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Follow Friday: Weekly Web Roundup (2/25/11)

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This week we’re bringing you the best of the web and focusing on credit’s past, present and future. We’re looking back at the CARD Act, measuring its results along with our healthier relationship with credit, to give us a better view of what’s working. Of course, we’re not out of the woods yet so we have great advice for deciphering credit card offers and the difference between a charge card and a credit card. If you like any of our weekly favorites, we encourage you to follow them on twitter for regular updates.  And don’t forget to follow Credit.com at @CreditExperts.

Credit Card Rules 1 Year Later: Hits and Misses
The CARD Act has accomplished many of its consumer protection goals. Penalty charges for late payments and over-drafting accounts are down. Also, issuers are no longer allowed to raise rates on past purchases. Transparency is on the rise, but could still use improvement. @USATODAYmoney

4Q Credit Card Data Shows Use Returning to Normal
TransUnion reported a positive response to consumer credit use from the last quarter of 2010. Credit cards are being issued at a higher rate and consumers are using them more without run-away debts. @ABCNewsNews

Deciphering Credit Card Offers
Jean Chatzky offers options and advice for those who are trying to make sense of the credit opportunities in front of them. Wisely critical and diversely personal information included. See what works best for you. @JeanChatzky

Looking For a Credit Card: It Pays to be Rich
Banks have been turning up the charm with big spenders with sterling credit. Between the perks and rewards, the well-off are doing even better with credit. However, those less fortunate have had their limits slashed or have been cut off altogether. Many are now turning to secured cards to repair their credit. @mainstr

What You Need to Know About Pay-As-You- Go Plastic
John Goldwasser at Kiplinger explains the benefits of a charge card rather than a credit card. He also gives advice and suggestions regarding debit, prepaid and secured cards. @KiplinerMedia

Image by Paul Snelling, via Flickr

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