Credit Card Gist

Thursday, August 26th, 2010, 9:36 am

The New Credit Card Rules Explained

Tags: consumer protection, credit card fees, credit card interest rates, credit card rules, gift cards, over-the-limit fees, videos

A lengthy discussion on the credit card rules that were enacted this past Sunday. This latest set of rules was the latest batch of provisions of the CARD Act of 2009.

The panel features Adam Levin, chairman and co-founder of Credit.com and other experts who talk about how rules on over-the-limit fees, gift cards and interest rates have changed.

(Via YouTube.com)

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Thursday, August 26th, 2010, 9:34 am

Credit Card Interest Rates Continue to Rise

Tags: college student credit, consumer protection, credit card interest rates, credit card law, videos

At a time when interest rates are dropping across the board, credit card rates are hitting new highs.

The research firm Synovate says the average rate on existing credit cards is nearly 15 percent, up from 13 percent in 2009 and it is at its highest level since 2001. By comparison, the rate for a 30-year fixed mortgage is 4.52 percent, down from 5.52 percent a year ago.

(Via YouTube.com)

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Wednesday, August 25th, 2010, 11:19 am

New Credit Card Rules Put Caps on Late Fees

Tags: consumer protection, credit card fees, credit card interest rates, inactivity fees, videos

A batch of new rules that went into effect on Sunday will protect consumers against unfair credit card practices.

These protections include provisions for more proportional penalty fees and the elimination of card inactivity fees. Late payment fees, for example, are now limited to $25.

(Via YouTube.com)

Accept card payments quickly and safely

Accept credit and debit card payments at the lowest processing costs. You will get:

Free merchant account set-up.
No fixed monthly fees.
24 / 7 customer support.

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Wednesday, August 25th, 2010, 11:16 am

Tips on Rebuilding Your Credit Score

Tags: consumer advice, credit reports, credit score, FICO, secured credit cards, videos

FICO, the company that provides the most widely used consumer credit scores in the U.S., recently revealed that one in four consumers has a credit score of 600 or less. That can make it difficult to get credit, insurance, or even a job.

Credit.com’s Gerri Detwieler explains the implications of FICO’s report and offers tips on raising your credit score.