How YOU Can Profit from Credit Cards Curtis Arnold, founder of Cardratings.com, passes along techniques he has used to escape credit card debt, "creatively finance" his wedding, car, and home purchases, and earn thousands in credit card "perks" every year. Along the way, he offers advice targeted to young consumers…
Managing Money Topic: Credit Cards
A listing of news items, events, books, and publications on credit cards.
News & Headlines
- March 07, 2010 Fed proposes rule to limit credit card fees
- March 04, 2010 FreeCreditReport.com isn't free
- March 04, 2010 Cap on credit card penalty fees proposed
- March 02, 2010 Consumer protection may be headed for the Fed
- February 22, 2010 New rights for credit cardholders Consumer Action and American Express announce update of free, popular multilingual consumer education series As new credit card regulations take effect, Consumer Action, in partnership with American Express, announces the update of their free, popular multilingual consumer education series, “Credit Cards: What You Need to Know.”
Publications
Wednesday, February 17, 2010
Credit Cards - What You Need To Know. Most people use credit cards—but do they know the terms of the agreement they have with their card issuer? This brochure is designed to help readers understand the different types of cards available; sort through offers to choose the card that's right for them; understand credit card terms and conditions, and avoid fees and penalty rates.
Tuesday, July 14, 2009
Recognizing Credit Card Fraud (Vietnamese). Mạo nhận thẻ tín dụng xảy ra khi người tiêu thụ đưa số thẻ tín dụng của họ cho người lạ mặt, khi thẻ bị mất hay bị trộm, khi thư gửi bị chuyển đi và lấy bởi kẻ gian, hay khi nhân viên của một kinh doanh sao chép thẻ hay số thẻ của người giữ thẻ tín dụng. Bản cẩm nang mới này của Consumer Action giải thích làm thế nào để nhận định và tránh nhiều phương sách mạo nhận liên quan đến thẻ tín dụng, như là việc cào lén (skimming), câu móc (phishing), trộm danh tính và các thẻ tín dụng giả mạo.
Credit card fraud happens when consumers give their credit card number to unfamiliar individuals, when cards are lost or stolen, when mail is diverted from the intended recipient and taken by criminals, or when employees of a business copy the card or card numbers of a cardholder. This new Consumer Action publication explains how to recognize and avoid many forms of fraud that involve credit cards, such as skimming, phishing, ID theft and counterfeit cards.
Wednesday, July 08, 2009
Credit Card Fraud - Lesson Plan. This updated packet provides guidance for teachers and team leaders. The 18-page packet contains a detailed curriculum, classroom activities and Phishing information. (Note: It is only available as a PDF file.)
Wednesday, July 08, 2009
Recognizing Credit Card Fraud (Korean). 신용 카드 사기는 소비자가 신용 카드 번호를 낯선 사람에게 알려 줄때, 카드를 분실 혹은 도난 당했을 때, 우편물이 정해진 사람에게 가지 않고 사기범들 손에 들어 같을 때, 혹은 영업체의 직원이 카드나 카드 번호를 복사할 때 발생합니다. 이 소비자 행동 출판물은 신용 카드와 연관된 스키밍, 피싱, 신분 도용, 위조 카드 등과 같은 여러가지 형태의 사기에 대처하는 요령에 대한 정보를 제공합니다.
Credit card fraud happens when consumers give their credit card number to unfamiliar individuals, when cards are lost or stolen, when mail is diverted from the intended recipient and taken by criminals, or when employees of a business copy the card or card numbers of a cardholder. This new Consumer Action publication explains how to recognize and avoid many forms of fraud that involve credit cards, such as skimming, phishing, ID theft and counterfeit cards.
Wednesday, July 08, 2009
Questions and answers about credit card fraud Training Manual. This 24-page publication provides information about many aspects of credit card fraud and offers tips for recognizing fraud and preventing it. The guide also covers how to check your credit card billing statement, where to report credit card fraud and what to do when fraud strikes. A list of helpful resources is included.
CA News & Special Reports
2009 Credit Card Survey Consumer Action's 2009 Credit Card Survey contains information on credit card rates, fees, terms and industry practices for 39 cards from 22 issuers. ( Wednesday, August 12, 2009 )
On Our Radar
- December 03, 2008 Old debt gets new rates: Citigroup raises credit card rates An article by Tim Westrich of the Center for American Progress discusses Citigroup's announcement that it would raise its credit card interest rates on 20 percent of its customers, just weeks after accepting $25 billion from the federal government.
- July 16, 2008 Merchants get Congressional help on fair interchange fees The Credit Card Fair Fee Act of 2008 (HR 5546) would allow merchants to negotiate directly with the card associations in an effort to lower interchange rates.
- November 27, 2007 The Arbitration Trap: Credit Cards Companies Ensnare Consumers Consumers who seek justice in disputes with their credit card companies shouldn’t expect to find it in binding mandatory arbitration (BMA); in cases decided in California by a major arbitration firm over a four-year period, consumers lost 94 percent of the time, according to a new Public Citizen report .
Coalition
- April 17, 2009 Shareholders target predatory credit card practices Consumer Action and the Center for Responsible Lending joined socially responsible MMA Praxis Mutual Funds and the Interfaith Center on Corporate Responsibility to discuss anti-consumer credit card practices that could have a negative impact on shareholders of major card issuers, and the larger economy.
- March 18, 2009 Wolf in sheep's clothing: payday lending bill harms consumers In a letter to the House Financial Institutions and Consumer Credit Subcommittee, Consumer Action joined its coalition members in strongly opposing H.R. 1214, which would condone predatory terms in payday loan products.
- January 14, 2009 Groups urge co-sponsorship of 'Credit Cardholders' Bill of Rights' Consumer Action joined coalition members in asking Congress to co-sponsor and pass the urgently-needed Credit Cardholders' Bill of Rights legislation, which would curb unfair and abusive practices by credit card companies.
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