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"Are You Cardworthy or Cardsavvy?"™
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SHRED DOCS. Frazzling !!!

-- Shred all personal and financial documents and destroy unused credit, ATM and debit cards before disposing of them. permalink
How much do Americans charge to their credit and debit cards each year?
-- Last year consumers charged more than $2 trillion to major bank credit cards and a little more than $1 trillion to major debit cards. permalink

MONITOR DEBIT CARDS. Perlustration!!!

-- Check your checking/debit card account activity on a daily basis to detect fraud and prevent your account from being emptied by crooks. Remember debit cards represent the money you already made while credit cards represent money you hope to make. permalink
Why is taking a cash advance on a credit card expensive?
-- There are higher costs including processing and fraud associated with cash advances. Most issuers charge an upfront fee of 3%-5% which may be subject ... more

PUMP YOUR SCORE. Clever!!!

-- Moving balances from one card to another can make your overall debt temporarily appear lower, if you time it just right. A higher score can mean a lower mortgage, auto or card interest rate. permalink
My credit card issuer recently changed my fixed interest due to "market conditions". Is this legal?
-- Under current regulations issuers can change fixed interest rates with proper notice. Fixed interest rates generally are raised if general interest rates rise significantly. permalink

DEVELOP CARD EYES. Judicious!!!

-- When forking your card over for a transaction make sure you see how it is handled and that it is not scanned or swiped by two machines. Crooks can duplicate your card with skimmed data. permalink
I was just charged a late payment fee even though I submitted the payment online on the due date. What can I do to get this refunded?
-- Some issuers require you to submit online payments at least one or two days in advance of the payment due date. Call or write and complain and ask ... more

CONSIDER DEBT WORKOUT. Nervy!!!

-- Avoid bankruptcy at all costs and explore a debt workout by having an attorney contact creditors to reduce balances or extend payments. permalink
Can I file a billing error dispute if I don't receive the merchandise I ordered through eBay and a convenience/cash advance check was used to pay for the merchandise?
-- Unfortunately, convenience checks are not covered by the same Fair Credit Billing Act rules that govern credit card purchases. Talk with your card ... more
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