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…
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…
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…
As I’ve mentioned recently, my maternal grandmother passed away a few days ago, my second of two grandmothers to pass away in the past few weeks. A few years ago, she moved out to California to be cared for by my mother and brother who had also moved out to the west coast several years ... Continue reading this article…
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
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…
American Express created a frenzy among the wealthy when it decided to take advantage of rumors of an exclusive black-colored charge card, used by movie stars and music celebrities for purchasing jets and other items beyond the financial reach of us mere mortals. In 1999, American Express introduced the Centurion Card, a black charge card ... Continue reading this article…
Last month, a representative from Visa offered to answer a few questions for Consumerism Commentary readers about debit cards. It many ways, I find debit cards to be inferior to credit cards, but Visa claims the cards linked directly to bank accounts have some redeeming qualities. Here are three additional questions I asked Visa and ... Continue reading this article…
Related: Comparing the Visa Black Card With American Express Platinum and Centurion Cards.
Visa is introducing a new credit card catered to consumers who spend $50,000 or more a year. The VISA Black Card looks similar to the American Express Centurion Card, which was created about a decade ago after that company wanted to capitalize ... Continue reading this article…