Tuesday, December 15, 2009

This week's top story: That gift card money is yours -- keep it!

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More credit card news | Credit card help | Credit card videos | Credit card statistics December 15, 2009
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CreditCards.com's weekly newsletter features the latest consumer information and updates from the industry's leading source of credit card news.
 
Top credit card stories

That gift card money is yours -- keep it!
About $5 billion worth of gift cards go unused yearly. The industry calls that lost value "breakage," and it means big profits for them and lost money for you. Here's how to prevent that cash from slipping away. More... 
Credit card debt lessons from the rich and famous
If we had the money Courtney Love, Kim Kardashian and Tori Spelling have, credit card debt wouldn't be a problem, right? Apparently not. More... 
House approves consumer financial watchdog agency
A single watchdog agency that protects consumers from abuses via credit cards and other financial products moved closer to reality last week. More... 
8 ways to stay debt-free during the holidays
All year you've budgeted, spent judiciously and shed debt. How do you resist the plastic when the holidays hit? More... 
Expert credit card advice

Rates can still jump even after you opt out
'The Credit Guy' expert Todd Ossenfort
You opt out of a rate hike and keep paying your balance at the old APR. So how can the rate rise again?
More...
 
Who's liable for a minor's medical debt?
'Opening Credits' expert Erica Sandberg
If your parents agreed to pay for a surgery you had as a minor, debt collectors can't come after you for the money.
More...
 
8 myths about settling credit card debt
'To Her Credit' expert Sally Herigstad
Before you decide to try debt settlement, make sure you know the difference between common myths -- and the truth.
More...
 
Improving a great credit score comes down to timing
'Credit Score Report' expert Jeremy Simon
Bad timing can hurt even high credit scores, but exactly when you pay your bill can help.
More...
 
Taking Charge: A CreditCards.com blog

AmEx's Zync card targets charge-happy youth
AmEx hopes to lure a younger demographic by offering a lower annual fee and customizable point offerings. Will they take the bait? More... 
Beware of lower-your-APR robocalls
The FTC files suit to stop companies' robocalls offering to reduce credit card interest rates. More... 
Featured low interest credit card
Citi Platinum Select MasterCard

Credit card rate report
(as of 12-15-2009)
National Average   12.76%
Business   9.74%
Low Interest   11.75%
Cash Back   12.08%
Balance Transfer   12.20%
Rewards   13.29%
Instant Approval   13.32%
Airline   13.60%
Bad Credit   13.74%
Student   14.89%

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