December 16th, 2009
Wednesday Trends in Credit Cards & Debt
Swiping your credit card virtually anywhere will soon be possible with a dongle, a phone case that swipes credit cards. The dongle swipes the card and accompanying application which runs the transaction through your iPhone. This high-tech application will make it temptingly convenient to charge to credit anywhere and anytime. Useful gadget or just more incentive to spend? For more on the latest on credit card and debt news, check out today’s round-up:
Credit Card News
- MoneyNing asks, why give my kids a student credit card?
- Associated Press reports that more on-time credit card payments expected in 2010. Is credit management one of your New Year’s Resolutions too?
- As debit cards grow, rewards programs follow, writes SmartMoney; Credit Karma picked up early on this hot topic last week with our own review of a debit rewards program card.
- Enemy of Debt suggests paying an extra 10% towards your credit card balance each month as one of 5 simple ways to pay down your credit card bills faster.
- Is there anything you should be worried about putting on your credit card? Realm of Prosperity tells you how to hide naughty credit card purchases.
Debt News
- Check out Fox Business’ 8 ways to stay debt free during the holidays.
- Good news on the nation’s personal finances: US household wealth up, debt down reports AFP.
- “Unhook the cable,” Gather Little By Little suggests. Read save $2000 or more this year for more household tips to cut down on spending to cut out that debt.
- The benefits of leveraging debt to create multiple income streams from Rich Credit Debt Loan explains how to use “good debt” to actually help you secure your financial future.
- An Emergency Fund’s tip on credit card’s payment protection plan can help you take advantage of emergency monthly payments that your issuer may offer.
