http://www.thecreditcardinformationsite.com Giving you all credit information you need Mon, 22 Feb 2010 19:38:38 +0000 http://backend.userland.com/rss092 en Photo by Spoungeworthy Redux It’s been a long nine months since the CARD Act was signed into law, but the wait is finally over. Today is the day! The Credit Card Accountability and Disclosure Act of 2009 is now officially in effect. Unfortunately, there’s nothing really new and exciting to ... http://www.thecreditcardinformationsite.com/2010/02/card-act-of-2009-takes-effect-today/ Photo by Stefan Baudy Dear Creditnet: I just received information in the mail Saturday that Citi Platinum Select will now start charging an annual fee of $60. I have had this card since 1989. Of course there are ways to avoid that fee, but should I just start looking for another ... http://www.thecreditcardinformationsite.com/2010/02/new-annual-fee-should-i-pay-up-or-move-on/ Photo by Andy Newson / FreeDigitalPhotos.net In spite of all the consumer-friendly changes the CARD Act of 2009 will bring to the credit card industry, there’s absolutely nothing that will stop credit issuers from continuing to slash credit limits or close accounts whenever their little hearts desire. For some changes, such ... http://www.thecreditcardinformationsite.com/2010/02/better-safe-than-credit-less/ Photo by Taberandrew What would you do for a whopping $1.00 of new credit from your credit card issuer? Hmmmmm…let me see—nothing? You certainly wouldn’t agree to move old charged-off debt to a new credit card just so you could start making payments and paying interest again, right? That would ... http://www.thecreditcardinformationsite.com/2010/02/capital-one-accused-of-dishing-out-low-blows/ Photo by Andres Rueda Dear Creditnet: I received a credit card offer in the mail from the university I attended for graduate school. It’s a MasterCard issued by a major bank with no annual fee, and it also boasts no currency conversion fees for international transactions. Is this a perk ... http://www.thecreditcardinformationsite.com/2010/02/limited-options-for-cards-sans-currency-conversion-fees/ Photo by Andres Rueda It’s always annoyed me that we can’t pay our taxes with a credit card for free. I mean, come on—it’s 2010, and I still have to cut a check or set up a direct debit to the IRS each year. It just seems so old fashioned. I ... http://www.thecreditcardinformationsite.com/2010/02/american-express-points-for-taxes-no-thanks/ In response to the CARD Act, credit card companies are desperately seeking to boost profits by resurrecting old fees and creating new ones. The long-lost inactivity fee is one that’s been receiving a lot of attention in the media lately.  Use your card too much, and you end up in debt.  ... http://www.thecreditcardinformationsite.com/2010/02/fiore-pokes-fun-at-credit-card-reform/ Photo by Photos8.com 2010 already looks like it’s shaping up to be the year of ever-expanding fees for credit cardholders. While legislators are still celebrating and patting themselves on the back for passing the CARD Act of 2009, consumers, on the other hand, haven’t experienced much to be happy about at ... http://www.thecreditcardinformationsite.com/2010/02/the-inactivity-fee-returns/ Photo by D Sharon Pruitt Remember partying like it was 1999? Yeah, that was ten years ago. Since then you may have been able to hide your collection of Limp Bizkit CDs, stop wearing jean shorts and change your “Rachel” hairstyle (frosted tips for guys), but unfortunately you can’t remove ... http://www.thecreditcardinformationsite.com/2010/02/party-like-it%e2%80%99s-2009/ Photo by Terren in Virginia The team at Creditnet.com would like to wish each of you a joyous holiday season and a prosperous, debt-free New Year! Oh, and whatever you do this year to celebrate, just don’t eat too much of the icing that comes with those pre-made gingerbread houses. ... http://www.thecreditcardinformationsite.com/2010/02/happy-holidays-from-creditnet-com/