Suze Orman Shows True Colors With Her Approved Prepaid Debit Card

January 12th, 2012

If you havent heard by now, personal finance guru Suze Orman has launched a new prepaid debit card called The Approved Card. Thats right, another celebrity-backed card similar to what Russell Simmons has done, and what the Kardashians tried to do. But since this card is being endorsed by a well-respected personal finance expert it has to be a great card, right? Well, thats where things get a little murky.

These prepaid debit cards are notoriously marketed toward those on the lower end of the economic spectrum because these people often cant open or maintain accounts at a traditional bank for a variety of reasons. W

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Tags: Card, Debit Card, Prepaid Debit, Prepaid Debit Card

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Like elephants, some card companies never forget

September 26th, 2011

I was recently solicited by a credit card company. I didn’t need another credit card, but this offered airlines miles that I collect, so I applied. They didn’t approve the application because: “You have filed for bankruptcy and your previous account(s) with us was included in that filing. This includes any of your accounts issued by (us) such as Visa, MasterCard, store cards or gas cards.” Liz, the bankruptcy was 12 years ago, and I am very well financially situated now. I thoug

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Tags: Card, Card Companies

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Before Choosing Your Credit Card Compare It With Others in Order to have the most appropriate one

January 8th, 2011

You’ll find out, that it is boring to look for the best credit card which you are intended to apply for. Making your first step in choosing the credit card you are to determine what points are of the first importance to you. It’ll simplify your task and you could determine both advantages and disadvantages of the credit card.

The positive aspect is transparent information about the terms of obtaining the credit card. Credit agencies should grant the free access to the positive as well as to the negative sides of their terms. Read till the end because the negative sides of the agencies as a rule are described there. The most important is the APR. Rea

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Tags: Card, Credit Card

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5 Secrets a Credit Card Company Would Never Reveal

November 13th, 2010

Since the inception of the CARD Act, credit card companies have lost profits because of new regulations about fees and extraneous charges. But never for a second should you doubt that these credit card powerhouses have accepted that fact and moved on.

In fact, soon after the CARD Act was put in place, consumer were already seeing some ways that credit card companies were getting around the loopholes in the rules.

Here are 5 secrets credit card companies know but wouldn’t likely reveal to it’s customers:

1. Yeah, You Have Options But Not Many

Card issuers are now required to give at least 45 days advanced notice if they plan to change any terms of your account. The

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Tags: Card, Credit Card

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Top 5 Most Worrisome Trends in the Credit Card Industry

October 22nd, 2010

In today’s society, American’s have certainly grasped on to the security of credit cards. In fact, most cardholders have 4-5 accounts and use a credit card for one of every four transactions they make. Even in light of the recent credit card crisis and the newly implemented CARD Act, it doesn’t seem to be stopping anyone from continuing their reliance on credit cards.

However loyal people are to their credit cards, there are still some trends in the industry that may be a cause for concern. Experts watching the situation are beginning to forecast what it to come including these worrisome trends:

1. Incre

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Tags: Card, Credit Card

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Friendly Face of the New Credit Card Statement

August 29th, 2010

The CARD act of 2009 imposed many new rules for credit card companies.

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Tags: Card, Credit Card

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