Credit Cards

Concealed Weapons in Credit-Card Bill

U.S. Capitol
Getty Images
In a move that has drawn criticism, confusion, and more than a few comments about strange bedfellows, the Senate recently voted 67-29 to add a gun-rights amendment to a consumer credit-card bill. The provision, which was authored by Sen. Tom Coburn (R-Okla), requires national parks to abide by state gun laws and would allow park visitors to carry concealed weapons. Read on to learn more.
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How to Make (or Break) Your Credit Score

Credit card, scary scissors
Everything you do (and buy) drives your credit score. It may seem obvious that smart decisions send your score up and save you money, while bad decisions do the opposite -- yet lots of people seem to get trapped in debt. Here, WalletPop looks at four personal stories of people who changed their credit score for the better -- or the worse -- by making simple moves they quickly appreciated or regretted. Do their stories sound familiar? Read on and find out.
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Obama to Hold Credit-Card Town Hall

The White House
AFP / Getty Images
President Obama will discuss the credit-card crisis in a town-hall meeting in New Mexico on Thursday, where he will push for Congressional passage of credit-card reform measures so he can sign it into law by Memorial Day. Americans must be responsible, Obama says, "but they also have a right to not get ripped off by the sudden rate hikes, unfair penalties, and hidden fees." Read on to learn more.
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When to Opt Out of a Rate Hike

Credit card, scary scissors
When a bank raises your credit card's interest rate, should you just sit back and take it? That depends on a lot of factors, least of all your anger. Your first question should be whether you're willing -- or wise -- to part with an account. Read on to learn more about the pros and cons of taking revenge against a rising interest rate.
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WalletPop Blog

Ask Nicely and Your Fees Can Go Down

credit cards
AP
Yes, credit card companies are adding tons of fees and clamping down on any kind of infractions, but there are still loopholes for persistent customers. Find out the best way to ask for your card company to lower your fees.
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In a Pandemic, Will Banks and Cards Work?

Flu victims in emergency hospital in Fort Riley, Kansas, in 1918.
AP
If the swine flu turns into a global pandemic, credit and ATM cards probably won't be the first concern on most peoples' minds. But billions of dollars could be at stake for any bank caught flatfooted by an outbreak. Here, an expert explains what's likely to happen -- and what isn't -- in the event of a catastrophe.
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Secured Credit Cards Harder to Get

WalletPop 186 credit cards like playing cards gambling
If you're someone who needs to establish or rebuild your credit, you're probably in the market for a secured credit card, backed by your own funds rather than a bank's. But offers for such cards are plummeting as banks shy away from taking on more risky debt. So how can you get a secured card if you really need one? Read on to learn some helpful strategies.
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Cardholders' Bill of Rights Passes in House

U.S. Capitol
Getty Images
The U.S. House of Representatives voted 357-70 today to pass the Credit Cardholders' Bill of Rights, which would begin protecting consumers from abrupt interest-rate hikes and unfair or deceptive billing by July 1, 2010. A similar bill in the U.S. Senate is yet to go to a full vote and is considered less certain to pass. Read on for the fine print.
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34 Million Pay Their Credit-Card Bills Late

woman buried in money
Nearly 34 million Americans admit they've been late making credit card payments, and about 18 million people say they've missed payments entirely. That's hardly surprising, given how many Americans are struggling these days. Are you? Here's what to do about your debt.
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