5 Tips for Getting Back on the Credit Card Ladder

5 Tips for Getting Back on the Credit Card LadderYou don’t really appreciate what everyone means by ‘credit crunch’ until you actually get rejected for a credit card or loan that you thought you were good for. The current economic crisis means that lenders are getting tighter and more exclusive about who they approve. The so-called ’subprime’ group of consumers, ie those who are not able to get the market leading credit cards and loans, is expanding more and…

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New Credit Card Minimum Payment Rules

New Credit Card Minimum Payment RulesIn response to new government regulations on credit cards, credit card companies are changing their minimum payment rules and their interest rates. In general both are going up. I don’t have many credit cards and only use one regularly, but my rarely-used Sears card is the first one to send me details on changes that will be effective in September. My nominal interest rate will rise from 28.8% per year…

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Beware the M2 Credit Card

Beware the M2 Credit CardI got caught out! Here is what I learned the hard way about credit cards and interest charges on late payments. Mea culpa, through simply not paying attention, I was a day late paying the full balance. Of course, that means interest is charged and not just for the one or two days that payment was late but for the whole time since the purchase date up to the payment…

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Top Platinum Credit Cards in Canada

Top Platinum Credit Cards in CanadaFor those people who have had a credit card for more than a few years, it could be time to start thinking about whether the card you currently own offers all of the benefits you want. For more established consumers, an option that is available is a Platinum card. Platinum cards generally offer more benefits over standard “classic” or “Gold” cards, but have correspondingly different restrictions. These cards also come…

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Financial Reboot

Financial RebootOne of the major tricks I learned when I was an I.T. dude, was how easy it was to fix problems if you told your customer, “Have you rebooted your system lately?”. I also knew this drove my customers nuts, but it worked most of the time, and they had to then go away, and I usually had a good chuckle. When I was at the Maundy Thursday service at…

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