Credit card offers fill up the mailboxes of many Americans. Companies are constantly trying to get you to open up new accounts and get sucked into the volatile credit industry; but, today, the credit card companies took marketing to another level. My two youngest children, Devyn (16) and Tyler (17) both received offers in the mail for a Southwest Rapid Rewards credit card from Chase. Continue reading

While the Credit CARD Act of 2009 was passed last year, the majority of the changes associated with it went into effect this past Monday. One of the biggest changes put forth by the bill is the new rules regarding marketing credit cards to students. Marketing to college students has been an ethical issue for big lenders like Bank of America, JP Morgan Chase, and Wells Fargo for years. Continue reading

The act is coming in waves—with the first having already started almost a month ago. The Credit Card Accountability, Responsibility, and Disclosure Act attempts to keep credit card companies from using those all too familiar tactics that credit card companies use to keep us paying the premium rates.

Credit card companies are limited on when they can raise their rates. It can only happen after a promotional rate… Continue reading