Wednesday Apr 1, 2009
In his effort to claim credit for Chase's relatively minor concession, the New York AG actually provides Chase political cover to rewrite offers accepted and honored by hundreds of thousands of cardholders. First a bit of background. Last November, Chase credit card division notified some 400,000 cardholders that ...
Wednesday Nov 4, 2009
Given the turmoil in the credit card industry over the CARD Act, consumers should take this time to evaluate which credit cards are worth keeping.
Wednesday Oct 28, 2009
One the surface, moving the CARD Act deadline up from Feb. 2010 to this December sounds like a another victory for consumers over credit card companies. But, further investigation reveals that the move would only be a band-aid for bigger problems.
Thursday Oct 15, 2009
This is the latest installment of our series on debt horror stories. Read the first one here.
Wednesday Oct 14, 2009
Two major arbitrators of credit-card disputes are pulling out of the business.
Saturday Oct 10, 2009
The easy of extension of credit to much deeper socioeconomic levels is over. Now some families are struggling to pay off mounds of debt.
Friday Oct 9, 2009
President Obama wants to push for a consumer financial protection agency. Could a new regulator do more harm than good?
Wednesday Oct 7, 2009
Consumers are cutting their credit use in anger against credit card issuers making drastic rate and fee changes.
Wednesday Oct 7, 2009
Bank of America announces they won't change rates or fees until the CARD Act goes into effect.
Monday Oct 5, 2009
The latest twist on credit card account closures involves card issuers closing out select credit card accounts without even warning you beforehand. Even consumers with good credit aren't immune.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
Just one quick nit to pick with the author: "holding" too many cards would not "hurt" your credit score. "Opening" them would drop your score, as new inquries and a reduced average age of your credit would be negatives in current FICO formulae. But once they are opened, the damage is done.