Credit Card Now

New credit card reform or the CARD Act of 2009, goes into effect on February 22, 2010. This legislation signed by President Obama, will serve to protect credit card consumers more than ever before and is the largest piece of legislation ever to be passed related specifically to credit cards.

But, how will it affect you if you are a college student?

In the past, credit card companies have aggressively marketed to college students, spending a great deal of marketing time and money towards students. Credit card companies target college students and convince them to get a credit card now…before they graduate. These

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Amid a tough job market and unemployment at a 26 year high, consumers have struggled, creating huge losses for consumer banking companies who have paid the price. Over the past year, financial institutions have set aside billions of dollars to cover bad credit card and auto loans. But the nation’s third largest credit card issuer, Capital One Financial Corp. recently reported a profitable 2009 fourth-quarter — earning $.83 per share. And American Express reported nearly a three-fold jump in profits during the last quarter of 2009, compared to the same period in 2008.

The increase in profits for American Express was driven by a climb in cardholder spending from $172.6 billion compared to $160.5 billion a year ago. Anot

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The new Zync from American Express is the first credit card of it’s kind that let’s applicants choose a “lifestyle pack” that fits them and their purchase habits best. American Express lets you choose one of the following lifestyle packs:

Go Pack – Earn double points on eligible airline tickets and enjoy car rental discounts when you book through American Express Travel. Car rental discounts up to 25% are available from Avis, Budget and Hertz. All points are credited to your Membership Rewards points account and the annual cost is just $25.

Social Pack – Earn double points at qualified resturants and on qualified concert, movie and show tickets. Applica

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According to the credit reporting agency TransUnion, late payments on credit cards carrying the MasterCard and Visa logos fell to 1.1% for the June to September period, down nearly 6% from the previous quarter. Since delinquency rates typically rise in the third quarter, the decline, together with the 11% decline from the first quarter, indicate that consumers are handling debt better. In addition, the third quarter rate for late credit card payments of 90 days or more past due (1.1%) nearly matched that of the previous year (1.09%). Delinquencies were highest in Nevada (1.98%), Florida (1.47%), Arizona (1.35%) and California (1.33%), lowest in N. Dakota (.66%) and S.

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Today travelers not only accumulate frequent flyer miles from flying on a variety airlines, but there are also free credit cards that allow you to add to your airline miles total. While the benefit of extra miles is obvious to the frequent flyer who can take advantage of the free flights, what about the casual traveler? Not everyone wants to redeem their miles for more flights and it would be simpler to just be able to get cash. Gift Card Rescue provides a solution to those who have accumulated frequent flyer miles and would rather have cash then anything else.

For some frequent flyer programs like Delta Skymiles, you can use miles to purchase items at a variety of different retailers like Barnes and Noble, Nordstrom, and Kohl’s. F Read more…