As we enter the holiday season, many shoppers are being asked to consider opening an account at nearly every retailer they visit. But with hundreds of retailers offering their own co-branded credit cards, we realized that we couldn’t possibly review them all for our Best Credit Cards of America series. So how can consumers find… Read More
Although it may not feel like a very personal gift, you probably can’t go wrong giving a gift card as a holiday present. Gift cards/certificates and cash are the top two gifts consumers want to receive this holiday season, according to the Deloitte annual holiday survey. And prepaid cards continue to grow in popularity, sometimes… Read More
Passengers are used to hearing flight attendants give safety briefings and warn of the perils of using their smartphones below 10,000 feet. But in recent years, flight attendants have added a new in-flight announcement to their repertoire: the credit card sales pitch. It’s a bit jarring the first time you hear the pitch and see… Read More
The federal agency in charge of making sure consumers have adequate protections when it comes to financial products noted that many of its attempts to give borrowers a better understanding of those products seem to have been successful. Richard Cordray, the director of the Consumer Financial Protection Bureau, recently spoke before the U.S. Senate Committee… Read More
In recent months, Americans have received a number of protections from the federal agency tasked with helping to protect consumers from predatory and misleading lending practices, but some experts say that it’s also important for borrowers to do their part to protect themselves. The CARD Act has instituted a number of strong policies that called… Read More
You know what’s really annoying? Buying something, say a $500 HDTV, and then seeing the same TV on sale for $375 a week or two later. Some merchants will reimburse you for the $125 difference if you ask and have some proof. But this doesn’t always work out. If the merchant refuses and you purchased the… Read More
I don’t encourage the use of prepaid cards, but the industry obviously doesn’t care about getting my blessing. In 2009, there was $18.3 billion loaded onto prepaid cards. And get this: The Network Branded Prepaid Card Association predicts that by the end of 2011, $67.7 billion will have been loaded onto prepaid cards. These cards… Read More
Credit cards are often presented as the best thing since sliced bread. Go to the home page of any popular credit card and you’ll see a list of fabulous features. But dig deep into the fine print—the terms and conditions and other disclosures—and that’s where you might find out that this isn’t the right card… Read More
Over at George Gombossy’s CT Watchdog Consumer Payback site, I read about a website called DazzleWhite Pro that lures you into filling out a form for a “free” sample of a teeth whitener product, then starts charging your credit card $58.76 per month for the stuff. (They get your credit card number when they ask for a $4.95 shipping and handling charge.)
According to the saying, “The devil is in the details…” These days, the devil is just as likely to be in the fine print.
A new website wants to expose the traps in the fine print for consumers. Mouseprint.org is the brainchild of Edgar Dworskey, a.k.a. “Mr. Consumer,” a long-time consumer advocate who also produces one of my favorite consumer information sites, ConsumerWorld.org.
The website states: The goal is to help educate the public about the catches or “gotchas” in disclaimers, and to encourage advertisers to abandon the motto, “the big print giveth, and the little print taketh away.”