With the gimp economy that we have, credit card companies cut costs attempting to raise or at least retain profits. If you have an American Express, Discover, Chase Bank or Citibank card, you must have felt the sting already. Remember that painful feeling when you could not redeem the hard-earned cash back rewards just because your account has been inactive for some time or because you allowed a single late payment? Discover has started the practice of disabling cash back on idle and delinquent accounts. You are safe, of course, if you pay bills on time and regularly pull your plastic out of the pocket. It also makes sense to check other alterations the can be made in the rewards … (more) January 27, 2009

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You must know about the five-star crash test rating system used in the automobile industry. Since it was implemented, the quality of new cars was considerably improved and the number of road accidents has slowed down. The idea of creating a similar system in respect of credit cards has long been stirring around but until today it has not been included into any of the reforms.
The 2008 February conference held at the Center for American Progress Action Fund showed Sen. Ron Wyden’s and Barack Obama’s determination to introduce the five-star concept for credit cards to make it easier for people to understand the basic lending policies and features. This would help them make wiser financial decisions and plan their card … (more) January 12, 2009

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