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19.99% APR On My Citi Credit Card, True Cost of Credit

by Flexo on January 19, 2010. Credit 5 comments.

Because I check my credit card activity online almost every day to ensure nothing unexpected has been charged to me, it’s rare that I examine my paper statements. I usually look through the envelopes to make sure there aren’t any notices identifying any significant changes in the user agreement, such as a requirement to sign ... Continue reading this article…

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GAO Report Seems to Back Up Convenience Stores

by Smithee on November 24, 2009. Consumer 1 comment.

We told you back in July about the Credit Card Fair Fee Act of 2009. To summarize: Visa and Mastercard skims a percentage of the retail price every time you use a card to buy something. It’s called an “interchange fee”. Allegedly, U.S. merchants pay up to six times more for this service than merchants ... Continue reading this article…

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Reader Question: Can You Write “See ID” Rather Than Signing Your Credit Card?

by Flexo on November 11, 2009. Credit 23 comments.

I can’t remember the last time I’ve signed the back of a credit card, and I use my credit cards (one for personal travel and big expenses, one for all other personal expenses, and one for business expenses) almost every day. It has never caused me any problems with cashiers; at the most, I might ... Continue reading this article…

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Credit Card Use Increases Prices for Everyone

by Flexo on August 10, 2009. Credit 15 comments.

I use a total of three credit cards. The first is a card issued by Citibank that offers a rounded set of cash back rewards, my alternate is a Bank of America Visa Signature card, and for business expenses I use an American Express Blue Cash for Business card. But I don’t pay interest fees ... Continue reading this article…

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Credit Card Fair Fee Act of 2009

by Smithee on July 3, 2009. Consumer 2 comments.

Businesses are hoping to get more bargaining power when it comes to how much they are charged to accept credit and debit card purchases. The Credit Card Fair Fee Act (read the whole bill), was reintroduced this year and is now being discussed in Congressional committees. I first heard about it when I was buying an ... Continue reading this article…

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