CardRatings Editor's Choice Awards: Best Credit Cards of 2009, Part 2

CardRatings.com Newsletter, January 15, 2009 Editor's Choice Awards:  Best Credit Cards of 2009, Part 2 CardRatings.com founder Curtis Arnold announced the winners of the CardRatings 2009 Editor's Choice Awards for the following categories:  best reward point cards, best bad credit credit cards, most innovative cards, and most innovative new program.  Winners of the remaining categories will be announced in January.  Click here to read Curtis' announcement and find out which cards made his list of the Best Credit Cards of 2009. Cleaning up your credit for the New Year?  Check out free credit score and credit report offers at CardRatings.com and get your free credit score online now! Recent Articles Five Reasons NOT to Break Up with Your Backstabbing Credit Card Issuer - If you're like me, my wife, and most of the credit card users in the United States, you received a little note from your lender in 2009 outlining "simple changes" to your card's terms and conditions. At my house, our lenders' contract adjustments included: Hiking the interest rate on…... More   Debt Diet: Is Shedding Credit Card Debt Similar to Shedding Weight? - There are some who need an extra bit of handholding. Think about quitting smoking or losing weight. We know what to do: eat less, exercise more. Shedding debt is similar: spend less, save more. Yet there are some who still struggle.  Read More   American Express Reward Points Can Now Help Pay Down Taxes - American Express officials announced a list of new partners in their Membership Rewards program for 2010, including some surprising ways to use points to pay down taxes. Two leading tax payment services, Official Payments Corp. and Pay1040.com, already accepted Membership Rewards points in lieu of service fees from Cardmembers paying federal taxes online.  Read More   Fed Updates Regulation Z Credit Card Rules Before Deadline - The credit card industry has known about the February 22nd deadline for implementation of the Credit CARD Act's new lending rules since the law was signed last May. This week, the Federal Reserve issued the formal regulations required by Congress, setting new ground rules for card issuers. By amending Regulation Z, the document that regulates American lenders… Read More   Credit Card Index Measures Record Number of 60-Day Delinquencies - A soft labor market pressured American credit card holders in December, according to analysts from Fitch Ratings. The company's December 2009 Credit Card Index measured Americans' ability to manage debt in November, with troubling results. Important indicators of accountholders' cash flow cycles remained near or exceeded record highs.  Read More   Consumer Recovery Network Celebrates Rate-Jacking's End with Contest - Rate-jacking ends on February 22nd, according to representatives from debt settlement organization Consumer Recovery Network. "Rate-jacking" often refers to the universal default clauses in credit card agreements, triggering sudden and unexpected hikes in interest rates when consumers miss payments or exceed credit limits on unrelated accounts.  Read More   HSBC Drops Mandatory Credit Card Arbitration - This month, HSBC joins Capital One, Chase, and Bank of America as the fourth major credit card issuer to drop mandatory arbitration clauses from its terms and conditions after pressure from a pending class action lawsuit. New York residents filed suit against six banks and a leading arbitration services company, citing that recent cardholder agreements removed customers' ability to seek legal damages.  Read More CardRatings.com, 201 W. Broadway Suite G12, N. Little Rock, AR, 72120 www.cardratings.com.com

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