Responsible Credit Card Use Phenomenon

Is it just me or have credit card companies been on a big “responsible credit card use” bandwagon lately? I think credit card companies, with the pending credit card legislation, have been on this responsible use kick because they see consumers in a bit of a revolt.

For years, cheap credit has fueled American consumption and lenders have been eager to ...

Chase Freedom Credit Card: $50 Cash Bonus

Chase Freedom $50 Cash Back Bonus

The Chase Freedom card was very popular about a year or two ago because if offered a cash back bonus after your first purchase and a very generous cash back rewards structure. In the last year, with the credit crisis and the tightening of credit, the Chase Freedom has gone through a few changes but still remains a very competitive ...

How a Boot Camp member saved $76,000 on his mortgage

How a Boot Camp member saved $76,000 on his mortgage

3 comments — written on December 1st, 2009

Here are early results from Week 1 (credit cards) of my ongoing Boot Camp.

Last month, I launched the 6-week I Will Teach You To Be Rich Boot Camp, which is currently happening on a private site.

I was tired of people reading and reading but ...

Pay For Black Friday Gifts With Credit Cards

Yeah, you read that right. You should make the credit card companies pay for your holiday spending! (You thought I meant something else?) Since they offer juicy incentives to get you to switch to their credit card, take advantage of these loss-leaders and use the money to pay for your gifts. Sure, technically it ...

How to Go Into Debt to Get Out of Debt

stock-pile

This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good debt will help you pay off those credit cards and ...

Holiday Shopping Techniques To Avoid Breaking the Bank

It is looking like the upcoming holiday season will be gloomy for many families, given the current state of the economy and continued bad news on many financial fronts. While this may not be a time to go all out with gifts, there are holiday shopping techniques that you can use to save money without scrimping too much. Thankfully, stores ...

Links Roundup: No Credit Needed Edition

Work on Your Money: The Missing Manual continues apace. I’ve finished the first seven chapters (happiness, goals, budgets, debt, frugality, income, and banking) and have just begun on chapter eight, which is about credit.

As part of this chapter, I’d love to profile a GRS reader who gets by on minimal credit. Specifically, I’m looking for somebody who doesn’t use credit ...

Should you be shopping this holiday season? Take the quiz.

One in every 10 Americans is currently unemployed. Foreclosure filings were reported on close to one million properties in the third quarter of 2009. Personal savings, if it exists at all, is a fraction of what it should be. Terms on credit cards are rapidly changing, putting some consumers over the financial edge. And the biggest shopping day of the ...

How to use Debt to Improve Your Credit

water drop

Many of us have the wrong idea when it comes to debt. After years of being told that it is a bad thing and should be avoided, most of us never want to get into the problem of having to deal with debt. Millions more are in over their heads with bad debt and facing the consequences. However, there are ...

Why Credit Cards Rule Over the Inferior Debit Card

mighty

I’m still trying to figure out why people think I’m foolish for using a credit card instead of a debit card.  I’m a Dave Ramsey listener and fan so I’ve heard him rant and rave over the credit card — burn it, torch it, drown it, just be sure to kill it (if you’re not familiar with Dave Ramsey here ...

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