Maximize Credit Rewards, Score a Free Honeymoon

Credit Cards

Maximize Credit Rewards, Score a Free Honeymoon

Maximize Credit Rewards, Score a Free Honeymoon

My friend Marissa is the queen of credit card points, so much so that she she managed to score a free roundtrip ticket to Athens, Greece for her honeymoon a few years ago…and continues to maximize her credit card rewards for travel freebies.

Russell Simmons’ Prepaid Card Company Subpoenaed

Credit Cards

Russell Simmons’ Prepaid Card Company Subpoenaed

Russell Simmons’ Prepaid Card Company Subpoenaed

Florida’s attorney general subpoenaed the prepaid debit card company owned by hip hop mogul Russell Simmons on Thursday, plus four other large prepaid card companies, on allegations that the companies charge deceptive fees. “Failing to disclose fees is essentially stealing money from consumers,” Attorney General Pam Bondi said in a press release. “We will aggressively… Read More

Power Play in Debit Card Swipe Fee Fight

Credit Cards

Power Play in Debit Card Swipe Fee Fight

Power Play in Debit Card Swipe Fee Fight

In the war between big banks and big retailers over control of your wallet, the retailers just won a small but potentially important battle. By pushing Senator Jon Tester (D – Mont.) to retreat on his call for a two-year delay on new limits for debit card swipe fees, the Merchants Payments Coalition may have… Read More

New Credit Card Originations Increase Significantly

Credit Cards

New Credit Card Originations Increase Significantly

New Credit Card Originations Increase Significantly

Year-over-year credit card origination growth rose more than 28 percent between February 2010 and the same month this year, according to the latest statistics from the credit reporting bureau Equifax. This was largely due to a vast increase – totaling more than 75 percent – in the number of cards issued to subprime borrowers, which… Read More

Want to Charge Weed? What Credit Card are You Carrying?

Credit Cards

Want to Charge Weed? What Credit Card are You Carrying?

Want to Charge Weed? What Credit Card are You Carrying?

A growing number of states have passed laws legalizing marijuana, and more states are currently considering legalization bills of their own. If you live in one of the 16 states that already allows marijuana to be purchased for medicinal use, you can charge it according to most major credit card issuers’ policies. If you’re a… Read More

Foreclosures Rise Once Again in Massachusetts

Mortgages

Foreclosures Rise Once Again in Massachusetts

Foreclosures Rise Once Again in Massachusetts

The most recent statistics issued by the real estate tracking firm the Warren Group showed that the number of foreclosure petitions filed in the Bay State rose to 1,192 in April, up 14 percent from March, according to a report from the Boston Globe. This was also the highest rate observed in the state since… Read More

Number of Mortgage Delinquencies Nationwide Decline Sharply

Mortgages

Number of Mortgage Delinquencies Nationwide Decline Sharply

Number of Mortgage Delinquencies Nationwide Decline Sharply

The delinquency rate for home loans on residential properties with between one and four units rose slightly to 8.32 percent between the fourth quarter of 2010 and first of 201, but decreased sharply on a year-over-year basis, according to the latest statistics from the Mortgage Bankers Association. That’s up from the 8.25 percent seen in… Read More

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