Elisabeth Chan

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Elisabeth Chan

Elisabeth Chan is Creditnet's resident credit card expert. Elisabeth graduated Magna Cum Laude from Brigham Young University's Marriott School of Business.

When she's not rating and reviewing credit cards, Elisabeth enjoys gushing over her daughter (who is her exact clone), eating out (sushi and Chinese are favs), or attempting to conquer the pilates reformer machine (so far, all attempts have been futile).

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Recent Blogs

10 Best Credit Card Designs Ever

November 17th, 2010 by Elisabeth Chan

Your credit card is much more than a piece of plastic. It’s a status symbol. It’s an expression of your personality. It’s how you open your beer in a pinch.

The credit card has come a long way since the Diners Club of 1950. Now with more benefits and custom options than ever before, credit card companies are doing everything to attract customers. Even redesigning the credit card itself.

Introducing the top 10 best credit card designs:

10. Epos Card

Epos released a spectacular lineup of artistic credit cards in 2009. Here are just a few of their 100 jaw-dropping designs:

creditcard numbers

How to Destroy Your Credit Score in 3 Easy Steps

November 12th, 2010 by Elisabeth Chan

Credit Cards Credit cards can be a major pain in the neck. With annoyances like payment dates, interest charges, and annual fees, it's easy to become fed up. So after years of headaches, you’ve decided to do away with credit cards once and for all by destroying your credit.  While we here at Creditnet would strongly advise against this decision, this is America, so who are we to stop you from doing what you want?  In all honesty, you’ll be happy to know that despite spending all those years garnering an excellent credit score, demolishing it can be easy as pie.

5 Credit Card Myths

November 4th, 2010 by Elisabeth Chan

[caption id="attachment_1955" align="alignleft" width="254" caption=" "]Credit Card Myths[/caption]

That shiny piece of plastic burning a rectangle-shaped hole in your wallet is one of life's trickiest necessities.

On the one hand, you can't make it much farther than 25 without some line of credit to show for yourself.

On the other, credit cards are often intimidating: whole episodes of Oprah are dedicated to really good people with decades' worth of credit card debt they didn’t mean to accrue. You're a good person. Does that mean you are going to accrue a Kilimanjaro-sized mountain of debt as well?

The CFPB: A New Cop on the Beat

October 29th, 2010 by Elisabeth Chan

[caption id="attachment_1905" align="alignleft" width="300" caption=" "]Consumer financial protection bureau[/caption]

Elizabeth Warren, the Harvard professor appointed by Obama to get the new Consumer Financial Protection Bureau (CFPB) up and running, sat down with the LA Times earlier this week for a Q&A session.

If you missed it and still have lingering questions about what it is Warren and the CFPB will be focusing on in the coming months, I highly recommend checking out the full interview for all the details.

Card Issuers Don't Care What Credit Limit You "Need"

September 22nd, 2010 by Elisabeth Chan

[caption id="attachment_1735" align="alignleft" width="300" caption=" "]Credit limits for Balance Transfer Credit Cards[/caption] Credit issuers have become quite stingy when offering new credit card limits. But who can really blame them? With unemployment high and the economy still sputtering along, it shouldn't come as a surprise that credit issuers want to do everything possible to reduce unnecessary risk. Likewise, consumers are trying to reduce their own risk by paying down credit card debt and saving more cash. According to the latest report from the Federal Reserve Bank, revolving credit decreased nearly $900 million between June and July of this year. That marks a total annual decline of 1.8 percent and suggests that Americans are truly serious about not only curbing spending but also managing their existing debt.

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