April 7th, 2010
Wednesday Trends in Credit Cards & Debt
Having financial difficulties filing your taxes by the upcoming April 15th due date? You could pay your taxes by using a credit card, however, The Sun’s Financial Diary suggests this is not your best alternative. By using any of the official partners authorized by the IRS to provide credit card payment services for taxpayers, you will end up paying more in convenience charges than what’s worth the extra time you get for paying by credit.
Racking up rewards through a generous rewards card is the best way to maximize benefits in this option if you are going to opt for it; just remember that you’ll be putting a big charge on your credit card that could ding your credit score and heap high interest onto your balance if you don’t pay it off in full right away.
For more on credit card news and debt talk, here’s today’s roundup!
Credit Card News
- Bankrate.com answers a crucial question about whether or not secured cards help build credit.
- Five Cent Nickel blog explains why credit cards are the safest online payment medium.
- Should you consider a charge card? Consult CNN Money first before you apply for one.
- Gift card companies feel the burn of new credit card rules and how these rules affect you, blogs Frugal For Life.
- MSN takes a close look at cash-back credit cards, their perks, their costs, and whether they are worth it in rewards.
Debt News
- Five simple habits that will help you avoid the debt trap, brought to you by Five Cent Nickel.
- Five Cent Nickel also offers you all the hardcore tools for getting your debt to zero.
- It might make you queasy, but Get Rich Slowly blog encourages you to calculate how much your debt costs you per month to get a handle on dealing with it.
- Debt Free Adventure answers a great question on how to deal with finances in the case of job-loss–should you prepare by saving money or reducing debt?
- Which debts to pay off first? LearnVest has your answer with steps on how to start tackling your debts.
Related posts:
- Wednesday Trends in Credit Cards & Debt Consumers won’t be the only ones protected by the sweeping Wall Street reform bill currently making its way through Congress....
- Wednesday Trends in Credit Cards & Debt In response to continued public outrage over credit card companies’ exorbitant fees and shady practices, the Federal Reserve adopted new...
- Wednesday Trends in Credit Cards & Debt Big banks may be getting the biggest backlash yet: general public anger over taxpayer bailouts, big bonuses for bankers, and...
- Wednesday Trends in Credit Cards & Debt When consumers were asked if their bank does what’s best for the customer, the nation’s biggest banks ranked rock-bottom of...
- Wednesday Trends in Credit Cards & Debt Consumer credit levels have up and down results at the start of 2010. On the one hand, overall consumer credit...
