We’ve all heard about credit card churning, which is the art of opening and closing credit cards to take advantage of generous sign-up bonuses. But what about “credit card surfing?” At first glance, you might think it’s some sort of hip new thing all the cool kids are doing. Or some weird game like credit… Continue reading Credit Card Surfing Is Apparently a Thing
By now, you’ve probably heard about Bank Transfer Day, which was an initiative that called for consumers to move their money from large commercial banks to non-profit credit unions. Call it the 99% using their numbers to do one over on the 1%, if you catch my drift. The event took place on November 5,… Continue reading Balance Transfer Day: A Marketing Gimmick?
A new Federal Reserve rule will protect credit card holders taking part in promotional programs that waive interest charges for a certain period of time. As far as I can tell, this will apply to credit card balance transfers, such was 0% balance transfer credit cards and others that allow card holders to avoid paying… Continue reading Balance Transfers Get More Protection Under Card Act