavily toward New Yorkers, have already been issued.
(Via Postchronicle)
Christmas can be a difficult time to manage your finances prudently. However, there are some obvious but worthy tips that could just save you from financial meltdown:
1. Don’t spend more than you can afford.
2. Budget expenditure for your gifts, listing out how much you can afford to spend on each person.
3. One useful tip for uncles and aunties is to buy gifts for each others children only.
3. Use a price comparison site to get good deals.
4. There is some evidence to suggest that we spend less using cash so leave those credit cards at home.
5. Be aware that late payments on one card could result in rate increases on other cards due to a reduction in your credit score.
6. Don’t use credit cards to withdraw cash from ATM’s.
7. Pay your card off in full at the end of the month.
College debts can be a millstone around your neck so it’s wise to give careful consideration before using that credit card.
According to an interesting article at Central Michigan Life.
“College students often run into problems with credit card debt because they use them for everyday expenses,” said Charles Walmsley, financial planner and finance and law professor.
“The biggest mistake college students make when it comes to credit cards is living beyond their means,” he said. “They tend to spend more money than they have.”
Given that the average college freshman carries $1,500 worth of credit card debt, according to a 2005 study by student loan company Nellie Mae, and 56 percent of undergraduates have obtained their first credit card by the age of 18 this is a very real problem for many.
“Credit cards are very easy to acquire for college students, making credit card debt prevalent for them,” Walmsley said. “Credit card companies will relax credit standards to take on more customers at a higher rate, like college students.”
How true!
However with some prudent planning and shopping around you can keep your credit card debts in check. Here are some key tips:
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