No NFC means no mobile wallets for iPhone 5

by admin on September 12, 2012

The iPhone 5 was officially unveiled on September 12, but despite many experts' predictions that the handset would come equipped with near-field communications technology, this was not the case, according to a report from CNET.

Amex Business Gold Card: 75,000 Bonus Available Today!

September 12th, 2012 by Joshua Heckathorn

This offer is only good for today, Sept. 12th, so make sure you take advantage of it if you've been looking for a new business credit card with a nice sign-up bonus. With this offer you'll get 75,000 bonus points after you spend $10,000 during the first 4 months, which is better than the current public deal which only offers 50,000 points after a $5,000 spend within 3 months.

NRF may take credit card payment processors to court

by admin on September 11, 2012

The board of directors for the National Retail Federation recently gave the group the power to take steps toward intervening in the proposed $7.25 billion swipe fee settlement between Visa and MasterCard and several merchant groups, according to a report from the NRF. However, the group, which has 3.6 million member businesses that employ about one in every four U.S.

July saw credit card debt slide considerably

by admin on September 10, 2012

In all, the amount of non-mortgage debt carried by Americans slipped 1.5 percent on a year-over-year basis to a total of slightly more than $2.7 trillion in July, down from nearly $2.71 trillion the previous month, according to the latest monthly consumer credit statistical release from the Federal Reserve Board. That decline was due to a sizable drop in the amount of outstanding debt on credit cards consumers had in their names.

Ask Creditnet: Best Balance Transfer Credit Card?

September 10th, 2012 by Joshua Heckathorn

Dear Creditnet: It looks like the longest 0% interest credit card promotion available right now is for 18 months. Are there any credit cards out there offering something longer? I have some old credit card debt I want to pay off at 0% interest, but I'll probably need about 24 months to get it paid off completely and I don't want to deal with transferring the balance twice. What do you recommend?

- Leslie H. from WA

How to Choose the Best Balance Transfer Credit Card

September 7th, 2012 by Joshua Heckathorn

Credit card companies desperately want the opportunity to just get a place in your wallet. In fact, they're often willing to offer free money in the form of 0 percent interest credit cards and sign-up bonuses in hopes that they can convince you it'll be worth giving their new card a try. In addition, credit issuers know that many Americans are making a continued effort to pay down high-interest credit card debt, and one of the best ways to do that is by transferring old balances to no interest credit cards in order to pay off the debt while avoiding unnecessary interest charges. That's why you will always find a significant number of competing offers when comparing 0 percent interest credit cards online. Demand is high!

CFPB updates credit reporting evaluation procedures

by admin on September 6, 2012

The federal Consumer Financial Protection Bureau recently set out new guidelines for its employees who are working to guarantee that companies who deal with borrowers' credit reporting are doing all they can to comply with governmental regulation, according to its latest Examination Procedures for Credit Reporting Agencies.

Mobile wallet companies want more consumer information

by admin on September 4, 2012

Mobile wallet developers like Google and Isis may have once considered getting into the payment processing industry as a means of making money off these new types of purchases, but both abandoned the ideas in favor of a different one, according to a report from the tech news site CNET. Instead of being involved in payment processing, mobile wallet companies may instead be trying to earn profits from allowing retailers to have greater access to consumer information.

Tired of Secured Credit Cards? Take Your Credit To the Next Level

September 4th, 2012 by Joshua Heckathorn

Secured credit cards are a great way to rebuild credit for those who want to avoid the higher fees and interest rates that often accompany unsecured credit cards for bad credit. But what's the next step on the path to excellent credit after you've managed to pull your FICO scores out of the dump and into the average credit range? You really shouldn't use a secured credit card for one day longer than you absolutely must. Unfortunately, many people tend to hang onto them for way too long because they're worried about using unsecured credit again. This is a mistake and will only cost you more time and money as you work to get your credit scores back where you want them.

Happy Labor Day!

September 3rd, 2012 by Joshua Heckathorn

Find out what Labor Day actually celebrates in America.