Date: Fri, 16. May 2008 23:31:36

One of the chronic pains of being a Capital One credit card customer is that your credit score can suffer even if you pay your bills on time every time. The reason? Capital One has a long-time policy of NOT reporting your credit limit to credit reporting agencies. What it did is to report your actual credit usage as a proxy of your credit limit. How will this affect you? Even if you only tap into a small percentage of your credit limit, you will be seen by credit reporting agencies as using up all your credit lines (in Capital One cards), and that is certainly not good to your credit score. READ FULL POST ... Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.

Date: Thu, 5. June 2008 03:07:29

Free credit card tools designed to improve the chance of getting approved for the most competitive credit cards are now being offered by Finance Globe to help ease the current credit burden in the United States (PRWEB May 28, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SW5zZS1Db3VwLVN1bW0tWmV0YS1DcmFzLVplcm8=

Date: Fri, 16. May 2008 23:31:36

Long-term readers of PFBlog knows I have been taking advantage of credit card companies for years. Especially, I'm very good at 0% APR arbitrage, whereby I sign up for new credit cards with attached introductory 0% APR balance transfer offer, move the entire balance immediately to my bank account, and enjoy the high saving account rates of 5% or more while remitting only the monthly minimal payment back to the credit card company. Of course, this strategy will drag down your credit score. Last summer, especially, I applied five cards in two months' time, and my credit score tanked from 720s to 640s, and I was essentially denied new credit application after being seen a credit risk by most banks. But credit score is only of cosmetic value if you don't need credit any time soon. To me, after all, I have no better use of my credit score now that I'm sitting on a portfolio of over $800k and has no plan to buy a property any time soon. The below chart is a great summary of what happened in the last dozen months: READ FULL POST ... Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.

Date: Fri, 27. June 2008 15:14:08

The process of e-commerce, starting from making orders online to receiving delivery, involves many processes. A merchant who wants to take credit card orders must establish a merchant account since it is required for accepting customer credit card.

Date: Fri, 16. May 2008 23:31:36

What's the quickest money you've made? For me, the $1,110 Citibank posted to my credit card account last week should qualify. Back in March, I shared in this blog that Citibank was inviting me to pay down my $40,000-strong credit card balance from multiple 0% APR balance transfer offers. Citi promised a cash reward of 10% of extra payments I would make that exceeds minimal payments, up to $550 per card. The program, called Payment Partner, is designed to encourage people with spotty credit to pay down the debt to avoid future loss on Citi's part, and for some reasons, I was classified as a credit risk. I guess it is God's blessing that I opened Citi's letter the day the offer was going to expire -- due to my overseas assignment, I only have access to my mailbox every time I travel to Seattle. You know the rest from this blog: I called to sign up for the offer, made the extra payments, and several months later, I'm $1,100 richer, all for only 10 minutes of work! READ FULL POST ... Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.

Date: Fri, 4. July 2008 03:12:47

All American Rally to Stop Skyrocketing Credit Card Fees on Gasoline is scheduled for July 3rd at 7:30 am in Irvine, CA to ask Congress to support the Credit Card Fair Fee Act. (PRWEB Jun 30, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SW5zZS1FbXB0LUxvdmUtUGlnZy1FbXB0LVNpbmctWmVybw==

Date: Sat, 17. May 2008 15:04:53

A unique new tool offered by WOW! Credit Card.com allows visitors to evaluate credit cards and assists them in the decision-making process. The 'Credit Card Popularity Tracker' displays 'popularity scores' next to every offer based upon click-thru data from other visitors. (PRWEB May 13, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3VtbS1NYWduLUZhbHUtUGlnZy1DcmFzLVplcm8=

Date: Mon, 19. May 2008 03:05:16

A unique new tool offered by WOW! Credit Card.com allows visitors to evaluate credit cards and assists them in the decision-making process. The 'Credit Card Popularity Tracker' displays 'popularity scores' next to every offer based upon click-thru data from other visitors. (PRWEB May 13, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3VtbS1NYWduLUZhbHUtUGlnZy1DcmFzLVplcm8=

Date: Wed, 4. June 2008 03:06:41

Information on the current state of the balance transfer credit card market focusing on 0% APR offers, balance transfer fees, and recent changes in credit card terms by major issuers. (PRWEB May 28, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RW1wdC1JbnNlLUNvdXAtU3VtbS1DcmFzLVplcm8=

Date: Fri, 16. May 2008 23:31:36

WSJ columnist Jane J. Kim reviewed the trick of profiting from introductory credit card offers and declared that there are still enough opportunities for those we are willing to take a temporary hit on credit score for a couple of extra grands a year: "The increasingly popular strategy involves applying for a slew of credit cards that charge 0% interest on balance transfers, then parking those borrowed funds in high-yield online savings accounts, which often pay 5% or more. Then, just before the cards' introductory period expires, typically in 12 months, you pay off the loans and pocket the interest earned. ... Competition among card issuers for new customers is so intense that companies can't afford to do away with the generous offers altogether. American Express Co., Citibank, J.P. Morgan Chase & Co. and Bank of America, for example, say they still offer no-fee, 0% balance transfers to selected customers." I myself am a loyal practioner of the practice, and in the past 12 months alone, I maintained an average credit card balance of over $40,000 in 0% APR or low-APR balance transfer offers. That's probably the easiest $2,000 I pocketed last year. In case you don't know where to find these offers, below are some cards you can look at. They all include introductory 0% APR balance transfer offers for 12 months or longer with credit card annual fee. I included those with capped balance transfer transaction fees since with a larger balance transfer, arbitrage profit can still be obtained under capped fee arrangements. READ FULL POST ... Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.