Credit Card Mix

According to the recent studies by Sallie Mae, use of credit cards by college students grew last year, despite the harsh credit conditions in financial spheres. Students charged over $2,200 for direct education expenses, compared to only $942 in 2004. Over 90% of undergraduate students paid for textbooks and school supplies with their student credit cards, which may put a lot of them at risk of overpaying for college.

Many college students use credit cards to live far beyond their means. Therefore they accrue finance charges for carrying over balances from month to month. Most of them do not keep track of their debt amounts and do not realize how high their bills will turn to be in the near future. 82 percent will pay interest and other finance charges on their accounts this month.

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Secured credit cards are in the spotlight these days. The reason why they are so popular is simple and probably does not need any explanations. Secured credit cards allow one to build or rebuild his credit history from the beginning. These cards can become a second chance for many of us at these harsh times, just like credit cards for people with bad credit.

How Secured Cards Work

Secured credit cards are easy to use. When you open an account, you will have to deposit a specific sum of money in cash that insures your account. Read the rest of this entry »

What is in a celebrity’s wallet?Almost everyone will agree that spying on celebrities is ungrateful work! But not too many things can be more or, at least, as much fun as finding out some “spicy” information they are trying to keep personal? We have dug the internet, length and breadth, to find out what credit card issuers are on celebrities’ lists. Read the rest of this entry »

Nowadays when we hear a name of a big company in the news many of us will expect a wave of negative information to follow. However the 9th of December was the day when two of the nation’s biggest companies, Delta airlines and American Express, decided to break the pattern by announcing an extension of their great partnership. They will continue to work together introducing new benefits for Skymiles card holders by incrementing the credit card portfolio and improving features of their co-branded reward program.

Northwest Airlines Joining Delta

Earlier this year Northwest Airlines proclaimed their union with Delta Airlines. It resulted not only in unification of the schedule of flights and their destinations, but also in blending the two main reward credit card programs – WorldPerks by Northwest and SkyMiles by Delta. How does this influence the ordinary cardholder? Especially the one that was saving up WorldPerks?

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The world around us is constantly changing. The immensity of these changes makes it hard to believe that a single person can make a difference in the way the planet evolves. However, each individual is like a tiny piece of a puzzle that may not seem significant if you place it aside by itself, but is irreplaceable in the grand view of the composition. And it is up to us whether we become a bright spot that titivates the image or a dull smudge of a fade-to-black border line.

The Easy Way to Contribute

We are now used to common ways of preserving nature: in addition to conservation projects that imply membership and total commitment, there is a variety of smaller (but not less significant) activities and possibilities to help changing our world for better. One of them is contributing your money to charitable organizations (such as The Nature Conservancy) while shopping.

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Many of us may be wondering why credit card issuers are raising rates and fees for their services in-spite of the fact that the Fed just dropped the rate to stunning 1 percent. How can it be explained today and what to expect in the future?

Changes in Credit Card Industry

It has been reported by numerous banks that just within the third quarter charge-off rates have risen to right above 5% of total credit card balances. And the situation will tend to worsen in the near future. To off-set the losses companies are trying to increase the rates on cash advances, as well as overdraft protection. Additionally some banks will introduce monthly service charges for those who have been carrying large balances for over 2 years. Read the rest of this entry »

Recent emergence of various credit card offers with the option of designing a card have made us wonder how important it is for someone to have a uniquely looking card. Therefore we decided to run a semi-official poll on the subject of importance of your credit card look. Let us know what you think about this by submitting your votes and leaving us a comment.

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Why Discover

Discover has been advertising the answer to the question “Why Discover?” for quite a while. They simply stated: “It Pays to Discover!” And here is why it does.

Discover saw the opportunity in increasing its market share through offering one of the best, if not the best, reward program for credit card consumers. Their registered term Cashback Bonus® says it all!

The company concentrates on cash back rewards for a number of categorical (travel, gas, auto, home, etc) and the majority of regular purchases. Their line of credit card offers with a cash back option includes Discover More Card, Discover Open Road Card – gas cash back card, Discover Motiva Card and a few others.

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This article is for our young readers that are heading to colleges for the first time this summer. We would like to encourage them to be very careful in their perhaps first independent financial decisions. We advice that they always take their time to learn about new things and ask their parents and professionals before making a step toward signing up for any credit accounts, loans, mortgages, etc. This article contains some start-off material for the college kids that will be looking to get their first credit cards this year.

Why Choose a Student Credit Card

Now that you are in college it is a good decision to choose a student credit card. At some point in your life you are going to have to start establishing your credit. Being a college student is a great opportunity to start doing just that. Student credit cards will help you start building your credit histories. They also offer reward points that students can use at places where they shop. Read the rest of this entry »

We are happy to announce the launch of our trial website for UK credit card consumers (CreditCardMix UK). The new site is a scaled down version of our main portal and is exclusively dedicated to the credit card offers currently available to UK residents.

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